PHILADELPHIA | Lowrise/General Developments Thread

[PhilliesPhan]

Originally Posted by summersm343

Temple Library Update - 13th and Norris





http://temple-news.com/news/library-...s-stay-budget/

I really can't wait to see steel start to rise out of the ground for this one. I walk past this site everyday on my way to Alter Hall for class, and it seems like they've been doing underground work forever. It's good to know that everything is on schedule, especially since Paley Library really needs to be replaced. It feels too small and outdated relative to the size of the student body, and it is also my least favorite structure on campus currently.

[PHL10]

Originally Posted by summersm343

Revised design for Royal Theater redevelopment requires Historical Commission approval





Article:
http://planphilly.com/articles/2017/...ssion-approval

Wow, that almost looks as bad as the Wild West Casino in AC:

[summersm343]

CDR Resubmission - 1712-28 N. 2nd Street



-Olde Kensington/Norris Square
-5-story building with 40 apartments and ground floor retail/commercial
-Seven 4-story townhomes with 14 apartments

PDF:
http://www.phila.gov/CityPlanning/pr...ary%202017.pdf

[summersm343]

24 S. Front Street - nine 4 story townhomes

Looks like the front doors will be facing the tiny Black Horse Alley. Another surface lot bites the dust in Old City







http://www.ocfrealty.com/naked-phill...ct-in-old-city

[jsbrook]

Originally Posted by summersm343

24 S. Front Street - nine 4 story townhomes

Looks like the front doors will be facing the tiny Black Horse Alley. Another surface lot bites the dust in Old City

Yep. Really nice to see Old City continuing to fill in.

[summersm343]

Divine Lorraine to host open house for last remaining units

It may be hard to believe, but people have been living in the newly restored Divine Lorraine for nearly a month, after the first tenants moved in January 1.

As of right now, TCS Management tells Curbed Philly that nearly half of the 101 apartments have been leased, and 55 units are still available.

That’s why Eric Blumenfeld’s team is hosting an open house for potential renters on Saturday, February 4 from 12 to 3 p.m.

http://philly.curbed.com/2017/1/27/1...pen-house-tour

[hammersklavier]

Originally Posted by jsbrook

Anyone have an intel on what might be taking over the storefront Capital One/Peets is vacating at 17th and Walnut? It is moving across the Street into the groundfloor of the Latham. The building Pearl is turning into micro apartments.

Interesting!

I don't have any insider info at all, but all the low-rise buildings on that corner (except for True Religion) have now been vacated. I would surmise that somebody's assembling land for a major proposal there.

[jsbrook]

Originally Posted by hammersklavier

Interesting!

I don't have any insider info at all, but all the low-rise buildings on that corner (except for True Religion) have now been vacated. I would surmise that somebody's assembling land for a major proposal there.

Lucky Brand. Not True Religion.

https://www.google.com/maps/@39.9498...8i6656!6m1!1e1

But good thought! Conestoga Bank vacated last spring, I think. If someone purchases (or has already purchased) the plot that houses Lucky's Brand and owns the other 2 storefronts, they have three consecutive properties and could do something big here.

[hammersklavier]

Originally Posted by jsbrook

Lucky Brand. Not True Religion.

https://www.google.com/maps/@39.9498...8i6656!6m1!1e1

But good thought! Conestoga Bank vacated last spring, I think. If someone purchases (or has already purchased) the plot that houses Lucky's Brand and owns the other 2 storefronts, they have three consecutive properties and could do something big here.

Ah got my brands mixed up.

Don't forget about the Four Eyes, either! I think the last time I passed by they had closed.

I hope that's the case. This is very similar to how the Cheesecake Factory at 15th and Walnut got built.

[Aaamazarite]

Originally Posted by jsbrook

Lucky Brand. Not True Religion.

But good thought! Conestoga Bank vacated last spring, I think. If someone purchases (or has already purchased) the plot that houses Lucky's Brand and owns the other 2 storefronts, they have three consecutive properties and could do something big here.

If this is true, its probably Allan Domb. He already controls the former Conestoga Bank building and the Paper Source building. The For Eyes is still owned by their parent company but the closing of the store and some other info I'm privy to tell me that the property may be under contract with someone.

