PHILADELPHIA | Lowrise/General Developments Thread II

[3rd&Brown]

One more thing on the LV thing. The midblock location could be an indicator perhaps that LV the entity leased the space but maybe not for an LV store? They own 13 fashion brands and another 51 brands in miscellaneous industries.

It owns Marc Jacobs, Kenzo, Fendi, Loewe, Givenchy, Celine, Tag Heuer, etc etc etc.

Or differently, it could be a play for the company generally...opening an LV store would generate so much traffic that it in turn could use the momentum to open other stores in the portfolio.

The youngest brands (in terms of demographics) in its portfolio are Kenzo, Loewe, and Marc Jacobs. I think Kenzo and Loewe in particular are better suited for a Walnut Street location over a KOP location. So who knows. Lots of possibilities.

[skyhigh07]

Originally Posted by 3rd&Brown

One more thing on the LV thing. The midblock location could be an indicator perhaps that LV the entity leased the space but maybe not for an LV store? They own 13 fashion brands and another 51 brands in miscellaneous industries.

It owns Marc Jacobs, Kenzo, Fendi, Loewe, Givenchy, Celine, Tag Heuer, etc etc etc.

Or differently, it could be a play for the company generally...opening an LV store would generate so much traffic that it in turn could use the momentum to open other stores in the portfolio.

The youngest brands (in terms of demographics) in its portfolio are Kenzo, Loewe, and Marc Jacobs. I think Kenzo and Loewe in particular are better suited for a Walnut Street location over a KOP location. So who knows. Lots of possibilities.

It’s definitely an intriguing development for Walnut and a potential game changer if it ends up being any of those brands. I just wish we had more information that this indeed is official. It really does feel like Walnut is turning a corner in a significant way after going through a rut over the last few years. I imagine Arlo and Aritiza will bring even more foot traffic. Weird that the old Ulta space hasn’t been leased yet. Seems like it has a decent, upgraded floor plate that would be suitable for a lot of retail uses.

[yuryphilly]

Originally Posted by El Duderino

Northbank updates, along with plans for trail connectivity in the area. These trails would be an massive win for anyone who lives there, as it is still cut off from the rest of the neighborhood.

I just found an old video about the master plan for the Northbank development, they are selling it well - https://www.youtube.com/watch?v=5cC-fhQ4WnQ

From what I've heard the quality of townhouses is subpar, the whole development is in a flood zone and there are no real barriers to flooding.

[Londonee]

Originally Posted by yuryphilly

From what I've heard the quality of townhouses is subpar, the whole development is in a flood zone and there are no real barriers to flooding.

It’s such a weird place - I’m astounded every time i drive past at the scale of the development and the desolation surrounding it. How do i get to your new house? Oh it’s right off the highway ramp, drive past the creepy sign holders, then look for the derelict-looking (but fully functional) Kawa Warehouse and the Building Supply Company - right back there. It’s where quaint went to die I guess.

[jaysb]

Originally Posted by yuryphilly

I just found an old video about the master plan for the Northbank development, they are selling it well - https://www.youtube.com/watch?v=5cC-fhQ4WnQ

From what I've heard the quality of townhouses is subpar, the whole development is in a flood zone and there are no real barriers to flooding.

I think someone on here lives here and has commented previously. I think there are multiple builders with varying quality. The flood plane seems to be a real concern maybe they can chime in with what sold them being next to a raging river in times of a climate crisis.

[cardeza]

Originally Posted by jaysb

I think someone on here lives here and has commented previously. I think there are multiple builders with varying quality. The flood plane seems to be a real concern maybe they can chime in with what sold them being next to a raging river in times of a climate crisis.

Delaware river rarely, if ever, floods this far down- it's probably due to width and depth in Philadelphia. By the time you are down by the airport the river is almost a mile across, so the volume of water it can handle is substantial, even when the schulkyll floods it barely makes a dent in the delaware because of the capacity difference.

[3rd&Brown]

Originally Posted by jaysb

I think someone on here lives here and has commented previously. I think there are multiple builders with varying quality. The flood plane seems to be a real concern maybe they can chime in with what sold them being next to a raging river in times of a climate crisis.

I live here. We're 22 feet above sea level. On something of a bluff. High enough that FEMA doesn't require flood insurance, though I've purchased it myself.

Yes it's isolated. Talk to me in 5 years when we've fully latched into the grid, all the warehouses are gone and replaced by multi-family buildings with ground floor retail, we're connected to the trails, have our own high performing elementary school, and have the highest income in Philadelphia.

Yes I know it's weird but you don't move here for what it is today. You move here for what it will be 5 years from now. More than anything, what I've learned from being here is that there is a huge market for new construction in Philadelphia and if there was more space for neighborhoods like this the city would be growing a lot faster.

Believe it or not, there are a lot of people who want to be in Philadelphia but don't want to live in a 14 foot wide 100 year old house with nob and tube wiring and don't want to do a full on reno. And they don't want to live in a new construction in fill house on a shitty street full of trash with overhead wires and gun shots around the corner.

It's not rocket science, really. There are 1000 homes in this neighborhood. About 350 are sold and settled. Another 100 or so are under contract.

