Quote:
Originally Posted by 3rd&Brown
TBH, I really only care if it's a commercial/office project. If it's a tall residential tower, aren't they a dime a dozen these days?
The candidates are:
Comcast III
Chubb
Go Puff (though it feels like they are firmly ensconced east of Broad, which I like)
Some random biotech/pharma company planting a presence here to be in the midst of the gene therapy revolution in West Philly (I say leading contender is Roche)
Some random NY company that has realized it doesn't need to be in NY anymore.
On the latter note, as of recently, my (NY based) office has re-defined it's "local" recruiting zone for job searches as Philadelphia to New Haven CT now that there is less pressure to come into the office every day. Obviously done also to increase recruiting pool as things are tight for everyone. But of note, people who live in Philadelphia are defined as "local" and paid NY wages.
We've hired 4 Philly based people in the last few months and none are moving (to NYC). 2 of us also moved to Philly during the pandemic, so there are 6 out of 200 (that I know of, I know like 25% of my office) doing this.
It doesn't sound like a lot but 3% of all the jobs in NYC is a lot of jobs if the same pattern is happening at many employers.
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Interesting educated guesses. Isn't Spark owned by Roche? Perhaps its the planned facility in U City, or Roche deciding to expand here along with Spark?
Interesting last point. My company of about 150 people nationwide with 75 in New York had 2 people move to Philadelphia last year, but "report" to the NYC office, (never happened before Covid). We do not have a presence in Philadelphia, but have area clients. There is a group of 3-5 in NYC (along with the 2 in Philly) that made it clear they would be happy to open a permanent Philadelphia branch, salaries would not change. The partners are open to the idea, but more focused on the West Coast at the moment. But as you said, a little here a little there becomes a lot.
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