June 17, 2016 |
Amtrak and its partners in the proposed redevelopment of a massive swath around 30th Street Station in University City say the decades-long plan - including partially capping the adjacent rail yard - will involve $6.5 billion in infrastructure funding and private investment. The financial projection is part of the planning team's final blueprint for the 175-acre site extending northeast from 30th Street Station, to be released Thursday morning. Publication of the 30th Street Station District Plan ends a two-year, $5.25 million study led by Amtrak, Drexel University, Brandywine Realty Trust, SEPTA, and PennDot for the area between Walnut and Spring Garden Streets east of Drexel's campus and Powelton Village.
June 2, 2016 |
Shared-office giant WeWork opens its first Philadelphia location Wednesday, a validation of - and potential threat to - the city's large existing contingent of collaborative-workspace operators. The 30,000-square-foot, two-story space at the former Schmidt's brewery building in Northern Liberties' Piazza development is the first of three shared-office facilities planned in the city by New York-based WeWork. To follow in the fall are a 30,000-square-foot space at 1430 Walnut St. - a glass-walled retail building that also accommodates a Cheesecake Factory restaurant - and a 40,000-square-foot location on the 19th and 20th floors of the Five Penn Center office building at 1601 Market St. "We look for cities that have a robust mix of the right elements: a real percolating tech community, an active investment community, strong support from the city," said Dave McLaughlin, the company's eastern U.S. general manager.
May 14, 2016
ISSUE | DEMS' CONVENTION Time for Philly to shine Civic leaders Paul Levy and Stephen Tang have argued that Philadelphia must leverage its momentum to promote growth ("Use key assets to promote Philly growth," April 28; "Keep city focus on job growth," April 29). Innovation fuels this momentum. From Philly Tech Week to Microsoft's decision to open an Innovation Center in University City to the Huffington Post citing Philadelphia as a prime city for techies, the city is gaining national attention for its growing innovation and start-up culture.
May 14, 2016 |
There's a big national convention coming to town that will give Philadelphia a chance to show off what a spiffy, exciting place it has become. No, not the Democrats; it's the American Institute of Architects. Some 19,000 of those exacting design minds will be prowling our streets next week, taking measure of our stone citadels, peering at our construction sites, and generally giving us a professional once-over. What will they make of the things we've built? The visiting architects will find Philadelphia is a very different city from the one they experienced in 2000, the last time the AIA held its convention here.
May 14, 2016 |
FMC Corp. plans to move this weekend into its still-under-construction University City headquarters tower, among the most prominent of the recent building projects that are reshaping the city's skyline. The chemicals giant will be the first tenant in the glass tower that will bear its name near 30th Street Station, where it is to occupy 250,000 square feet over nine floors, communications chief Ken Gedaka said in an interview on Thursday. The move was timed to beat the expiration of its lease at its current home, the BNY Mellon Center tower at 1735 Market St., which it had occupied since 1991.
May 12, 2016 |
Radnor Property Group of Wayne will break ground Wednesday on Vue32, a mixed-use project on Drexel University land at 3201 Race St. in University City. The $56 million project includes a residential tower, for-sale townhouses, a preschool and a plaza area for community use. The 16-story tower, with 164 rental apartments, including junior one-bedroom, one-bedroom, two-bedroom units and three bedroom units, is expected to be completed in stages from June to August 2017. Radnor Property Group is developing the project under a ground-lease agreement with Drexel at no cost to the university. Amenities include a fitness center, underground parking for 32 cars, and a rooftop deck with a gas fire pit and grills.
April 27, 2016 |
Brandywine Realty Trust plans to demolish an aged industrial building on the 2100 block of Market Street so it can combine the property with surrounding parcels into a large surface parking lot for valet use. The developer has secured permits to tear down the structure at 2126-30 Market St. and is seeking to be excused from zoning rules that prohibit new parking businesses in the area, according to filings on Philadelphia's Department of Licenses and...
April 21, 2016 |
Swiss insurer Zurich Insurance Group has acquired the 2.0 University Place office building near 41st and Market Streets for $420 a square foot - among the city's highest purchase prices ever for a commercial property. Zurich paid $41.3 million Tuesday for the five-story building in a deal that also commits the company to completing up to $1.8 million in interior construction work, developer Scott Mazo said. Mazo invested $31 million in the 98,000-square-foot eco-friendly office project at the largely untested western edge of Philadelphia's University City neighborhood.
April 1, 2016 |
Philadelphia's new and burgeoning genre of chain restaurants has less to do with burgers and fries than it does with quinoa (the protein-packed grain) and kale (the leafy vegetable once relegated to the bottom of deli trays). Healthful eating is the theme of a segment of fast-casual restaurants, so defined by counter service and customization. Credit a heightened awareness of nutrition combined with a soaring population of millennials and Generation Xers who seem to have a few bucks to spend.
March 30, 2016
Police release names of two homicide victims Philadelphia police on Monday identified two men slain in shootings last week in Philadelphia. The first shooting was early Thursday morning, when a man was shot several times while on the 100 block of East Indiana Avenue in Kensington. The victim, Luiz D. Padilla, 38, was pronounced dead at Temple University Hospital at 1:59 a.m. On Saturday, Edward Jefferson, 42, died after he was shot in the chest in a vacant lot in North Philadelphia on the 1500 block of North 19th Street.