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-   -   PHILADELPHIA | The Development Thread VIII (http://forum.skyscraperpage.com/showthread.php?t=173431)

pwp Oct 5, 2010 8:07 PM

Quote:

Originally Posted by Parkway (Post 5005127)
Thats what I was trying to say. There are things about that area that could inflate statistics making it look worse than it is.

Exactly... great minds truly think alike :cheers:

thenbagis Oct 6, 2010 2:13 PM

I found this new website that lets you search neighborhoods in cities based on attributes (quiet, trendy, family, parks, etc). They are still new, so they don't have Philly yet, but on the front page you can suggest a city. May I suggest you ask for Philly?

http://nabewise.com/

I thought it was cool and would be helpful if you were moving to a new city (or someone was moving to our city).

We Got Five Oct 6, 2010 2:18 PM

There needs to be a changing of the guard in November 2011
 
Government says Phila. area lost 130,000 jobs in 3 years
Philadelphia Business Journal - by Athena D. Merritt Staff Writer

"The city of Philadelphia has lost jobs in eight of the past 12 months and as of August had an unemployment rate of 11.7 percent — the highest in the five-county region."

http://philadelphia.bizjournals.com/...l?surround=lfn

----------------------------------
Yes, the economy is terrible right now. But what has Michael Nutter done to keep/create jobs in Philadelphia. The answer is nothing. Sam Katz, Tom Knox, somebody, please help.

CentralGrad258 Oct 6, 2010 4:18 PM

Quote:

Originally Posted by thenbagis (Post 5004280)
speaking of North Broad...

Vetri and Co. Going Casual With an Italian Pub
By: Collin Keefe

http://philadelphia.grubstreet.com/2...sual_with.html



Vetri really likes N Broad...

Wow, that's a pretty large space for a bar. Anything that brings more life to North Broad is a good thing IMO. Now we need someone to rehab the Divine Lorraine and we'd be on to something.

thenbagis Oct 6, 2010 5:18 PM

:previous: Maybe we can get Vetri and partners to open an Italian style hotel there... they're doing just about every style of italian restaurant... ;)

thenbagis Oct 6, 2010 5:38 PM

Once site of big plans, parking lot sells for just $12 million
By Suzette Parmley
http://www.philly.com/philly/news/20...2_million.html

Quote:

An ordinary-looking parking lot at 1441 Chestnut St. that just two years ago seemed destined for hotel greatness - a Waldorf Astoria set amid a $420 million condo/retail/restaurant complex - went on the auction block Tuesday at the Union League.

"Going once. Going twice. Sold for $12 million!" exclaimed Douglas Johnson, of CB Richard Ellis Auction Services. He hammered the winning bid made on behalf of Brook Lenfest, of Brooks Capital Group L.L.C. in Bala Cynwyd, a onetime Waldorf project partner.

Fourteen Forty-One Chestnut certainly has location going for it - it sits on prime Center City real estate directly behind the Ritz-Carlton and its condo tower. And the site, zoned for 848,000 square feet of building space, has great potential - that was never in dispute.

pwp Oct 6, 2010 5:48 PM

Quote:

Originally Posted by We Got Five (Post 5006225)
Government says Phila. area lost 130,000 jobs in 3 years
Philadelphia Business Journal - by Athena D. Merritt Staff Writer

"The city of Philadelphia has lost jobs in eight of the past 12 months and as of August had an unemployment rate of 11.7 percent — the highest in the five-county region."

http://philadelphia.bizjournals.com/...l?surround=lfn

----------------------------------
Yes, the economy is terrible right now. But what has Michael Nutter done to keep/create jobs in Philadelphia. The answer is nothing. Sam Katz, Tom Knox, somebody, please help.

What city mayor can you point to as an example of someone who saved jobs for their city, amid the worst economic conditions in 70 years?

pwp Oct 6, 2010 5:59 PM

Quote:

Originally Posted by We Got Five (Post 5006225)
Government says Phila. area lost 130,000 jobs in 3 years
Philadelphia Business Journal - by Athena D. Merritt Staff Writer

"The city of Philadelphia has lost jobs in eight of the past 12 months and as of August had an unemployment rate of 11.7 percent — the highest in the five-county region."

http://philadelphia.bizjournals.com/...l?surround=lfn

----------------------------------
Yes, the economy is terrible right now. But what has Michael Nutter done to keep/create jobs in Philadelphia. The answer is nothing. Sam Katz, Tom Knox, somebody, please help.

