PHILADELPHIA | 204 S. 12th Street | 398 FT | 32 FLOORS

[TK2001]

Philadelphia skyline by Philly SkyGuy, on Flickr

One South Broad, City Hall, and 210 South 12th Street by Philly SkyGuy, on Flickr

[summersm343]

https://www.ocfrealty.com/naked-phil...th-chancellor/

[TK2001]

210 South 12th Street by Philly SkyGuy, on Flickr

[Knight Hospitaller]

Wow. First time I've seen the red parts looking like the intended red.

[Mayormccheese]

Originally Posted by Knight Hospitaller

Wow. First time I've seen the red parts looking like the intended red.

Sexy

[myBrain]

Wow, the red was a bold choice, and they executed it really well.

[TK2001]

210 South 12th Street facade by Philly SkyGuy, on Flickr

If you stand on certain angles, you will have the blue glass overtake the sight of the red cladding and the red behind the glass gets completely covered with a reflection, you can see that on my other photo on post #343 (south face of the tower). The red is greatly seen in the sunlight, and is barely seen but noticable in the shade. I'm liking how it's turning out, but based off renderings all of the red metal is done being installed as the last four residential floors do not feature the red metal. We'll see some balconies on the north, east, and south faces too

[yuryphilly]

[Gatorade_Jim]

Originally Posted by yuryphilly

Hmmmmm.

[PHL10]

Originally Posted by Gatorade_Jim

Hmmmmm.

Are you thinking squat and clunky? I am.

[TK2001]

It's better than nothing. Also, the tower crane is now gone!

[TempleGuy1000]

Originally Posted by yuryphilly

I love the juxtaposition of the old and new in this photo. It is what makes Philly special.

[blart]

From 2/5, as seen from the 12th floor of Wills Eye -

[TK2001]

210 South 12th Street by Philly SkyGuy, on Flickr

[PHL10]

This morning. Looks like the exterior is getting close to complete.

[PHL10]

A new high-end Center City residential tower is hitting the market, just as many experts fear an apartment glut
The building has retail space, underground parking spaces with EV charging, and a suite of amenities that includes an outdoor pool.

https://www.inquirer.com/real-estate...-20240327.html

I didn't realize this but I think this was a good move on the developer's part:

The great majority of the units in Midwood’s building are studios and one-bedrooms, many of which have in-home offices. There are also 69 two-bedroom units and five three-bedroom units. Rents start at $1,675 for a studio or $3,579 for two bedrooms.

[PHLtoNYC]

Originally Posted by PHL10

A new high-end Center City residential tower is hitting the market, just as many experts fear an apartment glut
The building has retail space, underground parking spaces with EV charging, and a suite of amenities that includes an outdoor pool.

https://www.inquirer.com/real-estate...-20240327.html

I didn't realize this but I think this was a good move on the developer's part:

Given the location, it will do well. So much "expert" talk about an apartment glut, yet it hasn't happened.

Plus, there will be a slowdown in large projects coming online after this year, which is a good breather for absorption.

[BroadandMarket]

Hopefully completion of this means Midwood will start their 9th and Washington project which has been sitting for at least a year. Take this with a grain of salt but Yimby noticed some activity on the site and the Center City District yearly report says under construction...

https://phillyyimby.com/2024/03/cons...ladelphia.html

[aprice1828]

Originally Posted by PHLtoNYC

Given the location, it will do well. So much "expert" talk about an apartment glut, yet it hasn't happened.

Plus, there will be a slowdown in large projects coming online after this year, which is a good breather for absorption.

Checked the Ludlow, the building at the southwest corner of 11th & Market. They have 13 of 323 units available listed as available. 96% occupancy of a building renting at $3.70 per sq.ft. is not an apartment glut IMO.

[SEFTA]

The heart of the Gayborhood and it will show. As it should.