HomeDiagramsDatabaseMapsForumSkyscraper Posters
     

Go Back   SkyscraperPage Forum > Global Projects & Construction > Proposals

Reply

 
Thread Tools Display Modes
     
     
  #61  
Old Posted Nov 13, 2017, 5:16 PM
iheartphilly iheartphilly is offline
Registered User
 
Join Date: Nov 2012
Posts: 1,420
Quote:
Originally Posted by El Duderino View Post
http://philadelphia.cbslocal.com/201...nal-attention/

looks like this lot is getting some serious attention (at least according to those who are selling it). would absolutely love to see this get developed sooner rather than later.
^
The Church needs the money. This will help with their financial obligations.

http://www.philly.com/philly/busines...-20171113.html
Reply With Quote
     
     
  #62  
Old Posted Nov 13, 2017, 5:18 PM
Urbanthusiat's Avatar
Urbanthusiat Urbanthusiat is offline
Registered User
 
Join Date: Dec 2015
Location: University City, Philadelphia
Posts: 533
Quote:
Originally Posted by El Duderino View Post
http://philadelphia.cbslocal.com/201...nal-attention/

looks like this lot is getting some serious attention (at least according to those who are selling it). would absolutely love to see this get developed sooner rather than later.
Not terribly surprising for this kind of land at this location. Developing with an institution like the Catholic Church pretty much guarantees success on the project for the developer. Institutions can make a long-term commitment to the project's success and can tolerate short-term losses, unlike for-profit investors. That's why the LDS was able to do such a good job with 1601 Vine. Good taste is one part of it of course, but the church isn't going anywhere, and if they want the lot to be developed, it will get developed one way or another because they're in it for the long-haul.
Reply With Quote
     
     
  #63  
Old Posted Nov 13, 2017, 5:44 PM
McBane McBane is offline
Registered User
 
Join Date: Sep 2006
Location: Philadelphia
Posts: 2,707
Quote:
Originally Posted by Urbanthusiat View Post
Not terribly surprising for this kind of land at this location. Developing with an institution like the Catholic Church pretty much guarantees success on the project for the developer. Institutions can make a long-term commitment to the project's success and can tolerate short-term losses, unlike for-profit investors. That's why the LDS was able to do such a good job with 1601 Vine. Good taste is one part of it of course, but the church isn't going anywhere, and if they want the lot to be developed, it will get developed one way or another because they're in it for the long-haul.
It's a very different scenario actually, although I hope the outcome netshigh quality work

The Archdiocese is leasing the property to a developer. And, other than selecting the best developer and their plans, the church has nothing to do with the design or development. The Alexander, on the other hand, was developed by a private RE development arm of the LDS church.
Reply With Quote
     
     
  #64  
Old Posted Nov 13, 2017, 5:59 PM
El Duderino's Avatar
El Duderino El Duderino is offline
build awesome buildings
 
Join Date: Aug 2016
Location: Philadelphia
Posts: 279
Quote:
Originally Posted by McBane View Post
It's a very different scenario actually, although I hope the outcome netshigh quality work

The Archdiocese is leasing the property to a developer. And, other than selecting the best developer and their plans, the church has nothing to do with the design or development. The Alexander, on the other hand, was developed by a private RE development arm of the LDS church.
Everything I have read has stated the Church will absolutely have a say in what gets developed, as they will likely move offices into the new building(s). Given that they are leasing to a developer means they have a stake in the long-term utility of the site, as they will remain the owners for the long haul.
Reply With Quote
     
     
  #65  
Old Posted Nov 13, 2017, 6:08 PM
El Duderino's Avatar
El Duderino El Duderino is offline
build awesome buildings
 
Join Date: Aug 2016
Location: Philadelphia
Posts: 279
Post 45 on this thread specifically states the Church will have some say in what will be developed.
Reply With Quote
     
     
  #66  
Old Posted Nov 13, 2017, 8:51 PM
City Wide City Wide is offline
Registered User
 
Join Date: Aug 2014
Posts: 920
Quote:
Originally Posted by El Duderino View Post
Everything I have read has stated the Church will absolutely have a say in what gets developed, as they will likely move offices into the new building(s). Given that they are leasing to a developer means they have a stake in the long-term utility of the site, as they will remain the owners for the long haul.
I hope that the Church has more concerns then trying maximize the income from the land lease.
From post 45-----“Ultimately, the plan will be the developer’s, but we will retain some control over what we permit,” Gavin said. “Presumably, market conditions will influence what’s done.” This could be read in a number of different ways.
Reply With Quote
     
     
  #67  
Old Posted Nov 13, 2017, 9:08 PM
El Duderino's Avatar
El Duderino El Duderino is offline
build awesome buildings
 
