America is slouching toward recession, and suburban home builders are in a time-out, but in Philadelphia developers are still dreaming big dreams. Indeed, the size of those dreams keeps growing bigger.
In Society Hill and Spruce Hill, two neighborhoods renowned for their low-rise architectural cohesion, developers are aggressively seeking approvals for new projects that would seriously bust the local height limits. It's as if no one told these builders about the mortgage-lending crisis.
From a big-picture perspective, there's some comfort in their proposals. Developers wouldn't be talking about more tall buildings unless they felt confident that Philadelphia could weather the coming economic storm. The projects, which combine hotels with other uses, also suggest that the downtown construction boom of the last few years isn't a passing fad, but part of a deeper commitment to cities and urban life.