Pa: Philly vs Pittsburgh

[thedirtypirate]

Originally Posted by speagles84

The Almono project is nearly 2 billion alone. The lower hill is 1.5 billion. Sounds to me you don't know much at all about your neighbor to the west

Nice that's awesome, What exactly are they? That's a lot of investment into single projects.

[RightonWalnut]

Originally Posted by thedirtypirate

Nice that's awesome, What exactly are they? That's a lot of investment into single projects.

Both of them are basically master plans for an entire site. They're not really individual projects, but master plans for a collection of projects:

Almono
BIG plans unveiled for Pittsburgh's Lower Hill district

These are no different than the Navy Yard or the Drexel Innovation Neighborhood:

http://www.bizjournals.com/philadelp...r-for-its.html
The Navy Yard | A Campus Built for Business Growth | Philadelphia, PA

[Ant131531]

Originally Posted by thedirtypirate

https://www.centercityphila.org/docs...velopments.pdf

6.7 billion dollars of investment from south street to spring garden, river to river. Also I hate to break it to you but there is billions of dollars of investment in University City too: http://www.universitycity.org/sites/...y%202016_0.pdf
6.7+4.5= more than 10B around the core.

That includes proposed since it says "in the pipeline". It also includes projects that were completed. I was specifically referring to projects that are currently under construction.

Look, it's obvious Philly has a lot more development than Pittsburgh does, but exaggerating stats to make a point is wrong.

[thedirtypirate]

Originally Posted by Ant131531

That includes proposed since it says "in the pipeline". It also includes projects that were completed. I was specifically referring to projects that are currently under construction.

Look, it's obvious Philly has a lot more development than Pittsburgh does, but exaggerating stats to make a point is wrong.

well rainrock misspoke a little, but he was a lot more right than you were.

[RightonWalnut]

Originally Posted by Ant131531

It's going to be interesting to see if Forbes has Philly as 10 billion under construction for its 2015 "Cities with the most construction" because I strongly doubt 10 billion worth of investment and construction is going on in Center City. 1 or 2 billion? Sure, but 10 billion? Let's not exaggerate numbers especially when you don't have any proof or stats. No city has 10 billion dollars of construction in their central core. None.

Your largest project, the Comcast innovation center is 806 million. Most residential highrise projects average between 60-100m. Unless you have 50 highrises going up, I don't see how you have 10 billion in construction in Center City alone. In fact, the entire MSA doesn't have more than 5 billion in construction.

Respectfully, you're wrong. There is probably about $10 billion in construction in Center City and University City alone, and that doesn't include the rest of the city. Also, Comcast Innovation Center is $1.2 billion. Where did you get your number from? Also, the Penn New Patient Pavilion is the most expensive single building under construction right now in Philadelphia at $1.5 billion.

Philadelphia Center City and University City large scale projects

Comcast Innovation and Technology Center - $1.2 billion office/hotel project
Comcast Innovation and Technology Center

FMC Tower at Cira Centre South - $385 million office/residential project
Groundbreaking Ceremony Held For ‘Cira South’ Skyscraper in West Phila. « CBS Philly

W Hotel & Element by Westin - $285 million hotel project
Work Starts at Center City's 51-Story W/Element Hotel Development | Property | Philadelphia Magazine

SLS International Hotel and Residences - $220 million hotel/condo project
SLS Hotels hopes to seize upon Phila.'s new cachet with Broad St. project - philly-archives

East Market - $500 million office/apartment/retail project
http://6abc.com/realestate/concrete-...opment/848223/

uCity Square - $1 billion office/apartment/commercial/retail project
Massive $1B uCity Square Project Could Benefit Community - Development Watch - Curbed Philly

Children's Hospital of Philadelphia at $700 Schuylkill - $350 million office/research project
PlanPhilly | CHOP presents Schuylkill River research/office tower to PCPC

One Riverside - $100 million condo project
Changes For Carl Dranoff's Proposed One Riverside Project

1601 Vine - $120 million apartment/commercial project
http://www.bizjournals.com/philadelp...-32-story.html

Mormon Temple - $70 million church project
http://www.bizjournals.com/philadelp...on-temple.html

205 Race - $65 million apartment project
Ground Broken at 205 Race Street for Flashy Apartment Tower

One Water Street - $50 million apartment project
Developer to add ground-floor retail at One Water Street project - philly-archives

500 Walnut - $140 million condo project
500 Walnut Secures Construction Loan, Sees Big-Time Sales - Property

1919 Market - $148 million apartment/commercial project
Work starts 'immediately' on 29-story apt. tower at 1919 Market St.

