PHILADELPHIA | 1300 Fairmount | 185 FT | 14 FLOORS
Title: 1300 Fairmount
Project: Residential/commercial/retail Architect: Cope Linder Developer: RAL Development Location: 1300 Fairmount Ave. Philadelphia, PA Neighborhood: Spring Arts District: North Philadelphia Floors: 14 floors Height: 185 feet http://cdn.phillymag.com/wp-content/...3.57.32-PM.png http://cdn.phillymag.com/wp-content/...1287936281.png PDF here: http://www.phila.gov/CityPlanning/pr...DR_ForWEB2.pdf - $15 million to Broad Street Holdings LP to build a supermarket, two parking levels, "two residential towers, and 27 residential rowhomes" at 1300 Fairmount Ave., which the state calls a "pivotal knuckle" of North Broad St., and New York developer RAL Companies says is "at the tipping point" for the 860,000 sf development. Read more at http://www.philly.com/philly/blogs/i...uRSEXYLM1PY.99 http://www.ralcompanies.com/project-list.php |
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I like how the setback respects views of the Divine Lorraine on all noteworthy sides. This would be a crazy awesome development for that neighborhood and North Broad in general.
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If this ever gets built this truly would be the game changer for that area. Could spur along the divine Lorraine/Met into getting fixed too. Wow just imagining those 3 things done could change the dynamic of that part of the city. Blumenfeld seems to really just be full of hot air though so Idk.
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would be nice to see this happen, but this seems like a longshot. Maybe if the DL happens it will make this more likely.
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They're doing work on the Divine Lorraine now guys. Have you been by?
Looks like Blumenfeld is also starting work on the "Mural Lofts" at Broad and Spring Garden. |
I noticed in the last week or two that someone finally started tearing down the decrepit brick buildings at the triangle where Mt Vernon, Ridge, and 13th meet. I don't see anything there in the renderings, but I do wonder if that's related.
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I like the mini mansion row homes
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1. this looks like a typical pie in the sky proposal put together by a lender and developer friend to flip the land. 2. is gov wolf really cutting checks for development projects? I know rendell used to.. corbett ended it, where does wolf stand?
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Doesn't seem to be a good use of taxpayer funds to create more multifamily / retail projects when these are getting done without anyway. I believe the program was originally intended for projects w/ significant job creation (e.g., Augusta helicopter plant). |
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Article from Hidden City on the project. Not really any new info:
http://hiddencityphila.org/2015/04/m...rmount-avenue/ |
Another article on this on Plan Philly
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If this is a real project, i'll eat my hat
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well one issue is that they are clearly saying without a substantial subsidy the project wont happen.
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http://planphilly.com/uploads/media_....752.360.c.png http://planphilly.com/uploads/media_....752.495.s.png This week, the lights should come on, when developers with RAL Companies of New York present their proposals to the Planning Commission, and two City Council committees consider bills that would grant the project various exemptions related to loading and curb cuts. Those discussions have led, so far, to plans for two apartment towers and a supermarket on Ridge Avenue. Preliminary site plans—the Levines stressed that the proposal is in flux—also show a small group of townhomes at the corner of 13th and Wallace streets, to be built in a future phase of construction. At this point, the plans include approximately 480 apartments with 580 parking spaces, shared between the residents and the supermarket customers. The project would reach a maximum height of 221 feet on the western tower, and contain 83,000 square feet of retail space. The apartments would be placed above the parking structure on the fifth floor, and the developers plan to claim a floor-area bonus for open space on the site. The complex will have 168 bicycle parking spaces. Last week, the state granted Eric Blumenfeld a $3.5 million grant from the Redevelopment Assistance Capital Program (RACP). For the 1300 Fairmount project, RAL is shooting a bit higher: they’ve applied for a RACP grant worth $15 million. Robert Levine said they’d also consider seeking federal New Market Tax Credits. http://planphilly.com/articles/2015/...ine-s-backyard |
I thought the state just realeased its list of projects that were getting grants. Not sure when this project team would find out if they are getting anything- I thought the grants were distributed once a year.
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Supermarket, apartments to go up next to the Divine Lorraine
From the Philadelphia Business Journal http://www.bizjournals.com/philadelp...fairmount.html |
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