It will get better over time for sure. We have nearly daily street cleaning, private trash collection in actual trash cans with lids that don't blow trash all over the neighborhood, a full time landscaping crew that walks around the neighborhood all day picking weeds and trash, quiet solitude and the beautiful river 50 feet away.

Have a nice day everyone!

[summersm343]

From what I understand, developers built up the site out of the 100 year floodplain. Therefore, they should be alright.

You can say it’s remote now and people are crazy for buying there, but as development progresses up this way, these homes are going to appreciate exponentially, especially being on the waterfront. Within 5-10 years, they’ll be fully interconnected to the development along the waterfront, and therefore Fishtown/Olde Richmond.

Remember, 20 years ago, people said Bart Blatstein was crazy for building the Piazza in NoLibs

[EastSideHBG]

Originally Posted by Londonee

It’s such a weird place - I’m astounded every time i drive past at the scale of the development and the desolation surrounding it. How do i get to your new house? Oh it’s right off the highway ramp, drive past the creepy sign holders, then look for the derelict-looking (but fully functional) Kawa Warehouse and the Building Supply Company - right back there. It’s where quaint went to die I guess.

Originally Posted by 3rd&Brown

Yes I know it's weird but you don't move here for what it is today. You move here for what it will be 5 years from now. More than anything, what I've learned from being here is that there is a huge market for new construction in Philadelphia and if there was more space for neighborhoods like this the city would be growing a lot faster.

Believe it or not, there are a lot of people who want to be in Philadelphia but don't want to live in a 14 foot wide 100 year old house with nob and tube wiring and don't want to do a full on reno. And they don't want to live in a new construction in fill house on a shitty street full of trash with overhead wires and gun shots around the corner.

It's not rocket science, really. There are 1000 homes in this neighborhood. About 350 are sold and settled. Another 100 or so are under contract.

[jaysb]

Originally Posted by 3rd&Brown

I live here. We're 22 feet above sea level. On something of a bluff. High enough that FEMA doesn't require flood insurance, though I've purchased it myself.

Yes it's isolated. Talk to me in 5 years when we've fully latched into the grid, all the warehouses are gone and replaced by multi-family buildings with ground floor retail, we're connected to the trails, have our own high performing elementary school, and have the highest income in Philadelphia.

Yes I know it's weird but you don't move here for what it is today. You move here for what it will be 5 years from now. More than anything, what I've learned from being here is that there is a huge market for new construction in Philadelphia and if there was more space for neighborhoods like this the city would be growing a lot faster.

Believe it or not, there are a lot of people who want to be in Philadelphia but don't want to live in a 14 foot wide 100 year old house with nob and tube wiring and don't want to do a full on reno. And they don't want to live in a new construction in fill house on a shitty street full of trash with overhead wires and gun shots around the corner.

It's not rocket science, really. There are 1000 homes in this neighborhood. About 350 are sold and settled. Another 100 or so are under contract.

It will get better over time for sure. We have nearly daily street cleaning, private trash collection in actual trash cans with lids that don't blow trash all over the neighborhood, a full time landscaping crew that walks around the neighborhood all day picking weeds and trash, quiet solitude and the beautiful river 50 feet away.

Have a nice day everyone!

Good info thanks! Agree with all except maybe the income part, but not trying to start a two page long battle on that

[TonyTone]

Some people on this forum crack me up, complaining about a major project that is the catalyst for the Northern Part of Delaware River saying its cheap & just built in a flood plain is crazy.

Last time I checked, homes with Elevators & a riverfront view are not cheap or poorly built.
Construction issues aside.

Ive been in that neighborhood & its nice. Im extremely happy for anyone who can purchase those homes & live a good life, that development is a major win for the area & pushes the the city up more.

Not to mention that the warehouse in front of that development with Kawa & the homeland security crew that protect that area around 95 is clean & well taken care of.

I wonder if some of the forum users ACTUALLY live in the city

[jaysb]

Originally Posted by cardeza

Delaware river rarely, if ever, floods this far down- it's probably due to width and depth in Philadelphia. By the time you are down by the airport the river is almost a mile across, so the volume of water it can handle is substantial, even when the schulkyll floods it barely makes a dent in the delaware because of the capacity difference.

Deleware ave has flooded several times in the past couple of years beyond driving conditions. Hell, the connecting underpass on Arch has an 'art' installation showing the major floods and their levels. Yes it has much more capacity than the Schuylkill but Delaware definitely floods out as well.

[SEFTA]

I always thought these would be desirable.
I had always hoped the city would have accrued some riverfront property back when it was nearly worthless to form a great waterfront park. As it is now it's simply a promenade along the water. Disappointing opportunity lost.
Is there any retail within walking distance?
I think they would have done well to include some apartment buildings with retail, perhaps a more walkable neighborhood.
It looks very private. In a parklike setting. Very pleasant and convenient to a lot.
But it appears to me that you will have to drive for everything. Maybe Beach or Main Street will become a retail corridor.
All the new construction along the waterfront and flooding never being addressed is criminal and will prove to be a huge mistake.
I think the city underestimated the peoples desire to live near the water.