Interior Architecture & Design GRADUATE PROGRAM HANDBOOK
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03.031 Socc04 Final 2(R)
STATEOF CENTER CITY 2008 Prepared by Center City District & Central Philadelphia Development Corporation May 2008 STATEOF CENTER CITY 2008 Center City District & Central Philadelphia Development Corporation 660 Chestnut Street Philadelphia PA, 19106 215.440.5500 www.CenterCityPhila.org TABLEOFCONTENTSCONTENTS INTRODUCTION 1 OFFICE MARKET 2 HEALTHCARE & EDUCATION 6 HOSPITALITY & TOURISM 10 ARTS & CULTURE 14 RETAIL MARKET 18 EMPLOYMENT 22 TRANSPORTATION & ACCESS 28 RESIDENTIAL MARKET 32 PARKS & RECREATION 36 CENTER CITY DISTRICT PERFORMANCE 38 CENTER CITY DEVELOPMENTS 44 ACKNOWLEDGEMENTS 48 Center City District & Central Philadelphia Development Corporation www.CenterCityPhila.org INTRODUCTION CENTER CITY PHILADELPHIA 2007 was a year of positive change in Center City. Even with the new Comcast Tower topping out at 975 feet, overall office occupancy still climbed to 89%, as the expansion of existing firms and several new arrivals downtown pushed Class A rents up 14%. For the first time in 15 years, Center City increased its share of regional office space. Healthcare and educational institutions continued to attract students, patients and research dollars to downtown, while elementary schools experienced strong demand from the growing number of families in Center City with children. The Pennsylvania Convention Center expansion commenced and plans advanced for new hotels, as occupancy and room rates steadily climbed. On Independence Mall, the National Museum of American Jewish History started construction, while the Barnes Foundation retained designers for a new home on the Benjamin Franklin Parkway. Housing prices remained strong, rents steadily climbed and rental vacancy rates dropped to 4.6%, as new residents continued to flock to Center City. While the average condo sold for $428,596, 115 units sold in 2007 for more than $1 million, double the number in 2006. -
2014-1015 Upenn FRES Annual Report
1 Penn Compact 2020 builds on the past decade of progress we have made in advancing the University of Pennsylvania. It is a far-reaching vision that outlines next steps to increase access to Penn’s exceptional intellectual resources; integrate knowledge across academic disciplines with emphasis on innovative understanding and discovery; and engage locally, nationally, and globally to bring the benefits of Penn’s research, teaching, and service to individuals and communities at home and around the world. – Amy Gutmann, President University of Pennsylvania Average number of construction workers on campus per day working on Penn projects during summer 2015 2 UNIVERSITY OF PENNSYLVANIA FACILITIES & REAL ESTATE SERVICES BI-ANNUAL REPORT FY2014 –FY2015 The physical manifestation of the Penn Compact is the Penn Connects campus development plan – an exciting blueprint for the campus adopted in 2006. Penn Connects 2.0 builds on In review... that comprehensive strategy and reinforces the University’s sustainability objectives. Over the last decade, Penn has added 27.25 acres of new open space, 6 million sq. ft. of new construction, and 2.4 million sq. ft. of renovation, representing a total commitment of public and private investment of $3.8 billion. Bringing to life the vision of the Penn Compact falls in the most tangible way to us in Penn’s Facilities and Real Estate Services. The Division provides the expertise, business practices, policies and standards required to plan, design, construct, operate, maintain, and renew the physical assets of the University. Through these actions, our staff members across all departments impact the ability of the University to meet its goals in teaching and scholarship, medical research and clinical care, living and learning, and campus and community. -