IF the Capital One/Peets situation is related, its one complicated partnership. That building and the Kitchen Kapers are owned by a big Toronto company who have no reason to sell anything, the owners of the Lucky Brand building are some of the OG's of Rittenhouse Row who are still active in local development but stay under the radar in their old age... of course they are connected enough and are low profile enough to have gotten those leafs to sell/partner. These guys have been upgrading some of their existing stuff and are working on some things elsewhere in the city that are too premature to announce. They could be working with Domb, I'm sure they know each other.

[jsbrook]

Originally Posted by Aaamazarite

If this is true, its probably Allan Domb. He already controls the former Conestoga Bank building and the Paper Source building. The For Eyes is still owned by their parent company but the closing of the store and some other info I'm privy to tell me that the property may be under contract with someone.

IF the Capital One/Peets situation is related, its one complicated partnership. That building and the Kitchen Kapers are owned by a big Toronto company who have no reason to sell anything, the owners of the Lucky Brand building are some of the OG's of Rittenhouse Row who are still active in local development but stay under the radar in their old age... of course they are connected enough and are low profile enough to have gotten those leafs to sell/partner. These guys have been upgrading some of their existing stuff and are working on some things elsewhere in the city that are too premature to announce. They could be working with Domb, I'm sure they know each other.

Nice info! Even without the Capital One space, those three stores are sizable and would allow a building of decent width, albeit not a corner lot. Even more feasible if the Paper Source next to the For Eyes is included. We'll see if something happens. (I'm not actually sure the For Eyes has closed, though. The store above it in that building definitely did).

[McBane]

Very interesting. This corner is prime for retail and residential. Definitely more deserving of something bigger than the 1-2 story buildings that currently occupy the corner.

Even better, they are surrounded by high rises and I don't see anything historic or architecturally significant about these buildings that would prevent a developer from building something taller. But who knows? Maybe Ben Franklin's grand niece's neighbor's ex-husband farted inside of these buildings.

[thisisforreal]

Took this last week. I don't venture into this thread often, so I'm not sure if we're "done" posting pics of this one or not:

[Knight Hospitaller]

Brandywine says that the City is not competitive:

http://www.philly.com/philly/blogs/i...oned-but-.html

[rduffy5]

Does anyone know of any apartment buildings in either Old City or Northern Liberties that will be finishing up construction and accepting new tenants in the summer?

[summersm343]

Originally Posted by rduffy5

Does anyone know of any apartment buildings in either Old City or Northern Liberties that will be finishing up construction and accepting new tenants in the summer?

The Bridge is one I can think of. I'm sure there are plenty.

[iheartphilly]

This is a good project.

EXCLUSIVE: Philadelphia Bar seeks $40M building to house legal aid organizations at 8th and Vine
Source: http://www.bizjournals.com/philadelp...ilding-to.html

The proposed 120,000 square feet building should be eight to 10 stories when completed. Gross said the Bar plans to pay for what could be between a $40 million and $60 million project with a combination of tax credits, loans, fundraising and funds from class action lawsuits. She said the loan will be paid down over time via rent.

[TempleGuy1000]

Online auto firm's 'vending machine' for cars coming to Fishtown

The web-based auto dealership is leasing the block bounded by Richmond, Front, Wildey, and Leopard Streets from developer Core Realty for a Philadelphia outpost, following locations in Houston, Nashville, and Atlanta.

Officials with Philadelphia's industrial-development agency voted last week to authorize the sale of a segment of the block to Core, which already owns the rest of the one-acre property. The transaction must also be approved by City Council.

Phoenix-based Carvana LLC is among a raft of car-selling businesses taking to the web in an attempt to disrupt the stubbornly brick-and-mortar used-vehicle dealership model.

http://www.philly.com/philly/busines...e-changer.html

[summersm343]

^^That could be a nice project... and nice use of an awkward empty lot between I-95 and the Market-Frankford El.

[summersm343]

Originally Posted by iheartphilly

This is a good project.

EXCLUSIVE: Philadelphia Bar seeks $40M building to house legal aid organizations at 8th and Vine
Source: http://www.bizjournals.com/philadelp...ilding-to.html

Very interesting. Looks like it would include an 8 to 10 floor office building for these Legal organizations, a residential building, and a hotel. All of this on the parking lot at 8th and Vine. This is one of two development proposals for the RFP sent out by the City last year. I'll post the full article below.