PHILADELPHIA | Highrise Development Thread IX - Page 828

ebuilder · #**16541** Posted **Jan 3, 2018, 1:35 PM**

Quote:

Originally Posted by iheartphilly

I suspect not a big deal since they could use heavy equipment to rip it up. Plus any depth below 3 ft probably is not frozen since that depth is considered the frost line. The bigger issue is being ablet to pour concrete for a mat slab or whatever. To my understanding, concrete won't set in frozen temps.

If you're project is using pre-cast you are definitely in better shape when building in the winter. But you can pour concrete in the cold, the issue is that extra measures are needed to keep it warm so it can cure properly. So it's less efficient when done below ideal temps.

City Wide · #**16542** Posted **Jan 3, 2018, 3:28 PM**

Quote:

Originally Posted by iheartphilly

I suspect not a big deal since they could use heavy equipment to rip it up. Plus any depth below 3 ft probably is not frozen since that depth is considered the frost line. The bigger issue is being ablet to pour concrete for a mat slab or whatever. To my understanding, concrete won't set in frozen temps.

pouring slabs on grade, where ever the grade happens to be, isn't a big problem as its easy to put blankets over the pour. Walls are a bigger issue, but still doable. Try to follow the work at the "W" site and see if it is slowing down. It can't be much fun to be outdoors for 8 hours a day right now.

Londonee · #**16543** Posted **Jan 3, 2018, 4:35 PM**

Quote:

Originally Posted by philatonian

It's amazing that a liberal governor and an even more liberal city are so willing to embrace trickle down economics under a completely different name. Handing out $2.4M to Dranoff's SLS International isn't "redevelopment," it's subsidized private profit. And in the end, it's looking more and more like it paid to tear down a historic recording studio for a hole in the ground, that Dranoff will flip to Sl-EZ Park for millions.

To be fair, whether the RACP motivations align with the actual reality or not - hotels do generate a crap ton (technical term) of tax revenue for the city and state - 14% of all room rates line the coffers of Harrisburg and City Hall. Plus high-end hotels bring in well-heeled clientele with expense accounts and deep pockets that are booking tables at restaurants where the city/state gets 7% on all meals and 10% on all booze. The tourists also shop at Walnut Street stores, grab coffee at Elixr, helping keep those businesses viable.

The SLS residences - the city/state are collecting additional wage/property/income taxes on what one can assume are high net worth earners. Frankly, in a few years - the $2million will be a small drop in the bucket compared to what this building will return to the city/state in additional tax revenue.

Edit.
Just did some rough math. The SLS hotel will have 150 rooms. Center City hotel occupancy average is 80%. This means this hotel will generate 43,800 room nights per year. Since it's luxury, i'll say at an average of $300/night which generates $13,140,000 in revenue. The 14% hotel tax will earn the city/state $1,839,600 in tax revenue on that. In other words, this building would pay back it's subsidies in a single year in just hotel tax benefits.

iheartphilly · #**16544** Posted **Jan 3, 2018, 4:49 PM**

Quote:

Originally Posted by Londonee

To be fair, whether the RACP motivations align with the actual reality or not - hotels do generate a crap ton (technical term) of tax revenue for the city and state - 14% of all room rates line the coffers of Harrisburg and City Hall. Plus high-end hotels bring in well-heeled clientele with expense accounts and deep pockets that are booking tables at restaurants where the city/state gets 7% on all meals and 10% on all booze. The tourists also shop at Walnut Street stores, grab coffee at Elixr, helping keep those businesses viable.

The SLS residences - the city/state are collecting additional wage/property/income taxes on what one can assume are high net worth earners. Frankly, in a few years - the $2million will be a small drop in the bucket compared to what this building will return to the city/state in additional tax revenue.

Good through analysis. I'm sure the State has made worst investments than this. At least for this one, you can see the return on investment (tax revenue) once the hotel is up and running and that's not a bad thing.

Nightman · #**16545** Posted **Jan 3, 2018, 7:24 PM**

Anyone unlock the PBJ article on Blatstein selling a portion of his delaware ave (former foxwoods site)?

3rd&Brown · #**16546** Posted **Jan 3, 2018, 8:04 PM**

Quote:

Originally Posted by Capsule F

You're probably right, but you're also a moron that likes to compare our city to an NYC or LA.

If you go by the requirements in the RFP, our chances are better than 97% of the other cities out there.

We're definitely a better / more logical choice than Pittsburgh.

Atlanta is the real contender.

Austin is where the Press wants HQ2 to go, because, Austin. And the Press. And why wouldn't their narrative and need for self-fulfillment supercede Amazon's own stated requirements.

For all intents and purposes, Austin is a slightly more urbanized version of Nashville.

Most Austin and Atlanta have mind-boggling bad traffic and almost zero rail infrastructure. Atlanta at least has some.

We'll see.

iamrobk · #**16547** Posted **Jan 3, 2018, 8:17 PM**

Quote:

Originally Posted by 3rd&Brown

If you go by the requirements in the RFP, our chances are better than 97% of the other cities out there.

We're definitely a better / more logical choice than Pittsburgh.

Atlanta is the real contender.

Austin is where the Press wants HQ2 to go, because, Austin. And the Press. And why wouldn't their narrative and need for self-fulfillment supercede Amazon's own stated requirements.

For all intents and purposes, Austin is a slightly more urbanized version of Nashville.

Most Austin and Atlanta have mind-boggling bad traffic and almost zero rail infrastructure. Atlanta at least has some.

We'll see.

