PHILADELPHIA | Lowrise/General Developments Thread

[nimshady]

Originally Posted by Jayfar

As I recall, demo of some portions of the sprawling complex was part of the plan, although I have no specifics.

Cool, glad to see it moving forward then.

[PHL10]

Originally Posted by Kfmcshan

Walnut Street Theatre announces a major expansion, set to start in 2020

Awesome! I HATE that parking lot so this at least makes it somewhat smaller.

[jsbrook]

Anyone have any info on the actual plans after the Wendy's at 11th and Walnut is demo'd? Midrise? How many stories? Retail?

[cardeza]

Originally Posted by jsbrook

Anyone have any info on the actual plans after the Wendy's at 11th and Walnut is demo'd? Midrise? How many stories? Retail?

I dont think anything was said beyond the site will be cleared for development

[jsbrook]

Originally Posted by cardeza

I dont think anything was said beyond the site will be cleared for development

Right, but some people here often have some inside info they can share at a general level. Like Aaamazarite.

[Aaamazarite]

Originally Posted by jsbrook

Right, but some people here often have some inside info they can share at a general level. Like Aaamazarite.

I don't have much info on this one except for one extra tidbit that I can't talk about (you'll hear about it soon). The new owner has tons of experience and has developed $2.5 Million sq ft of....

















... strip malls and retail pad sites.

[mcgrath618]

Originally Posted by Aaamazarite

I don't have much info on this one except for one extra tidbit that I can't talk about (you'll hear about it soon). The new owner has tons of experience and has developed $2.5 Million sq ft of....

















... strip malls and retail pad sites.

Is this a hint? Should we be worried?

[Knight Hospitaller]

^ Just the sort of experience needed to build a bigger, better Wendy’s!

[jsbrook]

Originally Posted by Aaamazarite

I don't have much info on this one except for one extra tidbit that I can't talk about (you'll hear about it soon). The new owner has tons of experience and has developed $2.5 Million sq ft of....






... strip malls and retail pad sites.

Lol. Ok, thanks. Guess we will know soon enough.

[Capsule F]

Originally Posted by Aaamazarite

I don't have much info on this one except for one extra tidbit that I can't talk about (you'll hear about it soon). The new owner has tons of experience and has developed $2.5 Million sq ft of....
















... strip malls and retail pad sites.

Sounds like Blatstein.

[Urbanthusiat]

Originally Posted by Capsule F

Sounds like Blatstein.

It's Abrams Realty and Development. The Inquirer article last month said so at least.

No towers in their portfolio, all low-rise strip malls: https://abramsrealty-dev.com/

[Jawnadelphia]

POD Hotel - nearly completed:



Houses in Logan Square - squeezing them in

[jsbrook]

Originally Posted by Urbanthusiat

It's Abrams Realty and Development. The Inquirer article last month said so at least.

No towers in their portfolio, all low-rise strip malls: https://abramsrealty-dev.com/

The plot is not really that big. I'm hoping for quality midrise. And if they can't pull it off alone, I hope they partner with someone.

[jsbrook]

The multi-story Starbucks at 19th and Chestnut has closed permanently. And seemingly very suddenly. I wonder if this could mean redevelopment of that building. It’s a reasonably wide plot that could accommodate a solid midsize or overbuild.

[Redddog]

Originally Posted by jsbrook

The plot is not really that big. I'm hoping for quality midrise. And if they can't pull it off alone, I hope they partner with someone.

Like a nice 4 story Wendys.

[Aaamazarite]

Originally Posted by jsbrook

The plot is not really that big. I'm hoping for quality midrise. And if they can't pull it off alone, I hope they partner with someone.

The site is going to be larger than people think. A demo permit got pulled by the same contractor for 1105 Walnut. I predict someone will call it "handsome" when its getting taken down.

[blorkishdork]

Adding in 1105 (which I agree is a handsome building) wouldn't be adding too much more space, unless some of the buildings on 11th (NYPD pizza etc) are also getting demoed, effectively squaring off the lot, then I could see a decent size building going up. I still hope that doesn't happen as those 4 story buildings are quite nice.

[Aaamazarite]

Originally Posted by blorkishdork

Adding in 1105 (which I agree is a handsome building) wouldn't be adding too much more space, unless some of the buildings on 11th (NYPD pizza etc) are also getting demoed, effectively squaring off the lot, then I could see a decent size building going up. I still hope that doesn't happen as those 4 story buildings are quite nice.

It's not a lot more sf but since it reaches back quite a ways it helps them for the open space requirement IF they are building 5 stories or less, which is what a developer who doesn't want to get into expensive construction would do-- when it comes to a retail developer delving into residential, that's what I expect. The NYPD guys own both of the buildings to the north and I don't see them selling-- they've put a lot of work into both buildings in the last few years.

In other news, the small 5-year-old retail building at 40th and Sansom just sold for $6.1 Million to the developer of the Dalian on the Park. There's no way the rents in those spaces justify that price so expect to hear something soon about that one.

[jsbrook]

Originally Posted by Aaamazarite

The site is going to be larger than people think. A demo permit got pulled by the same contractor for 1105 Walnut. I predict someone will call it "handsome" when its getting taken down.

Ah. The adjoining building? Yes, if that's included, that changes things a bit.

[jsbrook]

Originally Posted by Redddog

Like a nice 4 story Wendys.

Why would we need a 4 story Wendy's? The W hotel has earmarked 5 stories of the building for a Wendy's, and that is pretty close to this location. The existing Wendy's on Chestnut is turning into a safe injection clinic.