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Old 04-18-2012, 03:56 PM
 
Location: The City
18,907 posts, read 15,442,378 times
Reputation: 5510
25 Story Tower Proposed For 38th and Chestnut | Hidden City Philadelphia
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Old 04-20-2012, 12:53 PM
 
Location: Philadelphia, PA
6,023 posts, read 4,316,325 times
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Hey Kidphilly... Brandywine is planning two projects to break ground on "by the end of the year." One is a "25 or more" floor residential building at 1919 Market

This article was originally posted by the Philadelphia Business Journal
OMEGA Commercial Real Estate, Inc. (610) 616-4604
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Old 04-20-2012, 10:07 PM
 
Location: West Cedar Park, Philadelphia
1,225 posts, read 1,215,419 times
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That tower at 38th and Market looks horrible... plus I have reservations about it ever getting funding and being built.

If Brandywine breaks ground on a high rise at 1919 Market it will be a big milestone for the city. That's one of the city's top eyesores in one of the most highly visible locations. That we are able to fill it in is a good sign.

Next I'll hold my breath for the Warwick/Rittenhouse vacant lot and the DL.
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Old 04-21-2012, 01:46 PM
 
Location: Philadelphia, PA
6,023 posts, read 4,316,325 times
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Quote:
Originally Posted by Marius Pontmercy View Post
That tower at 38th and Market looks horrible... plus I have reservations about it ever getting funding and being built.

If Brandywine breaks ground on a high rise at 1919 Market it will be a big milestone for the city. That's one of the city's top eyesores in one of the most highly visible locations. That we are able to fill it in is a good sign.

Next I'll hold my breath for the Warwick/Rittenhouse vacant lot and the DL.
This lot has seen an unlucky run of proposal after proposal not going through... I really hope it gets filled this time around with a nice tower from Brandywine... and yes I agree the Rittenhouse lot needs to be the next to go.
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Old 04-23-2012, 10:24 PM
 
Location: West Cedar Park, Philadelphia
1,225 posts, read 1,215,419 times
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Quote:
Originally Posted by Summersm343 View Post
This lot has seen an unlucky run of proposal after proposal not going through... I really hope it gets filled this time around with a nice tower from Brandywine... and yes I agree the Rittenhouse lot needs to be the next to go.
I don't remember the full history of the Rittenhouse lot. Last I knew a developer got it at the height of the housing bubble and now can't afford to do anything with it.
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Old 04-28-2012, 09:09 AM
 
Location: The City
18,907 posts, read 15,442,378 times
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Phila. office buildings being converted into boutique hotel - Philadelphia Business Journal
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Old 04-29-2012, 12:11 PM
 
Location: NYC
2,671 posts, read 2,051,701 times
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Quote:
Originally Posted by Marius Pontmercy View Post
I don't remember the full history of the Rittenhouse lot. Last I knew a developer got it at the height of the housing bubble and now can't afford to do anything with it.
You mean that vacant lot on Walnut St where the movie theater burned down in the 90's?
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Old 04-29-2012, 12:15 PM
 
Location: NYC
2,671 posts, read 2,051,701 times
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All the Center City office space keep getting converted to hotels & residential! I guess it keeps the commercial vacancy rate "low", but...
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Old 04-29-2012, 12:17 PM
 
Location: The City
18,907 posts, read 15,442,378 times
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Quote:
Originally Posted by rotodome View Post
All the Center City office space keep getting converted to hotels & residential! I guess it keeps the commercial vacancy rate "low", but...

Agreed. Though those buildings are old. We need more office space (actually used) then hotels or residential that would come as a result

will see what happens with the ACC lot; rumors of more formal announcement soon speculation is new 600 ft office tower there Comcast Expansion

Also 1 Franklin and 3 franklin will be vacant in 18 months when GSK moves to the Navy yard...
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Old 04-29-2012, 12:38 PM
 
Location: NYC
2,671 posts, read 2,051,701 times
Reputation: 1505
Quote:
Originally Posted by kidphilly View Post
Agreed. Though those buildings are old. We need more office space (actually used) then hotels or residential that would come as a result

will see what happens with the ACC lot; rumors of more formal announcement soon speculation is new 600 ft office tower there Comcast Expansion

Also 1 Franklin and 3 franklin will be vacant in 18 months when GSK moves to the Navy yard...
Every time a new office tower get built (with a special sweetheart tax deal included to lure in anchor tenants of course), it just sucks tenants out of other towers, and the emptied-out space in the old (and sometimes not-so-old) towers gets turned into hotel space and condos (complete with their own tax abatements, likely). Seems really counter-productive, although I guess to some it gives the illusion of "growth".
I don't know how long this stuff can go on without either a) the city actually attracting large companies from out of town to anchor new buildings, or b) something happens to foster the creation and substantial growth of homegrown startups.

If they're going to keep creating more and more of these piecemeal low-tax zones building by building to ultimately just suck tenants from across town, minimizing any potential positive impact on the city's tax base, it seems like it should be a no brainer to reform the entire city's tax code to try to do the same thing regionally..or even nationally.
And yet.
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