PHILADELPHIA | Highrise Development Thread IX

[jsbrook]

Originally Posted by Gonzo the Great

That's a pretty small lot and 25 mil is a pretty big slice . I have been wrong more times than right , but I wouldn't
be looking for anything substantial at that location ......

I think it's a fairly sizable lot. The Sunoco will be gone. It's not like there is a tower that will rise next to it. There's a decent amount of room, I think.

[Kidphilly]

http://jllcampaigns.com/jlltechspec/articles/philadelphia-millennials-dominate-city-demographics

[3rd&Brown]

Originally Posted by Kidphilly

http://jllcampaigns.com/jlltechspec/articles/philadelphia-millennials-dominate-city-demographics

This is the kind of information Amazon needs to see.

[acenturi]

Originally Posted by 3rd&Brown

This is the kind of information Amazon needs to see.

And this: https://www.bizjournals.com/philadelphia...irlines-calls-phl-airport-the-crown.html

It's behind a paywall, but essentially it says that American Airlines will be expanding it's Hub in Philadelphia both domestically and Internationally.

[1487]

Originally Posted by acenturi

And this: https://www.bizjournals.com/philadelphia...irlines-calls-phl-airport-the-crown.html

It's behind a paywall, but essentially it says that American Airlines will be expanding it's Hub in Philadelphia both domestically and Internationally.

There is another article on philly.com about american and the woman running the hub. Says a $900m project is being planned for replacement for B-C ticketing area.

[Nova08]

Originally Posted by acenturi

And this: https://www.bizjournals.com/philadelphia...irlines-calls-phl-airport-the-crown.html

It's behind a paywall, but essentially it says that American Airlines will be expanding it's Hub in Philadelphia both domestically and Internationally.

Sometimes these articles and statements from airlines can be taken with a grain of salt. E.g. Every airline hub at some point is labeled...the crown jewel, the most profitable, the best international gateway, etc.

The short of it is AA/US will continue their integration this winter which allows more fleet flexibility next summer. That will allow AA to start Prague, Budapest and bring back Zurich, while also upgauging aircraft on Amsterdam and Lisbon. AA believes that PHL is a great gateway to start new transatlantic routes with the right size aircraft and labels next summers' additions as the "first installment."

It's also worth noting that tomorrow Aer Lingus will formally announce (already unofficially announced) Dublin-Philadelphia 4x weekly beginning next spring.

[3rd&Brown]

Originally Posted by Nova08

Sometimes these articles and statements from airlines can be taken with a grain of salt. E.g. Every airline hub at some point is labeled...the crown jewel, the most profitable, the best international gateway, etc.

The short of it is AA/US will continue their integration this winter which allows more fleet flexibility next summer. That will allow AA to start Prague, Budapest and bring back Zurich, while also upgauging aircraft on Amsterdam and Lisbon. AA believes that PHL is a great gateway to start new transatlantic routes with the right size aircraft and labels next summers' additions as the "first installment."

It's also worth noting that tomorrow Aer Lingus will formally announce (already unofficially announced) Dublin-Philadelphia 4x weekly beginning next spring.

Beyond Europe, we really need the below direct flights:
Mexico City
Hong Kong
Shanghai
Tokyo

(In order of most to least realistic). Also, a direct flight to South America (Sao Paulo) would be logical, especially considering there are a number of big Brazilian companies with North American Headquarters in the area, including Braskem.

[Parkway]

Originally Posted by 3rd&Brown

Beyond Europe, we really need the below direct flights:
Mexico City
Hong Kong
Shanghai
Tokyo

(In order of most to least realistic). Also, a direct flight to South America (Sao Paulo) would be logical, especially considering there are a number of big Brazilian companies with North American Headquarters in the area, including Braskem.

The biggest problem is that American has always been a small player in the East Asian market. Beijing, Hong Kong, Tokyo, and Shanghai are the only cities in the Pacific Rim that they serve and save for Tokyo they are only served from LA. We are better off working with them to get their Oneworld partners to sign on to PHL.

[Nova08]

Originally Posted by 3rd&Brown

Beyond Europe, we really need the below direct flights:
Mexico City
Hong Kong
Shanghai
Tokyo

(In order of most to least realistic). Also, a direct flight to South America (Sao Paulo) would be logical, especially considering there are a number of big Brazilian companies with North American Headquarters in the area, including Braskem.

I actually think Tokyo is most likely. Hong Kong and Shanghai could follow if Tokyo out performs. Mexico City would be nice.

Originally Posted by Parkway

The biggest problem is that American has always been a small player in the East Asian market. Beijing, Hong Kong, Tokyo, and Shanghai are the only cities in the Pacific Rim that they serve and save for Tokyo they are only served from LA. We are better off working with them to get their Oneworld partners to sign on to PHL.

Outside of Los Angeles and Tokyo, American also flies
Dallas - Beijing, Hong Kong, Shanghai, Seoul
Chicago - Beijing, Shanghai

From a connection standpoint, Philadelphia does not offer a great deal of better routings than Dallas, Chicago, and Los Angeles already offer. So PHL remains an untested / unproven market. If for some reason there is a ton of pent up demand like there was at BOS and once one carrier succeeds they all jump in, then who knows.

[Parkway]

Originally Posted by Nova08

I actually think Tokyo is most likely. Hong Kong and Shanghai could follow if Tokyo out performs. Mexico City would be nice.


