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  #161  
Old Posted Jan 24, 2006, 9:45 PM
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Holy hell, Wilmington's on fire!!

Figuratively, of course.
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  #162  
Old Posted Jan 24, 2006, 11:35 PM
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Quote:
Originally Posted by Kitchen Guy
needs a better name though. what is a justison and why plural?
Justison is the name of the short street that runs down the center of the parcel (or will when DelDOT paves the new section of it). I think the name stinks, too. It sounds like some townhome community in Smyrna or something.

I agree with your math, there is simply no where near enough room for 700 units. Even if you assume a 400 sq. ft. for a row home, it still isn't enough not counting streets and sidewalks. The tower may be 26 floors, but the parking will not be in the building, at least that's what I got from the article. The way I read it was that a garage would be built on the current Delmarva Power substation on Beech near the viaduct and NEC. This would be a logical place since it is the least desirable of all the parcels. I'm really curious as to the price points. If they do the $250M-$300M range they could probably build out in 4 or 5 years like the article said. Absorption of units this size above that price would be hard pressed to hit 14 per month.

Quote:
Originally Posted by Kitchen Guy
if they had left market street a mall, they could have run a tram up and down, like they have on the boardwalk.
The plan was to have two way traffic and a trolley. I still think it would have been great. They could have gone right by the Justison Landing site, within walking distance of Christina Landing. As soon as it was running, there would be demand to have it stretch up 12th street to Delaware Ave.
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  #163  
Old Posted Jan 25, 2006, 2:29 PM
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oooops

I miss read Joey D's coment... He Said 2.5 block, not 2.5 acres.

rereading the article, the BP parcel is 12 acres

so lets try the math again

12 acres is slightly less than 522,000sf
now for the assumptions:
1) 50% lot coverage net after roads, sidewalks and green stuff
2) 1,500sf per condo

700 condos x 1500 = 1,050,000sf
offices per the NJ = 300,000sf
retail = 75,000sf

1,425,000sf / 261,000sf bldg foot print gives us 5.5 storys plus parking levels.



Now that's just math and opinion, I have no inside information. (yet)


Sadly, this is much less dramatic.
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  #164  
Old Posted Jan 25, 2006, 2:49 PM
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where will the AAA employees park during construction?

B/P is going to build on the flat lot they use now, some day a garage will be built on the Delmarva land.

it will be a nice hike from the Delmarva parcel to the AAA building.
a pedestrian crossing on S Madison will make for even bigger traffic back-ups on game day.
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  #165  
Old Posted Jan 25, 2006, 11:41 PM
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^That seems more like the massing models I've seen. Too bad there won't be another substantial tower, though. I'd imagine that they'd build on the Wilmington Rowing Club site and the still standing DelDOT building and public works sheds first. The garage would only be a block or two from AAA, and I believe the Barclays garage will be large enough to allow for non-Barclays parkers. It'd be nice if DelDOT and the city allowed Madison to develop as a true commercial street and not just a throughway to the stadium and outlets.

[Edit: Also, the Bank One signs on top of the Christina Centre towers were taken off last weekend. Well, half of them were. I'd guess the other half will be taken down this weekend.]
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  #166  
Old Posted Jan 29, 2006, 4:55 PM
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Posted on Sun, Jan. 29, 2006



Atlantic City: Half dozen luxury condo projects are in the works.

By Suzette Parmley
Inquirer Staff Writer

ATLANTIC CITY - The thought of living near where they worked appealed to the Pipers. So when the couple married last fall, they bought the two-bedroom apartment they had been renting at the Bella in the city's Southeast Inlet section.

"I love the location," said John Piper, 28, a restaurant chef at Harrah's casino hotel here, which is within easy walking distance to where he lives with his wife, Tina Pisano-Piper, 25, a local real estate agent.

The Pipers look like the people that show up in the TV commercials for the casinos - happy, young and looking for fun.

That they have chosen to buy a home in this city of about 40,500 is another sign that the billions of dollars spent on new casinos, housing and shopping over the last five years is having more than a cosmetic effect on Atlantic City.

