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  #14021  
Old Posted Aug 4, 2020, 5:10 AM
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EastSideHBG EastSideHBG is offline
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Location: Philadelphia Metro (Norristown, PA)
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Quote:
Originally Posted by eixample View Post
If true, wow



The two bedroom data isn't as impressive, but still good to not be in the red. I'm always suspicious about apartment asking rent data, but still worth posting. "The data is collected by Zumper from over 1 million active listings, including from Multiple Listings Service (MLS), in the 100 largest markets."
Such a double edged sword, on one hand you only become expensive when you're desirable. On the other hand the area has completely lost its advantages in this regard and it's going to be even more competitive and a tougher sell.
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  #14022  
Old Posted Aug 5, 2020, 1:16 PM
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summersm343 summersm343 is offline
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New Proposal and New Developer For 27th & Girard

Current site:


Project rendering:


Read more here:
http://www.ocfrealty.com/naked-phill...er-27th-girard
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  #14023  
Old Posted Aug 5, 2020, 2:25 PM
Redddog Redddog is offline
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Quote:
Originally Posted by summersm343 View Post
New Proposal and New Developer For 27th & Girard

Current site:


Project rendering:


Read more here:
http://www.ocfrealty.com/naked-phill...er-27th-girard
What a beautiful structure.
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  #14024  
Old Posted Aug 5, 2020, 2:48 PM
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summersm343 summersm343 is offline
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August CDR Submissions Part 2

1121-41 N. Delaware Ave. (Pier Village)
6-story 88 unit residential building with ground floor retail, and 28 4-story townhomes
PDF here:
https://www.phila.gov/media/20200805...20_reduced.pdf

230 N. 23rd St. (Edgewater II)
7-story 180 unit residential building
PDF here:
https://www.phila.gov/media/20200805...esentation.pdf

501 N. Columbus Blvd. & 601-61 N. Delaware Ave.
North Building: 7-stories, 265,000 sq ft of residential units, 16,000 sq ft of retail
South Building: 6-stories, 259,000 sq ft of residential units, 21,000 sq ft of retail
PDF here:
https://www.phila.gov/media/20200805...Submission.pdf
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  #14025  
Old Posted Aug 5, 2020, 3:04 PM
New2Fishtown New2Fishtown is offline
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Festival Pier! Finally!

Quote:
Originally Posted by summersm343 View Post
August CDR Submissions Part 2

1121-41 N. Delaware Ave. (Pier Village)
6-story 88 unit residential building with ground floor retail, and 28 4-story townhomes
PDF here:
https://www.phila.gov/media/20200805...20_reduced.pdf

230 N. 23rd St. (Edgewater II)
7-story 180 unit residential building
PDF here:
https://www.phila.gov/media/20200805...esentation.pdf

501 N. Columbus Blvd. & 601-61 N. Delaware Ave.
North Building: 7-stories, 265,000 sq ft of residential units, 16,000 sq ft of retail
South Building: 6-stories, 259,000 sq ft of residential units, 21,000 sq ft of retail
PDF here:
https://www.phila.gov/media/20200805...Submission.pdf
So glad to see movement on Festival Pier at long last. This may be a token gesture just to get everything filed and permitted before the end of 2020 to hold onto the current 10-year tax abatement pre the 2021 change, but encouraging to see the group take this somewhat significant step. Site plan and overall quality looks really strong from this submission. Nice to see them placing retail both at the mouth of the project but also along the river. Completing this project would be significant not just as a shot in the arm for the area's density, but for how much public park space we'd gain as another link in the waterfront system.
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  #14026  
Old Posted Aug 5, 2020, 3:55 PM
cardeza cardeza is offline
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Quote:
Originally Posted by New2Fishtown View Post
So glad to see movement on Festival Pier at long last. This may be a token gesture just to get everything filed and permitted before the end of 2020 to hold onto the current 10-year tax abatement pre the 2021 change, but encouraging to see the group take this somewhat significant step. Site plan and overall quality looks really strong from this submission. Nice to see them placing retail both at the mouth of the project but also along the river. Completing this project would be significant not just as a shot in the arm for the area's density, but for how much public park space we'd gain as another link in the waterfront system.
whoa, this is indeed major news. And long overdue.
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  #14027  
Old Posted Aug 5, 2020, 11:13 PM
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Jawnadelphia Jawnadelphia is offline
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Between the last two CDR meeting proposals -- there is something like 1500 new units planned for that stretch of Delaware Ave. now. ....Light rail???
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  #14028  
Old Posted Aug 5, 2020, 11:23 PM
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iheartphilly iheartphilly is offline
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^
I like the Columbus/Delaware Ave designs. These are visually attractive low rises. Page 23 of 31 in the .PDF file shows 16 different exterior materials being used on the project. I think that might be a record for the mixing and matching the exterior of a building.
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  #14029  
Old Posted Aug 6, 2020, 12:14 AM
Nova08 Nova08 is offline
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What percentage of the rather large number of residential buildings proposed since COVID do we actually think will be built. Don’t get me wrong, Philly had momentum before this but we were no Austin or Nashville. I have faith that workers and vibrancy will return to city centers, but it is still a big unknown.
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  #14030  
Old Posted Aug 6, 2020, 12:23 PM
cardeza cardeza is offline
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Quote:
Originally Posted by Nova08 View Post
What percentage of the rather large number of residential buildings proposed since COVID do we actually think will be built. Don’t get me wrong, Philly had momentum before this but we were no Austin or Nashville. I have faith that workers and vibrancy will return to city centers, but it is still a big unknown.
a lot of this is being rushed to get permits under current tax abatement law, I suspect many of these are nowhere near being funded and ready to go
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  #14031  
Old Posted Aug 6, 2020, 7:29 PM
PHLJD13 PHLJD13 is offline
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Quote:
Originally Posted by summersm343 View Post
August CDR Submissions Part 2

