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  #41  
Old Posted Oct 12, 2020, 9:52 PM
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philly had $2.5B in venture capital funding last year, which was 7th in the country (per this PACT report). 2020 is going to be a bit of a backslide or more this year, but this bodes well moving forward. this along with all the NIH money going to the university city cluster of medicine is a needed influx of outside money that will make philly more appealing to companies and talent.
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  #42  
Old Posted Oct 13, 2020, 3:46 PM
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Originally Posted by DudeGuy View Post
While it's true we don't have any of the big players here (Amazon, Facebook, Google), there are some successful firms here. Think places like Sidecar, Linode, Stitch, Healthverity, etc. A lot of the offices in and around 13th Street house tech/digital companies.
This is where I wish the city step in more and cradle (for lack of better term) growing/successful startups. Between, the universities, growing innovation hubs, etc. the talent and potential are there, the missing link is interest from city "leadership". But that is wishful thinking, because growth and major job attraction into the city results in more money, new residents, new companies, changing the status quo at city hall, which is a scary thought for machine politicians like Clarke and Johnson.

It would also be great if the metro region created a more unified business environment. It has improved, but historically it was Philadelphia doing one thing and the burbs doing another thing (usually better things). The region working as a well oiled machine could definitely make up for whatever is going on in City Hall.
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  #43  
Old Posted Oct 23, 2020, 1:19 PM
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From this article:

Brandywine Realty makes inroads on Dechert, other leases and pivot to life science focus

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It is designing a 500,000-square-foot life science building at 3151 Market St. As a result of a leasing pipeline of potential tenants totaling about 580,000 square feet, Brandywine expects to start development on that project in the second quarter.
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  #44  
Old Posted Oct 23, 2020, 1:52 PM
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Man, they are courting Dechert HARD.
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  #45  
Old Posted Nov 17, 2020, 1:41 PM
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According to Inga, Brandywine will officially announce plans for this building today.
https://www.inquirer.com/real-estate...-20201117.html
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  #46  
Old Posted Nov 17, 2020, 2:24 PM
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Says they expect groundbreaking first half of 2021. No tenants announced.
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  #47  
Old Posted Nov 17, 2020, 4:39 PM
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Originally Posted by wanderer34 View Post
It looks like a major deviation to the original Schuylkill Yards proposals of the past. I was expecting a much taller proposal than the one that's currently being presented. And considering the the former SY proposals featured much taller towers, this one is very underwhelming. And people wonder why I've always felt so nostalgic about the American Commerce Center. I really don't have any faith for SY (including projects such as the 2901 Arch Street - Transit Terminal Tower) if this gets realized and erected.
I agree completely. Major disappointment.

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Originally Posted by hammersklavier View Post
Spoiler alert: It isn't -- see site plan:


upload photo
It is. See the photo below. The building is significantly shorter than the previous renderings. Not to mention the quality reduction of the facace. I am looking at the plans for this project now... The new design runs from market to JFk, so there is no room to build a separate taller building behind it.



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  #48  
Old Posted Nov 17, 2020, 5:12 PM
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^^Just wait till the site plan comes out. Be patient.
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  #49  
Old Posted Nov 17, 2020, 5:15 PM
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Don’t count out office buildings yet. Philly developers push ahead with new, pandemic-resistant designs.



Quote:
Undaunted by the upheavals of the last eight months, Philadelphia developers are moving ahead with three large commercial projects in the city.

Two of those buildings were in the works before the pandemic hit — a new law firm headquarters and a lab building at West Philadelphia’s uCity Square — so you might argue that the developers had little choice but to finish the job. But, on Tuesday, Brandywine Realty Trust will announce plans for a massive lab building at 31st and Market, suggesting that certain kinds of commercial projects still have a future.

Brandywine’s new project, which will be part of its Schuylkill Yards development, is a perfect distillation of those trends. When Brandywine first released renderings for Schuylkill Yards in 2016, those images showed a group of pencil-thin skyscrapers around the former Bulletin Building and 30th Street Station. Only a year ago the company was intensively shopping around plans for a fire-engine-red flagship tower by PAU Studio architects. Now Brandywine is pivoting from the traditional high-rise office form to pursue a horizontal workspace where scientists can splice genes and concoct new medical treatments.

