Lunchtime Quick Hits

Carl Dranoff and One Riverside’s neighbors meet rather than fight, and the result is a win-win-win for everyone; The expiration of a Keystone Opportunity Zone stands to turn Harrah’s Philadelphia Casino & Racetrack into one of the region’s largest taxpayers, and Harrah’s isn’t happy about the development; as the Friends of the Rail Park move closer to making the first part of their vision for the Reading Viaduct reality, here’s a cautionary tale from the Netherlands about the limits of such placemaking; and they’re still tearing down houses at the Jersey Shore, but Sandy has nothing to do with the activity:

Changing Skyline: Harmony over planned One Riverside high-rise (The Philadelphia Inquirer|
Harrah’s Philadelphia Casino & Racetrack faces hefty tax bills (The Philadelphia Inquirer|
A Cautionary Tale for Cities That Want Their Own High Line (Next City Daily)
Shore teardowns booming, but not because of Sandy (The Philadelphia Inquirer|

Lunchtime Quick Hits

The interior designers and decorators who use the Marketplace Design Center may soon find business coming their way from directly atop it; Carl Dranoff’s controversial mixed-use project for downtown Ardmore clears its last review hurdle, and Property offers a plain-English translation of Dranoff’s defense of the project in the Main Line Times; and Naked Philly takes a stroll up a Point Breeze street where all one encounters these days is scaffolding:

Marketplace Design Center sells for $42m (Philadelphia Business Journal)
Ardmore development moves closer to approval (The Philadelphia Inquirer|
A Translation of Carl Dranoff’s Main Line Times Editorial (Property blog|Philadelphia magazine)
18th Street in Point Breeze is a Construction Zone (Naked Philly)

Southstar Lofts, nearing completion, ready for visitors

Southstar Lofts

As we noted yesterday, Dranoff Properties would love to see a restaurant move into the corner retail space at Southstar Lofts, on the Avenue of the Arts at Broad and South streets.

In the meantime, the company is ready to show off the apartments to would-be residents, even as work on the interior and exterior of the building remains to be done.

The project is far enough along, however, that we can offer an assessment of how it looks and will likely function. Continue reading

Back to the community-building well at 777 South Broad

Former Chinamoto

Carl Dranoff’s quest to make the Avenue of the Arts a destination for dining as well as culture has apparently hit a speed bump.

While the savvy developer continues to shop the corner retail space at Southstar Lofts as ideal for an eatery, down the street at 777 South Broad, one of those eateries has shut its doors.

Chinamoto Asian Fusion and Lounge, which opened with a bit of a splash in May of last year, is no more. Continue reading

Lunchtime Quick Hits

Inga Saffron has generally admired Carl Dranoff’s business sense but not his architectural one. This time around, she has praise for both; Comcast’s new skyscraper will offer Philly’s priciest office space – but it’s still a bargain compared to New York and DC; Philly’s eds-and-meds nexus may add another med to its roster; and far be it from us to join the scrum of reporters and comedians dumping on this year’s Winter Olympic host city of Sochi, Russia – here’s some generally positive commentary on the architecture of the Olympic facilities that were actually finished on time:

Changing Skyline: With sophisticated tower, Dranoff continues to transform S. Broad (The Philadelphia Inquirer|
PhillyDeals: High rents forecast for Comcast tower (The Philadelphia Inquirer|
New pharma company eyeing Philadelphia? (Philadelphia Business Journal)
Here Now, 10 Buildings Actually Finished In Time for Sochi (Curbed National)