PHILADELPHIA | Highrise Development Thread X

[Nova08]

GoPuff operates out of 30,000 sq ft. Are they really going to increase that exponentially?

[PHLtoNYC]

Originally Posted by 3rd&Brown

We'll see. They seem attached to Northern Liberties/Callowhill for some reason. There's a version of Liberties Walk 2.0 floating around that involves an office building on 2nd Street. I've always suspected it was being spec'd for them. There's also a good amount of office space in the Lubert Adler Power Station redo and apparently it's already leased. I've thought that could be them as well. There could be a version of their growth that involves a sort of sprawling South Lake Union-type office district in the Callowhill zone between Spring Garden and Callowhill.

Do they have the need for a skyscraper? I know they need warehouse space for products, but is their corporate employee count expected to substantially increase?

[EastSideHBG]

Originally Posted by 3rd&Brown

A lot of people who live outside of Center City work in the suburbs. When I lived there, I worked in Mercer County.

The El doesn't go there.

But but the world is supposed to begin/end within city limits and you should not have a need to work, shop, play outside of your neighborhood and if you can't get there via the El than you just shouldn't go there.

[3rd&Brown]

Originally Posted by mcgrath618

I wasn’t aware of PepBoys moving. Do you have any further reading about that?

I misspoke. I used PepBoys as a reference point because it's in the general area. It's the Budd Campus that is being re-purposed.

[summersm343]

CEO Stephen Hurly explains why Lava Therapeutics chose Philadelphia over Boston

Lava Therapeutics, a Netherlands biotechnology company that has its U.S. headquarters in Philadelphia, is one of six life sciences companies with strong ties to the region that have gone public this year through initial public stock offerings. The company raised $107 million from an IPO in March to advance its technology platform for treating cancer by harnessing the unique properties of gamma-delta T cells, which are the natural surveillance cells of the immune system.

Lava (NASDAQ: LVTX) CEO Stephen Hurly recently sat down with Philadelphia Business Journal health care reporter John George to talk about the IPO, the company's lead product candidates, and why it set up shop here.

Why did the company establish its U.S. headquarters in Philadelphia?

I'm a native Philadelphian – well, I'm from Downingtown. I spent time in California, Chicago, Boston, New York, but then I came home. Trying to get Eagles green out of your blood is hard. When I was actually offered the CEO job at Lava, it was going to mean moving to the Netherlands. After my wife and kids [balked at moving], I went back to the company and said Philadelphia is a great place to have a life sciences company. I had to educate them a bit, to be sure. They thought we should be in Boston. I said the cost is twice as high. The ability to keep quality people in Boston is impossible because they're constantly walking across the hallway to the next company. And the level of talent here on the clinical side and the regulatory side is second to none. They agreed to put [the U.S. headquarters] here and it has really worked out great for us.

Is Lava operating as a virtual company during the pandemic or do you have a physical location?

We're doing quite well in the virtual world, but we're also preparing to be on the other side of [the pandemic]. We just signed a lease for space at the Penn Mutual Building in Washington Square, and over the coming weeks we will start going into the office on a gradual basis.

The company was at around 35 employees at the time of the IPO, and now we're at about 55 employees with about a dozen or so in the Philadelphia area. Ultimately, we will be at about 75 employees, with probably 75% in The Netherlands.

Article behind paywall here:
https://www.bizjournals.com/philadelphia...cx_testVariant=cx_8&cx_artPos=2#cxrecs_s

[summersm343]

How the Philadelphia region will benefit from Biden’s infrastructure bill

Roads, bridges, and public transit are infrastructure, but so are habitat for South Jersey box turtles and a freshwater tidal marsh in the John Heinz National Wildlife Refuge.

The $1 trillion federal infrastructure spending bill, finally coughed up by Congress and awaiting President Joe Biden’s signature, will invest billions in the Philadelphia region and across the United States. It will be the nation’s largest burst of infrastructure spending in decades.

Here’s how the region expects to benefit from the infrastructure bill:

Pennsylvania
$11.3 billion for highway work and $1.6 billion to replace and repair deficient bridges over five years, per the White House and state officials. About 13%, or 4,217, of Pennsylvania bridges on state, local, and federal highways are in “poor”condition, PennDot says. An estimated 7,540 miles of highway need repair.

$2.8 billion over five years to improve public transportation statewide, including SEPTA.

SEPTA
An extra $120 million in federal money this year, the transit authority estimates. That is on top of about $300 million SEPTA would get under existing formulas for U.S. aid to transit, reauthorized as part of the infrastructure bill.

By the 2026 fiscal year, SEPTA could have received a cumulative $540 million, in addition to its normal allotment of formula-based aid.