Additionally, reference the first data table from the Bureau of Labor Statistics (http://www.bls.gov/sae/eetables/sae_annavg209.pdf)

I think you'll find that our metro as a whole fared much better than many others. Also, the 130,000 job loss figure pertains to the entire region. Note that Philadelphia lost fewer jobs than many other large cities, even when population size is considered. To me, these statistics would actually play in Nutter's favor.

We Got Five Oct 6, 2010 6:36 PM

pwp,

The center city business district has not grown in 35 years. Are we faring better than others? Yes. Does that make it productive?

Here's a question. The Phillies (30MM) and Flyers (13MM) generated more than 43MM in revenue for the city last year...but the budget gap grew. Where did that money go? Just curious. I'm not trying to be argumentative to you or anyone else here. I'm simply questioning local government on where this additional revenue was spent.

And this year -

Phillies’ success means millions of bucks
Philadelphia Business Journal - by John George Staff Writer

http://philadelphia.bizjournals.com/...l?surround=lfn

wanderer34 Oct 6, 2010 7:50 PM

The International house at Temple University seems too small, IMO. I was thinking it would be similar to the one at UC, but anything looks good for that area. Plus The city and Temple need to embark on a major infill program for Cecil B Moore Ave from Broad St to Ridge Ave. That stretch needs it big time!!!

We Got Five Oct 7, 2010 6:14 PM

Development on North Broad
 
Starr, Vetri in on N. Broad project
by Natalie Kostelni Staff Writer


http://philadelphia.bizjournals.com/...l?surround=lfn

blorkishdork Oct 7, 2010 6:27 PM

so... no new building fronting broad street? Are they just converting the 7 story structure behind it? If so, that is a little disappointing, tho its still good to see some development happening.

Edit: after looking at the street view, the building fronting 15th appears to be 6 stories not 7

aro1419 Oct 7, 2010 7:10 PM

Here's som new news on Foxwoods Casino. It's not very exciting or helpful, though.
http://www.philly.com/inquirer/local...principal.html:shrug:

CentralGrad258 Oct 7, 2010 8:04 PM

Quote:

Originally Posted by We Got Five (Post 5007922)
Starr, Vetri in on N. Broad project
by Natalie Kostelni Staff Writer


http://philadelphia.bizjournals.com/...l?surround=lfn

That really is a monster of a project. Hope they pull it off. Everyone involved has a history of following through on large-scale projects, but I worry that Starr is becoming a little ADD. The Fishtown Beer Garden seems like a long forgotten memory at this point, but the proposal was presented what, last spring?

stampy88 Oct 7, 2010 8:13 PM

Financial firm moving into Liberty One from Suburbs
 
http://www.philly.com/philly/blogs/i...rty_Place.html

Firm buys NY company, moves to top of Liberty Place
That vacant former Cigna Inc. suite on the 54th floor of One Liberty Place has a new tenant: Philadelphia Financial, a $3.5 billion-asset insurer of private-placement investments and life insurance for rich people, has taken the space for its headquarters as it plans mergers and foreign expansion. The firm is paying more than $30 a square foot, competitive for Center City.

Philadelphia Financial CEO John Hillman, a St. Joseph's University and Bishop Egan High graduate who founded the company in 1996, says he expects to hire more workers as his company expands. "We are on an acquisition trail, and we will build out internationally," he told me.

The firm is moving its 35 people high above Center City from its previous headquarters in Blue Bell this fall, after completing the expected purchase of Phoenix Life and Reassurance Co. of New York and moving the work here. The firm's AGL Life Assurance Co. unit will be renamed Philadelphia Financial Life Assurance Co.; Phoenix will be renamed Philadelphia Financial Life Assurance Co. of New York.

Philadelphia's a convenient base because it's close to financial markets in New York and financial regulators in Washington, but it's also less expensive and "cluttered" than those cities, Hillman added.

How can Philadelphia Financial afford to grow when markets are so slow? Philadelphia Financial is majority-owned by Tiptree Financial Partners, an affiliate of Tricadia Holdings, a bargain-hunting New York financial-investments group run by Michael Barnes for a group of institutional owners including JPMorgan Chase & Co., Bank of America Corp., and Union Bank of Switzerland (UBS).

The companies Philadelphia Financial now owns have faced a tough couple of years since the financial markets crashed in 2008, A.M. Best & Co. analysts Ken Johnson and Rosemarie Mirabella worte in a report yesterday. The "global economic crisis" drove AGL sales down "significantly" as its "ultra high net worth" customers surrendeed their policies. "There remains some uncertainty" about AGL's regaining that business "in the near term," they added.

