HomeDiagramsDatabaseMapsForum
     

Go Back   SkyscraperPage Forum > Global Projects & Construction > Proposals



1911 Walnut Street in the SkyscraperPage Database

Building Data Page   • Philadelphia Skyscraper Diagram
Philadelphia Projects & Construction Forum
            
View Full Map

Reply

 
Thread Tools Display Modes
     
     
  #2181  
Old Posted Jun 12, 2019, 12:45 PM
Plokoon11 Plokoon11 is offline
Registered User
 
Join Date: Jun 2007
Posts: 1,609
I see digging going on in the webcam.
Reply With Quote
     
     
  #2182  
Old Posted Jun 12, 2019, 2:19 PM
Jayfar's Avatar
Jayfar Jayfar is offline
Midrise
 
Join Date: Apr 2004
Posts: 864
Quote:
Originally Posted by Plokoon11 View Post
I see digging going on in the webcam.
And also the trees seem to all be in place now on the lower roof of the Harper; you can see the trees coming in in the time lapse view.
__________________
Philadelphia Industrial & Commercial Heritage
A public Facebook group to promote appreciation of Greater Philadelphia's industrial and commercial history and advocate for historic preservation and adaptive re-use.
Reply With Quote
     
     
  #2183  
Old Posted Jun 18, 2019, 6:42 PM
Kfmcshan Kfmcshan is offline
Registered User
 
Join Date: Jun 2014
Location: Philadelphia
Posts: 122
Reply With Quote
     
     
  #2184  
Old Posted Jun 19, 2019, 7:53 PM
PhilliesPhan's Avatar
PhilliesPhan PhilliesPhan is offline
Registered User
 
Join Date: Aug 2014
Location: West Philly
Posts: 711
I took some pictures while on lunch:





__________________
No one outsmarts a Fox!

Temple University '18 ']['
Reply With Quote
     
     
  #2185  
Old Posted Jun 19, 2019, 8:34 PM
Redddog Redddog is offline
Registered User
 
Join Date: Apr 2016
Location: Philadelphia
Posts: 467
Quote:
Originally Posted by PhilliesPhan View Post
I took some pictures while on lunch:
Oh Yeah.
Reply With Quote
     
     
  #2186  
Old Posted Jun 20, 2019, 2:04 AM
summersm343's Avatar
summersm343 summersm343 is offline
Moderator
 
Join Date: Oct 2011
Location: Philadelphia
Posts: 12,736
Yasssss!
Reply With Quote
     
     
  #2187  
Old Posted Jun 20, 2019, 3:26 PM
jsbrook jsbrook is offline
Registered User
 
Join Date: Aug 2014
Location: Bala Cynwyd (mostly, for now)
Posts: 3,313
Progress here is picking up. Couldn't grab a pic when I swung by today, but I'll take new pics of both this and Arthaus if I have time Sunday. And Monday if not.
Reply With Quote
     
     
  #2188  
Old Posted Jun 20, 2019, 6:23 PM
Boku Boku is offline
Registered User
 
Join Date: Jul 2014
Posts: 576
Developer secures $295M loan for Rittenhouse Square tower

https://www.bizjournals.com/philadel...se-square.html

Quote:
Southern Land Co. closed Tuesday on a $295 million construction loan with Mack Real Estate Credit Strategies for the development of a $400 million high-end residential tower on Rittenhouse Square in Philadelphia called the Laurel.

The developer has also received a new zoning permit for some alterations it made to the original plans for the 48-story building. The number of condominiums did not change, remaining at 60, and the number of income-restricted rental units it will have at the adjacent Warwick also remains at 32. However, rather than 185 apartments it now has 184. Parking increased to 208 stalls from 174 and the amount of retail space the project will have swelled to 44,000 square feet from 24,000 square feet.

The changes in the amount of retail space and parking were driven by an undisclosed tenant the developer has negotiated a lease with for the space, said Brian Emmons, director of development at Southern Land. The tenant has taken a majority of the retail space and will be revealed at a later date. “It’s going to be a game-changer for the square,” he said.


The starting price for the Laurel’s condos is around $2.5 million and so far, 25 percent of its condos are under contract, though that number is expected to rise. The developer is finalizing a contract for its first full-floor condo sale. The number of sales put it on solid footing when it went to secure the construction loan.

“When we went to the debt market, we wanted to be 25 percent sold,” Emmons said. “We wanted to have a proven project. The project was very well-received by the debt market.”

