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  #14041  
Old Posted Mar 27, 2017, 5:14 PM
jsbrook jsbrook is offline
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Originally Posted by summersm343 View Post
Very nice! I would like to see Morgan's Pier and Dave & Buster's stay honestly. They add vibrancy to the waterfront. Hopefully Dave & Buster's will find a new space to lease.
Although it does, I'd also be happy to see a relocation to East Market. Seems to fit well with the vibe they are shooting for.
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  #14042  
Old Posted Mar 27, 2017, 5:16 PM
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Exactly, well stated. New office construction is vital and can only be induced by attracting successful companies. We need more outside of eds, meds, and residential.
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  #14043  
Old Posted Mar 27, 2017, 5:30 PM
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Although it does, I'd also be happy to see a relocation to East Market. Seems to fit well with the vibe they are shooting for.
East Market would work well, or the Penn Treaty development along Canal Street where Revolutions and the Fillmore, etc. are now.
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  #14044  
Old Posted Mar 27, 2017, 6:50 PM
Redddog Redddog is offline
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Originally Posted by Urbanthusiat View Post
NY developer Durst buys Dave & Buster's, Morgan's piers with eye toward apartments



What is interesting to me is that this is yet another disposition by Brandywine for more liquidity. Good for them for selling high, after the Penn's Landing park/cap was announced. That, paired with a new promo video from them I saw on Twitter this morning saying "expect big things from us in 2017" makes me believe, as Summers has noted, that we'll be seeing movement on Schuylkill Yards/Cira II sooner rather than later. It's also nice to see more out-of-town investors choosing assets in Philly.
Dammit!!

That's where I park my boat!

Son of a...
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  #14045  
Old Posted Mar 28, 2017, 12:08 PM
1487 1487 is offline
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some optimism about job prospects here

http://www.phillymag.com/property/20...-survey-finds/
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  #14046  
Old Posted Mar 28, 2017, 3:18 PM
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When you reach a certain age, you move out of mom and dad’s house. That’s how it’s supposed to play out at least, right?

Oddly enough, apparently not – at least not here in Philadelphia, that is. Our lovely metropolitan area has just been ranked the area with the fifth-highest percentage of Millennials still living at home.

Forty-one percent of Millennials in the Philly metro still live with Mom and Dad, according to an analysis of Census data conducted by the apartment search site ABODO. This number exceeds the national average of 34.1 percent but is not alone in doing so. Another 16 metropolitan areas with populations over 1 million in the United States have percentages over the national average. (Philadelphia’s percentage of Millennials still living with their parents is in line with the Pennsylvania statewide average, however.)

Before you assume that this is just a generation of college kids not yet ready to fly the coop, let us remind you that the millennial generation includes anyone who is currently between 18 and 34 years old. So why are so many members of the largest, most diverse, and most educated generation in history still living with their parents?

Well, the answer isn’t that simple and has more to do with a combination of factors than one single factor alone. Some of these factors include rents, low pay, education level, and student loan debt.

Let us put things into context using the data from our own metropolitan area. According to the U.S. government, a cost-burdened renter is someone who spends more than 30 percent of his or her income on rent each month. In Philadelphia, the median monthly rent for a one-bedroom apartment is $1,026. The median monthly income of a millennial living at home is $1,427. So, the average millennial living at home who wanted to move out and live on his or her own would spend a whopping 74 percent of his or her monthly income on rent alone. It’s clear that he or she would be severely cost-burdened.

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Then, pile on student loan debt (amongst other things), and the picture starts to become even more clear.

“Many Millennials are not only earning less than their parents did as younger adults, but the majority of Millennials who pursue college degrees are eventually saddled with an average student loan debt hovering around $30,000,” says Sam Radbil, the senior communications manager at ABODO.

In case you’re wondering, this surprising statistic is emblematic of a national trend: a recent report from the Pew Research Center noted that for the first time in modern U.S. history, more 18- to 34-year-olds are living with their parents than living in any other type of household arrangement.

