PHILADELPHIA | Highrise Development Thread X

[Londonee]

Originally Posted by BroadandMarket

Yep it's a win win. I drove down east Market Street last night around 9:00 PM. It was such a depressing ghost town. Trash blowing around in the wind, addicts sleeping at every bus shelter. You see why tourists at Marriott/Notary/Loews get a terrible perception of the city. I hope Iron Hill especially can stick it out for another 5 years, they're in a great location.

Iron Hill seems to be doing amazing. I’m at RTM once or twice a week at odd/off hours for shopping and it’s always got a good crowd. Prime time = long waits. Not too worried about them.

[PHL10]

Originally Posted by Londonee

Iron Hill seems to be doing amazing. I’m at RTM once or twice a week at odd/off hours for shopping and it’s always got a good crowd. Prime time = long waits. Not too worried about them.

I'm not a huge fan of chain beer halls like Iron Hill (they always give me a weird airport bar vibe) but man, that is a perfect location for them and for Market East. I suppose they are a quasi-local chain so that's good.

[BroadandMarket]

Originally Posted by PHL10

I'm not a huge fan of chain beer halls like Iron Hill (they always give me a weird airport bar vibe) but man, that is a perfect location for them and for Market East. I suppose they are a quasi-local chain so that's good.

Iron Hill is perfect for Market East. It's a local chain with 18 of 22 locations in the Philly metro, not a soulless national chain like Yard House.

[Redddog]

Originally Posted by BroadandMarket

Iron Hill is perfect for Market East. It's a local chain with 18 of 22 locations in the Philly metro, not a soulless national chain like Yard House.

Totally. It's always packed in there as well. The new Mulhern's Pizza location looks awesome as well. Though, I can't quite figure out where it is in the development.

Hopefully that will spark some more places to open up. That vacant Wawa would be great to fill up with something useful.

[PHLtoNYC]

Originally Posted by BroadandMarket

Iron Hill is perfect for Market East. It's a local chain with 18 of 22 locations in the Philly metro, not a soulless national chain like Yard House.

Consistent food and great nachos. I used to go to the Iron Hill in Media.

Originally Posted by Redddog

Totally. It's always packed in there as well. The new Mulhern's Pizza location looks awesome as well. Though, I can't quite figure out where it is in the development.

Hopefully that will spark some more places to open up. That vacant Wawa would be great to fill up with something useful.

It will be in the middle of the pedestrian part of the development. Not on Market Street.
https://www.google.com/maps/@39.9511...8192?entry=ttu

[Redddog]

Originally Posted by PHLtoNYC

Consistent food and great nachos. I used to go to the Iron Hill in Media.



It will be in the middle of the pedestrian part of the development. Not on Market Street.
https://www.google.com/maps/@39.9511...8192?entry=ttu

Ahhhh.

[Mayormccheese]

Mulherins will be open by mid April fyi and looks to be a great addition.

[Redddog]

Originally Posted by Mayormccheese

Mulherins will be open by mid April fyi and looks to be a great addition.

Can't wait for that. Also really looking forward to the Spring opening of the Society Hill Hotel. Apparently that's gonna have wood fired pizza as well.

[PhillyRising]

Originally Posted by PHL10

I'm not a huge fan of chain beer halls like Iron Hill (they always give me a weird airport bar vibe) but man, that is a perfect location for them and for Market East. I suppose they are a quasi-local chain so that's good.

They have a location in Lionville (Eagleview) Chester County called the Taphouse. They actually make and bottle the beer in the back and they have food and bar in the front. It's not like the other Iron Hill locations. You walk in, go up to the bar and order your food off a limited menu in comparison to their Iron Hill locations. It opened during Covid and did pretty well but then Magerks opened in the old Applebee's down the the street and they took a lot of everyone's happy hour crowds. The food is pretty decent at the Taphouse and they have pretty much everything they brew on tap.

It's located in an old Genuardi's that sat vacant for a number of years...pretty much revived that whole shopping center. I can walk to it where I live in Eagleview.

[TK2001]

Philadelphia skyline by Philly SkyGuy, on Flickr

USS New Jersey at dry dock by Philly SkyGuy, on Flickr

Philadelphia skyline by Philly SkyGuy, on Flickr

[TK2001]

Philadelphia skyline from Citizens Bank Park by Philly SkyGuy, on Flickr

[TK2001]

CHOP New Patient Tower, CHOP SARB, and The Mark under construction from the Walt Whitman Bridge by Philly SkyGuy, on Flickr

West Philly construction

[PHLtoNYC]

That stinks.

Developer pulls out of Benjamin Franklin Parkway redevelopment project
https://www.inquirer.com/news/philad...-20240415.html

National Real Estate Advisors told The Inquirer on Monday that the difficult construction financing environment partly led the company to decide against taking part in the plan to turn the historic building at 18th and Vine Streets into a hotel and a new African American Museum. The developer, one of two involved in the project, had also planned a parking garage and 30-story residential building at a neighboring site.

[ScreamShatter]

^ That is a shame. If this dev, the tall building on Catholic Church site, and Vine cap were all built, this area would be totally transformed.

[Redddog]

Originally Posted by PHLtoNYC

That stinks.

Developer pulls out of Benjamin Franklin Parkway redevelopment project
https://www.inquirer.com/news/philad...-20240415.html

National Real Estate Advisors told The Inquirer on Monday that the difficult construction financing environment partly led the company to decide against taking part in the plan to turn the historic building at 18th and Vine Streets into a hotel and a new African American Museum. The developer, one of two involved in the project, had also planned a parking garage and 30-story residential building at a neighboring site.

That place is cursed.

[skyhigh07]

Originally Posted by Redddog

That place is cursed.

I think it just got sidetracked because of COVID. Although, the city seems to be dragging its feet on it per usual. They booted a previous developer assigned to the project for some unknown reason.

[Knight Hospitaller]

Isn't there a high-rise thread for the National residential tower part?

[Gatorade_Jim]

Originally Posted by PHLtoNYC

That stinks.

Developer pulls out of Benjamin Franklin Parkway redevelopment project
https://www.inquirer.com/news/philad...-20240415.html

National Real Estate Advisors told The Inquirer on Monday that the difficult construction financing environment partly led the company to decide against taking part in the plan to turn the historic building at 18th and Vine Streets into a hotel and a new African American Museum. The developer, one of two involved in the project, had also planned a parking garage and 30-story residential building at a neighboring site.

Well that was lightning fast.

[reparcsyks]

I say it every year, but bullet dodged. I bet this would have stalled development at Schuylkill Yards for years.

https://www.washingtonpost.com/dc-md...gton-virginia/

[phishtown]

Originally Posted by reparcsyks

I say it every year, but bullet dodged. I bet this would have stalled development at Schuylkill Yards for years.

https://www.washingtonpost.com/dc-md...gton-virginia/

Sorry but that's cope. Despite slowing down hiring they've already added 8,000 positions and multiple towers. Compared to the lab space and residential that we've got in SY so far? Not a comparison. It would've been a game changer, but yes probably not to the extent that they originally sold it.