PHILADELPHIA | Lowrise/General Developments Thread

[summersm343]

Autozone Picking Up a Tall and Triangular Neighbor off Aramingo?

Current view of 2507 Almond Street in Olde Richmond:


Project renderings:




Read/view more here:
https://www.ocfrealty.com/naked-phil...r-off-aramingo

[summersm343]

Construction Anticipated At 3811 Main Street In Manayunk

Current site:

Philly YIMBY’s recent site visit has shown that construction has not yet begun at a six-story, 36-unit apartment building at 3811 Main Street in Wissahickon, Northwest Philadelphia. The development will rise on the northeast side of the street, across from the Schuylkill River. The structure will span a 28,174-square-foot footprint and will offer 69,876 square feet and will include five commercial spaces and full sprinkling. A total of 46 parking spaces will be offered, which include four accessible and three electric vehicle spaces. In addition, space will be allocated for 12 bicycles. Permits list W-G Main Street LLC as the owner, David J. Plante of Ruggiero Plante Land Design as the design professional, and US Best Construction Inc. as the contractor. Construction costs are specified at $5.7 million.

Read/view more here:
https://phillyyimby.com/2022/05/cons...ladelphia.html

[summersm343]

Construction Underway At 209-11 Delmar Street In Roxborough

Project renderings:




Current progress:

A recent site visit by Philly YIMBY has revealed that construction is underway at a 23-townhouse complex has been proposed at 209-211 Delmar Street in Manayunk, Northwest Philadelphia. Designed by Alma Architecture, the development combines the city’s traditional rowhouses with a courtyard typology as a solution for the deep-set, sloped site.

Read/view more here:
https://phillyyimby.com/2022/05/cons...ladelphia.html

[summersm343]

Construction Anticipated At 4401 Ridge Avenue In East Falls

Current site:




Project renderings:

Construction has not yet begun at a large mixed-use project at 4401 Ridge Avenue in East Falls, Northwest Philadelphia. Designed by Oombra Architects and developed by Atapco Properties, the development will span 178,837 square feet and hold 185 residential units, with 34 studios, 117 one-bedrooms units, and 34 two-bedroom apartments. A total of 4,760 square feet of commercial space will be located on the ground floor on Ridge Avenue, as well as 2,200 square feet of outdoor space. A 8,100-square-foot roof deck and a 3,400-square-foot green roof will be located atop the building. The project will also offer parking for 189 cars and 62 bicycles.

Read/view more here:
https://phillyyimby.com/2022/05/cons...ladelphia.html

[summersm343]

Renderings Revealed For 4701-15 Wayne Avenue In Germantown

Project renderings:




Current site:

Renderings have been revealed for a four-story multi-family building at 4701-15 Wayne Avenue in Germantown, Northwest Philadelphia. Designed by Moto Designshop, the new building will span 78,065 square feet and hold 90 residential units. The development will offer parking for 50 bicycles.

Read/view more here:
https://phillyyimby.com/2022/05/rend...ladelphia.html

[Broadcastthatboom]

Originally Posted by CleetMcDougle

Literally right next to Evil Genius. This stretch of front in blowing up in a massive way

Hopefully something soon then for the big empty block-long lot across the street!

[summersm343]

Originally Posted by Broadcastthatboom

Hopefully something soon then for the big empty block-long lot across the street!

There is already a project planned there. Boom!

Renderings have been revealed for a 204-unit mixed-use development at 1700 North Front Street in Fishtown, Kensington. Designed by NORR, the building will rise five stories tall and will feature 172,844 square feet of interior space, with 123,218 residential square feet, an additional 5,264 square feet of space reserved for amenities, and a ground-floor commercial space spanning 16,429 square feet. The residences will include 28 studios, 141 one-bedroom, and 35 two-bedroom units. The development will also include 70 bicycle spaces.

https://phillyyimby.com/2021/08/rend...ladelphia.html

[Busy Bee]

Looks good. Would look better if they just continued the same brick and not broken it up with that stucco looking nonsense.


