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  #14621  
Old Posted Dec 2, 2020, 3:57 PM
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Northbank, An 897-Unit Apartment And Townhouse Development, Is Underway



















Read/view more here:
https://phillyyimby.com/2020/11/nort...ensington.html
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  #14622  
Old Posted Dec 2, 2020, 3:59 PM
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Had no idea about this one!

Construction Progresses At 3200 Capri Drive, An 80-Unit Residential Complex In Packer Park, South Philadelphia







Read/view more here:
https://phillyyimby.com/2020/11/cons...ladelphia.html
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  #14623  
Old Posted Dec 2, 2020, 4:36 PM
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  #14624  
Old Posted Dec 2, 2020, 5:41 PM
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summersm343 summersm343 is offline
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Originally Posted by Urbanthusiat View Post
Nice! Can anyone read this article? Seems like there could be some juicy news in there.
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  #14625  
Old Posted Dec 2, 2020, 5:45 PM
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Originally Posted by summersm343 View Post
Nice! Can anyone read this article? Seems like there could be some juicy news in there.
Below are significant to what we typically discuss or want to know:


"Ground breaking is expected sometime during the first half of 2021 and the building expected to be completed over two years."

"A few tenants have already leased space at 3.0 University Place. Wistar Institute, a nonprofit research organization, signed a 10-year lease on 8,000 square feet in the building. Wistar has an option to take additional space in the future."

"The building will also include a 30,000-square-foot incubator that will be operated by Ben Franklin Technology Partners along with a floor dedicated to pre-built 2,500- to 10,000-square-foot “Growth Pods” with short-term and flexible leases for smaller-scale life science companies."
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  #14626  
Old Posted Dec 2, 2020, 5:46 PM
Rittenhouse1 Rittenhouse1 is offline
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Originally Posted by summersm343 View Post
Nice! Can anyone read this article? Seems like there could be some juicy news in there.
Here is the article:

*****

Silverstein Properties Inc. and Cantor Fitzgerald have made a $56 million investment in the development of 3.0 University Place, a proposed 250,000-square-foot life sciences building in the University City neighborhood of Philadelphia.

The two New York firms will join Philadelphia-based University Place Associates on the eight-story $100 million project that will have a combination of office and lab space. Under the terms of the deal, Silverstein and Cantor Fitzgerald own 90% of the development at 4101 Market St. and intend to hold the property on a long-term basis.

*****

Last edited by summersm343; Dec 3, 2020 at 5:11 PM. Reason: **SNIPPED** Please don't post entire articles going forward
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  #14627  
Old Posted Dec 2, 2020, 5:54 PM
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^^Looking good! Thanks guys
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  #14628  
Old Posted Dec 2, 2020, 6:29 PM
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Just want to say that we should really avoid posting full articles if they aren't free. We should support local journalism, and making a subscription worthless by distributing the whole contents undercuts it. I think what iheartphilly did is fine, just summarize the key points.
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  #14629  
Old Posted Dec 2, 2020, 6:35 PM
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In any event: UCity Square posted an update on Twitter:

In 2020, the only type of party to have is a crane party.



Crazy how much construction is going on over here. Looks like the new school is wrapping up, the apartments are well underway, Drexel tower is about to go vertical, and UCity Square should be pouring foundations soon. Love to see it.
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  #14630  
Old Posted Dec 2, 2020, 7:43 PM
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summersm343 summersm343 is offline
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Originally Posted by Urbanthusiat View Post
Just want to say that we should really avoid posting full articles if they aren't free. We should support local journalism, and making a subscription worthless by distributing the whole contents undercuts it. I think what iheartphilly did is fine, just summarize the key points.
Agree. Thanks
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  #14631  
Old Posted Dec 2, 2020, 7:43 PM
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summersm343 summersm343 is offline
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Quote:
Originally Posted by Urbanthusiat View Post
In any event: UCity Square posted an update on Twitter:

In 2020, the only type of party to have is a crane party.



