PHILADELPHIA | 1919 Market | NEVER BUILT - Page 3

bryson662001 · #41 Posted **Nov 13, 2007, 4:18 AM**

Quote:

Originally Posted by SJPhillyBoy

Shouldn't this one have started construction by now? It was supposed to start in the summer. I don't see any activity on site.

We are still waiting to see what the "horse" says.

Quote:

Originally Posted by CondoGuru

I only post information I receive from the "horse's mouth" and have been dead-on with every word of it. Sorry.

SJPhillyBoy · #42 Posted **Nov 13, 2007, 6:22 PM**

Quote:

Originally Posted by bryson662001

We are still waiting to see what the "horse" says.

Out of what, the horse's mouth or the horse's @ss?

CondoGuru · #43 Posted **Nov 13, 2007, 9:07 PM**

Quote:

Originally Posted by bryson662001

We are still waiting to see what the "horse" says.

The "horse's mouth" is no longer with Opus East...I have heard nothing new about this one, which is strange. I've heard of plenty of cancelled projects shopping other developers to flip the land and plans, except this one. However, I have heard that Mahoney is planning to move forward with 1441 Chestnut and it will NOT be a garage! Thank G-d!

BigDan35 · #44 Posted **Nov 13, 2007, 9:42 PM**

Quote:

Originally Posted by CondoGuru

The "horse's mouth" is no longer with Opus East...I have heard nothing new about this one, which is strange. I've heard of plenty of cancelled projects shopping other developers to flip the land and plans, except this one. However, I have heard that Mahoney is planning to move forward with 1441 Chestnut and it will NOT be a garage! Thank G-d!

Is 1441 Chestnut a 58 story proposal? Or am I mixing it up with something different?

CondoGuru · #45 Posted **Nov 13, 2007, 10:58 PM**

Quote:

Originally Posted by BigDan35

Is 1441 Chestnut a 58 story proposal? Or am I mixing it up with something different?

That was the original proposal which I believe is what sparked the intense bickering and litigation between AG and Mahoney. They are in the planning phases of configuring a new proposal. I know as much as you do about what that will be.

BigDan35 · #46 Posted **Nov 13, 2007, 11:09 PM**

Quote:

Originally Posted by CondoGuru

That was the original proposal which I believe is what sparked the intense bickering and litigation between AG and Mahoney. They are in the planning phases of configuring a new proposal. I know as much as you do about what that will be.

Probably much more scaled down huh?

CondoGuru · #47 Posted **Nov 13, 2007, 11:19 PM**

I really couldn't say one way or the other at this point. I'm just relieved that it won't be that stupid 10-storey garage he tried to push through.

skyscraper · #48 Posted **Nov 14, 2007, 2:18 AM**

Quote:

Originally Posted by bryson662001

We are still waiting to see what the "horse" says.

the horse says...."neeeeiiiigghhhhhh"!
(not saying that they are not going ahead with this, just quoting my 2-year-old daughter's pullstring toy.)

bryson662001 · #49 Posted **Nov 14, 2007, 4:35 AM**

Thanks skyscraper. You made me laugh so hard I almost lost my dinner......in both directions!

Late1 · #50 Posted **Nov 14, 2007, 5:22 PM**

Quote:

Originally Posted by CondoGuru

That was the original proposal which I believe is what sparked the intense bickering and litigation between AG and Mahoney. They are in the planning phases of configuring a new proposal. I know as much as you do about what that will be.

I have no insider knowledge either, but according to the press, but what was proposed when the fight started was the 1441 Chestnut plan for just 50 stories and 615'. When the fight was finally settled, or some time thereafter, 1441 Chestnut was redesigned for 58 stories at 670', which would have included either 279 condos or 208 condos + 150-160 hotel rooms.

The recent article (http://philadelphia.bizjournals.com/...wscolumn5.html) stating that Mahoney intends to move forward with 1441 Chestnut in 2008 says that initial site work began in Oct 2007 and that they're putting final touches on the design, which would now likely include 174 condos and 174 hotel rooms. So that's 34 fewer condos than before, but 14 to 24 more hotel rooms. The hotel rooms are likely smaller than the condos, but if the design is still similar, my GUESS is that, if built, this tower will probably still be at least 53 stories if not 58.

