PHILADELPHIA-CAMDEN-WILMINGTON-ATLANTIC CITY-READING | Metro Development Thread

[Nomad9]

Hope that master plan is built out that way, or close. The west/north side is light years better than what was there before but has way too much surface parking.

[PhillyRising]

Originally Posted by mcgrath618

Depends on what you get. Their cheesesteaks hit the spot at 2 AM when you're intoxicated.

Their fried food is good, and their breakfast is good. I also really like the coffee.

I don't get all of the complaints that they stopped fresh slicing the deli meats. You're telling me that rather than going to Centrella's, you'd rather go to the Wawa at Darby and Manoa???

The lunch meat was better quality when they sliced it in store years ago than the pre sliced stuff they use now. I can tell the difference. I think it was just good for people who needed something quick.

Now if they could just configure their parking lots to not be utter chaos.....

[PHLtoNYC]

Rowan University looks to partner with developer on new arena as part of $500M in capital projects

https://www.bizjournals.com/philadel...ent-arena.html

[PhilliesPhan]

Here's an idea inspired by my run from Roxborough to Ardmore last night: the Paoli Local/Great Valley Flyer/Main Line Marathon!

SEPTA could partner with Philadelphia, Montgomery, Delaware, and Chester Counties to create a race that starts at Suburban Station and ends at Paoli. After messing around, I found the most optimal route that hits every SEPTA station along the Paoli/Thorndale Line. Not only could a full marathon to Paoli be held, but a half-marathon to Rosemont (Austin Memorial Park), a 10-miler to Ardmore, and a 10K to Lower Merion Township (Merion Botanical Park) would be possible. The money raised from registration could go towards a cause.

I think that something like this would be a hit if it were held! I initially named it the Paoli Local Marathon to keep it transit-themed, but the Great Valley Flyer Marathon could work as well.

[summersm343]

Originally Posted by PHLtoNYC

Rowan University looks to partner with developer on new arena as part of $500M in capital projects

https://www.bizjournals.com/philadel...ent-arena.html

Nice!!!

[summersm343]

ChristianaCare makes deal to buy shuttered Jennersville Hospital from Tower Health

Article behind paywall here:
https://www.bizjournals.com/philadel...er-health.html

[mcgrath618]

Should SEPTA build the King of Prussia Line?

https://www.inquirer.com/opinion/com...-20220616.html

[Urbanthusiat]

Life sciences keeps rolling.

Discovery Labs proposes 1 million square feet of new life sciences space in King of Prussia

Don't expect much to change all at once though.

The development would take place over phases with full buildout of the space targeted by 2030 or 2035.

[ZSuede]

Hyatt Place hotel in Newark, DE

[PHLtoNYC]

Small tech tidbit. For some reason Drexel fell out of the top 30 this year, (for a specific area of study / survey requirements).

After growing computer science program more than 600%, Swarthmore College among top-ranked schools for tech talent

https://www.bizjournals.com/philadel...-rankings.html

[iheartphilly]

Originally Posted by PHLtoNYC

Small tech tidbit. For some reason Drexel fell out of the top 30 this year, (for a specific area of study / survey requirements).

After growing computer science program more than 600%, Swarthmore College among top-ranked schools for tech talent

https://www.bizjournals.com/philadel...-rankings.html

Good find and nice to hear Swarthmore doing well in this program!

[PHLtoNYC]

The Promenade is still a disappointment, but good to see the long planned (and vacant) movie theater will have a new retailer. The former AMC theater has been demolished and will be replaced with more apartments. I wonder what will happen with the hulking Sears property?

For those familiar with Granite Run / Delaware County. My old home base

At Home takes space at Promenade at Granite Run as development leases up

https://www.bizjournals.com/philadel...anite-run.html

[PHLtoNYC]

Morgan Properties pays $8.5M for 5-acre Millennium IV parcel in Conshohocken

https://www.bizjournals.com/philadel...Pos=0#cxrecs_s

The three Millennium buildings were developed between 2000 and 2002 by O’Neill Properties Group and were part of revitalization efforts along the waterfront in Conshohocken. The fourth parcel was originally slated to be developed with a nine-story, 450,000-square-foot office building but that project never materialized. The borough stripped the property of any multifamily zoning after concluding Conshohocken had enough of that type of property use.

