PHILADELPHIA | Lowrise/General Developments Thread II

[Knight Hospitaller]

Originally Posted by El Duderino

Several hundred more of these across the city, please.

Indeed. Low budget cornices are better than none.

[skyhigh07]

Originally Posted by PHLJD13

It remains closed today.

https://www.nbcphiladelphia.com/news...macys/3713663/

Of course, the typical folks just pretend like nothing happened or will rationalize it or lie to protect their failed policies that they support. It’s all so sad and dishonest. They should be ashamed but they aren’t and never will be.

Getting away from politics and the unfortunate loss of life for a young man tying to do the right thing, it’d be a pretty big blow for Center City if Macy’s pulled out - they haven’t exactly been doing well lately.

[therealdawk]

Originally Posted by skyhigh07

Of course, the typical folks just pretend like nothing happened or will rationalize it or lie to protect their failed policies that they support. It’s all so sad and dishonest. They should be ashamed but they aren’t and never will be.

Getting away from politics and the unfortunate loss of life for a young man tying to do the right thing, it’d be a pretty big blow for Center City if Macy’s pulled out - they haven’t exactly been doing well lately.

Lord forbid that Macy's pulls out and a tenant the equivalent of Shoppers World moves in.

Just typing that will probably give me nightmares.

[skyhigh07]

Originally Posted by therealdawk

Lord forbid that Macy's pulls out and a tenant the equivalent of Shoppers World moves in.

Just typing that will probably give me nightmares.

Shopper’s World if we’re lucky. The entire building has been struggling with leasing since the pandemic due work from home and configuration issues. Worst possibility is that it becomes a white elephant for years like the Drexel Building, just on a much larger scale and in a worse area.

[Redddog]

Originally Posted by skyhigh07

Shopper’s World if we’re lucky. The entire building has been struggling with leasing since the pandemic due work from home and configuration issues. Worst possibility is that it becomes a white elephant for years like the Drexel Building, just on a much larger scale and in a worse area.

A Home Depot would kill there.

[skyhigh07]

Originally Posted by Redddog

A Home Depot would kill there.

Ya thieves wouldn’t have to steal from construction sites anymore

[Jayfar]

Originally Posted by PHLJD13

It remains closed today.

https://www.nbcphiladelphia.com/news...macys/3713663/

Wow! Surprising, especially during the crucial holiday shopping period. The NBC10 article says they’ll reopen on Wednesday.

[Jayfar]

Originally Posted by skyhigh07

Shopper’s World if we’re lucky. The entire building has been struggling with leasing since the pandemic due work from home and configuration issues. Worst possibility is that it becomes a white elephant for years like the Drexel Building, just on a much larger scale and in a worse area.

The struggling office floors of the Wanamaker building are under completely different ownership than the retail space with no direct relation to Macys. Macys has a long-term lease.

From 2019: Owner of Grand Central Terminal in NYC becomes Macy’s new landlord at historic Wanamaker Building | Inquirer.com

TF Cornerstone, an owner of Grand Central Terminal, has purchased the section of Center City’s Wanamaker Building occupied by Macy’s. It’s the New York company’s first Philadelphia acquisition.
TF Cornerstone Inc., a major property holder in New York, closed on the 435,000-square-foot, three-story portion of the property earlier this month [December 2019], a spokesperson said. The price was not disclosed.

[skyhigh07]

Originally Posted by Jayfar

The struggling office floors of the Wanamaker building are under completely different ownership than the retail space with no direct relation to Macys. Macys has a long-term lease.

From 2019: Owner of Grand Central Terminal in NYC becomes Macy’s new landlord at historic Wanamaker Building | Inquirer.com

TF Cornerstone, an owner of Grand Central Terminal, has purchased the section of Center City’s Wanamaker Building occupied by Macy’s. It’s the New York company’s first Philadelphia acquisition.
TF Cornerstone Inc., a major property holder in New York, closed on the 435,000-square-foot, three-story portion of the property earlier this month [December 2019], a spokesperson said. The price was not disclosed.