Crazy how much construction is going on over here. Looks like the new school is wrapping up, the apartments are well underway, Drexel tower is about to go vertical, and UCity Square should be pouring foundations soon. Love to see it.
Amazing to see! Thanks for posting. Should be 2 tower cranes going up here shortly... one for the new Drexel building and one for One uCity Square
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  #14632  
Old Posted Dec 2, 2020, 10:49 PM
cardeza cardeza is offline
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Originally Posted by summersm343 View Post
Construction Progresses At 3200 Capri Drive, An 80-Unit Residential Complex In Packer Park, South Philadelphia







Read/view more here:
https://phillyyimby.com/2020/11/cons...ladelphia.html

wow at the south philly project. Never heard of that.
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  #14633  
Old Posted Dec 3, 2020, 2:11 AM
3rd&Brown 3rd&Brown is offline
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Originally Posted by summersm343 View Post
Northbank, An 897-Unit Apartment And Townhouse Development, Is Underway


Read/view more here:
https://phillyyimby.com/2020/11/nort...ensington.html
Just as an FYI. 32 of the for sale townhomes here went under agreement in the first 30 days.
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  #14634  
Old Posted Dec 3, 2020, 2:04 PM
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Agree. Thanks
You're a mod. Maybe remove the article?
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  #14635  
Old Posted Dec 3, 2020, 2:18 PM
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Northbank, An 897-Unit Apartment And Townhouse Development, Is Underway

Construction Progresses At 3200 Capri Drive, An 80-Unit Residential Complex In Packer Park, South Philadelphia
I'm all for large low-rise projects, but do either of these developments have a retail component? If not, the developers may as well be building suburban townhouses that require residents to drive elsewhere to do anything. I don't think the city should be allowing/encouraging this type of development as it's antithetical to the existing land use patterns throughout the city. If we have more residents driving cars then we're going to need more grocery stores/retail with parking. It would be a lot better if residents of these huge developments had places to walk to within their own neighborhoods/developments.
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  #14636  
Old Posted Dec 3, 2020, 4:38 PM
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Originally Posted by DudeGuy View Post
I'm all for large low-rise projects, but do either of these developments have a retail component? If not, the developers may as well be building suburban townhouses that require residents to drive elsewhere to do anything. I don't think the city should be allowing/encouraging this type of development as it's antithetical to the existing land use patterns throughout the city. If we have more residents driving cars then we're going to need more grocery stores/retail with parking. It would be a lot better if residents of these huge developments had places to walk to within their own neighborhoods/developments.
These are both terrible retail locations - especially in this economy. There's virtually zero foot traffic in either spot. Not sure any tenants would want to be there.
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  #14637  
Old Posted Dec 3, 2020, 5:12 PM
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summersm343 summersm343 is offline
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Originally Posted by DudeGuy View Post
I'm all for large low-rise projects, but do either of these developments have a retail component? If not, the developers may as well be building suburban townhouses that require residents to drive elsewhere to do anything. I don't think the city should be allowing/encouraging this type of development as it's antithetical to the existing land use patterns throughout the city. If we have more residents driving cars then we're going to need more grocery stores/retail with parking. It would be a lot better if residents of these huge developments had places to walk to within their own neighborhoods/developments.
Northbank does. Look at the renderings. The mixed-use multifamily buildings will both have retail components. Can't imagine the one in South Philly would though.
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  #14638  
Old Posted Dec 3, 2020, 5:13 PM
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Originally Posted by Justin7 View Post
You're a mod. Maybe remove the article?
I just snipped it
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  #14639  
Old Posted Dec 3, 2020, 6:22 PM
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Plans for life sciences building unveiled in West Philly Opportunity Zone
Wistar Institute will be lead tenant at 4101 Market Street

https://www.phillyvoice.com/west-phi...yHJ9SVH897UJIA
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  #14640  
Old Posted Dec 3, 2020, 6:55 PM
PHLtoNYC PHLtoNYC is offline
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Originally Posted by Knight Hospitaller View Post
Plans for life sciences building unveiled in West Philly Opportunity Zone
Wistar Institute will be lead tenant at 4101 Market Street

https://www.phillyvoice.com/west-phi...yHJ9SVH897UJIA
Involvement of two large New York firms - Silverstein and Cantor Fitzgerald, that is a big deal for potential future projects.
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