Trans National Place(Boston) Vs. American Commerce center(Philadelphia)
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Especially in the current economic climate of fairly high office space vacancy, there is very little chance of either of these projects being built very soon. I know Philadelphia has already approved the ACC, and the developer claims to have funding lined up -- but it is a matter of finding a major tenant. Clearly, that is no easy feat. Nevertheless, as the economy slowly rebounds and office vacancy dips to much healthier levels in CBDs across the country, I can see this project becoming a reality within the next 5 years.
Especially in the current economic climate of fairly high office space vacancy, there is very little chance of either of these projects being built very soon. I know Philadelphia has already approved the ACC, and the developer claims to have funding lined up -- but it is a matter of finding a major tenant. Clearly, that is no easy feat. Nevertheless, as the economy slowly rebounds and office vacancy dips to much healthier levels in CBDs across the country, I can see this project becoming a reality within the next 5 years.
This would PROPEL puritan Boston past every American city. Put it in the same category as a London.
The architect is Cook + Fox...however there is fierce resistance against this project (obviously...everything involved with development in Boston faces absurd amounts of resistance)
Oh and if those two towers were built, Boston would be looking at cities like New York and London in their rear view mirror. Everyone would just be trying to keep up with Boston.
Officially, Transnational Place is dead. They're hoping someday it will be revived, but it will never break the 1,000 ft mark due to FAA restrictions.
Location: Austin, TX/Chicago, IL/Houston, TX/Washington, DC
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News:
Quote:
Philly tower developer's new fund
Posted by Joseph N. DiStefano
Thursday, October 14, 2010
The people behind the American Commerce Center, the proposed 1,500-foot tower for the site west of Comcast Corp.'s not-quite-1,000-foot Center City headquarters, say they're raising a $100 million-plus development fund to buy more property at today's bargain prices.
"We're three to six months from our first closing," said David Richter, partner with Garrett Miller in Hill Opportunity Real Estate Fund, and boss with his father, Irving Richter, at Hill International Corp., the Marlton-based project management firm that employs 2,600 in Europe, the Americas and the Middle East.
While raising funds from rich people, they're hanging onto the high-rise site, currently a parking lot, co-owned with the Multi Employer Property Trust of Bethesda, Md., that more than pays for itself from parking fees, according to Richter. They've turned down an offer, he says, from Liberty Property Trust, which built the Comcast building: "It was so low as to be laughable."
So the tower's not dead? "It's still in the works, and it'll be in the works until we find an anchor tenant," Miller affirmed.
"For the time being, we're in the parking business," added Richter.
At least this is going somewhere, the Chicago Spire is officially canceled, Kheller just got sued for $75 Million, and he was already Borderline bankrupt, thus meaning no more Chicago Spire. Oh well.
Location: northern Vermont - previously NM, WA, & MA
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BUILD IT!
I'm voting Boston on this one, biasedly. Only because I would LOVE to see something that drastic change the dynamic of our otherwise boring and uniform skyline. IMO Philadelphia's skyline is already much prettier than Boston. But admittedly the AMC in Philly is much more contemporary in cool in design and architecture.
The architect is Cook + Fox...however there is fierce resistance against this project (obviously...everything involved with development in Boston faces absurd amounts of resistance)
Oh and if those two towers were built, Boston would be looking at cities like New York and London in their rear view mirror. Everyone would just be trying to keep up with Boston.
Re your first point, Boston is unfortunately not the only city where this happens. In Philadelphia, the neighbors will complain about blocked views, traffic, etc. in their attempts to stop a project. Even in NYC this happens. I believe that a few years ago, Donald Trump was trying to build another Trump Tower in New York, and his response to neighbors who were complaining about blocked views was "you should have bought a better condo."
Re your second point, . How will Boston leave New York "in their rear view mirror?" I'm not being belligerent, I just don't see how one or 2 new projects would propel Boston to a status that is beyond (or anywhere near, for that matter) NYC.
Re your first point, Boston is unfortunately not the only city where this happens. In Philadelphia, the neighbors will complain about blocked views, traffic, etc. in their attempts to stop a project. Even in NYC this happens. I believe that a few years ago, Donald Trump was trying to build another Trump Tower in New York, and his response to neighbors who were complaining about blocked views was "you should have bought a better condo."
Re your second point, . How will Boston leave New York "in their rear view mirror?" I'm not being belligerent, I just don't see how one or 2 new projects would propel Boston to a status that is beyond (or anywhere near, for that matter) NYC.
Although I like the design of the garage project, I think it looks really wrong in Boston. I too do not see it leaving NYC behind. Really, what the project does is make everything else in Boston look rinky-dink. The scale, the massing, and yes, maybe even the design itself, is wrong. It miniaturizes the rest of the city. And I am not opposed to height, far from it. But I want height that sores from within the existing skyline, not height that renders the existing skyline a joke. Maybe I'm one of NIMBYs on this one
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. How will Boston leave New York "in their rear view mirror?" I'm not being belligerent, I just don't see how one or 2 new projects would propel Boston to a status that is beyond (or anywhere near, for that matter) NYC.
