PHILADELPHIA | 3601 Market | 320 FT | 28 FLOORS - Page 11

volguus zildrohar · #**201** Posted **Dec 30, 2014, 3:40 AM**

December 26

jsbrook · #**202** Posted **Dec 30, 2014, 9:01 AM**

All great points. And when the time to buy does come, busy young professionals are more apt to buy new construction condo. Where all problems are taken care of for them, but monthly mortgage and condo fees far exceed $1450 (and whatever that place will charge for a 2 bedroom). It's nice that places like yours still exist in close proximity, though. I wonder what the mortgage would run today. As the neighborhood continues to evolve and the area grows, I hope we see a nice continued mix of new condos and old row homes persist. Professors and others in the area who might find condo living unsuitable will still need places to live.

Quote:

Originally Posted by FourS

For me, $1450/month for a studio is insane. My mortgage for a nice sized Victorian row house with a back yard, big front porch, etc. right off of 43rd St. is less than that, but I bought it more than a decade ago. That said, they can probably fill the place at those prices.

In regards to Domus, I've met two people who lived there and both were satisfied. The place has nice amenities (gym, movie theater, etc.). One is a Penn prof and I believe still lives there. The other was a Penn grad student who my wife "tutored" in a stats class. I'm guessing this kid has serious family money because my wife is a statistician (although now she directs a research center and doesn't do much stats any more), not a tutor. She doesn't work cheap.

Comparing buying and renting is pointless, especially in a neighborhood like UCity. A wealthy grad student who plans on living in Philly for 1-4 years is not in the market to buy a place, especially a rambling, 100-year-old place that may be beautiful beautiful but requires a whole lot of maintenance. Neither is a young physician or researcher working 60+ hours a week and barely has time to cook themselves dinner. Totally different markets.

blorkishdork · #**203** Posted **Dec 30, 2014, 4:17 PM**

Just to chime in a little bit. I guess I'm considered a Millenial (29), and my wife and I bought a house in South Philly a couple of years ago. When we were looking, we really wanted a row house not a condo and, not only that, we wanted one that was live able but was not completely rehabbed or new either. One where the kitchen is 10 or 20 years old or a bathroom or two. They are impossible to find. Most of the houses we saw either needed a ton of work (install A/C, roof needed replacement, essentially everything needed to be redone relatively quickly) or were in mint condition. We ended up buying a completely rehabbed house that has had its own issues. My point is, its not that millenials want shiny and new, its that what we want isn't there, a happy medium. So when what we want isn't there, we end up going for the new construction mainly because taking out construction loans is impossible to get after putting the down payment on the house.

With that said, a friend of mine and his wife bought a house and they have completely rehabbed the whole thing mostly by themselves (with a few exceptions). I just get annoyed when the older generations like to poo-poo on my generation when there are reasons we came to the decisions we did and that there are lots of people out there that still love the DIY.

HiRiser · #**204** Posted **Jan 5, 2015, 12:07 PM**

Quote:

Originally Posted by summersm343

Alright we're getting a little off topic here. This is about the development of 3601 Market, not a debate on renting versus buying and what you can get in the surrounding area for the price of a highrise unit.

Here, here..it would be great to see some recent close ups of how the façade is looking..Thanks.

domodeez · #**205** Posted **Jan 11, 2015, 5:56 PM**

Yesterday afternoon:

Plokoon11 · #**206** Posted **Jan 11, 2015, 6:01 PM**

Great glass!

HiRiser · #**207** Posted **Jan 12, 2015, 2:26 PM**

Quote:

Originally Posted by domodeez

Yesterday afternoon:

Nice shot domodeez. I like what I see.

mmikeyphilly · #**208** Posted **Jan 13, 2015, 9:13 PM**

Quote:

Originally Posted by Plokoon11

Great glass!

I totally agree! Maybe that's why it took so long to get the glass façade going on this baby, it needed time to ferment, like a fine wine.

Plokoon11 · #**209** Posted **Jan 13, 2015, 10:30 PM**

^ yeah, they waited 200 years to make this glass just right!

summersm343 · #**210** Posted **Jan 21, 2015, 1:58 AM**

From Curbed Philly

http://philly.curbed.com/archives/20...nut-street.php

domodeez · #**211** Posted **Jan 25, 2015, 4:14 AM**

Earlier this afternoon:

summersm343 · #**212** Posted **Jan 26, 2015, 12:11 AM**

Wow, the facade looks EXACTLY like the renderings. Nice. Looks like the parapet/crown is going up as well.

Thanks for the update!

HiRiser · #**213** Posted **Jan 28, 2015, 1:28 PM**

Quote:

Originally Posted by summersm343

Wow, the facade looks EXACTLY like the renderings. Nice. Looks like the parapet/crown is going up as well.

Thanks for the update!

Awesome comparison of glass color under the last weeks blue sky and this overcast day. Comparing facades between this and Chestnut I'm starting to like the detail of this one a lot more.