And not a moment too soon as casino operators anxiously await the effect that the advent of slot-machine gambling at Pennsylvania racetracks this summer will have on their $5 billion industry.

While in Reno, Nev., the gambling business is contracting and former casino hotels are being converted into condominiums, the condo projects planned for Atlantic City tend to be new construction.

There are a half-dozen luxury condo high-rises in development in and around Atlantic City. Four are in the city's Inlet section, including a 34-story luxury high-rise with 303 units called Marbella.

"People have rediscovered Atlantic City and found it's not just a gaming town," said Jim Maggs, who is behind the project. "The attraction is that there is tremendous value in Atlantic City. It has something that Las Vegas does not have, which is a beach."

M&J Development L.L.C., based in Atlantic City, intends to break ground in the spring on a six-story, 179-unit high-rise called Melrose Place, in the nearby Northeast Inlet.

Builder Bruce Toll said he planned to build a luxury residential high-rise with 400 units, priced at $1 million and up, on the 50-yard line of the Boardwalk. Toll, of Horsham, bought the site of the former Trump's World's Fair casino for $25 million in September from Trump Entertainment Resorts Inc.

"The Borgata needs to be credited for showing how to access a whole different demographic, younger and more affluent," said Tom Scannapieco of the $1.1 billion Las Vegas-style mega-casino that made its debut in July 2003. "Clearly, the whole city is targeting that market."

Scannapieco was the original developer of the Bella, which was owned by Caesars Atlantic City casino for 15 years as a condominium rental property called the Regency. He bought the building last year to refurbish into luxury condos.

Advertised as "Atlantic City's first ultra-luxe condo," the 27-story Bella is cited by other developers as the project that ignited the current condo market. Its two-bedroom, two-bath units feature stainless steel appliances, Travertine stone floors, and imported Italian cabinetry. Scannapieco said about 55 percent of the 200 units had been sold. They start at $400,000 and can go to more than $1 million for penthouses.

The Southeast Inlet area is bordered by Atlantic and New Jersey Avenues, the ocean, and the Boardwalk. The Bella is a block and a half from the beach and Showboat casino. John and Tina Piper regularly walk to the new House of Blues at Showboat to see concerts.

Scannapieco said developers from New York, North Jersey and Florida were buying up land in the Southeast Inlet. He envisioned "shoulder-to-shoulder high-rises" there within five years.

"It will be the jewel, the Gold Coast of South Jersey," Scannapieco said. "There's a lot of developer activity that no one is aware of - projects that have not broken ground yet."

Maggs, who is based in Brielle, N.J., sees the same thing. He just recently purchased a 41/2-acre parcel in the area to develop into both high-rise and low-rise luxury condominiums.

"With other developers of national stature coming into Atlantic City, like Bruce Toll, it bodes well for Atlantic City's future," he said.


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  #167  
Old Posted Jan 29, 2006, 10:43 PM
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Here's a shot of the almost complete steelword for the Blue Cross Blue Shield building at 800 Delaware:



Also, the Bank One signs are off the Christina Centre buildings, and most of the Chase signs are up; the top of Three is naked though. It's strange to see it without the Bank One since I've been looking at it for nearly three years since I've moved into my apartment. Although I'd expected the change sooner since the Bank One signs have not been lit since last spring. Anyways:

The cranes from last weekend:


The plain:


The old:
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  #168  
Old Posted Jan 30, 2006, 3:59 AM
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^WEIRD. That looks horrible.

I am gonna admit I am a somewhat newby in terms of construction and development of buildings, but I never noticed how much faster steel rises as opposed to concrete.

The interior lighting in Christina Landing seems to be nearing completion. I must say, with the interior lights on, the building does hold rank in the night skyline.

Anybody remember what was happening with that condo which was being negotiated a few months ago? It was the one that would have been off Delaware Ave by Wilmington Hospital.

I had to kind of laugh at myself the other day. I imagined a Wilmington forum meet. If 50% of the Wilmington crew came, we'd have 1.5 people at the meet!

