PHILADELPHIA | Highrise Development Thread IX

[Baconboy007]

Originally Posted by 3rd&Brown

I get it. But Dilworth Plaza is what, 3 blocks away? Are people that lazy?

I work in an area of NYC with literally zero green space. I have to walk about 5 blocks to get to something that resembles a park, and even then, there's usually no where to sit. But I somehow manage.

Dilworth was fine until they put that F*cking Starbucks in. The Cuban sandwiches were great. Now they're gone

[summersm343]

New 1911 Walnut Renderings - enjoy!

http://forum.skyscraperpage.com/showthread.php?t=205052&page=55

[Philly-Drew]

Have you guys sen this?

A proposed master planned development along the Delaware River in Philadelphia, Pennsylvania. Owned and Financed by K4 Associates

http://k4llc.com/projects/

[philatonian]

Originally Posted by Philly-Drew

Have you guys sen this?



http://k4llc.com/projects/

It's giving me Waterfront Square vibes. I wonder where on the Delaware it is.

[Knight Hospitaller]

Originally Posted by philatonian

It's giving me Waterfront Square vibes. I wonder where on the Delaware it is.

I forget when or on which thread, but that's cropped up before. I remember all of the "it looks like Miami" commentary.

[summersm343]

Originally Posted by Philly-Drew

Have you guys sen this?



http://k4llc.com/projects/

Many of us think it is just a fantasy proposal. Haven't heard anything legitimate to make me think otherwise yet.

[TechTalkGuy]

This is what I've managed to gather on this development:

[philatonian]

Originally Posted by Knight Hospitaller

I forget when or on which thread, but that's cropped up before. I remember all of the "it looks like Miami" commentary.

That's a good way to describe it. I mean the Delaware waterfront is what it is. It's somewhat detached from Center City so it's going to draw a more gated development model than, say, condos on the Hudson. I honestly don't have a problem with that if it doesn't block access to the river. Our waterfronts are more parklike than a lot of comparable cities and I don't see any need to retrofit the Delaware with congested, faux urbanism.

If Waterfront Square was sellable enough to complete the project, I'd say bring on all the dead waterfront communities we've seen on these forums for the last 10 years. But that's the problem with this one. Waterfront Square wasn't sellable enough to be completed, and it looks like this one might be on the former-Trump pier just south of it. It's a nice-enough design IMO, it just doesn't seem realistic at this time.

[Cro Burnham]

Originally Posted by Philly-Drew

Have you guys sen this?

edit

[Philly-Drew]

Ah,..... TachTalkGy, now I remember. Thanks. What made me look it up was that I saw a new sign for it, on Delaware Ave just north of Dock Side. It said something like "K4 and Associates welcomes the DNC". That's what made me look it up.

[kingtut]

This may not be the most appropriate forum for this bit of commentary but forgive me in advance . If the Philadelphia region is to continue as a major player in the future the region as a whole has got to deal with problems like job creation .
click on philly metro and check our standings .https://www.brookings.edu/research/americas-advanced-industries-new-trends/

[UrbanRevival]

Originally Posted by kingtut

This may not be the most appropriate forum for this bit of commentary but forgive me in advance . If the Philadelphia region is to continue as a major player in the future the region as a whole has got to deal with problems like job creation .
click on philly metro and check are standings .https://www.brookings.edu/research/americas-advanced-industries-new-trends/

Interesting you should post this, as I was about to share some counter-balancing news about very positive job growth in the metro area based on the most recent federal/state monthly jobs numbers (June 2016). Year-over-year job growth in the Philly area is at 2.6%, according to the BLS: http://http://www.bls.gov/news.release/metro.t04.htm

I've been following this data very closely for a number of years, and I can say this is a MASSIVE improvement since any time after the Great Recession, and likely in many years prior to that.

Not to be too premature in looking at this as a long-term trend, but it's a phenomenal sign for the area to not only match but exceed job growth in New York, Boston, Chicago and even DC--even if it's just one data point!

That being said, the Brookings report is still important to consider in that it focused on very lucrative STEM industries, but I'm inclined to believe that because the Brookings data is limited to 2015, it hadn't picked up on very recent upward trends, including particularly strong growth in Professional and Business services and Educational and Health Services--both sectors containing the lionshare of the advanced industry jobs referred to in the Brookings report.The most recent PA Dept. of Labor & Industry monthly report shows this year-over-year growth in the metro area by industry: http://www.workstats.dli.pa.gov/MediaCenter/MonthlyNews/Pages/default.aspx

Philly absolutely has much more room for growth in the STEM front (although having the 12th largest total jobs concentation, according to Brookings, isn't too bad of a place to start), but the most current numbers are very interesting and encouraging insofar as substantial improvements in growing those lucrative sectors appear to finally be taking hold.

