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Completed since 2013
Evo at Cira Centre South - luxury apartments/retail - 430 FT - 33 floors
2116 Chestnut - luxury apartments/retail - 379 FT - 34 floors
1919 Market - luxury apartments/office/retail - 337 FT - 29 floors
3601 Market - luxury apartments/retail - 320 FT - 28 floors
Temple University Morgan Hall - dormitory/retail - 312 FT - 27 floors
Penn Medicine South Tower - medical/research - 302 FT - 19 floors
CHOP Buerger Center for Advanced Pediatric Care - medical/research - 292 FT - 14 floors
The Summit - luxury apartments/retail - 279 FT - 25 floors
3737 Chestnut - luxury apartments/retail - 278 FT - 25 floors
Philadelphia Family Court Building - governmental/office - 265 FT - 15 floors
Penn Medicine at Washington Square - medical/office - 260 FT - 18 floors
3737 Market - office/retail - 221 FT - 13 floors
Chestnut Square - luxury apartments/retail - 210 FT - 19 floors
One Water Street - luxury apartments - 16 floors
The View at Montgomery - luxury apartments/retail - 14 floors
1900 Arch - luxury apartments/commercial/retail - 14 floors
Drexel University LeBow Hall - academic - 14 floors
2040 Market - luxury apartments/retail - 13 floors
AQ Rittenhouse - luxury apartments/retail - 12 floors
Dalian on the Park - luxury apartments/commercial/retail - 10 floors
The Study Hotel at University City - hotel/retail - 10 floors
Under Construction
Comcast Technology Center - office/hotel/retail - 1,121 FT - 60 floors
FMC Tower at Cira Centre South - office/hotel/retail - 736 FT - 49 floors
W Hotel & Element by Westin - hotel/retail - 582 FT - 51 floors
500 Walnut - condo/retail - 380 FT - 26 floors
CHOP Roberts Center for Advanced Pediatric Research - office/medical/research - 375 FT - 23 floors
The Alexander - luxury apartments/retail - 370 FT - 32 floors
1213 Walnut - luxury apartments/retail - 294 FT - 26 floors
1199 Ludlow 'East Market' Tower II - luxury apartments/retail - 284 FT - 24 floors
One Riverside - condo - 260 FT - 22 floors
1100 Market 'East Market' Tower I - luxury apartments/retail - 248 FT - 21 floors
Vue32 - luxury apartments/commercial/retail - 206 FT - 17 floors
Cambria Hotel - hotel/retail - 200 FT - 15 floors
The Bridge - luxury apartments/retail - 17 floors
Museum Towers II - luxury apartments/retail - 16 floors
The Beacon - luxury apartments/retail - 14 floors
Site Prep
SLS Lux Hotel & Residences - hotel/condo/retail - 45 floors - 566 FT (on hold)
1900 Chestnut - luxury apartments/retail - 32 floors - 406 FT
Penn Medicine New Patient Pavilion - medical/research - 16 floors - 357 FT
3675 Market - office/retail - 15 floors - 241 FT
1300 Fairmount - luxury apartments/retail - 21 floors - 238 FT
AC Hotel by Marriott - hotel/retail - 14 floors
*Bonus*
The new Camden, New Jersey Waterfront development by Liberty Property trust has officially started construction. WhiVihnsle mostly lowrise 5-8 floor office, hotel and apartment buildings with retail, the project will include two highrises. One will rise 22 floors and 350 FT tall, the other 15 floors and 238 FT tall. Both buildings will be office buildings.
"Under Construction" you didn't include the LDS tower - 32 floors at 1601 Vine St. Or is that The Alexander?
The mixed-use development, called Olympia, is proposed at the the junction between Olympic Boulevard and Harbor freeway. Plans call for up to 1,367 residential units, 40,000 square feet of retail and restaurant uses, over 115,000 square feet of open space, and a variety of lifestyle amenities and supportive services.
All the chest pounding about Chicago, SF, and Seattle.... how much not luxury, midrise/infill + middle-income/affordable + low-income?
Well, if they build a lot, then that means the overall supply increases so those people renting / buying luxury no longer compete for existing inventory that is not new, shiny, and expensive so those are left vacant and available for others. The problem is if you hit into something like what NYC has where luxury residences are bought as investments PLUS they aren't rented out but mostly left vacant the whole time by people from outside the NYC area (thereby also not getting any additional tax dollars through sales or income tax for people that are actually living in the area). NYC has that in spades and that's really screwing things up, but I'm not sure if this is happening nearly as much in other cities. Something like a vacancy tax might help solve that, but maybe not.
Well, if they build a lot, then that means the overall supply increases so those people renting / buying luxury no longer compete for existing inventory that is not new, shiny, and expensive so those are left vacant and available for others. The problem is if you hit into something like what NYC has where luxury residences are bought as investments PLUS they aren't rented out but mostly left vacant the whole time by people from outside the NYC area (thereby also not getting any additional tax dollars through sales or income tax for people that are actually living in the area). NYC has that in spades and that's really screwing things up, but I'm not sure if this is happening nearly as much in other cities. Something like a vacancy tax might help solve that, but maybe not.
Vancouver began imposing a 15% tax on foreign buyers this year. I think some American cities should consider doing the same.
Vancouver is a very unique situation. Come back with a detailed analysis of foreign property holdings vs time for each American city, then get back to us. No city is the same. Nor its circumstances.
Vancouver is a very unique situation. Come back with a detailed analysis of foreign property holdings vs time for each American city, then get back to us. No city is the same. Nor its circumstances.
Well I know Vancouver isn't the only city in North America with a housing crisis, with wealthy Asian buyers gobbling up homes to dump their cash that sit vacant (ghost homes) while Americans who grew up in those same cities don't have a pipe dream of home ownership.
Looks like construction has begun on twin 600 footers in Century City: http: //urbanize.la/post/construction-underway-25-billion-century-plaza-redevelopment
Quote:
The project, which has been considered in some shape or form for nearly a decade, is starting with the refurbishment of the 50-year-old hotel, which sits at the southwest corner of Constellation Boulevard and Avenue of the Stars. Architecture firms Gensler and Marmol Radziner will build upon the historic design by Minoru Yamaski, converting the upper floors of the 16-story edifice into 63 condominiums and retaining 400 hotel rooms and 93,000 square feet of commercial space on its lower levels.
At the back of the property, plans call for the demolition of hotel amenities followed by the construction of twin 46-story towers with a combined total of 300 condominiums. Architecture firm Pei Cobb Freed & Partners has designed the two buildings in the shape of Reuleaux triangles, mimicing Yamasaki's iconic Century Plaza Towers across Avenue of the Stars.
Not a big fan of CC, but their skyline has always been quite nice and getting better. The Westside is so NIMBY it's a miracle anything gets built there, so it's nice to see a massive development like this one under construction.
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