PHILADELPHIA | Lowrise/General Developments Thread - Page 568

PHL10 · #**11341** Posted **Dec 17, 2018, 1:07 PM**

Pod Hotel, Saturday:

iheartphilly · #**11342** Posted **Dec 17, 2018, 2:26 PM**

^
Man, that Boyds parking lot is ripe for development. If Boyd were smart, they would be a partner in the development project and work an indoor parking structure, and make the above ground floors retail and office, and even wework type spaces. Seems like a no-brainer in this location. A mid or high rise is acceptable.

McBane · #**11343** Posted **Dec 17, 2018, 5:01 PM**

But what is Boyd's gonna do during construction? I suppose they could use a portion of their windfall to make a deal with a nearby garage and then offer their customers valet parking temporarily. Just seeing it from their perspective, it would be a difficult couple of years until such a project is completed. Definitely makes sense in the long run though.

allovertown · #**11344** Posted **Dec 17, 2018, 5:41 PM**

Quote:

Originally Posted by McBane

But what is Boyd's gonna do during construction? I suppose they could use a portion of their windfall to make a deal with a nearby garage and then offer their customers valet parking temporarily. Just seeing it from their perspective, it would be a difficult couple of years until such a project is completed. Definitely makes sense in the long run though.

I think you've got the right idea with the valet parking. With the amount of money they stand to make, they could even make it free valet parking. Their customers would perhaps even like it better than the current set up. Not to mention the fact that so many stores in the Rittenhouse area do excellent business without dedicated parking.

McBane · #**11345** Posted **Dec 17, 2018, 7:44 PM**

^ Oh it would have to be complimentary. And I'd imagine many of their longtime customers have come to expect and would demand free parking, which is a little crazy for their location but that might be part of the appeal. This is a business that weathered white flight, the proliferation of shopping malls, Center City's dark ages of the 1980's, and now the internet and places like Indochino. I'm sure free parking is very much one of their tools in their competitive toolkit. Think of all the department stores that went under and Boyds is still ticking after all these years.

Jayfar · #**11346** Posted **Dec 18, 2018, 12:35 AM**

Quote:

Originally Posted by allovertown

I think you've got the right idea with the valet parking. With the amount of money they stand to make, they could even make it free valet parking. Their customers would perhaps even like it better than the current set up. Not to mention the fact that so many stores in the Rittenhouse area do excellent business without dedicated parking.

I can definitely see Boyd's doing valet parking. In fact when they were still in the 1200 block of Market Street their valet parking was a big part of their advertising pitch.

City Wide · #**11347** Posted **Dec 18, 2018, 2:40 AM**

is it a given that Boyd's owns this lot, and not just leases the land?

Jayfar · #**11348** Posted **Dec 18, 2018, 8:12 AM**

Quote:

Originally Posted by City Wide

is it a given that Boyd's owns this lot, and not just leases the land?

Yes, they own at least the westernmost part of the lot. Gushner is the name of the family that owns Boyd's.

1827 CHESTNUT ST
OPA Account # 885735700
OPA Address 1827 CHESTNUT ST
Owners GUSHNER BROTHERS L P
Assessed Value $1,371,400
Sale Date 06/29/1998
Sale Price $600,000

It's not clear whether they also own the eastern side, as it lists a different owner, but they probably do, as the mailing address for the LLC is Boyd's store address.

1823-25 CHESTNUT ST
OPA Account # 885660140
OPA Address 1823-25 CHESTNUT ST
Owners KJR PROPERTIES #2 LLC
Assessed Value $3,065,200
Sale Date 12/30/2003
Sale Price $546,763

iheartphilly · #**11349** Posted **Dec 18, 2018, 4:57 PM**

Quote:

Originally Posted by Jayfar

Yes, they own at least the westernmost part of the lot. Gushner is the name of the family that owns Boyd's.

1827 CHESTNUT ST
OPA Account # 885735700
OPA Address 1827 CHESTNUT ST
Owners GUSHNER BROTHERS L P
Assessed Value $1,371,400
Sale Date 06/29/1998
Sale Price $600,000

It's not clear whether they also own the eastern side, as it lists a different owner, but they probably do, as the mailing address for the LLC is Boyd's store address.

