PHILADELPHIA | Schuylkill Yards Future Phases | 1,095 - 375 FT | 70 - 28 FLOORS

[City Wide]

Originally Posted by domodeez

Any chance Vanguard goes in a new direction and expands its existing Philly presence to a bigger footprint in SY following the passing of Jack Bogle?

I'm waiting for the announcement any day now that Vanguard is going to double their Philly footprint, from 20 to 40 people within the next decade. Mean while out in the suburbs they might add that many people on a slow afternoon.

[Nova08]

Originally Posted by City Wide

I'm waiting for the announcement any day now that Vanguard is going to double their Philly footprint, from 20 to 40 people within the next decade. Mean while out in the suburbs they might add that many people on a slow afternoon.

Has anyone been in the Vanguard Philly Innovation center? What is it?

[iheartphilly]

Originally Posted by Nova08

Has anyone been in the Vanguard Philly Innovation center? What is it?

https://pressroom.vanguard.com/news/Vanguard-To-Open-Innovation-Center-11-02-16.html

[City Wide]

Originally Posted by iheartphilly

https://pressroom.vanguard.com/news/Vanguard-To-Open-Innovation-Center-11-02-16.html

That says absolutely nothing, except a hopeful opening date.

[El Duderino]

Originally Posted by City Wide

That says absolutely nothing, except a hopeful opening date.

Many corporations have teams dedicated to figuring out strategic ways to leverage technology to advance their business, often times off-site or in a satellite office. seems like this office is dedicated to those type of initiatives. urban locations are often picked to help draw the type of talent they are looking for (which is not to say that approach is fully effective or successful).

Wish there were pics, tho.

[Nova08]

Originally Posted by El Duderino

Many corporations have teams dedicated to figuring out strategic ways to leverage technology to advance their business, often times off-site or in a satellite office. seems like this office is dedicated to those type of initiatives. urban locations are often picked to help draw the type of talent they are looking for (which is not to say that approach is fully effective or successful).

Wish there were pics, tho.

I asked because I question if the office is just a means to meet with clients (personal and commercial) in the city rather than out in the suburbs.

The article mentioned that they want to expand the employee count, but I have a hard time believing that it's a major tool for drawing talent when 99.99% of Vanguard's employees will never work there. If they planned for it to become a 500+ person beachhead, then I'd have a different opinion.

[New2Fishtown]

Originally Posted by iheartphilly

https://pressroom.vanguard.com/news/Vanguard-To-Open-Innovation-Center-11-02-16.html

It is the top floor of 2300 Chestnut. Vanguard leased that floor when Knoll furniture moved out. It is a very brick-and-beam, funky space, and they have options to expand in the building if space becomes available. I can't speak to what the innovation center seeks to do, but it's been open since early 2017. It has nothing to do with Schuylkill Yards and is not necessarily an indicator of when or to what extent they would grow a Center City footprint.

[iheartphilly]

Originally Posted by Nova08

I asked because I question if the office is just a means to meet with clients (personal and commercial) in the city rather than out in the suburbs.

The article mentioned that they want to expand the employee count, but I have a hard time believing that it's a major tool for drawing talent when 99.99% of Vanguard's employees will never work there. If they planned for it to become a 500+ person beachhead, then I'd have a different opinion.

Vanguard doesn't meet with retail clients. It's doesn't have retail branches where clients come in to discuss their holdings. They do that by phone.

And, if companies that they invest in want a meeting, they will go to the main corporate office for those needs.

[iheartphilly]

Originally Posted by New2Fishtown

It is the top floor of 2300 Chestnut. Vanguard leased that floor when Knoll furniture moved out. It is a very brick-and-beam, funky space, and they have options to expand in the building if space becomes available. I can't speak to what the innovation center seeks to do, but it's been open since early 2017. It has nothing to do with Schuylkill Yards and is not necessarily an indicator of when or to what extent they would grow a Center City footprint.

Completely agree. Would have to see how the top floor is set up to say what exactly they do and the titles of the people that are employed there. Maybe they discuss trading algorithms there, but I have my doubts any trading is executed at this location.

[Capsule F]

Originally Posted by iheartphilly

Completely agree. Would have to see how the top floor is set up to say what exactly they do and the titles of the people that are employed there. Maybe they discuss trading algorithms there, but I have my doubts any trading is executed at this location.

They build fintech and apps up there.

[iheartphilly]

Originally Posted by Capsule F

They build fintech and apps up there.

Cool. They have two apps that I'm aware of.

[TempleGuy1000]

https://twitter.com/schuylkillyards/status/1106606216577462272

[wanderer34]

Originally Posted by Boku

You are literally the only person here who talks about the ACC.

I'm probably the only person on this site who's posted about this topic: http://forum.skyscraperpage.com/showthread.php?t=238131

And from what I've seen on the polls thus far, it's highly disappointing that we don't have as much of an international presence as this city should have, but then again, I don't really blame Canada, the Dominican Republic, Germany, France, Venezuela, Chile, and Israel for closing their consulates in Philadelphia because Philadelphia has proven time and time again that it's just not on the level of cities like SF, DC, Atlanta, Boston, and Miami.