One important thing: SEPTA now has certainty for the next five years about its level of federal support, which will help planning.

In addition, SEPTA expects to compete for grants from the $1.75 billion All Stations Accessibility Program to retrofit older transit stations for people with disabilities. Any awards would accelerate an ongoing program to make accessible all stations on the Broad Street and Market-Frankford Lines.

SEPTA also wants to win money from a Federal Transit Administration discretionary grant program to spend on two top projects — the planned $1.8 billion modernization of its trolley network and planned $2 billion expansion of light-rail service to King of Prussia.

Federal grants require states and localities to put up matching funds.

New Jersey
$6.9 billion for highways and $1.1 billion for bridge repairs and replacement, according to the White House.

$4.2 billion for transit over the next five years, including NJ Transit. About 25% of New Jersey’s transit buses and trains are in need of replacement, the state says.

Among the state’s transportation priorities: $72 million needed to help complete the $900 million project connecting I-295, I-76, and Route 42 in Camden County.

$8 billion more toward the Gateway Project to improve Northeast Corridor rail connections between New Jersey and New York. Plans are to build a new two-track tunnel under the Hudson River and repair the existing tunnel, which is 100 years old and was damaged by Hurricane Sandy. Some bridges in North Jersey would also be repaired.

$30 billion from an Amtrak Northeast Corridor improvement program could also go toward the massive Gateway Project. Faster trips on the corridor would benefit New Jersey’s economy as well as Southeastern Pennsylvania’s.

Reconnecting Communities
The $1 billion would fund a grant program for planning and construction of projects to reconnect communities. It was whittled down from Biden’s initial proposal of $20 billion. “This is a great start,” Evans said.

$4 billion for the same purpose is included in the pending Build Back Better Act, a second proposed installment of infrastructure and social spending that is now the subject of intense congressional negotiations.

Communities and states would compete for a share of the money for highway removal. As currently drafted, the legislation gives Secretary of Transportation Pete Buttigieg wide latitude to make the grant awards.

Delaware River watershed
$26 million in supplemental funding over five years to help with wildlife conservation and environmental programs — a windfall of $5.2 million annually for the Delaware River Basin Restoration Program. The restoration program was created in 2016 and is managed by the U.S. Fish and Wildlife Service.

Read/view more here:
https://www.inquirer.com/transportation/...iladelphia-pennsylvania-nj-20211109.html

[summersm343]

Philadelphia Region

County - 2010 population - 2020 population - growth percentage over the decade

MSA Counties

Philadelphia County, PA (City of Philadelphia) - 1,526,006 - 1,603,797 - +5.1%
Montgomery County, PA - 799,884 - 856,553 - +7.1%
Delaware County, PA - 558,979 - 576,830 - +3.2%
Chester County, PA - 498,886 - 534,413 - +7.1%
Bucks County, PA - 625,249 - 646,538 - +3.4%
Burlington County, NJ - 448,734 - 461,860 - +2.9%
Camden County, NJ - 513,657- 523,485 - +1.9%
Gloucester County, NJ - 288,288 - 302,294 - +4.9%
Salem County, NJ - 66,083 - 64,837 - -1.9%
New Castle County, DE - 538,479 - 570,719 - +6%
Cecil County, MD - 101,108 - 103,725 - +2.6%

MSA Total Population - 5,965,343 - 6,245,051 - +4.69%

CSA Counties

Berks County, PA - 411,442 - 428,849 - +4.2%
Atlantic County, NJ - 274,549 - 269,534 - -1.9%
Cape May County, NJ - 97,265 - 95,263 - -2.1%
Cumberland County, NJ - 156,898 - 154,152 - -1.8%
Kent County, DE - 162,310 - 181,851 - +12%

CSA Total Population - 7,067,807 - 7,379,700 - +4.41

[ok-ez]

gopuff bought 400 N 6th but probably for a warehouse and not a skyscraper, edit maybe leased. I've driven by another one of their fulfillment spots on cottman. I'm sure they're goal is more fulfillment and not skyscrapers.

Originally Posted by PHLtoNYC

Quote:
Originally Posted by 3rd&Brown View Post
We'll see. They seem attached to Northern Liberties/Callowhill for some reason. There's a version of Liberties Walk 2.0 floating around that involves an office building on 2nd Street. I've always suspected it was being spec'd for them. There's also a good amount of office space in the Lubert Adler Power Station redo and apparently it's already leased. I've thought that could be them as well. There could be a version of their growth that involves a sort of sprawling South Lake Union-type office district in the Callowhill zone between Spring Garden and Callowhill.
Do they have the need for a skyscraper? I know they need warehouse space for products, but is their corporate employee count expected to substantially increase?