The business has "historically profitable" but "uneven" results, according to their report. Still, following the deal, A.M. Best boosted AGL's financial-strength rating to A- from B+. Phoenix is rated A-.

Broker William J. Hirschman of Cushman & Wakefield leased the space for One Liberty.

We Got Five Oct 7, 2010 8:19 PM

We need about 200 more 35 person firms to move here...

EastSideHBG Oct 7, 2010 10:20 PM

Pew: Rate of people moving into Philly exceeds rate of those moving out

By Alfred Lubrano
Inquirer Staff Writer

In an encouraging trend, the number of people moving into Philadelphia has increased since 1993, according to a new report.

At the same time, the number of people moving out of the city remains greater than the influx. But the hemorrhage of residents is slowing, and the rate of people coming in is now higher than the rate of residents moving out.

That analysis comes from a report released Wednesday by the Pew Charitable Trusts' Philadelphia Research Initiative.

The report was based on IRS data, which is accurate but limited, and not as comprehensive as census data, scholars said.

Nevertheless, the report bolsters census estimates that the city's population has increased slightly over the last 10 years, said Larry Eichel, project director of the initiative and author of the report.

According to the 2000 census, 1,517,550 people lived in the city a decade ago. The latest population number, released last week in a 2009 census estimate, is 1,547,297 - an increase of around 30,000 people.

The city's population bump has been attributed to a greater number of births than deaths, and an influx of immigrants as well as empty nesters moving from the suburbs, scholars said.

According to the Pew report, the number of people moving into the city has increased steadily, up from 31,837 in 1993 to 42,250 in 2008.

Read more: http://www.philly.com/inquirer/home_...#ixzz11iLAAtph
Watch sports videos you won't find anywhere else

pwp Oct 8, 2010 2:24 PM

Quote:

Originally Posted by CentralGrad258 (Post 5008055)
That really is a monster of a project. Hope they pull it off. Everyone involved has a history of following through on large-scale projects, but I worry that Starr is becoming a little ADD. The Fishtown Beer Garden seems like a long forgotten memory at this point, but the proposal was presented what, last spring?

Wow! This is huge for N Broad and will clearly send a strong signal to others that this is a viable area of the city to do business, considering 3 high-profile entrepreneurs are willing to invest here. I think this will do wonders for the area should it get off the ground and further bridge the gap between Fairmount and NoLibs.

As for the Fishtown beirgarten, rehab work on the site seems to be moving along. The exterior is looking good!

hammersklavier Oct 12, 2010 1:14 PM

http://www.philly.com/inquirer/colum...nd_design.html
Quote:

When we last left the massive redoubt of the old granary at 20th and Callowhill Streets, Pearl Properties was proposing to scale its great turreted roof with a thrilling, though problematic, design for an apartment tower. But because the former grain silo is a certified landmark, the Historical Commission rightly poured hot oil on the idea.

Now the developer is back with a completely revised proposal that preserves the granary's virtues and shifts the apartments to an adjacent parking lot, kitty-corner from the rising Barnes Foundation. In urbanist terms, Pearl is offering an Eagle Scout of a plan, as well-mannered a design as anyone in Philadelphia could want.

As for the architecture, well, there isn't any.

Why does it have to end up this way, with ambitious design sacrificed for the sake of good urbanism?

Theoretically, there is no reason the granary project couldn't have both. There are plenty of daredevil designers in Philadelphia, but too often their projects display a callous disregard for the city's street life and history. Meanwhile, the nice guys bore us to tears. Since today marks the start of DesignPhiladelphia, the annual celebration of the city's design culture, maybe this is a good time to give the problem an airing.

You would see exactly what I'm talking about if you looked at the new granary renderings. But Pearl's management, James R. Pearlstein and Reed J. Slogoff, wouldn't provide the images - or, for that matter, return my phone calls. The folks at Blackney Hayes Architects didn't call back, either. Since their name has been spotted on the project documents, I have to assume they're the ones designing Pearl's eight-story Callowhill Street apartment block.
The article says it's supposed to be a massing diagram!

Also, I quite like the Pearl, you know, for being a dolled-up box. Methinks Inga's applying a double standard here, between architects she likes (Venturi), and those she doesn't (Blackney Hayes).

hammersklavier Oct 13, 2010 5:36 PM

What's with the lack of talky?

Anys, I stopped by the site where they're building something next to the daycare in NoLibs and asked one of the employees what's going on, and he told me that it's basically going to be the urban equivalent of a cul-de-sac, with the houses arranged along, and at the end of, a driveway leading to a plaza close by the Orianna Street side. There will be a parking area on the south side of the development.


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