Up to this point, Southern Land has funded costs associated with the project. Mack Real Estate Credit is the financing arm of Mack Real Group of New York. The first units are expected to be completed in 2021.
Reply With Quote
     
     
  #2189  
Old Posted Jun 20, 2019, 6:42 PM
Londonee Londonee is offline
Registered User
 
Join Date: Aug 2005
Location: Fitler Square (via London)
Posts: 1,558
Quote:
Originally Posted by Boku View Post
Developer secures $295M loan for Rittenhouse Square tower

https://www.bizjournals.com/philadel...se-square.html
^Hasn't Equinox kinda been unofficially confirmed?
Reply With Quote
     
     
  #2190  
Old Posted Jun 20, 2019, 8:36 PM
jsbrook jsbrook is offline
Registered User
 
Join Date: Aug 2014
Location: Bala Cynwyd (mostly, for now)
Posts: 3,313
Quote:
Originally Posted by Londonee View Post
^Hasn't Equinox kinda been unofficially confirmed?
No, it was denied. And their marketing head, Eva, told me in person that it would not be an Equinox. But that was a long time ago. I would not call it a “game changer”, but I would be happy if they switched gears and decided to go with an Equinox. Bellevue Sporting Club really needs to step up its game. I would definitely switch over to Equinox when back in the city fulltime if they put one there.
Reply With Quote
     
     
  #2191  
Old Posted Jun 24, 2019, 4:44 PM
summersm343's Avatar
summersm343 summersm343 is offline
Moderator
 
Join Date: Oct 2011
Location: Philadelphia
Posts: 12,736
Work on 48-story tower next to Rittenhouse Square starting in earnest with $295M loan

Quote:
Developer Southern Land Co. has closed on a $295 million loan to finance construction of its planned 48-story apartment-and-condo building known as the Laurel on the last sizable piece of undeveloped property near Rittenhouse Square.

The loan from Mack Real Estate Group of New York will enable Nashville-based Southern Land to begin construction at the 1907-1915 Walnut St. site where it has completed utility-relocation work after a groundbreaking ceremony in April, Brian Emmons, the developer’s manager for the Philadelphia project, said Monday.

Southern Land received its final city approvals for the project, which is to include 54 condo units, 235 rental apartments and nearly 45,000 square feet of retail space, in May 2018. The loan to complete construction was brokered by a team at real estate services firm Newmark Knight Frank.
https://www.inquirer.com/news/laurel...24.html#loaded
Reply With Quote
     
     
  #2192  
Old Posted Jun 24, 2019, 6:20 PM
Londonee Londonee is offline
Registered User
 
Join Date: Aug 2005
Location: Fitler Square (via London)
Posts: 1,558
54 Condos to 235 rentals? That's a bummer.
Reply With Quote
     
     
  #2193  
Old Posted Jun 24, 2019, 6:27 PM
PHL10's Avatar
PHL10 PHL10 is offline
Registered User
 
Join Date: Jun 2010
Location: Philadelphia
Posts: 875
Quote:
Originally Posted by Londonee View Post
54 Condos to 235 rentals? That's a bummer.
Why? (I'm not countering your point but really had no opinion of the condo/rental mix.)
__________________
No one likes me.
Reply With Quote
     
     
  #2194  
Old Posted Jun 24, 2019, 7:00 PM
Londonee Londonee is offline
Registered User
 
Join Date: Aug 2005
Location: Fitler Square (via London)
Posts: 1,558
Quote:
Originally Posted by PHL10 View Post
Why? (I'm not countering your point but really had no opinion of the condo/rental mix.)
I'm speaking in generalities - but, on the whole, owners will be far more likely to invest in things like The Square (it doesn't stay beautiful and manicured b/c of the city's $$ budget - that's privately funded), aesthetic and QOL improvements in the 'hood, donate to CCRA and CCD, become active in the community, etc.. The more High net worth OWNERS taking a stake here, the better imo.

My folks own a condo in a building in Center City that by condo-association mandate
has to be at least 55%owner/45%renter. And the turnover among the renters is insane - they get new people on their floor every few months. A lot are residents at hospitals or the road-warrior consultant class who basically need a nice place to store their crap for a year or two before moving on. Basically, they have little interest and much less invested n the community.
Reply With Quote
     
     
  #2195  
Old Posted Jun 25, 2019, 12:42 PM
cardeza cardeza is offline
Registered User
 
Join Date: Dec 2018
Posts: 198
Quote:
Originally Posted by Londonee View Post
I'm speaking in generalities - but, on the whole, owners will be far more likely to invest in things like The Square (it doesn't stay beautiful and manicured b/c of the city's $$ budget - that's privately funded), aesthetic and QOL improvements in the 'hood, donate to CCRA and CCD, become active in the community, etc.. The more High net worth OWNERS taking a stake here, the better imo.