Haha.
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  #169  
Old Posted Jan 30, 2006, 2:17 PM
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The one off Washington Street is still negotiating the sale of the land, as of 4 weeks ago. I saw a rendering in a magazine, a midrise in brick. it will have a beautiful view to the south.
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  #170  
Old Posted Jan 30, 2006, 11:27 PM
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^I'm certain I read that the land was sold to the Baltimore developer for $2.5MM and did not go to McConnell and his group. I hope I'm wrong. Unfortunately the Baltimore group has a horrible design (there was a rendering in City Life, I believe): 8-10 story brick with nearly the entire facade covered in balaconies, and a large rounded faux "cornice." There was opposition from the neighborhood about McConnell's proposal for a 20+ story tower and he was offering $2MM for the parcel. It would very unfortunate to squander such a good site, both for the prospective unit owners and people driving through or walking in the park.

I really can't express how irritating it is to have people so short sighted and selfish. You can stand on any block in that neighborhood and see Hercules and Chase Manhattan Center, but neither "overpowers" the neighborhood or would in any way detract from their quality of life.

Joe: It seems to goes much faster, but they still pour concrete on the floors of a steel building, fireproof, and (in WSFS Bank Center's case) pour the elevator and service core on the rear. All told, steel'll go up just a little faster (correct me if I'm wrong Kelvin), you just get the visual of the scale more immediately.
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  #171  
Old Posted Feb 1, 2006, 8:07 PM
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the Balto group was named the succesful bidder... but last I heard they still had not settled.
That may be a strategic delay - why go to settlement while your architects are still drawing and have the property sit idle after you have paid for it.
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  #172  
Old Posted Feb 2, 2006, 10:45 PM
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^Settlements take months. Especially for a relatively large real estate transaction like this. Seven or more months isn't unheard of. The attorneys have to wrangle.
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  #173  
Old Posted Feb 5, 2006, 4:49 PM
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Some updates:

The Barclays building:





Also, demolition was going on this morning at the DART building on the riverfront. It looks like there won't be much more work to get this site ready for site work for the Justison Landing project, just busting out the paving.
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  #174  
Old Posted Feb 15, 2006, 3:58 AM
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Here's the latest rendering of the Renaissance Centre. It was definately chopped. It looks like most of the garage from the base is gone. Work on the site is moving forward, at least on the Market Street buildings. There's a dumpster and a steady crew of contractors out now.

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  #175  
Old Posted Feb 15, 2006, 2:22 PM
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since it looks like BoA isn't leaving town, I hope the Ren Cen will go tall.

any good rumors out there?
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  #176  
Old Posted Feb 15, 2006, 11:02 PM
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I'm gonna sabotage that piece of crap. MGlan, unleash a can of NIMBY on his ass. That is horrible news.

Anyway... I noticed that they put the red blinking airplane beacons on the top of the Residences at CL.

Looks nice and noticeable now from faraway, being that those lights are now there, and the exterior lighting seems to be somewhat finished.

I also noticed that the River Tower is on its first floor. I'm wondering, however, where the damned crane is.

HOPEFULLY, that small piece of Dover will allow Two Christina some leeway.
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  #177  
Old Posted Feb 15, 2006, 11:32 PM
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The crane shouldn't be too far off. The Residences had the crane up just about where River Tower is now:



I thought that rendering might cause a stir. I agree with general sentiment here: it stinks. It's doubtful, but Commonwealth may have overengineered the foundation to allow for future vertical expansion. Then again, even if they did, that almost never happens. It's a shame when a decent design gets the ax.
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  #178  
Old Posted Feb 16, 2006, 2:13 PM
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http://www.delawareonline.com/apps/p...602160354/1006

Council to vote on major development
700-home, $400 million project proposed for Wilmington Riverfront
By ADAM TAYLOR
The News Journal

02/16/2006
An agreement to build what officials are calling the largest economic development project in Wilmington's history is up for a City Council vote tonight.

The $400 million Justison Landing project proposed for along the Christina Riverfront would bring about $7 million a year in tax revenue to the perpetually strapped city government, project developer Rob Buccini said.

