PHILADELPHIA | THE LAUREL @ 1911 Walnut | 604 FT | 48 FLOORS - Page 7

cafeguy · #**121** Posted **Feb 18, 2015, 8:02 PM**

http://www.bizjournals.com/philadelp...ttenhouse.html

Does this mean they were able to rezone it for more density???

Philly Fan · #**122** Posted **Feb 18, 2015, 8:10 PM**

Quote:

Originally Posted by cafeguy

http://www.bizjournals.com/philadelp...ttenhouse.html

Does this mean they were able to rezone it for more density???

Not necessarily. Only the purchase price ($30 million vs. $40 million) was contingent on upzoning, and not the sale itself. They may have escrowed the additional $10 million, or just agreed to pay it later if the rezoning is successful.

Londonee · #**123** Posted **Feb 18, 2015, 10:13 PM**

Come on CMX-5.

It's never apples to apples--but the Residences at the Ritz has 270 total units, if this wins zoning approval they are looking to propose over 400 units.

This thing is going to have some serious scale.

Plokoon11 · #**124** Posted **Feb 18, 2015, 10:31 PM**

Here hoping for a nice modern tall condominium tower.

boxbot · #**125** Posted **Feb 18, 2015, 10:48 PM**

What is Southern Land Co's track record like? I would think they'll see things through if they're plunking down $30-$40m for a lot.

Edit: Here's their site. I dunno. Fingers crossed.

iheartphilly · #**126** Posted **Feb 18, 2015, 10:54 PM**

Here's some more info on the 19xx Walnut deal that closed today:

http://philadelphia.citybizlist.com/...-walnut-street

If anyone can get this parcel develop, it will be them!

hammersklavier · #**127** Posted **Feb 19, 2015, 8:34 AM**

Quote:

Originally Posted by boxbot

What is Southern Land Co's track record like? I would think they'll see things through if they're plunking down $30-$40m for a lot.

Edit: Here's their site. I dunno. Fingers crossed.

Well AFAIK they're also doing 3601 Market so this wouldn't be their first Philly foray...

jsbrook · #**128** Posted **Feb 21, 2015, 8:30 PM**

To the extent it means anything (probably doesn't mean much) the property is now listed on their website with contact for retail leasing information.

http://southernland.com/community-de.../philadelphia/

summersm343 · #**129** Posted **Feb 26, 2015, 9:48 PM**

Article on the sale of the lot

http://www.bizjournals.com/philadelp...e-at-1911.html

McBane · #**130** Posted **Feb 27, 2015, 2:24 PM**

Quote:

Originally Posted by boxbot

What is Southern Land Co's track record like? I would think they'll see things through if they're plunking down $30-$40m for a lot.

Edit: Here's their site. I dunno. Fingers crossed.

I had written about this last week in the main development thread. They are a legit company with a track record; it's just not a great one.

Quote:

Originally Posted by McBane

This would seem to be Southern's most ambitious project to date. I perused their website (Wow - 1911 Walnut is already up there!) and their portfolio is not at all exciting (location, concept, and designs are all "blah"). It's mostly Toll Bros-esque McMansion communities, suburban town centers, and a few mid-rise projects - very little of it in cities.

On the plus side, they did develop 3601 Market; besides proving they can work in Philly, it's by FAR their tallest and most urban project to date. They're definitely a "real" builder, but their urban high rise experience is lacking. I think they can pull it off but am wary of what the design will look like. I'm praying the square is not punished with another faux historical tower. I hope that 1911's prestigious location and the scale of what they're going after is enough to justify a stellar design. Of course after seeing what Robert Stern did w/ 10 Ritt, I have a tinge of doubt.

http://southernland.com/

jsbrook · #**131** Posted **Mar 3, 2015, 1:52 PM**

Quote:

Originally Posted by McBane

I had written about this last week in the main development thread. They are a legit company with a track record; it's just not a great one.

Yeah, 10 Rit is definitely some of Stern's worst work. But I would love to see something like 30 Park Place rise there. What a classy, timeless building. Something like that would be perfect right by the Square.

http://www.thirtyparkplace.com/the-building/

https://www.google.com/search?q=30+p...ml%3B600%3B896

Or even something like 520 Park Avenue

http://ny.curbed.com/tags/520-park-avenue

I'm guessing the latter is not feasible as Philly condos will not be able to sell at a price that makes cladding in limestone as opposed to precast concrete feasible. But a building like 30 Park Place would be great there.

McBane · #**132** Posted **Mar 3, 2015, 2:50 PM**

30 Park Place is classic, but I personally would like to see a modern glassy skyscraper on the square. Architectural diversity is a good thing! And the square already has many styles. And of course, we've seen what happens when builders try to replicate pre-war styles with modern (read: cheap) building techniques. It never works! I always appreciate when a builder tries to step out of the city's stodgy traditional red brick constraints.

jsbrook · #**133** Posted **Mar 3, 2015, 4:15 PM**

Quote:

Originally Posted by McBane

30 Park Place is classic, but I personally would like to see a modern glassy skyscraper on the square. Architectural diversity is a good thing! And the square already has many styles. And of course, we've seen what happens when builders try to replicate pre-war styles with modern (read: cheap) building techniques. It never works! I always appreciate when a builder tries to step out of the city's stodgy traditional red brick constraints.

To each their own. But we don't have anything like 30 Park Place that's been built recently. Everything going up in Philly is a glass tower (or some bastardized design like 10 Rit). At the end of the day, I'll be happy whatever it is, as long it's done well.

boxbot · #**134** Posted **Mar 3, 2015, 5:14 PM**

Quote:

Originally Posted by jsbrook

To each their own. But we don't have anything like 30 Park Place that's been built recently. Everything going up in Philly is a glass tower (or some bastardized design like 10 Rit).

Jawnadelphia · #**135** Posted **May 9, 2015, 10:06 AM**

Bike Share set up...

[IMG]

Untitled by Dewski, on Flickr[/IMG]

Jawnadelphia · #**136** Posted **Jun 26, 2015, 5:41 PM**

I hope one day - this last open parcel off Rittenhouse Square gets something like this - or the building to the right ------- and not

mediocrity. Only time will tell.

Philly Fan · #**137** Posted **Jun 26, 2015, 6:01 PM**

Quote:

Originally Posted by TallCoolOne

I hope one day - this last open parcel off Rittenhouse Square gets something like this - or the building to the right ------- and not

mediocrity. Only time will tell.

In other words, you want Rittenhouse Square to be moved to Manhattan?

summersm343 · #**138** Posted **Jun 27, 2015, 1:18 AM**

I think we're realistic looking at about 425' and 250' towers here.

Maybe 525' and 300' if they get the zoning variances to build higher. Praying for something around 625' and 400'. That would be killer.

ConstructStudent · #**139** Posted **Jul 22, 2015, 8:38 PM**

The current design is for one tower at about 560'

iheartphilly · #**140** Posted **Jul 22, 2015, 8:50 PM**

Quote:

Originally Posted by ConstructStudent

The current design is for one tower at about 560'

Nice...pretty decent height when compared to the more recent 10 Rittenhouse highrise at 397ft.

Who is the architect?