Agree pretty much 100% with this. I've always thought Atlanta was probably the favorite (trying to avoid looking at this with any Philly bias...) and I don't really get why anyone ever thought Pittsburgh (or Detroit, for that matter... sorry Detroit) had serious chances. I also think Denver is a favorite, although I think that it's geographically a little too close to Seattle and Amazon will want to be closer to NYC/DC if possible.

Redddog · #**16548** Posted **Jan 3, 2018, 8:58 PM**

Quote:

Originally Posted by iamrobk

Agree pretty much 100% with this. I've always thought Atlanta was probably the favorite (trying to avoid looking at this with any Philly bias...) and I don't really get why anyone ever thought Pittsburgh (or Detroit, for that matter... sorry Detroit) had serious chances. I also think Denver is a favorite, although I think that it's geographically a little too close to Seattle and Amazon will want to be closer to NYC/DC if possible.

I work out in Denver about 2 weeks a month. The people there are completely convinced that not only is it going there but that there is no other reasonable competition. It's super annoying.

iheartphilly · #**16549** Posted **Jan 3, 2018, 9:00 PM**

Quote:

Originally Posted by Redddog

I work out in Denver about 2 weeks a month. The people there are completely convinced that not only is it going there but that there is no other reasonable competition. It's super annoying.

Maybe they are smoking too much of the ghanga.

So we are 16:1 on a betting website and behind Boston. I want Philly to get it, but I bet Amazon is strongly leaning towards Austin or Atlanta. Just a hunch.

Redddog · #**16550** Posted **Jan 3, 2018, 9:50 PM**

Quote:

Originally Posted by iheartphilly

Maybe they are smoking too much of the ghanga.

So we are 16:1 on a betting website and behind Boston. I want Philly to get it, but I bet Amazon is strongly leaning towards Austin or Atlanta. Just a hunch.

This is like Rocky all over again.

Rocky XII.

iheartphilly · #**16551** Posted **Jan 3, 2018, 10:00 PM**

Quote:

Originally Posted by Redddog

This is like Rocky all over again.

Rocky XII.

I hope it is too. It would shut up all the naysayers!

jjv007 · #**16552** Posted **Jan 3, 2018, 10:46 PM**

Quote:

Originally Posted by Redddog

This is like Rocky all over again.

Rocky XII.

Well Creed 2 is gonna be equivalent to Rocky VIII.
Then we have "Drago's Demise" as Rocky IX.
"Rocky's Funeral" as Rocky X.
"Rocky's Resurrection" as Rocky XI.
"Rocky's Run Up the Stairs at 100 years old to lure Amazon works like a charm So They Come here and Make Rocky CEO" as Rocky XII.
Sounds about right.

christof · #**16553** Posted **Jan 3, 2018, 11:24 PM**

Which movie has Rocky as a harasser?

City Wide · #**16554** Posted **Jan 4, 2018, 12:50 AM**

Quote:

Originally Posted by Redddog

I work out in Denver about 2 weeks a month. The people there are completely convinced that not only is it going there but that there is no other reasonable competition. It's super annoying.

What's the reasoning behind their thinking?
Not that Amazon is going to base their decision on 'reason' alone!

SEFTA · #**16555** Posted **Jan 4, 2018, 3:25 AM**

Maybe it's people in places like Denver who believe in their city, as opposed to certain Negadelphians. When it comes down to it, we're all guessing, so to say emphatically that it's not coming here is just boneheaded.

jjv007 · #**16556** Posted **Jan 4, 2018, 8:20 AM**

Quote:

Originally Posted by christof

Which movie has Rocky as a harasser?

Rocky the 13th. It will be branded as horror.

thisisforreal · #**16557** Posted **Jan 4, 2018, 1:53 PM**

As long as we're veering into off-topic territory like this, there was an article last week in the Washington Post showing how we've lost our Wendy's edge to DC.

iheartphilly · #**16558** Posted **Jan 4, 2018, 1:57 PM**

Quote:

Originally Posted by thisisforreal

As long as we're veering into off-topic territory like this, there was an article last week in the Washington Post showing how we've lost our Wendy's edge to DC.

ha.ha. sorry, can't do Wendy's anymore after having a smashburger in the area. Damn, they are good. Smashburger should expand in the city proper. They don't take up too much retail space so they could fit where all the new construction with ground floor retail is offered and available. I think they would be a hit.

Frontst17 · #**16559** Posted **Jan 4, 2018, 2:53 PM**

My buddy lived a few blocks from that Wendy's in DC. It alone creates such a traffic mess every morning. They've added hundreds of apartments to the immediate area in the past few years

Capsule F · #**16560** Posted **Jan 4, 2018, 3:20 PM**

Quote:

Originally Posted by 3rd&Brown

If you go by the requirements in the RFP, our chances are better than 97% of the other cities out there.

We're definitely a better / more logical choice than Pittsburgh.

Atlanta is the real contender.

Austin is where the Press wants HQ2 to go, because, Austin. And the Press. And why wouldn't their narrative and need for self-fulfillment supercede Amazon's own stated requirements.

For all intents and purposes, Austin is a slightly more urbanized version of Nashville.

Most Austin and Atlanta have mind-boggling bad traffic and almost zero rail infrastructure. Atlanta at least has some.

We'll see.

I agree I actually think we have a decent chance, but that was one of those situations where someone makes a pick based on odds and then acts like a genius when they are right.

"I told ya, Patriots beat the Browns omg I was so right I'm amazing!"

Anyways, if the Amazon headquarters selection were like this years NFL playoffs I would compare Philadelphia to a team like the Rams, potential dark horse winner.