Also, if you're going to render in Septa specific trains isn't it just as easy to use the correct ones? It's an extraordinary pet peeve of mine. Even worse if the renderings were created locally.

[Busy Bee]

Originally Posted by summersm343

This is one of my favorite current builds anywhere in the city. Perfect score. I hope it turns out as good as the renderings suggest.

[BroadandMarket]

I got an email from the Passyunk Square Association that Councilmember Mark Squilla is moving forward with bill to sell the Municipal Complex area at 1100 Wharton to Alterra. They're also buying/fixing up the handsome but run down police storage building at 11th and Reed here: https://goo.gl/maps/74KwdjUgF5WxBJte9
12th and Reed New rendering:


Old Rendering (yuck):


2020 Massing: https://drive.google.com/file/d/17-5...DZz5IMuBi/view
Old article: https://phillyyimby.com/2021/07/rend...ladelphia.html
https://www.passyunksquare.org/2019/...pdate-meeting/

[DeltaNerd]

Originally Posted by summersm343

Good to see the SLIV replacing the M4 cars

[blart]

5/25
York near Aramingo -

[skyhigh07]

Deleted

[UrbanRevival]

Looks like the sizable mixed-use project at 650 Fairmount should be starting up soon...

Madison Realty Capital Originates $102 Million Loan for Luxury Mixed-Use Development in Philadelphia

NEW YORK, May 26, 2022 (GLOBE NEWSWIRE) -- Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced that it has originated a $102 million loan for the acquisition and construction of a 479,500 square foot mixed-use development located at 650 Fairmount Avenue in Fairmount, a fast-growing community within the Northern Liberties neighborhood of Philadelphia, Pennsylvania.

Located on a 4.1-acre development site, the property will comprise 327 multifamily units, 77 townhomes, 21,000 square feet of ground floor and below grade retail space, and 200 parking spaces.

https://www.globenewswire.com/news-r...ladelphia.html

[Aaamazarite]

Originally Posted by Busy Bee

This is one of my favorite current builds anywhere in the city. Perfect score. I hope it turns out as good as the renderings suggest.

One of my favorites too but I think it's been delayed unfortunately--

[skyhigh07]

Philadelphia's recent population decline among largest of major U.S. cities, Census estimates show

https://www.bizjournals.com/philadel...tion-loss.html

Old news, not sure why it’s making the rounds again but saw the article linked on FB and it always gives the Negadelphians the chance to pile on. I swear they were doom and gloom even before the pandemic when the city was booming. I think you were right Summers, as long as another wrench isn’t thrown into things, these stats aren’t the end of the world. Virtually every major city took a hit during Covid (SF faired the worst) and it’ll take some time to rebound. Now obviously that will largely depend on what the city does going forward but we’re essentially at the same baseline for most if not all other major cities.

The top 15 largest cities remained the same as in 2020 although more than half experienced decreases in their population between 2020 and 2021: New York, New York (-305,465); Los Angeles, California (-40,537); Chicago, Illinois (-45,175); Houston, Texas (-11,777); Philadelphia, Pennsylvania (-24,754); San Diego, California (-3,783); Dallas, Texas (-14,777); San Jose, California (-27,419); and Indianapolis, Indiana (-5,343).

[Nova08]

Originally Posted by skyhigh07

Philadelphia's recent population decline among largest of major U.S. cities, Census estimates show

https://www.bizjournals.com/philadel...tion-loss.html

Old news, not sure why it’s making the rounds again but saw the article linked on FB and it always gives the Negadelphians the chance to pile on. I swear they were doom and gloom even before the pandemic when the city was booming. I think you were right Summers, as long as another wrench isn’t thrown into things, these stats aren’t the end of the world. Virtually every major city took a hit during Covid (SF faired the worst) and it’ll take some time to rebound. Now obviously that will largely depend on what the city does going forward but we’re essentially at the same baseline for most if not all other major cities.