As for 1919 Market: if this project is still proposed at 14 stories, shame on "Dopus" for underutilizing a premier location with far greater potential.

skyscraper · #51 Posted **Nov 14, 2007, 5:28 PM**

Quote:

Originally Posted by bryson662001

Thanks skyscraper. You made me laugh so hard I almost lost my dinner......in both directions!

TMI

BigDan35 · #52 Posted **Nov 14, 2007, 5:40 PM**

Is it most everyone's hope that 1919 Market DOESN'T break ground? Most people are saying this is a great location for a really tall high-rise and that 14 stories would be a shame here.

CondoGuru · #53 Posted **Nov 16, 2007, 5:26 PM**

Quote:

Originally Posted by skyscraper

the horse says...."neeeeiiiigghhhhhh"!
(not saying that they are not going ahead with this, just quoting my 2-year-old daughter's pullstring toy.)

someone's feathers have been ruffled

CondoGuru · #54 Posted **Nov 17, 2007, 9:54 PM**

Quote:

Originally Posted by BigDan35

Is it most everyone's hope that 1919 Market DOESN'T break ground? Most people are saying this is a great location for a really tall high-rise and that 14 stories would be a shame here.

I think most people agree that it would be a dramatic underuse of the parcel to build the 14 level apartment complex with 40+ storey buildings surrounding it.

CondoGuru · #55 Posted **Nov 21, 2007, 3:59 PM**

Quote:

Originally Posted by Late1

I have no insider knowledge either, but according to the press, but what was proposed when the fight started was the 1441 Chestnut plan for just 50 stories and 615'. When the fight was finally settled, or some time thereafter, 1441 Chestnut was redesigned for 58 stories at 670', which would have included either 279 condos or 208 condos + 150-160 hotel rooms.

The recent article (http://philadelphia.bizjournals.com/...wscolumn5.html) stating that Mahoney intends to move forward with 1441 Chestnut in 2008 says that initial site work began in Oct 2007 and that they're putting final touches on the design, which would now likely include 174 condos and 174 hotel rooms. So that's 34 fewer condos than before, but 14 to 24 more hotel rooms. The hotel rooms are likely smaller than the condos, but if the design is still similar, my GUESS is that, if built, this tower will probably still be at least 53 stories if not 58.

As for 1919 Market: if this project is still proposed at 14 stories, shame on "Dopus" for underutilizing a premier location with far greater potential.

I just spoke with an engineer friend of mine who was working on the original 1441 Chestnut project that got canned. He confirmed that they've resumed their "exploratory" phase, not to be confused with a committment to "move forward." I asked about the height and he said it's currently at 60 floors, which according to previous plans is even taller than before. A friend and former Mahoney Realty employee dispelled the previous rumor of a Mandarin Oriental Hotel going in there...was never part of the deal, ever. So I'd be curious to find out who they get once and if the new plans get approved. A hotel tenant would lock the financing pretty easily on something this large. We'll see.

gbayard · #56 Posted **Dec 1, 2007, 11:08 PM**

Mahoney needs to find some serious equity partners to move this forward. He doesn't have the resources to put up 100% of the equity towards any of the proposals here assuming he'd finance 80%, including the 10 story parking garage. Good luck to him if the suburban office market gets hit by a potential economic downturn...

M II A II R II K · #57 Posted **Dec 3, 2007, 5:24 PM**

So what you want this thread closed or what

cjPhilly · #58 Posted **Dec 4, 2007, 6:42 PM**

Quote:

Originally Posted by M II A II R II K

So what you want this thread closed or what

I say kill it. It's nothing but rumors at this point. If an announcement is made we can bring this back to life at that point.

SJPhillyBoy · #59 Posted **Dec 4, 2007, 8:20 PM**

I think you have to kill this thread. The horse didn't know what he was talking about. He was a bad informant.

CondoGuru · #60 Posted **Dec 4, 2007, 8:37 PM**

The "horse" to which you are referring knew a little bit more about the project than you since he worked on it for Opus East. But if it makes you feel better, go ahead and kill the thread, I really don't care one way or the other...I think it's a terd of a building anyway. But before you kill it, you might want to wait two or three weeks when Opus will be issuing a press release regarding the project. But what do I know? Apparently nothing...lol