1823-25 CHESTNUT ST
OPA Account # 885660140
OPA Address 1823-25 CHESTNUT ST
Owners KJR PROPERTIES #2 LLC
Assessed Value $3,065,200
Sale Date 12/30/2003
Sale Price $546,763

KJR Properties #2, LLC has a listed address of 1818 chestnut st phila. So, I think it is safe to assume it belongs to Boyds as well.

Holt · #**11350** Posted **Dec 18, 2018, 8:49 PM**

Has anyone seen and renderings for this development, on 20th and Chancellor:

https://li.phila.gov/#details?entity...%20WALNUT%20ST

Can't seem to find a lot about the project (7 new stories, 40 apts built onto existing Walnut Street brownstone) but curious to see a visual..

GtownFriend · #**11351** Posted **Dec 18, 2018, 9:05 PM**

There's a rendering here (scroll to bottom)
https://philly.curbed.com/2018/12/13...ilding-biggest

You can also scroll back through this thread. Or check the Astoban website.

Holt · #**11352** Posted **Dec 18, 2018, 9:31 PM**

Quote:

Originally Posted by GtownFriend

There's a rendering here (scroll to bottom)
https://philly.curbed.com/2018/12/13...ilding-biggest

You can also scroll back through this thread. Or check the Astoban website.

No, that's 2110 Walnut, which is a block down. This is 2010 Walnut.

GtownFriend · #**11353** Posted **Dec 18, 2018, 9:52 PM**

Right. Though it sounds similar to 2110.

BTW The L&I link you included mentions "with Addison street frontage", suggesting that 2010 Walnut
is only the "mailing address" for the LLC not the site location?

jsbrook · #**11354** Posted **Dec 18, 2018, 11:11 PM**

Quote:

Originally Posted by GtownFriend

Right. Though it sounds similar to 2110.

BTW The L&I link you included mentions "with Addison street frontage", suggesting that 2010 Walnut
is only the "mailing address" for the LLC not the site location?

I think it's both, and there is some kind of permit in the window; also the store that was there a few years ago no longer is: https://www.google.com/maps/place/20...!4d-75.1743971 https://www.google.com/maps/place/20...!4d-75.1743971 I haven't seen the renders for this project, though. 40 residential units here is great!

GtownFriend · #**11355** Posted **Dec 18, 2018, 11:44 PM**

Here's a Naked Philly blog abou this from 2016:
http://www.ocfrealty.com/naked-phill...street-mansion
No renders though..

Holt · #**11356** Posted **Dec 19, 2018, 1:31 AM**

Yeah it's tricky to tell... If you go to 2010 Walnut though and go to the Chancellor St. side you can see construction has started, they've already started work on the foundation. Have been looking for more info but hard to find. Thanks everyone!

Aaamazarite · #**11357** Posted **Dec 19, 2018, 8:25 PM**

Rendering of the Taney & Girard development I mentioned last week

Aaamazarite · #**11358** Posted **Dec 19, 2018, 8:44 PM**

More coming soon:

1841-43 N 19th, 15 units on 2 floors
2013-15 N Front St, 17 units on 3 floors
1316 N Front, 11 units and retail on 5 floors
1430 N 31st, 201 units on 5 floors

and...

haven't confirmed yet but a revival of a long-stalled project from the last real estate cycle is showing signs of life. I'll keep you all posted but you'll probably hear about it soon.

PhilliesPhan · #**11359** Posted **Dec 19, 2018, 9:00 PM**

Quote:

Originally Posted by Aaamazarite

More coming soon:

1841-43 N 19th, 15 units on 2 floors
2013-15 N Front St, 17 units on 3 floors
1316 N Front, 11 units and retail on 5 floors
1430 N 31st, 201 units on 5 floors

and...

haven't confirmed yet but a revival of a long-stalled project from the last real estate cycle is showing signs of life. I'll keep you all posted but you'll probably hear about it soon.

Is that the warehouse-looking building by 19th and Berks? I used to live right around the corner from it when I was a Temple student! Are those two floors the proposed addition that I've been hearing about?

Parkway · #**11360** Posted **Dec 19, 2018, 9:41 PM**

Quote:

Originally Posted by PhilliesPhan

Is that the warehouse-looking building by 19th and Berks? I used to live right around the corner from it when I was a Temple student! Are those two floors the proposed addition that I've been hearing about?

It's the long building here that runs between 19th and Gratz about halfway up the block.