PHILADELPHIA | Lowrise/General Developments Thread II - Page 186

yuryphilly · #**3701** Posted **Feb 23, 2024, 5:42 PM**

OCF's condo building on Washington ave is close to completion (former chocolate factory site?)

Steel frame goes up for the apartment building on 18th and Washington

MadhattersLT · #**3702** Posted **Feb 24, 2024, 3:54 PM**

McDonalds Replacement In University City, Only did a drive by apologies for the poor quality.

IMG_3214 by Justin Heger, on Flickr

TK2001 · #**3703** Posted **Feb 25, 2024, 1:24 PM**

2300 Market Street by Philly SkyGuy, on Flickr

MadhattersLT · #**3704** Posted **Feb 25, 2024, 2:01 PM**

IMG_3245 by Justin Heger, on Flickr

PHLtoNYC · #**3705** Posted **Feb 27, 2024, 4:09 PM**

Center City gets a flood of new apartments, and a population to match
https://www.bizjournals.com/philadel...ng-supply.html

The population of Greater Center City — defined as the area from Girard Avenue to Tasker Street between the Delaware and Schuylkill rivers — increased by 26% to 188,741 between 2011 and 2022, according to U.S. Census Bureau data compiled by Center City District. During that same time period, the number of housing units downtown increased by 24%.

In the past four years alone, Greater Center City’s residential population has increased by 3% as development of new housing has accelerated with 7,429 units built since 2021.

Another 7,181 housing units are in the works, according to Center City District, providing room for the downtown population to keep growing. The combination of low interest rates and the scaling back of the city’s 10-year tax abatement for new development at the end of 2021 led to the unprecedented boom in new multifamily projects. The surging supply of apartments puts Philadelphia in uncharted territory and raises the question of how all the new housing in Center City will be filled.

From 2021 to 2023, 53% of people moving into Greater Center City came from elsewhere in Pennsylvania, according to anonymized cell phone data from Placer.ai. The next most common states people relocated from were New York (15%), Florida (8%) and Delaware (6%).

While it’s uncertain if Greater Center City’s population will keep rising to match the next wave of more than 7,000 housing units, the construction slowdown that is expected to follow should give it time to catch up if needed. Developers accelerated existing projects to take advantage of the expiring 10-year tax abatement, leading to the current construction boom, but high interest rates have since forced many new projects to be delayed or abandoned.

“A lot of apartment developers and investors aren’t seeing projects pencil out,” Randall said. “This idea of 7,000 in the pipeline, 7,000 more on the way, that doesn’t mean there’s another 7,000 behind that. There’s going to be a period of 12 to 24 to 36 months I would guess where we’re really going to see the pipeline of projects slow down. I think that just builds in the time for us to play catch-up if in fact we have to.”

BroadandMarket · #**3706** Posted **Feb 27, 2024, 4:58 PM**

So looks like $12 million addition to the back of Xfinity live which is towards Wells Fargo Center entrance. This is better than nothing but still pretty underwhelming. It's probably all VIP area as well. It will be done for world cup which is nice. Maybe there's more to come? But I wouldn't understand announcing only bits and pieces of it? I recall them mentioning a 5000 person venue?

https://xfinitylive.com/news/feb27_p...2D9PiGUJ1y8l6s

summersm343 · #**3707** Posted **Feb 27, 2024, 9:43 PM**

Moved to the high rise thread. Conversations about the Comcast Spectacor Stadium District plans belong there since it’s a major project involving high rises.

PHLtoNYC · #**3708** Posted **Feb 27, 2024, 11:00 PM**

Anyone know why One Frankford is stalled? Status hasn't changed in months.
Middle of the article.

Checking Out the Action on the South End of Frankford Ave.
https://www.ocfrealty.com/naked-phil...frankford-ave/

Radio5 · #**3709** Posted **Feb 28, 2024, 3:30 AM**

Quote:

Originally Posted by PHLtoNYC

Anyone know why One Frankford is stalled? Status hasn't changed in months.
Middle of the article.

Checking Out the Action on the South End of Frankford Ave.
https://www.ocfrealty.com/naked-phil...frankford-ave/

The developers (Archive Development) reposted that, so it's probably just a materials or inspections delay I'd imagine.

El Duderino · #**3710** Posted **Feb 28, 2024, 1:56 PM**

Quote:

Originally Posted by Radio5

The developers (Archive Development) reposted that, so it's probably just a materials or inspections delay I'd imagine.

Beat me to it - I noticed this too, and I doubt they'd want to broadcast the delay if it was to continue.

Philly Fan · #**3711** Posted **Feb 28, 2024, 4:20 PM**

This is a nice development for Philadelphia's arts-and-culture community:

The Kimmel Center’s Verizon Hall to be renamed for Philadelphia legend Marian Anderson

Quote:

“For many of us, [she] has not been sufficiently recognized, and this was an opportunity. It was so long overdue,” said Leslie Anne Miller, who, along with her husband, Richard B. Worley, gifted $25 million to rename the home of the Philadelphia Orchestra for Anderson in perpetuity.

* * * *

He said that naming the hall for Anderson, in addition to honoring a great Philadelphian, had a strategic purpose. The Kimmel’s buildings “looked a lot better 22 years ago than they do today, and there’s a lot of work ahead,” said Worley, adding that he hoped the gift and renaming opened the window to an ongoing campaign of support “that maybe has more human appeal than the average building campaign because of the name — because it’s not going to be named Leslie Miller and Richard Worley Hall.”

“Yes, how boring,” said Miller.

Already, Worley said, “there have been several other significant donations that have come in since this became quietly known, and hopefully over time there will be more.”

daninpa · #**3712** Posted **Feb 29, 2024, 12:54 AM**

I noticed last week that the dates on the wraps on the upcoming food court in the Bulletin were changed from "Coming Spring 2024" to "Coming 2024".

El Duderino · #**3713** Posted **Feb 29, 2024, 2:01 PM**

Quote:

Originally Posted by daninpa

I noticed last week that the dates on the wraps on the upcoming food court in the Bulletin were changed from "Coming Spring 2024" to "Coming 2024".

yeah, the spot was literally completely empty last time i went by a couple months ago. it's too bad the ground level retail around there isn't awesome in general.