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  #121  
Old Posted Oct 20, 2019, 12:06 AM
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iheartphilly iheartphilly is offline
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there's a pretty website and a shipping container with the banner Liberty on the River right off the Washington Ave. exit off I-95. Guess they need money or something to start this.

http://libertyontheriver.com/developer/

I forgot to add this, looks like it went through CDR-so there may be hope if there's financing and demand.

https://philly.curbed.com/2019/5/21/...-project-tower

Last edited by iheartphilly; Oct 20, 2019 at 12:35 AM.
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  #122  
Old Posted Oct 21, 2019, 8:30 PM
Redddog Redddog is offline
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Originally Posted by mcgrath618 View Post
From the Lowrise thread:
At what point does this become not ridiculous?
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  #123  
Old Posted Oct 21, 2019, 9:16 PM
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^^^ I'm not saying I think it will happen but when Waterfront Square went up, it was shocking for the same reasons. And as predicted, it became a disaster for the developer. They ran right into the market bust, poor sales, and couldn't even build out the development.
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  #124  
Old Posted Oct 22, 2019, 1:13 AM
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At what point does this become not ridiculous?
When it’s done. I’m still not convinced this is happening. I just don’t see a lender in their right mind financing this project.
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  #125  
Old Posted Oct 22, 2019, 2:47 AM
bigfish bigfish is offline
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Originally Posted by PHL10 View Post
^^^ I'm not saying I think it will happen but when Waterfront Square went up, it was shocking for the same reasons. And as predicted, it became a disaster for the developer. They ran right into the market bust, poor sales, and couldn't even build out the development.
Serious question, Northern Liberties and Fishtown are completely different neighborhoods today than they were before the recession when those three towers were built. With the neighborhoods seeing so much development and that development slipping under I95 and towards the waterfront what is stopping them from completing the last 2 of the 5 towers?
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  #126  
Old Posted Oct 22, 2019, 3:00 AM
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Serious question, Northern Liberties and Fishtown are completely different neighborhoods today than they were before the recession when those three towers were built. With the neighborhoods seeing so much development and that development slipping under I95 and towards the waterfront what is stopping them from completing the last 2 of the 5 towers?
Yea, and let's build Bridgeman's while we're at it!
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  #127  
Old Posted Oct 22, 2019, 12:38 PM
Milksteak Milksteak is offline
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Quote:
Originally Posted by bigfish View Post
Serious question, Northern Liberties and Fishtown are completely different neighborhoods today than they were before the recession when those three towers were built. With the neighborhoods seeing so much development and that development slipping under I95 and towards the waterfront what is stopping them from completing the last 2 of the 5 towers?
Their website says 2 of the towers are completely sold out and reviews on Google seem to be very positive (for whatever that's worth).
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  #128  
Old Posted Oct 22, 2019, 1:50 PM
jsbrook jsbrook is offline
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Quote:
Originally Posted by mcgrath618 View Post
From the Lowrise thread:
Maybe the norise thread? The won't rise thread...
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  #129  
Old Posted Oct 22, 2019, 1:53 PM
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^
Sounds like inflate the land value with zoning, permits, etc., then flip for a nice profit....

No intent of really developing...

Hope to be wrong, but...consensus is...
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  #130  
Old Posted Oct 22, 2019, 6:54 PM
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Quote:
Originally Posted by bigfish View Post
Serious question, Northern Liberties and Fishtown are completely different neighborhoods today than they were before the recession when those three towers were built. With the neighborhoods seeing so much development and that development slipping under I95 and towards the waterfront what is stopping them from completing the last 2 of the 5 towers?
Great question-- the same developer just spent $12 Million on the big Delaware Ave/Poplar St/Canal St property
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  #131  
Old Posted Oct 23, 2019, 6:34 PM
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Will watch this with squinty suspicious eyes for the next year or two. Hope to be put firmly in my place by a solid project but this is one LOFTY goal. Where's the money coming from? Needs to be marketed a bit better to drum up interest.
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