Because those experiments require a lot of space and equipment, they dictate the size and shape of lab buildings. Brandywine’s proposed building is just 12 stories, yet it, by necessity, will be a sprawling behemoth with 500,000 square feet of space — half as much as One Liberty Place, which towers 61 stories over Center City. To make the immense glass structure look less like a giant, see-through shoe box, the architects at Gensler, have twisted the building on its axis, so it sits slightly off-center from the podium. Triangular terraces have been carved into the facade, creating deep indentation and ensuring that workers will have access to fresh air and views.

The demand for such lab, or life sciences, buildings was strong before the pandemic, but the need has grown more intense in the last few months, said Robert Zwengler, an executive at CBRE, a commercial real estate firm. Philadelphia is among the top five cities receiving funds from the National Institutes of Health, which supports many small research companies. Even if scientists with NIH grants can run computations on their home computers, they still need to come into the office to operate a centrifuge or cool a solution at super-low temperatures. Yet there is virtually no vacant lab space available right now for start-ups that want to be in the city.

Brandywine’s project, which is being called 3151 Market and is across the street from Drexel’s business school, is intended to tap into that pent-up demand for space in West Philadelphia, said its chief executive, Jerry Sweeney. The company is just wrapping up a major renovation that turned George Howe’s former Bulletin newspaper building at 30th and Market into labs for Spark Therapeutics. The pharmaceutical company has expanded at such a fast clip that Brandywine had to provide spillover space across the street in a castle-like building that started out as a slaughterhouse in 1906. Brandywine is also scrambling to convert the two lower floors of the Cira tower into labs.

The pandemic also prompted Brandywine to adjust the design for one of its mixed-use towers on JFK Boulevard. Instead of an apartment building set on top of a traditional office podium, Sweeney says the lower floors will be designed for labs. He expects that project to break ground in the first half of 2021, around the same time as work starts at 3151 Market.
Read more here:
https://www.inquirer.com/real-estate...-20201117.html
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  #50  
Old Posted Nov 17, 2020, 5:20 PM
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Hey, anything is better than the Santander bank that’s there right now. And as long as the supertall is still built...
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  #51  
Old Posted Nov 17, 2020, 5:36 PM
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Quote:
Originally Posted by Urbanthusiat View Post
Says they expect groundbreaking first half of 2021. No tenants announced.
Wouldn't be surprised if this is being built on spec. Apparently, there's a HUGE demand for space from biotech, pharma and other life sciences/startup companies in not only Philadelphia, but some suburbs as well, and there's a severe lack of space for them.
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  #52  
Old Posted Nov 17, 2020, 5:37 PM
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Anyone else notice that in the rendering the blocky tower has changed its facade from red to more generic?
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  #53  
Old Posted Nov 17, 2020, 6:13 PM
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Originally Posted by bigfish View Post
Anyone else notice that in the rendering the blocky tower has changed its facade from red to more generic?
These are most likely just placeholders with no color.

And I knew 3151 Market will stretch to JFK Boulevard!
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  #54  
Old Posted Nov 17, 2020, 6:21 PM
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Quote:
Originally Posted by TK2001 View Post
These are most likely just placeholders with no color.

And I knew 3151 Market will stretch to JFK Boulevard!
Haha, you were right! Wait for the site plan though. I was told the tower facing JFK shown in the original renderings is still planned.
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  #55  
Old Posted Nov 17, 2020, 6:22 PM
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Quote:
Originally Posted by bigfish View Post
Anyone else notice that in the rendering the blocky tower has changed its facade from red to more generic?
They're still going to make it red. They wouldn't have made all that fanfare over it only to go back. Like TK said, it's probably a placeholder.
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  #56  
Old Posted Nov 17, 2020, 6:24 PM
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  #57  
Old Posted Nov 17, 2020, 6:25 PM
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Looks like all of 3101 Market is being demolished with this. Thank god.
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  #58  
Old Posted Nov 17, 2020, 9:02 PM
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This is now up on Brandywine's website:
https://www.brandywinerealty.com/pro...-market-street
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  #59  
Old Posted Nov 17, 2020, 9:02 PM
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Looks great!
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  #60  
Old Posted Dec 6, 2020, 9:36 AM
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Quote:
Originally Posted by Arch+Eng View Post
It is. See the photo below. The building is significantly shorter than the previous renderings. Not to mention the quality reduction of the facace. I am looking at the plans for this project now... The new design runs from market to JFk, so there is no room to build a separate taller building behind it.



No, the supertall site was always at 31st and Market, never at 32nd and Market. It's to the right of the building you circled. As Summersm has pointed out, the rumor mill also suggests the 32nd and JFK side of this parcel is going to have a tower base as well, too. (Which means vertical annexes may well be in the cards.)
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