Program Code Title Date Start Time CE Hours Description Tour Format
Tour Program Code Title Date Start Time CE Hours Description Accessibility Format ET101 Historic Boathouse Row 05/18/16 8:00 a.m. 2.00 LUs/GBCI Take an illuminating journey along Boathouse Row, a National Historic District, and tour the exteriors of 15 buildings dating from Bus and No 1861 to 1998. Get a firsthand view of a genuine labor of Preservation love. Plus, get an interior look at the University Barge Club Walking and the Undine Barge Club. Tour ET102 Good Practice: Research, Academic, and Clinical 05/18/16 9:00 a.m. 1.50 LUs/HSW/GBCI Find out how the innovative design of the 10-story Smilow Center for Translational Research drives collaboration and accelerates Bus and Yes SPaces Work Together advanced disease discoveries and treatment. Physically integrated within the University of Pennsylvania’s Perelman Center for Walking Advanced Medicine and Jordan Center for Medical Education, it's built to train the next generation of Physician-scientists. Tour ET103 Longwood Gardens’ Fountain Revitalization, 05/18/16 9:00 a.m. 3.00 LUs/HSW/GBCI Take an exclusive tour of three significant historic restoration and exPansion Projects with the renowned architects and Bus and No Meadow ExPansion, and East Conservatory designers resPonsible for them. Find out how each Professional incorPorated modern systems and technologies while Walking Plaza maintaining design excellence, social integrity, sustainability, land stewardshiP and Preservation, and, of course, old-world Tour charm. Please wear closed-toe shoes and long Pants. ET104 Sustainability Initiatives and Green Building at 05/18/16 10:30 a.m. -
2014 Investor Property Tour – Evo Cira Centre South
2014 Investor Property Tour – evo Cira Centre South 0 Welcome and Speaker Introduction Campus Crest Communities, Inc Ted W. Rollins Chairman & Chief Executive Officer Robert M. Dann Executive Vice President & Chief Operating Officer Donnie L. Bobbitt Executive Vice President & Chief Financial Officer Brian L. Sharpe Executive Vice President & Chief Construction and Facilities Officer Guest Speakers Gerard H. Sweeney President, Chief Executive Officer and Trustee of Brandywine Realty Trust Matt Bergheiser Executive Director of University City District Craig R. Carnaroli Executive Vice President of the University of Pennsylvania 1 evo at Cira Centre South • 33-story student housing tower in University City, Philadelphia at SE corner of 30th and Chestnut Streets • Joint venture between three leading real estate investors o Brandywine (30%) o CCG (30%) o Harrison Street (40%) • 344 units / 850 beds • Total cost of $158.5 million • Leasing underway for August 2014 opening 2 Market View 3 evo at Cira Centre South – Asset Level Capital Stack Equity Ownership Total Asset Capital Stack Total Capital Stack $158.5 Total Debt $97.8 61.7% $160.0 Total Equity 60.7 38.3% Total Cost $158.5 100.0% $140.0 $120.0 Equity Ownership CCG $18.2 30.0% HSRE 24.3 40.0% $100.0 BDN 18.2 30.0% Total Equity $60.7 100.0% $80.0 • Construction loan reflects ~61.7% LTV $60.0 • LIBOR+220 BPS 61.7% • Floating Rate $40.0 • Maturity date of 7/25/16 • Two 12 month extension options $20.0 • Campus Crest (CCG) reflects 30% equity ownership $0.0 • Brandywine Realty Trust (BDN) reflects 30% equity ownership Total Capital Stack • Harrison Street Real Estate (HSRE) reflects 40% equity ownership Debt CCG HSRE BDN 4 Guest Speakers Gerard H. -
Use This Handy Guide for the Location of 36 Area