[ok-ez]

Originally Posted by philly_account12

Parking has been fine? I live in NoLibs so I obviously have different parking needs than visitors to the neighborhood, but incredibly difficult is not how I would describe the parking situation here. It can be bad on Thu/Fri/Sat nights and when events are happening on the weekend, but thats nothing new.

pretty sure it's gonna get tougher with 1000s of units coming, lived here a long time and still driving to work. I know what prole right?

re: liberties walk. post brothers bro owner said at a neighborhood meeting they were shopping the 2nd st portion of liberties walk around as life sciences, I guess that's evident in the rendering with the big floor plans

[PHLtoNYC]

I noticed this bit of info in the 9/13 minutes from the CCRA:

c. Broad and Lombard/South Streets – Rick G. reported that The Goldenberg Group is
going forward with plans to develop two residential towers with street level space for
the arts on Broad Street between Lombard and South Streets. The property includes an
historically designated building. A new taskforce will be appointed.

Is this just a repeat entry or Goldenberg is actually moving forward with something?

[summersm343]

^^nice, love it! If they’re recent minutes then it has to be new information.

[PHLtoNYC]

7 dream projects to improve Philly under the new infrastructure bill | Rebuilding Philly

https://www.inquirer.com/opinion/comment...PquAIBu5-nBLloAKLMyPx_rI1PiNf744rS7c1y6I

Some of these are dreams, but this list should be sent to City Council as an example of what real vision is.
We need to cap the Vine too.

Sink I-95
Erase the sins of I-95 along the central Delaware riverfront as the highway in this area is reaching its 50-year built-in obsolescence.

Connect the former PES refinery with Point Breeze
Create a public-private partnership to position the 1,400-acre former oil refinery on the Lower Schuylkill for the future.

The Northeast Corridor
Remediate the acres upon acres of abandoned factories in North Philadelphia along the Amtrak line to New York.

Rethinking SEPTA
This is our chance to create a truly modern 21st century transit system. Think of high-speed transit to King of Prussia hugging the Schuylkill Expressway.

Development at 30th Street Station
Sink the SEPTA rail lines at 30th Street and create a grade-level crossing from University City to the 88-acres of new development sites in the rail yards.

The Lehigh Viaduct
Create a sweeping, democratic green space from deep in the heart of postindustrial North Philadelphia to the Delaware River at the Port Richmond rail yards.

Rails to trails
Activate the 77 miles of abandoned or underutilized rail beds across Philadelphia.

[mcgrath618]

Incredibly annoyed that none of those even consider expanding our subway network.

[3rd&Brown]

Originally Posted by mcgrath618

Incredibly annoyed that none of those even consider expanding our subway network.

Same. At a minimum an extension to the Navy Yard. And reducing headways on Regional Rail trips within city limits to offer more subway like service.

Rail along the Schuykill expressway. LOL. Like Gladwyne would ever let that happen, and a complete waste of money.

[arkitect13]

If we wanted to send that to councilmembers who would it be sent too? Theres 2 comittes I see, district council members and the council members at large, is there a way to contact them all at once?

[City Wide]

Originally Posted by PHLtoNYC

I noticed this bit of info in the 9/13 minutes from the CCRA:

Is this just a repeat entry or Goldenberg is actually moving forward with something?

Goldenberg actually building something? Dream on. One question with their track record of doing little to nothing, why does the City still allow them to bid on projects?

[summersm343]

Originally Posted by City Wide

Goldenberg actually building something? Dream on. One question with their track record of doing little to nothing, why does the City still allow them to bid on projects?

Didn’t Goldenberg build 1213 Walnut? They also built 3 high rises up by Temple.

[mcgrath618]

Originally Posted by summersm343

Didn’t Goldenberg build 1213 Walnut? They also built 3 high rises up by Temple.

Good memory Summers.
https://skyscraperpage.com/forum/showthread.php?t=201859

[ok-ez]

Originally Posted by 3rd&Brown

Same. At a minimum an extension to the Navy Yard. And reducing headways on Regional Rail trips within city limits to offer more subway like service.

Rail along the Schuykill expressway. LOL. Like Gladwyne would ever let that happen, and a complete waste of money.

I still say no to an extension to the navy yard. a billion dollars to somewhere no one lives yet and it is still just a tax dodge for a few companies with one of the big ones leaving. I hope it makes sense in the future but don't think it does now

[mcgrath618]

Originally Posted by ok-ez

I still say no to an extension to the navy yard. a billion dollars to somewhere no one lives yet and it is still just a tax dodge for a few companies with one of the big ones leaving. I hope it makes sense in the future but don't think it does now

The idea is to build it now, giving it access and some ridership, so that when the residential towers are online, the people moving in already have access to the subway.

Build for the city of tomorrow, not the city of today.