PHILADELPHIA | 1919 Market | 337 FT | 29 FLOORS - Page 6

cjPhilly · #**101** Posted **May 5, 2014, 8:07 PM**

Minor update from Brandywine's Q1 conference call (May 1):

We remain focused on our project at 1919 [Market Street] which is a mixed use project. We have obtained all final approvals. Finalized our development plan, identified our joint venture partner, are completing documentation of financing programs and we are planning to break ground on that in the next 120 days.

summersm343 · #**102** Posted **May 5, 2014, 8:18 PM**

Very nice! Bring it on! Just another tower breaking ground this year in Philly

Insoluble · #**103** Posted **May 5, 2014, 8:48 PM**

Have there been any revisions to the plan for this building? I hate to be that guy, but less than 400 ft just seems like such a wasted opportunity at this site.

JustSomeGuyWho · #**104** Posted **May 6, 2014, 5:16 AM**

Quote:

Originally Posted by Insoluble

Have there been any revisions to the plan for this building? I hate to be that guy, but less than 400 ft just seems like such a wasted opportunity at this site.

I'll join you; we can be "those guys".

Flyers2001 · #**105** Posted **May 20, 2014, 1:02 PM**

Ready for when they finally decide to do something.

Jawnadelphia · #**106** Posted **May 21, 2014, 7:10 PM**

So Brandywine Realty Trust is building the FMC Tower, Evo, perhaps another Cira tower -- all really cool designs. But for 1919 Market... this is the plan?? That lot could be home to a dramatic tower with a large imprint on the city's skyline. This plan is like ... just one of those Penn Center buildings.

Plokoon11 · #**107** Posted **May 21, 2014, 7:54 PM**

Maybe its taking awhile because they changed the plans?

Philly Fan · #**108** Posted **May 21, 2014, 8:06 PM**

Quote:

Originally Posted by Plokoon11

Maybe its taking awhile because they changed the plans?

That would be great. Hopefully, the symptoms of Tower Growth Syndrome that Brandywine exhibited at FMC, will spread to this site.

miesian · #**109** Posted **May 21, 2014, 8:46 PM**

Quote:

Originally Posted by Philly Fan

That would be great. Hopefully, the symptoms of Tower Growth Syndrome that Brandywine exhibited at FMC, will spread to this site.

Things have changed since the first wimpy proposal. It's time to upgrade.

domodeez · #**110** Posted **May 22, 2014, 5:17 AM**

Quote:

Originally Posted by miesian

Things have changed since the first wimpy proposal. It's time to upgrade.

Agree things have changed. Wouldn't be totally surprised if there are at least some condos incorporated into this one now. Especially at this location. Guessing the Center City rental market will have added 1,000 units over the 2-3 quarters (more?) that market opening will have been delayed. I expect the entire thing has been reevaluated. Doubt much else beyond rental/condo & height would have been reconsidered though. Condos, especially at this location, could be a good move right now.

It'll be interesting to see whether Post Bros' Atlantic Building goes rental and/or condo as well.

Kidphilly · #**111** Posted **May 22, 2014, 2:07 PM**

I believe Post at the Atlantic will be Rental based on earlier info

summersm343 · #**112** Posted **Jul 10, 2014, 6:28 PM**

Work will begin in the fall- says Brandywine

http://www.philly.com/philly/blogs/i...pposition.html

japmes · #**113** Posted **Jul 10, 2014, 6:37 PM**

Quote:

Originally Posted by summersm343

Work will begin in the fall- says Brandywine

http://www.philly.com/philly/blogs/i...pposition.html

Believe it when I see it.

Insoluble · #**114** Posted **Jul 10, 2014, 7:04 PM**

From the article linked above:

Quote:

Which is smart, Monahan adds: "This purchase allows Brandywine to control another key place on the board and eliminates the opposition from seeking to develop competing office space along this key office corridor. This should add value and vitality to (Brandywine's office) buildings across the street at 1900 Market and Commerce Square."

What I'm getting from this is that they care more about restricting office supply in order to prop up rent on their other properties than actually developing this lot. I half hope that they don't start work in the fall, the current proposal is so mundane.

iheartphilly · #**115** Posted **Jul 10, 2014, 7:28 PM**

Quote:

Originally Posted by Insoluble

From the article linked above:

What I'm getting from this is that they care more about restricting office supply in order to prop up rent on their other properties than actually developing this lot. I half hope that they don't start work in the fall, the current proposal is so mundane.

Maybe...but a few things to consider:
1) the current parcel of land is slated for a residential project.
2) Brandywine is currently developing FMC tower.
3) When FMC Corp vacates it corporate hqt location on Market St, that space will be available for another tenant.
4) Other parcels of land available in both CC and University City available to be develop as "Office" towers.

Also, does anyone know what % of office space is currently unoccupied? This could tell us if we need more or less office space.

1487 · #**116** Posted **Jul 10, 2014, 7:57 PM**

one of the most embarrassing vacant lots in center city. It will be a small miracle if we see something this fall. Maybe they really did just buy it to sit on it for years and prevent any other developers from proposing an office tower- as if there is really that kind of demand for a new class A building. Once FMC moves there will be a huge chunk of new space right in the CC core.