SPECIAL ADVERTISING SECTION Use this handy guide for the location of 21. Parc Rittenhouse 36 area properties holding Open House 225 S. 18th Street on Saturday, October 20th and Sunday, Philadelphia, PA 19103 October 21st from 12-5pm. Tours are at the 22. Park Place at Garden State Park property location unless noted otherwise. 603 Haddonfield Road Cherry Hill, NJ 08002 Join us for food, drinks, prizes and giveaways. FOR MORE INFORMATION VISIT phillymag.com/openhouse SPECIAL EVENT 1. 22 Front 11. The Ellington 23. Parkway 22 22 Front Street 1500 Chestnut Street, 19th Floor 501 N. 22nd Street Philadelphia, PA 19103 Philadelphia, PA 19102 Philadelphia, PA 19130 SALES OFFICE: 1608 Walnut Street, Suite 1303 12. Fairmount Court 24. Regency at Packer Park Philadelphia, PA 19103 801 N. Ringgold Street 2021 A Capri Court Philadelphia, PA 19130 Philadelphia, PA 19145 2. 23 A Condominium (Carriage House) SPECIAL Savory food sampling. 23 South 23rd Street EVENT 25. The Residences at Dockside Philadelphia, PA 19103 717 S. Christopher Columbus Boulevard 13. The Grande at Riverview Philadelphia, PA 19147 3. 1401 Walnut 200 West Elm † 1401 Walnut Street Conshohocken, Pa 19428 26. The Residences at Two Liberty Place Philadelphia, PA 19103 50 S. 16th Street, 57th Floor SALES OFFICE: 14. Hilltop at Ridge Falls Philadelphia, PA 19102 1701 Walnut Street 3701 Falls Circle Join us for food and drinks. SPECIAL Philadelphia, PA 19103 Philadelphia, PA 19129 EVENT Enjoy food platters and specialty † SPECIAL 15. Mandeville Place EVENT drinks and beverages. 27. The Residences at the Ritz-Carlton 24th and Walnut Streets 10 Avenue of the Arts, 2nd Floor 4. -
Supplemental Information Package
Supplemental Information Package Fourth Quarter | 2017 Table of Contents Page Executive Summary 3 2018 & 2017 Business Plan Trend Line 5 Investor Day 2018 - 2021 Forward Guidance Ranges 6 2018 Business Plan Highlights 7 Sources and Uses of Cash and Cash Equivalents 8 Regional Property Overview 9 Net Operating Income Composition 12 Development Activity 13 Land Inventory 16 Property Activity 17 Leasing Activity 19 Lease Expiration Analysis 21 Top Twenty Tenants 23 Portfolio Tenant Mix 24 Income Statements 25 Same Store Net Operating Income Comparison 26 EBITDA and EBITDA Coverage Ratios 28 Funds from Operations and Cash Available for Distribution 29 Balance Sheets and Related Information 31 Debt Schedules 34 Unconsolidated Real Estate Ventures 39 Cira Centre, Philadelphia, PA Analyst and Company Information 42 Disclaimers and Other Information 43 Q4 2017 Executive Summary (unaudited in millions, except square footage and acreage) | Page 3 Transaction Highlights Dispositions On January 10, 2018, the evo at Cira Centre South Venture, a real estate venture in which we own a 50% interest, sold its 347-unit residential property in Philadelphia, Pennsylvania, at a gross sales price of $197.5 million. We received net cash proceeds of $43.0 million after closing costs and related debt payoffs. The estimated gain on the transaction is $25.3 million. Since the original capital contribution on January 25, 2013, the real estate venture earned an IRR of 22.5%. On January 5, 2018, exchanged our 20% interest in Seven Tower Bridge, a real estate venture which owns an undeveloped land parcel in Conshohocken, Pennsylvania encumbered by $14.6 million of debt (our share was $2.9 million), for the remaining 35% interest in Four Tower Bridge, a real estate venture which owns an office property containing 86,021 square feet in Conshohocken, Pennsylvania encumbered by $9.7 million of debt (our 65% share prior the exchange was $6.3 million). -
Retail Brochure