Penn New Patient Pavilion - $1.5 billion medical project
Foster + Partners Will Design $1.5 Billion Penn Health Systems Tower Project | Property | Philadelphia Magazine

Museum Towers II - $70 million apartment project
Coming Soon: Museum Towers, Part Deux | Naked Philly

1900 Chestnut - $150 million apartment/retail project
Boyd Theatre Project: Will the Cecil Baker's Design Redo Make the Grade?

1529 Walnut - $40 million apartment/retail project
Pearl Properties Bringing Under Armour Flagship, Apartments to Walnut Street

1213 Walnut - $125 million apartment project
Work starting on 1213 Walnut apartment project - philly-archives

3201 Race - $55 million apartment/commercial project
Drexel courts permanent residents - philly-archives

Penn Medicine Center for Advanced Cellular Therapeutics - $305 million medical/research project
Perelman Center For Advanced Medicine South Tower | University of Pennsylvania Facilities and Real Estate Services

2400 Market - $100 million apartment/office/hotel/commercial project
http://www.bizjournals.com/philadelp...ds-for-42.html

3601 Market - $110 million apartment/retail project
Surface Lot Begone! 3601 Market is a Go | Naked Philly

3737 Chestnut - $97 million apartment project
3737 Chestnut Apartment Tower - Radnor Property Group

The Summit - $170 million Drexel dormitory/retail project
Drexel Breaks Ground for Lancaster Avenue and 34th Street Development | Now | Drexel University

Buerger Center for Advanced Pediatric Care - $600 million medical/research project
http://www.bizjournals.com/philadelp...utpatient.html

Dalian on the Park - $160 million apartment/commercial/retail project
http://www.bizjournals.com/philadelp...rt-museum.html

The Study Hotel at University City - $50 million hotel project
Hotel News: The Study at University City Breaks Ground - Property

Penn New College House at Hill Square - $125 million Penn dormitory project
https://www.multihousingnews.com/pos...-hill-field-2/

1100 Chestnut - $70 million residential/retail/commercial project
$60-$70 million Chestnut Street residential development set to begin - philly-archives

The Fashion Outlets of Philadelphia - $575 million retail project
The Secret Plans for The Gallery Have Finally Been Revealed - Property

Total Center City/University City Major Development Costs: $8.9 billion

So yeah, that's nearly $9 billion of MAJOR projects under construction with shovels in the ground in just Center City and University City alone. That's not including any smaller projects. That's also not including any renovation/redevelopment projects of existing buildings beside the Gallery. That's also not including anything in North, South, West, Southwest, Northwest, Northeast Philly either. And that's not including anything in the surrounding suburbs.

So yeah, once again you don't really know what you're talking about.

[RightonWalnut]

Originally Posted by Ant131531

That includes proposed since it says "in the pipeline". It also includes projects that were completed. I was specifically referring to projects that are currently under construction.

Look, it's obvious Philly has a lot more development than Pittsburgh does, but exaggerating stats to make a point is wrong.

See my post above^^^

I just posted all major projects currently under construction in Center City and University City alone and the cost is nearly $9 billion. This only includes a ~4-5 square mile area of Philadelphia and it doesn't include any smaller projects. So yeah, Rainrock was right. I will gladly provide you with construction picture updates too if you don't believe me that these projects are currently underway.

[Shakeesha]

Originally Posted by Ant131531

That includes proposed since it says "in the pipeline". It also includes projects that were completed. I was specifically referring to projects that are currently under construction.