But equally important, the project's residential component -- 700 condominiums and apartments -- would provide the thing that could make the riverfront development that has taken place during the last decade a lasting success: people in the area around the clock. It also would put 300,000 square feet of office space and 75,000 square feet of retail space along the Riverfront.

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"When you think about it, this project is as good for the city as a casino," Buccini said.

While the project could create that kind of revenue without the social worries that would accompany a gaming facility, not everyone is happy with the plan. Councilman Kevin F. Kelley, who represents the district that includes the part of the Riverfront on which the development would take place, said he will vote against the agreement tonight.

"My constituents in Browntown and Hedgeville feel like the residents of the neighborhoods in Atlantic City," he said. "They live near where all the development money is being spent but get none of the benefits."

Hedgeville resident Claudia Brady said she would like to see a program that would have Buccini's Buccini/ Pollin Group renovate existing properties in neighborhoods near the Justison project.

Buccini said he would listen to any ideas the community has. Buccini/ Pollin has invested in other parts of the city where it has built new projects, he said.

Council President Ted Blunt and Councilman Norman Griffiths said they support the project. Mayor James M. Baker's Chief of Staff William S. Montgomery said the tax revenue the project would create would help all neighborhoods in the city, including the ones mentioned by Kelley.

Kelley said he would like to delay voting on the development agreement until the community hears more about it. He also would like to see the city earmark some of the new tax money for police, youth programs and code enforcement. And he would like Buccini/ Pollin to make some sort of commitment to Browntown and Hedgeville.

Montgomery said the agreement needs to be inked now. Interest rates and other issues could kill a deal in the near future.

"If we don't move on these kinds of developments and seize the opportunities when they arise, we lose," he said.

Developer to clean up site

The 11-acre development site is owned by the city and state. It includes the city's Public Works Yard, a state Department of Transportation maintenance building and the Wil- mington Rowing Center. They would be cleared to make way for the development.

About 500 of the 700 residential units would be sold, and the rest would be rental apartments. Most of the condos would be sold for $350,000 to $500,000. A one-bedroom apartment would go for about $1,100 a month. Prices for the condos have not been set.

Construction would begin in April and would take at least three years to complete, Buccini said.

Christina Landing complement

Michael Purzycki, executive director of the Riverfront Development Corp., the agency created by state officials to spearhead private development on the riverfront, said the Justison project is the perfect complement to Buccini/Pollin's Christina Landing, a residential project on the other side of the river.

"We've always felt you need residential to transform the riverfront, and I think Justison Landing will change the riverfront and the city forever," he said. "Christina Landing is a magnificent start, but we need a certain amount of critical mass on the north side of the river as well."

Contact Adam Taylor at 324-2787 or ataylor@delawareonline.com.





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  #179  
Old Posted Feb 16, 2006, 2:19 PM
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"While the project could create that kind of revenue without the social worries that would accompany a gaming facility, not everyone is happy with the plan. Councilman Kevin F. Kelley, who represents the district that includes the part of the Riverfront on which the development would take place, said he will vote against the agreement tonight.

"My constituents in Browntown and Hedgeville feel like the residents of the neighborhoods in Atlantic City," he said. "They live near where all the development money is being spent but get none of the benefits.""

are we allowed to say "PUTZ" on this forum?
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  #180  
Old Posted Feb 16, 2006, 9:20 PM
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The Browntown/Hedgeville Area

I live in Kelley’s district and he’s pretty good, although I think he’s mistaken on this one. I do share his frustration though that there are some areas just on the other side of the freeway from the riverfront in Browntown that are ripe for redevelopment. These are the old Vulcan Fiber and DuPont sites.

Here is a Google Satellite shot (look just to the left of I-95):
http://maps.google.com/maps?f=q&hl=e...4,0.021458&t=k
(BTW, how do you insert pictures?)

Unfortunately, DelDOT wants to build a maintenance yard here, per this NJ article:
http://www.delawareonline.com/apps/p...601190332/1006

None of this is B/P's fault though. In fact, having this development just on the other side of this area could help a lot.
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