1121-41 N. Delaware Ave. (Pier Village)
6-story 88 unit residential building with ground floor retail, and 28 4-story townhomes
PDF here:
https://www.phila.gov/media/20200805...20_reduced.pdf

230 N. 23rd St. (Edgewater II)
7-story 180 unit residential building
PDF here:
https://www.phila.gov/media/20200805...esentation.pdf

501 N. Columbus Blvd. & 601-61 N. Delaware Ave.
North Building: 7-stories, 265,000 sq ft of residential units, 16,000 sq ft of retail
South Building: 6-stories, 259,000 sq ft of residential units, 21,000 sq ft of retail
PDF here:
https://www.phila.gov/media/20200805...Submission.pdf
Didn't 1121 N. Delaware Avenue already go to the CDR a year and a half ago?

Does anyone know why it's going for another round after all this time? Something to do with change of ownership? Lapsing of permits?

http://www.ocfrealty.com/naked-phill...are-waterfront
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  #14032  
Old Posted Aug 6, 2020, 9:56 PM
GtownFriend GtownFriend is offline
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Quote:
Originally Posted by PHLJD13 View Post
Didn't 1121 N. Delaware Avenue already go to the CDR a year and a half ago?

Does anyone know why it's going for another round after all this time? Something to do with change of ownership? Lapsing of permits?
Whatever else has changed, the design/layout of buildings is quite a bit different. Added apartments and retail, fewer townhouses.
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  #14033  
Old Posted Aug 10, 2020, 1:14 AM
Kevets Kevets is offline
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Quote:
Originally Posted by Redddog View Post
What a beautiful structure.
Disappointed but not surprised. Would not attend.
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  #14034  
Old Posted Aug 10, 2020, 11:59 AM
Boku Boku is offline
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Philly developers propose thousands of new apartments in a rush to beat the tax abatement change

https://www.inquirer.com/real-estate...-20200810.html

Quote:
All told, the August proposals would produce 3,600 new apartments — just slightly less than all the housing units that were approved in 2019. September’s agenda is likely to bring another bumper crop of apartments, including a thousand units in Northern Liberties alone. Among those angling for a hearing is developer Bart Blatstein, who has a new plan for his sprawling site at Broad and Washington, this time a 14-story apartment building.

It’s clear that the impending demise of the 10-year abatement is what’s driving these applications, but how many of these projects are likely to be built? Interest rates are now near zero, making it cheap to borrow. But are banks and investors really willing to gamble on speculative rental housing in Philadelphia?

Based on interviews with developers, urban planners and industry experts, the answer is a qualified yes. Not every pretty rendering submitted to the design review board will turn into an actual building. And the bigger projects, such as the 461-unit enclave on the former Festival Pier, will probably be built in phases. As long as developers produce construction drawings and obtain a building permit before the end of 2020, they are locked in under the 10-year abatement, even if they don’t actually start digging right away.

Given all the talk about people fleeing cities for the suburbs to escape the pandemic, developers here remain surprisingly bullish about Philadelphia’s future.
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  #14035  
Old Posted Aug 10, 2020, 4:17 PM
New2Fishtown New2Fishtown is offline
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Quote:
Originally Posted by Boku View Post
Philly developers propose thousands of new apartments in a rush to beat the tax abatement change

https://www.inquirer.com/real-estate...-20200810.html
Some very interesting tidbits in this article, including Post Brothers' proposal to demolish Liberties Walk and replace it with a 102-unit building of 3BR and 4BR apartments aimed at families who can't buy in the neighborhood. I get that Liberties Walk has never quite flourished, but all the same I'll be sort of sad to see it go given the unique character it creates in the area. Given that it's several blocks long, I wonder which blocks Post intends to redevelop?

Separately, the rendering provided in the article and posted in the Piazza Terminal thread shows an unnamed tower adjacent to the Terminal occupying the site where Post currently houses their offices in a 1-story warehouse. So I guess that's yet another redevelopment play.
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  #14036  
Old Posted Aug 10, 2020, 4:44 PM
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summersm343 summersm343 is offline
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Bank loans to fuel development of two apartment projects near Center City, despite COVID-19 downturn

2601 Poplar
4-floors
108-unit apartment building and ground floor retail



3029-31 W. Glenwood Ave
5-floors
49-unit apartment building with ground floor retail/commercial



Read more here:
https://www.inquirer.com/news/citize...-20200805.html
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  #14037  
Old Posted Aug 10, 2020, 5:12 PM
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summersm343 summersm343 is offline
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462 Units + Retail Proposed on Delaware Ave Near Rivers Casino

Current site work:


Renderings of project:




Read more here:
http://www.rising.realestate/462-uni...BAzcDYwISo6t48
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  #14038  
Old Posted Aug 10, 2020, 5:13 PM
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summersm343 summersm343 is offline
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106-Unit Building Proposed to Replace Parking Lot in Tacony

Current site:


Rendering of project:


Read more here:
http://www.rising.realestate/106-uni..._0pnWLQANeggz4
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  #14039  
Old Posted Aug 10, 2020, 5:17 PM
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summersm343 summersm343 is offline
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105 Units + Retail Proposed at Front and Berks in Kensington





Read more here:
http://www.rising.realestate/105-uni...PM18Bx3CbR5i3s
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  #14040  
Old Posted Aug 10, 2020, 5:18 PM
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summersm343 summersm343 is offline
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500+ Unit Development Moving Forward at Festival Pier Site?









Read more here:
http://www.rising.realestate/500-uni...S6tzbaIMCrX_Cs
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