[Outta here]

San Francisco's ultra-luxe highrise the Millennium Tower is sinking and could soon face a rash of lawsuits from angry homeowners worried about their investment in the $350 million building, according to a letter from the homeowners association’s board.

"The Millennium Tower Association has been advised by the original developer that the Association’s buildings have experienced settlement beyond what was originally anticipated," the letter said. "In response to that information, the Association has retained a number of engineering consultants to investigate the causes and long-term impact of these settlement condition

The San Francisco Chronicle first reported the news.

The developer of the tower, Millennium Partners, said in a statement from spokesman P.J. Johnston that the construction nearby, meaning the building of the massive Transbay Transit Center, was to blame for any shifting, sinking or tilting being experienced by the tower. So far, “the building has continued to settle vertically, now 16 inches,” the Transbay Joint Powers Authority told the paper — a drop greatly exceeding the 12 inches its builders had predicted it would sink over the course of its lifetime

I post this " out of area " story to ponder a question ......... Could this happen here ???


HOLY SHIT !!

[summersm343]

^^Unlikely to happen here. The ground here is much more solid and the bedrock closer to the surface. In San Francisco, this area was infilled land and is softer soil. Sounds like somebody f'ed up big time.

[Andy123]

Yeah the developer chose not to drill into the bedrock in order to save some money. That didn't end up well.

[crackpinky]

There's another Millennium Tower under construction in Boston that looks to be by the same developer. I wonder if there are/will be any issues with that tower.

[Daario]

Here's a very interesting article about the increase in economic polarization in many American cities. The article uses Philly as a prime example:http://www.wsj.com/articles/for-more-cities-downtown-is-a-center-of-economic-strength-1470389405

Also, the infographic map of Philly, Baltimore and Chicago to go along with it: http://graphics.wsj.com/urban-income-polarization/

[City Wide]

[QUOTE=TechTalkGuy;7523321]This is what I've managed to gather on this development:




notice the highly detailed level of drawing, and the attention to the finer points that indicate that this is definitely a project that's going to break ground any day now.

[summersm343]

GSA signs $23M lease in historic Strawbridge building offices

The federal government is returning to the historic Strawbridge and Clothier building at 801 Market Street.

CoStar Group announced this week that the General Services Administration (GSA) recently inked a $23 million, 10-year lease for the Health and Human Services (HHS) to set up shop on the eighth and ninth floors of the Beaux-Arts style building. The offices will take up 94,704 square feet of space and will be renovated for the HHS.

Today, the 13-story building is owned by developer PREIT and serves as office space for a number of tenants, including the Philadelphia Media Network on the lower levels. PREIT plans to redevelop the ground level space into retail as part of its bigger project to transform the now closed Gallery at Market East into the Fashion Outlets of Philadelphia.

With the GSA’s new deal, the building is now about 70 percent leased. The HHS will move into the renovated space in June 2018.

http://philly.curbed.com/2016/8/5/123868...rawbridge-clothier-building-philadelphia

[Insoluble]

Originally Posted by UrbanRevival

Interesting you should post this, as I was about to share some counter-balancing news about very positive job growth in the metro area based on the most recent federal/state monthly jobs numbers (June 2016). Year-over-year job growth in the Philly area is at 2.6%, according to the BLS: http://http://www.bls.gov/news.release/metro.t04.htm

I've been following this data very closely for a number of years, and I can say this is a MASSIVE improvement since any time after the Great Recession, and likely in many years prior to that.

Not to be too premature in looking at this as a long-term trend, but it's a phenomenal sign for the area to not only match but exceed job growth in New York, Boston, Chicago and even DC--even if it's just one data point!

That being said, the Brookings report is still important to consider in that it focused on very lucrative STEM industries, but I'm inclined to believe that because the Brookings data is limited to 2015, it hadn't picked up on very recent upward trends, including particularly strong growth in Professional and Business services and Educational and Health Services--both sectors containing the lionshare of the advanced industry jobs referred to in the Brookings report.The most recent PA Dept. of Labor & Industry monthly report shows this year-over-year growth in the metro area by industry: http://www.workstats.dli.pa.gov/MediaCenter/MonthlyNews/Pages/default.aspx

Philly absolutely has much more room for growth in the STEM front (although having the 12th largest total jobs concentation, according to Brookings, isn't too bad of a place to start), but the most current numbers are very interesting and encouraging insofar as substantial improvements in growing those lucrative sectors appear to finally be taking hold.

I've been noticing the BLS data for a while now. Comparing the BLS data with the Census, 2015 was the second year in a row that job growth in Philly outpaced population growth. I'd say that's positive news on the jobs front.