Outside of Los Angeles and Tokyo, American also flies
Dallas - Beijing, Hong Kong, Shanghai, Seoul
Chicago - Beijing, Shanghai

From a connection standpoint, Philadelphia does not offer a great deal of better routings than Dallas, Chicago, and Los Angeles already offer. So PHL remains an untested / unproven market. If for some reason there is a ton of pent up demand like there was at BOS and once one carrier succeeds they all jump in, then who knows.

My mistake, I thought the dumped Seoul when they cut Mumbai.

While I agree that Asia is important ending up as their major European gateway could still go a long way towards convincing European companies to set up shop here.

[1487]

Originally Posted by 3rd&Brown

Beyond Europe, we really need the below direct flights:
Mexico City
Hong Kong
Shanghai
Tokyo

(In order of most to least realistic). Also, a direct flight to South America (Sao Paulo) would be logical, especially considering there are a number of big Brazilian companies with North American Headquarters in the area, including Braskem.

runway lengths become an issue for some long haul flights for big jets.

[Parkway]

Originally Posted by 1487

runway lengths become an issue for some long haul flights for big jets.

I doubt we'll see any A-380s so the current configuration of the 9/27s should be fine at ~10,000'. I will guess that any service to Asia will be 777-200ERs or 787/A350s.

Airport related but on a different note: I remember saying people saying we would get hurt because no one does PHL to SEA. That's actually not true, both American and Alaska do PHL-SEA non-stop.

[Urbanthusiat]

Developers buy up 801 Market building in $96M deal

Thanks to a nearly $100 million deal, the historic building at 801 Market has a new owner.

A $96 million financing package was secured in mid-September for developers Cohen Properties and Taconic Capital Advisors to purchase a portion of 801 Market Street. Cohen Properties, which already owns floors seven through 13, is now part-owner of floors three through six.

JLL Capital Markets secured the financial package for the developers. The $96 million will be used to both buy the lower half of the building and rehab the 695,130-square-foot office tower.

The purchase comes as the Market East corridor undergoes a major rennaisance while offering the most affordable retail rents in the country. In addition to PREIT’s redevelopment of the Gallery Mall into the Fashion District, construction on the $600 million East Market mixed-use development is well underway, with big-name tenants like signed on or already moved in.

More at: https://philly.curbed.com/2017/10/3/16410990/801-market-philadelphia-sold

[Kidphilly]

Originally Posted by Parkway

I doubt we'll see any A-380s so the current configuration of the 9/27s should be fine at ~10,000'. I will guess that any service to Asia will be 777-200ERs or 787/A350s.

Airport related but on a different note: I remember saying people saying we would get hurt because no one does PHL to SEA. That's actually not true, both American and Alaska do PHL-SEA non-stop.

I fly to SEA often and there are only three choices

compared to SFO and LAX its well less than half the daily direct options

that would change with any HQ2 but its not all that frequent for major job markets to me meaning little corporate connectivity between the 2

[Nova08]

Originally Posted by Kidphilly

I fly to SEA often and there are only three choices

compared to SFO and LAX its well less than half the daily direct options

that would change with any HQ2 but its not all that frequent for major job markets to me meaning little corporate connectivity between the 2

The Seattle-Philadelphia market is heavily seasonal. With 1x AA and 1x Alaska flight a day in the dead of winter but 3-4x AA and 1x Alaska flights in the summer.

Either way, Philadelphia has a nonstop option throughout the year and check that box.

[acenturi]

Originally Posted by Nova08

The Seattle-Philadelphia market is heavily seasonal. With 1x AA and 1x Alaska flight a day in the dead of winter but 3-4x AA and 1x Alaska flights in the summer.

Either way, Philadelphia has a nonstop option throughout the year and check that box.

Boston has only 3 (dead of winter) flights to Seattle and 2 of those are on DL, even though Seattle is a DL Hub airport.

[eixample]

Whatever city wins the Amazon sweepstakes is going to add daily Seattle-HQ2 flights aren't they? I get why Amazon wants a city with a major airport (and one reason Pittsburgh seems like it is on the outside looking in), but I don't get why pre-existing Seattle-HQ2 flights matters that much

[JohnIII]

Originally Posted by Nova08

The Seattle-Philadelphia market is heavily seasonal. With 1x AA and 1x Alaska flight a day in the dead of winter but 3-4x AA and 1x Alaska flights in the summer.

Either way, Philadelphia has a nonstop option throughout the year and check that box.

I completely agree with you; it will affect PHL; not just for a Philly to Seattle flight but if the company grows which is the goal; they will send individuals to flights to Europe as well more then likely.

Also if Amtrak is postponing searches that would be a sign of things. Seems a bit odd for them to hold off if something serious wasn't happening. Time is money; when opportunities come that are a sure benefit sometimes it pays to be decisive and yet we see a delay. Interesting!

[Redddog]

Originally Posted by JohnIII

....

Also if Amtrak is postponing searches that would be a sign of things. Seems a bit odd for them to hold off if something serious wasn't happening. Time is money; when opportunities come that are a sure benefit sometimes it pays to be decisive and yet we see a delay. Interesting!

My first thought...

[SEFTA]

I really don't think they're concerned with how many flights that currently exist as much as it being possible to add the flights that will be needed.