Look, it's obvious Philly has a lot more development than Pittsburgh does, but exaggerating stats to make a point is wrong.

Nothing was exaggerated to make a point. RightonWalnut was correct. You should go back and read his post before you go on the defense.

[RightonWalnut]

Originally Posted by Ant131531

It's going to be interesting to see if Forbes has Philly as 10 billion under construction for its 2015 "Cities with the most construction" because I strongly doubt 10 billion worth of investment and construction is going on in Center City. 1 or 2 billion? Sure, but 10 billion? Let's not exaggerate numbers especially when you don't have any proof or stats. No city has 10 billion dollars of construction in their central core. None.

Your largest project, the Comcast innovation center is 806 million. Most residential highrise projects average between 60-100m. Unless you have 50 highrises going up, I don't see how you have 10 billion in construction in Center City alone. In fact, the entire MSA doesn't have more than 5 billion in construction.

By the way... I know I already proved you wrong. It's laughable you think the MSA doesn't have more than $5 billion under construction when Center City/University City has about $9 billion under construction and that's not including the rest of the city, or the suburbs. I wouldn't be surprised if there was close to $15-$20 billion under construction in the metro now. Here is a list of some larger suburban projects underway in the Philadelphia area:

King of Prussia Town Center and the Village at Valley Force

First steps to make King of Prussia more urban and walkable. The project, which is part of a 125-acre mixed-use development that includes up to 3,000 residential units, 40 retail stores, 500 hotel rooms and several office buildings that are being developed in phases, marks the initial imprint of the Chevy Chase, Md.-based JBGR in Pennsylvania and likely will not be the company’s last.

King of Prussia Town Center on track to open in summer 2016
Shopping Center in King Of Prussia PA | Office Space | Retail Mall
KING OF PRUSSIA

Sora West - Conshohocken

Plans for SORA include two office towers with over 500,000 square feet of office space, three parking garages that will house over 1,500 spaces and a 16-story luxury hotel. Additionally, this complex will include restaurants, retail space, and a plaza for public events.

SORA WEST | Keystone Property Group

Liberty Property Trust Camden Waterfront Towers

The famous line from The Social Network seems apropos today, as the City of Camden has officially announced an ambitious plan to completely transform 16-acres of prime waterfront land between the Ben Franklin Bridge and the Adventure Aquarium.

Liberty Property Trust, the mega-developers behind the Navy Yard and Center City’s Comcast towers, will spearhead the $1 billion proposed development, the largest ever private sector investment in the city’s history.

If realized, the project will (largely) swap what seems like miles of surface parking lots for a live/work/play mix of glitzy office towers and low-rises, a residential component, lively restaurants and retail and even a hotel.

Massive $1 Billion Development Planned for Camden Waterfront

400 West Elm - Conshohocken

400 West Elm Street is a seven story 340,000 square foot LEED Platinum office building

Building Profile


9 Presidential Blvd - Bala Cynwyd

This new 120,000 SF five story office building located in Montgomery County will sit at the top of a hillside along the Schuylkill River and offer stunning view corridors both up and down the river. An adjacent structured parking facility is planned to house 440 parking spaces and will share an entrance courtyard and garden with the Nine Presidential lobby entrance. Retail space is being provided in the parking structure

Waiver granted early for proposed City Avenue district office project - Main Line Times - Main Line Media News
9 Presidential Blvd, Bala Cynwyd, PA, 19004 - Office Building Property for Lease on LoopNet.com


King of Prussia Mall Expansion

The 170,000-square-foot retail extension is part of an expansion that began a year ago to add 50 retailers, including nearly two dozen luxury brands, more restaurants, and a dining pavilion. The two-year project is set for completion in the fall of 2016.

The enlarged mall, already the second-largest in the country, will cover almost three million square feet, with 450 stores and restaurants. That's quadruple the size since King of Prussia opened its doors in 1963 as a 725,000-square-foot open-air shopping center.

King of Prussia Mall expansion taking form - philly-archives


Bisnow article of major projects here:
https://www.bisnow.com/philadelphia/...24?single-page