Join Date: Aug 2016
Location: Philadelphia
Posts: 279
Quote:
Originally Posted by City Wide View Post
I hope that the Church has more concerns then trying maximize the income from the land lease.
Pardon the pun, but amen to that.
Reply With Quote
     
     
  #68  
Old Posted Feb 20, 2018, 2:03 AM
Gonzo the Great's Avatar
Gonzo the Great Gonzo the Great is offline
Registered User
 
Join Date: Dec 2016
Location: the Henson Galaxy
Posts: 427
Quote:
Originally Posted by City Wide View Post
I hope that the Church has more concerns then trying maximize the income from the land lease.
From post 45-----“Ultimately, the plan will be the developer’s, but we will retain some control over what we permit,” Gavin said. “Presumably, market conditions will influence what’s done.” This could be read in a number of different ways.


Ok , so after more than three months without any new information ...... Is this project a GO or a NO ....
__________________
...... I had that weird dream again !
Reply With Quote
     
     
  #69  
Old Posted Feb 20, 2018, 2:27 AM
mcgrath618 mcgrath618 is offline
Registered User
 
Join Date: Jan 2017
Posts: 554
Quote:
Originally Posted by Gonzo the Great View Post
Ok , so after more than three months without any new information ...... Is this project a GO or a NO ....
Look, I'm sure you're a great guy, but can you PLEASE stop bumping old threads with no new info?
Reply With Quote
     
     
  #70  
Old Posted Feb 20, 2018, 7:10 PM
Gonzo the Great's Avatar
Gonzo the Great Gonzo the Great is offline
Registered User
 
Join Date: Dec 2016
Location: the Henson Galaxy
Posts: 427
Quote:
Originally Posted by mcgrath618 View Post
Look, I'm sure you're a great guy, but can you PLEASE stop bumping old threads with no new info?


So are you saying ( In your opinion ) no questions allowed ...... Summers has dry docked a number of potential projects for
stagnation after a period of time .

If this project is laying dormant for reasons not available to inquisitures , then maybe it should go take a nap .
__________________
...... I had that weird dream again !
Reply With Quote
     
     
  #71  
Old Posted Feb 20, 2018, 7:13 PM
jjv007 jjv007 is offline
Registered User
 
Join Date: Jan 2015
Posts: 629
Quote:
Originally Posted by Gonzo the Great View Post
So are you saying ( In your opinion ) no questions allowed ...... Summers has dry docked a number of potential projects for
stagnation after a period of time .

If this project is laying dormant for reasons not available to inquisitures , then maybe it should go take a nap .
It's not about that, it's just that for any project that's remotely prominent, you'll see an update here before just about anywhere. You asking questions goes essentially nowhere.
Reply With Quote
     
     
  #72  
Old Posted Feb 21, 2018, 2:59 AM
allovertown allovertown is offline
Registered User
 
Join Date: Sep 2013
Posts: 645
ALSO. If you are really that interested in the thread and this project, why don't you actually just read what is already here. It's not like this is a 100 page thread, there are 4 pages, even for a muppet that shouldn't take long. And you'd only have to get to the previous page to see that at this point there is no plan at all for this project. The archdiocese has simply let developers know that the land is available for development and is accepting proposals. We likely won't hear any news until they pick a developer. This process could take awhile, but as jjv007 correctly points out, if and when that happens, you can bet that news will be posted here in about 15 minutes.

So just use your brain before you post. Stop asking for updates when all the relevant information on this project is already right in front of your face.
Reply With Quote
     
     
  #73  
Old Posted Feb 21, 2018, 5:37 PM
iheartphilly iheartphilly is offline
Registered User
 
Join Date: Nov 2012
Posts: 1,420
I hope to see a developer jump on this lot of land and start development this year. With the Morman residential tower and other developments within a 5-10 block radius, the desirability to live in this area is well established.
Reply With Quote
     
     
  #74  
Old Posted Feb 21, 2018, 6:27 PM
McBane McBane is offline
Registered User
 
Join Date: Sep 2006
Location: Philadelphia
Posts: 2,707
Agreed, it's annoying to see threads updated only to see such a silly question, especially when we (Philly) have probably the most active contributors on this site. A developer can't sneeze without it getting reported. Do you really think that there would be any movement on this or any project that would go unnoticed and unreported? There's just no need to ask - if there are updates, we'd know.
Reply With Quote
     
     
End
 
 
Reply

Go Back   SkyscraperPage Forum > Global Projects & Construction > Proposals
Forum Jump


Thread Tools
Display Modes

Forum Jump


All times are GMT. The time now is 6:12 AM.

     

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.