The top 15 largest cities remained the same as in 2020 although more than half experienced decreases in their population between 2020 and 2021: New York, New York (-305,465); Los Angeles, California (-40,537); Chicago, Illinois (-45,175); Houston, Texas (-11,777); Philadelphia, Pennsylvania (-24,754); San Diego, California (-3,783); Dallas, Texas (-14,777); San Jose, California (-27,419); and Indianapolis, Indiana (-5,343).

And probably one of the most skewed YoY census reports of our generation.

PBJ was on fire today...Pew being Pew

New report finds most Philadelphians believe reducing local business taxes would increase profits, not jobs
https://www.bizjournals.com/philadelphia/news/2022/05/25/philadelphia-taxes-business-wealth-report.html

About half of Philadelphia residents polled said city tax dollars should be spent on job growth through economic development, but most believe cutting taxes for businesses is not the answer. Just 44% of respondents think that reducing the city tax on businesses would help add jobs, according to Pew. That compares to 55% that said a reduced tax would ultimately just benefit the bottom lines of Philadelphia companies.

[skyhigh07]

^^Not a surprising spread. Frankly, I thought it’d be more like 70/30.

[summersm343]

Originally Posted by skyhigh07

Philadelphia's recent population decline among largest of major U.S. cities, Census estimates show

https://www.bizjournals.com/philadel...tion-loss.html

Old news, not sure why it’s making the rounds again but saw the article linked on FB and it always gives the Negadelphians the chance to pile on. I swear they were doom and gloom even before the pandemic when the city was booming. I think you were right Summers, as long as another wrench isn’t thrown into things, these stats aren’t the end of the world. Virtually every major city took a hit during Covid (SF faired the worst) and it’ll take some time to rebound. Now obviously that will largely depend on what the city does going forward but we’re essentially at the same baseline for most if not all other major cities.

The top 15 largest cities remained the same as in 2020 although more than half experienced decreases in their population between 2020 and 2021: New York, New York (-305,465); Los Angeles, California (-40,537); Chicago, Illinois (-45,175); Houston, Texas (-11,777); Philadelphia, Pennsylvania (-24,754); San Diego, California (-3,783); Dallas, Texas (-14,777); San Jose, California (-27,419); and Indianapolis, Indiana (-5,343).

I would put very little stock into these "Census" numbers. The yearly counts are deeply flawed, as it's been proven time and time again. The only time they actually truly "count" the population of the country is for the decennial count, but even those "counts" are flawed.

All this is showing is the people whom temporarily or permanently moved out due to COVID, with no immigration. Now that COVID is winding down, people are moving back to cities (especially more affordable cities like Philly), and immigration is picking up as well. I expect a population rebound for the 2022 "census count." Anybody whom claims Philadelphia is declining is blind and doesn't get out much. If they're building new homes in Strawberry Mansion and Allegheny West.... Philly is doing well.

Housing construction is at an all time high in Philly. houses are still selling briskly, rental units are 97% leased (which is higher than pre-COVID by the way and with more units on the market) across the city, and you're hearing of NO homes being abandoned and left to rot in certain parts of the city.... so how is Philadelphia declining exactly?

[summersm343]

Originally Posted by Nova08

And probably one of the most skewed YoY census reports of our generation.

PBJ was on fire today...Pew being Pew

New report finds most Philadelphians believe reducing local business taxes would increase profits, not jobs
https://www.bizjournals.com/philadelphia/news/2022/05/25/philadelphia-taxes-business-wealth-report.html

This is a sheer lack of education and knowledge on the matter to be frank and honest.... and maybe we can blame the media too. All of the reports and experts I've seen mention anything regarding this are not proposing a tax reduction for businesses at all (well, maybe for small businesses).... the experts are proposing a RESTRUCTURING of the business taxes in Philadelphia. Remove the BIRT and U&O taxes and increasing the commercial properties taxes. This would still charge businesses the same amount (in the form of rent) without them having to worry about paying Philly specific taxes if they open their business here. Shifting the tax burden to property is what every other successful city in this country has done. Businesses like things to be easy and uniform, and when you add these extra taxes on, coupled with the wage tax, and Philadelphia's reputation for businesses unfriendliness and high crime, and it's just another added layer that makes it harder for our city to attract businesses.