While many people might be quick to assume that Millennials are choosing to stay in the nest as opposed to seeking independence, outside factors may be what’s actually preventing them from spreading their wings and flying to a life of their own.


Read more at http://www.phillymag.com/property/20...lQm57J0Qj3w.99
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  #14047  
Old Posted Mar 28, 2017, 4:08 PM
Nova08 Nova08 is offline
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Something worth mentioning regarding population estimates and millennial's living at home.

I've rented in center city and now Conshohocken for 8 years and I have never claimed primary residency in these two locations. From a population count I assume I am counted within my current primary residence (where I grew up) which would incorrectly assume that I still live with Mom+Dad. I'm from the area so it doesn't really amount to much from a Philly MSA population figure. However, I suspect a fair number of 23-30 year old non-home owners do the same thing I've done. In fact, in my apt complex in Conshohocken there are a decent number of NJ, NY, MD, etc. license plates. Meaning these people either don't claim residency in Conshohocken or have been too lazy to change the license and face a fine if caught.
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  #14048  
Old Posted Mar 28, 2017, 4:17 PM
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^ I have to imagine this is a huge confounding variable for that study. I mean, same. I haven't lived at home in several years yet my official residency is still there, out in the suburbs, out of convenience. I believe this is the case for many people I know. This is another reason the census is likely underestimating the population of Philly.
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  #14049  
Old Posted Mar 28, 2017, 5:23 PM
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more soil testing at 2nd and Germantown, anyone know if Blatstein is going to build something?
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  #14050  
Old Posted Mar 28, 2017, 8:38 PM
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Originally Posted by ok-ez View Post

more soil testing at 2nd and Germantown, anyone know if Blatstein is going to build something?
Does Blatstein still own anything down there or did it all go to Kushner?

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  #14051  
Old Posted Mar 28, 2017, 8:46 PM
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Does Blatstein still own anything down there or did it all go to Kushner?

Believe only the Piazza itself went to Kushner.
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  #14052  
Old Posted Mar 28, 2017, 9:33 PM
Sgalla04 Sgalla04 is offline
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Originally Posted by Urbanthusiat View Post
^ I have to imagine this is a huge confounding variable for that study. I mean, same. I haven't lived at home in several years yet my official residency is still there, out in the suburbs, out of convenience. I believe this is the case for many people I know. This is another reason the census is likely underestimating the population of Philly.
I would agree. When living in Manayunk years ago, I didn't know a single renting person who worked in the burbs and didn't have family living within 2 hours who said they lived in Philly, just so they could avoid the city wage tax. I knew people with parents in the Poconos as their main address because they didn't work in Philly and therefore weren't paying the wage tax.
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  #14053  
Old Posted Mar 28, 2017, 10:46 PM
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Originally Posted by tsarstruck View Post
Believe only the Piazza itself went to Kushner.
Blatstein still owns that parking lot and the triangle across from Acme where the christmas trees are for sale usually. I have heard rumors that there will be a building on each connected over the street with a walkway.
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  #14054  
Old Posted Yesterday, 1:19 PM
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Originally Posted by reparcsyks View Post
I grew up in this area and officially moved to Philly in 1997. My job takes me on the road a fair amount - I remember always having a hint of shame when I would tell people I was from Philly. Here I was traveling to Austin, Portland, SF, etc -- and others -- and I was from Philly. I would have city-envy back then, as if they were somehow better because everyone was talking about them.

Well, something curious started happening. The more I traveled in the USA, the more I realized how average these towns were in comparison to Philly, starting around 2005-ish. The hype NEVER lived up to the town.

...

When it comes to America, we're ready for our close-up. We need to convert the Negadelphians to Philadelphians and start letting the country know that Philly can hold its own.
I moved to the US 6 years ago and lived in different places before I moved to Philly two years ago. Sometimes I get upset when people who don't get Philly talk crap about the city. Especially if it's some people who haven't been here.