Schuylkill Yards is a nice proposal, but I can see only 30% of the entire proposal being completed because there's just very little demand new new office buildings in the city. Do I want to see the entire Powelton Yards completed from Arch St to Spring Garden St? Absolutely! But the reality is that there's just no huge demand for more office space at this moment, and while many of us can blame the Recession of 2008 why many projects (Trump Tower Philadelphia, Mandeville Place, half of Waterfront Square) didn't get completed, I also feel there's just an air of apathy on this city that just doesn't want to be a better city despite the Eagles winning the Super Bowl.

I foresee the end of the 2020's as being the end of Philadelphia being knocked out of the Top 10 of American cities. Cities like Phoenix, San Antonio, San Diego, Dallas, Austin, San Jose, and possibly Charlotte and Fort Worth are going to surpass Philadelphia if not in importance, then definitely in population, and take it that I'm being negative, but the proof is on the wall and Philadelphia and Pennsylvania had enough time to fix it's business and income tax structure, and they continue to disregard problems with it's tax structures. Now I know why people are moving down South and out West and it has nothing to do with the weather, it's because the city just cannot compete with other cities, especially when they're in states where there's no state income tax, and there's more favorable business environments. Philadelphia will still continue to grow, but I don't know if it can attract more people like what San Antonio and Austin is doing right now!!!

[phishtown]

So much pessimism here, but at least we have some new trees. Not the best pic but we just drove by.

[Capsule F]

Originally Posted by wanderer34

I'm probably the only person on this site who's posted about this topic: http://forum.skyscraperpage.com/showthread.php?t=238131

And from what I've seen on the polls thus far, it's highly disappointing that we don't have as much of an international presence as this city should have, but then again, I don't really blame Canada, the Dominican Republic, Germany, France, Venezuela, Chile, and Israel for closing their consulates in Philadelphia because Philadelphia has proven time and time again that it's just not on the level of cities like SF, DC, Atlanta, Boston, and Miami.

Schuylkill Yards is a nice proposal, but I can see only 30% of the entire proposal being completed because there's just very little demand new new office buildings in the city. Do I want to see the entire Powelton Yards completed from Arch St to Spring Garden St? Absolutely! But the reality is that there's just no huge demand for more office space at this moment, and while many of us can blame the Recession of 2008 why many projects (Trump Tower Philadelphia, Mandeville Place, half of Waterfront Square) didn't get completed, I also feel there's just an air of apathy on this city that just doesn't want to be a better city despite the Eagles winning the Super Bowl.

I foresee the end of the 2020's as being the end of Philadelphia being knocked out of the Top 10 of American cities. Cities like Phoenix, San Antonio, San Diego, Dallas, Austin, San Jose, and possibly Charlotte and Fort Worth are going to surpass Philadelphia if not in importance, then definitely in population, and take it that I'm being negative, but the proof is on the wall and Philadelphia and Pennsylvania had enough time to fix it's business and income tax structure, and they continue to disregard problems with it's tax structures. Now I know why people are moving down South and out West and it has nothing to do with the weather, it's because the city just cannot compete with other cities, especially when they're in states where there's no state income tax, and there's more favorable business environments. Philadelphia will still continue to grow, but I don't know if it can attract more people like what San Antonio and Austin is doing right now!!!

Dude just gtfo. Philadelphia had a boom period several decades ago, these trash cities you describe are having their boom period now. Its only a matter of time before the tables turn and Philly booms again. I promise you that critical mass in NYC and DC will lead to a major boom in Philly its just a matter of time.

Your negativity is unnecessary, you interpret everything in the worst possible way. These scum cities you describe need 30 - 40 years just to catch up with philly's density and transit, its alot easier to rennovate massive infrastructure than build from scratch.

You are lost. Consulates have closed solely because of our location between NYC and DC.

[SJPhillyBoy]

Originally Posted by Capsule F

Dude just gtfo. Philadelphia had a boom period several decades ago, these trash cities you describe are having their boom period now. Its only a matter of time before the tables turn and Philly booms again. I promise you that critical mass in NYC and DC will lead to a major boom in Philly its just a matter of time.

Your negativity is unnecessary, you interpret everything in the worst possible way. These scum cities you describe need 30 - 40 years just to catch up with philly's density and transit, its alot easier to rennovate massive infrastructure than build from scratch.

You are lost. Consulates have closed solely because of our location between NYC and DC.

[jsbrook]

Originally Posted by Capsule F

Dude just gtfo. Philadelphia had a boom period several decades ago, these trash cities you describe are having their boom period now. Its only a matter of time before the tables turn and Philly booms again. I promise you that critical mass in NYC and DC will lead to a major boom in Philly its just a matter of time.

Your negativity is unnecessary, you interpret everything in the worst possible way. These scum cities you describe need 30 - 40 years just to catch up with philly's density and transit, its alot easier to rennovate massive infrastructure than build from scratch.

You are lost. Consulates have closed solely because of our location between NYC and DC.

[iheartphilly]

Thank gawd that spat is over.

[Philly Fan]

Originally Posted by iheartphilly

Thank gawd that spat is over.

You just spit on that spat.

[iheartphilly]

Originally Posted by Philly Fan

You just spit on that spat.

uh-huh.