I realize that Jay.The Macy’s interior makes it difficult for the entire building to be converted for residential or another use. My point is the entire building has issues, keeping Macy’s around is just one of them. Their lease is set to expire in the near future and this incident certainly isn’t a selling factor…

[PHLtoNYC]

Originally Posted by skyhigh07

I realize that Jay.The Macy’s interior makes it difficult for the entire building to be converted for residential or another use. My point is the entire building has issues, keeping Macy’s around is just one of them. Their lease is set to expire in the near future and this incident certainly isn’t a selling factor…

October 2027, and I imagine Macy's would make it known 1-year prior if they were closing. That is a ways off, and while this murder is tragic and more bad press for the city, I doubt it would weigh into the decision to close 2-3 years later.

Pre-Covid, the Center City Macy's was one of their high performing stores, I don't know the more recent stats.

[PhillyPDX]

Originally Posted by PHLtoNYC

October 2027, and I imagine Macy's would make it known 1-year prior if they were closing. That is a ways off, and while this murder is tragic and more bad press for the city, I doubt it would weigh into the decision to close 2-3 years later.

Pre-Covid, the Center City Macy's was one of their high performing stores, I don't know the more recent stats.

The Army Corps left the Wanamaker building late last year. Over 300 employees. Moved up to 1650 Arch. I assume they were one of the bigger non-Macys tenants in that building.

[BroadandMarket]

I saw these on Twitter and thought they looked awesome. Septa is on the right path, just get the real time train arrival going, new turnstiles to prevent fare evasion and clean it up. Obviously the latter part is on the city. We cannot continue to let Septa tackle the opioid crisis.
https://x.com/StreetsDept/status/173...377949335?s=20

[cardeza]

when is the headhouse going to be done???

[Broadcastthatboom]

Overall it looks really good!

Though, are they going to end up changing those big 'MARKET' 'FRANKFORD' signs by the stairs since they're rebranding to the new 'L' wayfinding next year?

[ScreamShatter]

Big improvement. Septa should study the new Amsterdam airport design. It’s modern/industrial and has an amazing flow through it. Definitely inspiration for them.

[begoonie]

One of the best parts are the floor tiles. They have a roughness to them so that when it rains or snows they are not so slippy.

[gjrip]

Yeah that looks really excellent.

[jaysb]

Interesting article on Keystone Development Zones.
https://billypenn.com/2023/12/05/tax...one-explainer/
I generally think these are good when there is a finite period of benefit, but it appears these seriously lack oversight and accountability. Curious if there's another side not presented here.

[3rd&Brown]

Surprised nobody posted this yet:

https://www.inquirer.com/news/philad...-20231207.html

Mostly good news. Although the Inquirer's take is about inequality (of course), it also is more positive than previous takes and presentations on this data, rightly acknowledging incomes in the city have gone up significantly in the last ten years (even adjusted for inflation) and that some poor areas are seeing significant increases in incomes.

Northern Liberties now has the highest household incomes in the city and a retail corridor that looks nothing like it should to support that.

Compared with the Census’ ACS data from 10 years ago, Fishtown/Northern Liberties’ median income ballooned 64%, while Schuylkill/Southwest Center City’s grew 51%.

Bella Vista/Southwark and Point Breeze also saw gains — with households in the latter seeing a whopping 110% increase in median income over the decade.

An acknowledgement of an improvement in circumstances for some of Philadelphia's poorest areas:

Fairhill, while ranking among the city’s poorest neighborhoods, has a median household income that has increased notably over the past decade, shooting up 61%.

That rate not only rivals Fishtown/Northern Liberties’ maturation, but was greater than the growth of Schuykill/Southwest Center City.

But for Maria Gonzalez, the president of the community development group HACE, the figure stirs a sense of alarm.

Gentrification by way of wealthier neighborhoods near Fairhill’s borders, Gonzalez said, is skewing household income upward yet leaving longtime residents — especially those who don’t own their homes — vulnerable.

I think this assessment is not entirely true. Fairhill is still quite far from the line of demarcation for gentrification in most areas. It's above Lehigh Avenue and pretty far west of the El. It could also just be that Latinos in the city experienced the largest jump in average household incomes (31%) of all ethnic groups and that's something to be celebrated.

'

[cardeza]

There is a tower crane up for the lab project at 22nd and market across from the new morgan lewis building. Im pretty sure its not a high rise so no thread for that.