PHILADELPHIA | Highrise Development Thread X

[Radio5]

Didn't snap a photo, but man, the black bands around the new PMC tower look pretty cheap. I think because it's not smooth like the in the rendering. They are jaggered in pieces. Hopefully, it will blend in with the other details they are putting in like the orange stripes etc.

Spark's facade on the other hand is looking great.

[PhillyPDX]

Spent the last week in and around center city-university city, and it must be said, the current level of construction is impressive. In this current economic climate, with the worst financing conditions in a generation, and it felt as if I could look in many directions and see construction cranes and otherwise positive developments under construction. For a non sunbelt city, this is a such a good sign for Philly.

[TempleGuy1000]

Originally Posted by PhillyPDX

Spent the last week in and around center city-university city, and it must be said, the current level of construction is impressive. In this current economic climate, with the worst financing conditions in a generation, and it felt as if I could look in many directions and see construction cranes and otherwise positive developments under construction. For a non sunbelt city, this is a such a good sign for Philly.

We would have been going through the second peak of this construction boom era had the interest rate landscape not changed. The Mark and the new CHOP hospital are technically the tallest U/C right now and both are but a floor or two above ground currently. Both will be exciting to see get taller. If interest rates were still low, we probably would be seeing the Big Red tower of the schuylkill yards rise and the first buildings of the Penn's Landing redevelopment being built.

[Redddog]

Rates will start to recede this year and accelerate through 2025.

Now is the time to start planning projects.