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The massive Port Covington project is also in the works.
The CBD almost seamlessly connect to Harbor East, which will seamlessly connect to Harbor Point. Ten Years ago Harbor East, or a Harbor Point didn't exist.
I left out most of the apartments that are currently U/C and only posted some of the notable developments.
They aren't the only NYers to drop some cash in Philly recently either.
The group behind the World Trade Center transportation hub and numerous other major projects has bought a huge piece of land that encompasses North Philadelphia/Broad Street Station and they plan to transform it into a mixed use district. This is a bit of a pie in the sky proposal, but they have already sank millions into cleaning up some of the old industrial factories and laid out the first phase of buildings to be built.
The $1.5 billion rebuild of Camden's downtown is underway now too. NJ through the kitchen sink at companies and they have taken the bait. In the next year, nearly a dozen companies including the 76ers and Subura of America will be relocating their HQs to Camden. The city landed a big boon last month when 3 other companies announced that they will relocate nearly 1000 employees for what will be dubbed as Camden Tower, the tallest building on the cities waterfront. I am getting heavy Newport Jersey City vibes, which I am okay with ha.
UCity Square, another master planned 6.5 million sq ft office district, has broken ground on their first building and it is well over half way leased even though it's a hole in the ground that won't be done until the end of next year. http://philly.curbed.com/2017/1/17/1...iversity-city/
And the final thing worth mentioning. The upgrading of The Port of Philadelphia. The Army Corps of Engineers spent years dredging the Delaware River deeper. They are done now and the Panamax ships have arrived.
The state is doubling down and adding a $300 million Capitol investment to buy bigger and more cranes. The Delaware Valley has been outpacing the inland empire in California for the most million foot plus warehouses this decade. Combine that with the two new Sunoco gas pipelines being constructed, and you got thousands of new jobs that don't require a college degree.
That North Philadelphia / Broad Street Station plan is really interesting. It's basically where two main trunks of the Regional Rail meet with the subway station within a short distance of each other. It seems like a perfect place for a secondary CBD especially if Regional Rail ever increases its frequencies. It'd be great if they tried to build really tall over there as there's also no flight path restrictions.
$100,000,000 doesn't buy much these days. That probably wouldn't make Dallas' top few dozen projects if you're counting total development cost. Same with Seattle and others.
$100,000,000 doesn't buy much these days. That probably wouldn't make Dallas' top few dozen projects if you're counting total development cost. Same with Seattle and others.
Most of the construction is on the exterior, to make the campus more perdestrian friendly. AT&T has upgraded the interior of its campus well before this announcement.
Most of the construction is on the exterior, to make the campus more perdestrian friendly. AT&T has upgraded the interior of its campus well before this announcement.
Plus the road diet on Commerce (conversion to 2 way) and the closing of a portion of the other streets, mainly Jackson.
"It's worth noting that the current level of construction in Chicago rivals—if not exceeds—the peak levels experienced at the tail end of the pre-recession building boom. This list represents thousands of new apartments and hotel rooms, and even some new downtown office space." http://chicago.curbed.com/maps/chica...nstruction-map
Chicago currently has 52 highrises under construction, including the supertall Wanda Vista tower. It's amazing seeing this level of construction in Chicago's central core in comparison to what's going on elsewhere in the city and the metro area.
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