At the same time, I like that Philly isn't as popular as Austin or Portland, so I never meet people who don't know whey they moved here. It's usually a conscious decision.

Despite all the setbacks, I really like this city and all the amazing projects and plans make me really excited. I think everyone who feels the same should try to contribute more and not just expect for things to improve overnight on their own.
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  #14055  
Old Posted Yesterday, 2:24 PM
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Live Nation on board to run N. Broad's 'Met' as concert venue

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Entertainment company Live Nation is apparently nearing a deal to operate North Broad Street’s historic Metropolitan Opera House as a concert venue after its renovation by developer Eric Blumenfeld’s EB Realty Management Corp.
http://www.philly.com/philly/busines...ert-venue.html
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  #14056  
Old Posted Yesterday, 6:33 PM
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A vision of the future post Chinese Wall c. 1929.
Some of these would have been fantastic - if all a bit uniform.


Courtesy Justin Roczniak‎ on UrbanPHL FB group

Edit: Nevermind. It looks like Aaamazarite posted it here yesterday and then it was reposted there. Credit to you, sir.
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  #14057  
Old Posted Yesterday, 7:12 PM
City Wide City Wide is offline
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[IMG]http://i.imgur.com/bmnUQ39.jpg[/IMG
Edit: Nevermind. It looks like Aaamazarite posted it here
Does anyone know what was suggested to be built north of 30th. St. Station? In this mock up it almost looks like a annex to the station.
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  #14058  
Old Posted Yesterday, 7:30 PM
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Does anyone know what was suggested to be built north of 30th. St. Station? In this mock up it almost looks like a annex to the station.
I think, like the current master plans, its nothing more than a building that would compliment the Station; don't believe there's any particular purpose in mind.
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  #14059  
Old Posted Yesterday, 11:16 PM
Mr Saturn64 Mr Saturn64 is offline
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Wow. That's fascinating. I notice a building that somewhat resembles Los Angeles' City Hall near what appears to be 23rd and Chestnut. Also, on the Parkway, the Franklin Institute occupies the entire block, the Academy of Natural Sciences looks like a large Neo-Classical building, and there's a building directly north of the Cathedral Basilica of Ss. Peter and Paul. There are also buildings in front of the Philadelphia Museum of Art.
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  #14060  
Old Posted Today, 2:28 AM
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Originally Posted by Yurkek View Post
I moved to the US 6 years ago and lived in different places before I moved to Philly two years ago. Sometimes I get upset when people who don't get Philly talk crap about the city. Especially if it's some people who haven't been here.

At the same time, I like that Philly isn't as popular as Austin or Portland, so I never meet people who don't know whey they moved here. It's usually a conscious decision.

Despite all the setbacks, I really like this city and all the amazing projects and plans make me really excited. I think everyone who feels the same should try to contribute more and not just expect for things to improve overnight on their own.
That's exactly why I plan on getting into city politics! I just found out that I'll be moving to the city from Delco in August, so I plan to establish residency and prepare to run for office in 2023 (I won't be turning 25 until 2020).

Whenever people say that things are bad in the city, I will always refer to how things were pre-2005. When I was a little kid living in West Philly, the city was absolutely crazy: 300+ murders a year, continued population loss, rampant abandonment and HUGE vacant lots, and much more of a sense of inferiority. 12 years later, the city has become a destination. Earlier today, I was biking through Francisville on my way to the gym at Temple. I was looking up and down Ridge Avenue in disbelief that so much has come to occupy so many abandoned tracts of land! Same thing with Fairmount Avenue, the area around 46th Street Station (NOT a place you wanted to be in the early/mid-2000s), and many other areas.

No matter what anyone says about Philly and its current state, it has TREMENDOUSLY improved from the city it was when I was growing up a decade ago. Those who remember what the city was before I was born in 1995 probably agree even more.
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