The parcel at 235 Washington St. is approved for a 150,000-square-foot office building but plans for the site are undecided at this time, said Jeff Mack of Newmark, who arranged the transaction.

[EastSideHBG]

Originally Posted by PHLtoNYC

Morgan Properties pays $8.5M for 5-acre Millennium IV parcel in Conshohocken

https://www.bizjournals.com/philadel...Pos=0#cxrecs_s

The three Millennium buildings were developed between 2000 and 2002 by O’Neill Properties Group and were part of revitalization efforts along the waterfront in Conshohocken. The fourth parcel was originally slated to be developed with a nine-story, 450,000-square-foot office building but that project never materialized. The borough stripped the property of any multifamily zoning after concluding Conshohocken had enough of that type of property use.

The parcel at 235 Washington St. is approved for a 150,000-square-foot office building but plans for the site are undecided at this time, said Jeff Mack of Newmark, who arranged the transaction.

Unfortunate news, they ruin everything they touch in a relatively short amount of time.

[Redddog]

Originally Posted by PHLtoNYC

Morgan Properties pays $8.5M for 5-acre Millennium IV parcel in Conshohocken

https://www.bizjournals.com/philadel...Pos=0#cxrecs_s

The three Millennium buildings were developed between 2000 and 2002 by O’Neill Properties Group and were part of revitalization efforts along the waterfront in Conshohocken. The fourth parcel was originally slated to be developed with a nine-story, 450,000-square-foot office building but that project never materialized. The borough stripped the property of any multifamily zoning after concluding Conshohocken had enough of that type of property use.

The parcel at 235 Washington St. is approved for a 150,000-square-foot office building but plans for the site are undecided at this time, said Jeff Mack of Newmark, who arranged the transaction.

I can see this parcel from my office building.

[PHLtoNYC]

Greater Philadelphia median home sales prices are at a record $337,990. Here's what that will buy you around the region.

https://www.bizjournals.com/philadel...Pos=0#cxrecs_s

[TonyTone]

https://www.delawareonline.com/story...on/4464865002/

401 A ST Apartment project.



https://delawarebusinessnow.com/2022...verfront-area/

340 S Market ST Apartment Project.

[TonyTone]

South Wilmington Watershed park.

[SouthCentralPA]

^^ Loving all these aerial photos Tony! Hope to see you posting more of them in all of the threads.

[Urbanthusiat]

Did a little number crunching of BLS data to see how Philly's post-covid recovery compares to other cities in the Northeast. Turns out, the number's actually look pretty solid for Philly (and eastern PA as a whole). Below is a list of MSA's sorted by nonfarm employment in May '22 over the MSA's peak nonfarm employment since January 2012 for MSA's with employment > 100k. Four Pennsylvania MSA's crack the top 10 with Harrisburg being the only MSA in the northeast that's actually currently at peak employment, with Allentown coming in at #2, York #5, and Philly at #7. I also looked at the longer term trend and compared today to January 2012. Believe it or not, in the last 10 years, Philly MSA has actually (barely) added more total jobs than the DC MSA (298,700 vs 298,400), but that's not the common narrative. As a percentage Philly does even better than DC. I also looked at job growth relative to the entire set and looked at the "% Chg Wgt" which is the relative change in weight each MSA has compared to the set over the last 10 years (e.g. 0% = growth proportional to the set). Philly had a rate of 0.8% which means it grew slightly faster than the set as a whole.


MSA | % of Peak | January 2012 Total | May 2022 Total |10-yr Total Chg | % Chg Wgt

1. Harrisburg-Carlisle, PA | 100.0% | 315 | 357.1 | 42.1 | 2.8%
2. Allentown-Bethlehem-Easton, PA-NJ | 99.4% | 336.8 | 385.6 | 48.8 | 3.8%
3. Providence-Warwick, RI-MA NECTA | 98.3% | 536.8 | 598.6 | 61.8 | 1.1%
4. Trenton, NJ | 97.9% | 238.8 | 281.6 | 42.8 | 6.9%
5. York-Hanover, PA | 97.8% | 175 | 187.4 | 12.4 | -2.9%
6. Baltimore-Columbia-Towson, MD 97.7% | 1284.7 | 1415.8 | 131.1 | -0.1%
   
7. Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | 97.6% | 2667.5 | 2966.2 | 298.7 | 0.8%
8. Worcester, MA-CT NECTA | 97.6% | 261.7 | 286.9 | 25.2 | -0.6%
9. Springfield, MA-CT NECTA | 97.6% | 304.9 | 337.1 | 32.2 | 0.3%
10. Boston-Cambridge-Nashua, MA-NH NECTA | 97.4% | 2443.5 | 2784.5 | 341 | 3.3%
11. Washington-Arlington-Alexandria, DC-VA-MD-WV | 97.1% | 2994.9 | 3293.3 | 298.4 | -0.3%
12. Portland-South Portland, ME NECTA | 97.1% | 185.2 | 212.8 | 27.6 | 4.2%
13. New Haven, CT NECTA | 96.9% | 267.6 | 293 | 25.4 | -0.7%
14. Atlantic City-Hammonton, NJ | 96.5% | 130.5 | 136.6 | 6.1 | -5.1%
15. Lancaster, PA | 96.3% | 222.7 | 253.4 | 30.7 | 3.2%
16. New York-Newark-Jersey City, NY-NJ-PA | 95.9% | 8636.7 | 9734.9 | 1098.2 | 2.2%
17. Scranton--Wilkes-Barre--Hazleton, PA 95.8% | 249.4 | 257.9 | 8.5 | -6.2%
18. Albany-Schenectady-Troy, NY | 95.7% | 428 | 459.2 | 31.2 | -2.7%
19. Hartford-West Hartford-East Hartford, CT NECTA | 95.5% | 547.4 | 570.8 | 23.4 | -5.4%
20. Pittsburgh, PA | 95.4% | 1130.5 | 1150.7 | 20.2 | -7.7%
21. Manchester, NH NECTA | 95.3% | 101 | 113.2 | 12.2 | 1.6%
22. Buffalo-Cheektowaga-Niagara Falls, NY | 95.0% | 530.7 | 545.4 | 14.7 | -6.8%
23. Syracuse, NY | 94.9% | 303.6 | 308.1 | 4.5 | -8.0%
24. Rochester, NY | 94.5% | 505.9 | 519.1 | 13.2 | -6.9%
25. Bridgeport-Stamford-Norwalk, CT NECTA | 94.3% | 391.1 | 395.3 | 4.2 | -8.3%
26. Hagerstown-Martinsburg, MD-WV | 94.3% | 98.5 | 103.3 | 4.8 | -4.9%
27. Reading, PA | 93.6% | 165.5 | 172.5 | 7 | -5.5%
28. Utica-Rome, NY | 93.4% | 124.9 | 121.5 | -3.4 | -11.8%
29. Erie, PA | 93.1% | 127.8 | 123.1 | -4.7 | -12.6%
30. Burlington-South Burlington, VT NECTA | 93.0% | 116.1 | 119.7 | 3.6 | -6.5%
31. Salisbury, MD-DE | 93.0% | 132.6 | 164.7 | 32.1 | 12.6%
32. Norwich-New London-Westerly, CT-RI NECTA | 90.4% | 126.4 | 121.5 | -4.9 | -12.8%
33. Binghamton, NY | 89.8% | 104.6 | 97.8 | -6.8 | -15.2%
34. Barnstable Town, MA NECTA | 82.4% | 87.9 | 101.9 | 14 | 5.1%

Fortunately, BLS breaks out Philly into multiple different parts better than most MSAs, so I was able to look do the same analysis on the region. South Jersey is the only part of the MSA that's at peak employment right now.

Philly MSA Component | % of Peak | January 2012 Total | May 2022 Total |10-yr Total Chg | % Chg Wgt

1. Camden, NJ Metropolitan Division | 100.0% | 493.7 | 564.6 | 70.9 | 2.8%
2. Montgomery County-Bucks County-Chester County, PA Metropolitan Division | 98.3% | 979.2 | 1086.1 | 106.9 | -0.3%
3. Wilmington, DE-MD-NJ Metropolitan Division | 96.5% | 326.6 | 359.2 | 32.6 | -1.1%
4. Philadelphia County, PA | 95.4% | 650.5 | 723.9 | 73.4 | 0.1%
5. Delaware County, PA | 94.0% | 217.5 | 232.4 | 14.9 | -3.9%