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  #3661  
Old Posted Feb 12, 2020, 12:33 PM
Boku Boku is online now
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Big U.S. Steel property in Bucks County is for sale, seeks massive development

https://www.inquirer.com/business/fa...-20200211.html

Quote:
U.S. Steel, which stopped most work at its Fairless Works in Falls Township, Bucks County, back in 2001, is finally selling nearly three square miles of the property.

The steel giant’s sales agents are privately telling potential buyers that the aging industrial site, now an industrial park, could support up to eight million square feet of new warehouse, factory, and office space, and thousands of jobs. The site, which sits across the river from Trenton, is seeking a buyer at a time when Amazon, Walmart, UPS, and other big companies are building million-square-foot logistics centers, among other potential tenants.
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  #3662  
Old Posted Feb 12, 2020, 1:50 PM
cardeza cardeza is offline
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Originally Posted by iheartphilly View Post
Are you referring to the Main Line along Rt. 30. I can certainly see that's true. Other significant rail lines in Philly or the suburbs?

For DC metro, outside of DC, yep I can say that's the case since I've lived down there for 5 years and have made that observation.

But, for DC, Union Station in particular, I noticed TOD is alive and well there with more recent construction projects when I took the Amtrak a while back.
The entire RR system is like the main line. You have trains running over, under and adjacent to mostly residential suburban areas and most stations have very modest parking lots. These stations were built before Americans even had cars. Most of the RR system predates the metro by close to 100 years- two different worlds. Atlanta's limited subway system looks very much like the metro. Tracks in highway medians, huge parking structures at stations and lots of commercial suburban development near stations.

When I think of TOD I am mostly thinking of suburban locations. With the density of the city- almost any station is likely to be close to some sort of major job center or residential development. It sort of happens naturally.
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  #3663  
Old Posted Feb 12, 2020, 1:56 PM
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iheartphilly iheartphilly is offline
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Interesting history about the RR...thanks for sharing!
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  #3664  
Old Posted Feb 13, 2020, 1:58 PM
timeEd32 timeEd32 is offline
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Originally Posted by Urbanthusiat View Post
This article came out last week:

Developer discusses plans for 279-unit mixed-use building in Ardmore



Article doesn't say but the developer is Toll Brothers. TOD and replacing an auto-oriented use! You love to see it.
It's hard to tell what's going on with this new proposal. It would definitely extend the walkable downtown, although across the street is a McDonald's + strip mall with parking in front.

But, it seems like these new plans maybe dropped the mini Target in favor of a lot more residential? That would be a bummer.
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  #3665  
Old Posted Feb 14, 2020, 5:56 AM
TonyTone TonyTone is offline
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Looks like the skyscraper by Market is coming along

https://imgur.com/xsY14mO

Also found a book with the Hercules building and some other old pictures of Wilmington, Ill post some more later

https://imgur.com/kkuYzDw

Lastly does anyone know what this building was orginally? its on Kensington Ave

https://imgur.com/pBTOvrR
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  #3666  
Old Posted Feb 14, 2020, 2:18 PM
bigfish bigfish is offline
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For the Kensington Avenue building I would say a bank just based off of the architecture
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  #3667  
Old Posted Feb 14, 2020, 10:38 PM
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  #3668  
Old Posted Feb 20, 2020, 5:57 PM
Milksteak Milksteak is offline
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America’s manufacturing recession looks like it could be over

https://www.cnbc.com/2020/02/20/amer...d-be-over.html

Excerpt from the article:

"Production at American facilities fell in the second half of 2019 despite an otherwise growing economy, sparking worries that a broader recession might be in the works.

But indicators this week from the key Philadelphia and New York Federal Reserve districts showed a sharp rebound that far exceeded Wall Street expectations.

Early in the week, New York’s Empire State Manufacturing Survey for general business conditions posted a reading of 12.9, up 8 points from January and its best level since May. New orders surged to 22.1, the highest since September 2017, and shipments rose to 18.9, the best since November 2018.

On Thursday, the Philadelphia survey exploded 20 points higher to 36.7, the highest since February 2017. New orders hit their highest since May 2018."
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  #3669  
Old Posted Feb 21, 2020, 2:25 PM
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Delco hospital gets the green light for $327 million expansion and upgrades project

Always nice to see big dollar projects in the region.
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  #3670  
Old Posted Feb 21, 2020, 6:19 PM
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Another very positive an fascinating economic indicator came out yesterday: county employment and wages.

As of the 3rd quarter of 2019, average weekly wages in Philadelphia (County) grew 4.5% year-over-year (well above the 3.5% national average) to $1,290 and registered the highest average wages in Pennsylvania. I don't recall ever seeing that before. Philly wage growth ranked 66th out of 356 large counties, well within the top quintile:

https://www.bls.gov/news.release/cewqtr.t01.htm

It also registered the second highest annual employment growth (1.6%) in the state behind Northampton Co., PA, which is above the 1.1% national average.

All the more encouraging is that the city's average weekly wage grew at such a high rate along with the higher-than-average growth in jobs. If there's any remaining questions about how Philadelphia has become not only THE economic generator for Pennsylvania but also a critical hub nationally, they should be put to rest.
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  #3671  
Old Posted Feb 21, 2020, 7:15 PM
3rd&Brown 3rd&Brown is offline
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Quote:
Originally Posted by UrbanRevival View Post
Another very positive an fascinating economic indicator came out yesterday: county employment and wages.

As of the 3rd quarter of 2019, average weekly wages in Philadelphia (County) grew 4.5% year-over-year (well above the 3.5% national average) to $1,290 and registered the highest average wages in Pennsylvania. I don't recall ever seeing that before. Philly wage growth ranked 66th out of 356 large counties, well within the top quintile:

https://www.bls.gov/news.release/cewqtr.t01.htm

It also registered the second highest annual employment growth (1.6%) in the state behind Northampton Co., PA, which is above the 1.1% national average.

All the more encouraging is that the city's average weekly wage grew at such a high rate along with the higher-than-average growth in jobs. If there's any remaining questions about how Philadelphia has become not only THE economic generator for Pennsylvania but also a critical hub nationally, they should be put to rest.
And that's without any sort of gimmick like an increase in the minimum wage in PA (which is long overdue, btw and I fully support). Just stating it because the growth is completely organic.
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  #3672  
Old Posted Feb 21, 2020, 7:46 PM
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summersm343 summersm343 is offline
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Can anyone access this full article?

'Bit of a test case': Bala Cynwyd Shopping Center readies for next phase

Link here:
https://www.bizjournals.com/philadel...ng-center.html
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  #3673  
Old Posted Feb 21, 2020, 8:08 PM
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Originally Posted by summersm343 View Post
'Bit of a test case': Bala Cynwyd Shopping Center readies for next phase

Link here:
https://www.bizjournals.com/philadel...ng-center.html
It's nothing new. It's just talking about how they are completing an 87 units apartment building called the Delwyn behind their shopping center. Really just a commentary on how Federal want to add a mix of uses to their old strip malls - which is what all retail owners are doing. No announcements of new development.

The project has flown under the radar but I believe their was some talk about it a few pages ago.
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  #3674  
Old Posted Feb 22, 2020, 4:16 PM
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A minor subdivision approval of the Norristown State Hospital property was unanimously given by council, OK’ing the subdivision of a 187.95-acre portion of the property to be transferred from state-owned land to the Municipality of Norristown and West Norriton Township. Norristown is expected to receive 78 acres that will be used for future development.

https://www.timesherald.com/news/loc...cd5d73390.html
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