My folks own a condo in a building in Center City that by condo-association mandate
has to be at least 55%owner/45%renter. And the turnover among the renters is insane - they get new people on their floor every few months. A lot are residents at hospitals or the road-warrior consultant class who basically need a nice place to store their crap for a year or two before moving on. Basically, they have little interest and much less invested n the community.
isnt this building separating the condo owners from the renters so that they never share floors?
Reply With Quote
     
     
  #2196  
Old Posted Jun 25, 2019, 1:16 PM
jsbrook jsbrook is offline
Registered User
 
Join Date: Aug 2014
Location: Bala Cynwyd (mostly, for now)
Posts: 3,313
Quote:
Originally Posted by cardeza View Post
isnt this building separating the condo owners from the renters so that they never share floors?
Yes. To Londonee's main point, the renters may not be as invested in the neighborhood as owners. But I think the price points are high enough that they won't be behaving in ways that compromise quality of life. Also, the building owner of the apartment portion -- Southern Land -- can be a good and well-heeled citizen that helps with park maintenance, etc...This is not like a lot of duplexes carved up and rented out by different small time owners/non-developers.
Reply With Quote
     
     
  #2197  
Old Posted Jun 25, 2019, 2:51 PM
rb233541 rb233541 is offline
Registered User
 
Join Date: May 2019
Posts: 5
Would a Whole Foods fall in the camp of "game changer"? I mean, any grocery store would be a boon to the neighborhood. A quick google tells me the average WF store size is about 40,000 sq ft. It might also explain the increased parking related to retail--people need a car to transport groceries more than the locals who would likely make up the bulk of customers would need a car to get to and from an Equinox to work out.
Reply With Quote
     
     
  #2198  
Old Posted Jun 25, 2019, 3:02 PM
jsbrook jsbrook is offline
Registered User
 
Join Date: Aug 2014
Location: Bala Cynwyd (mostly, for now)
Posts: 3,313
Quote:
Originally Posted by rb233541 View Post
Would a Whole Foods fall in the camp of "game changer"? I mean, any grocery store would be a boon to the neighborhood. A quick google tells me the average WF store size is about 40,000 sq ft. It might also explain the increased parking related to retail--people need a car to transport groceries more than the locals who would likely make up the bulk of customers would need a car to get to and from an Equinox to work out.
Good thinking. Closest thing to "game changing" I can think of aside from a higher end department store, and the place is probably too small for that, unless they roll out a "lite" version. I also feel a Whole Foods would definitely be used heavily by residents in this building, the Harper, and the surrounding area.
Reply With Quote
     
     
  #2199  
Old Posted Jun 25, 2019, 3:08 PM
Parkway's Avatar
Parkway Parkway is offline
Registered User
 
Join Date: Oct 2007
Location: Philadelphia
Posts: 891
Quote:
Originally Posted by jsbrook View Post
Good thinking. Closest thing to "game changing" I can think of aside from a higher end department store, and the place is probably too small for that, unless they roll out a "lite" version. I also feel a Whole Foods would definitely be used heavily by residents in this building, the Harper, and the surrounding area.
Don't get me wrong I like supporting local businesses but this would probably put the Rittenhouse Market out of business. That in turn would free up that underused parcel for something more than a one story grocery store.
__________________
"It's like a giant ball of peanut butter with a stick of Dynamite in the middle."
Reply With Quote
     
     
  #2200  
Old Posted Jun 25, 2019, 3:10 PM
Redddog Redddog is offline
Registered User
 
Join Date: Apr 2016
Location: Philadelphia
Posts: 467
Quote:
Originally Posted by rb233541 View Post
Would a Whole Foods fall in the camp of "game changer"? I mean, any grocery store would be a boon to the neighborhood. A quick google tells me the average WF store size is about 40,000 sq ft. It might also explain the increased parking related to retail--people need a car to transport groceries more than the locals who would likely make up the bulk of customers would need a car to get to and from an Equinox to work out.
Whole Foods would be great but I have a feeling the uppity Rittenhouse crowd might have issue with that....
Reply With Quote
     
     
This discussion thread continues

Use the page links to the lower-right to go to the next page for additional posts
 
 
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 3:17 AM.

     

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2019, vBulletin Solutions, Inc.