schuylkillyards.com BY BRANDYWINE REALTY TRUST The Vision Schuylkill Yards transforms 14 acres adjacent to Philadelphia’s 30th Street Station, replacing parking lots with a vibrant 6.9 million SF neighborhood of parks, lifestyle experiences, and workspaces intentionally designed for productivity and wellbeing. Building upon our country’s historic values of invention, equity, entrepreneurship and courage, Schuylkill Yards introduces the next chapter for Philadelphia. Here, we are connecting people and communities, uniting bold brands with driven, entrepreneurial minded talent. Our vision is executed by the world’s best architects, engineers, planners and designers, and guided by an intentional, inclusive approach. Now, a new place is rising between Center City and University City—inspiring us to continue building the powerful legacy of Philadelphia. SF of4.8M Work Spaces SF of1.9M Living Spaces SF of Retail132K Experiences 6.5of Greenspace Acres The NEW HEART of America’s First Great City Your New Neighbors Our Neighborhood is Brilliant This is where talent flocks to and people set down roots after graduation. Anchored by several of the nation’s most acclaimed educational and medical institutions, University City continues to thrive as the center for innovation and opportunities. largest 4thpopulation of students in the U.S. with 440,000 students College54% Students Stay in Area after Talent Thrives Here Graduation It just got way easier to recruit the nation's top talent. Here, you are surrounded by Increase115% in College- the risk-takers, boundary-pushers, and educated 25-34 forward-thinkers. These people are driven by Year-olds, 2000-2017 passion and purpose, and they’re seeking like-minded companies and leaders who will push for advances in life sciences, technology and business. -
20Th & Sansom Streets
FOR LEASE 20TH & SANSOM STREETS 22ND STREET Care Rx Philadelphia Healthcare Trust Sidney Hillman Medical Center Daro Design Group RITTENHOUSE SQUARE Florist Les Gals/Erotic Emporium First Lutheran Church of Philadelphia Loft Cleaners Book Bin II Philadelphia, PA VAN PELT STREET Parking Garage Selah Sanctuary Spa Four Sisters Nails Philadelphia Fire Department Furniture Lifestyle Vacant (Coming Soon) Riverwest Condominiums Unique Shoe Repair Blue Nails Market Food First Vacant Monde Market Fleur De Lis Boutique The Murano Condominium Apartments Martial Arts (AVAILABLE) Cleaners Mandarin Restaurant Slate (Coming Soon) 21ST STREET Parking LOCATIONSushi Bar Shelley & Co. Salon Porcini RETAIL SPACE AVAILABLE Wonderland AVAILABLE AVAILABLE 2021 Chestnut Street (AVAILABLE) Deborah Finn’s Rittenhouse Jewelers Deborah Finn’s Nail Lounge VCA Cat Hospital of Philadelphia VCA Cat Community Reading Club The Cafe Inc (2nd Floor) Creative, Snyder Rittenhouse & Spa Manicure Balance Chiropractic Center Chiropractic Balance 2,000 SF available Soon) Urban Farm (Coming Coventry Deli + British Imperial Cleaners Ranstead Room D’Angelo’s Restaurant D’Angelo’s Custom Framing & Art Framing Custom Law Oces St. Patrick’s Church Patrick’s St. Reexology Center Reexology Opera Barbershop Opera Samson Cleaners Square Peg Artery Peg Square The Spot Pizzeria The Szechuan Hunan Szechuan Salon Hair Spray Thai Sing House Thai Parking Garage Parking S. Nucho Rugs Son’s Cleaners Son’s Dahlia’s Produce Jin’s Tower Pizza Tower Save Some Green + Possible expansion (second and -
Stylistic Trends in Multifamily Housing
Stylistic Trends in Multifamily Housing Being modern means INMANHATTAN, the epitome of high-rise luxury living has long been the always having a choice. so-called prewar apartment building. These high-rises, located along Park Avenue and Central Park West and con- structed prior to the Second World War, are characterized by stone and brick façades, classical or Art Deco detailing inside and out, and formal apartment plans with entrance foyers, separate liv- ing and dining rooms, enclosed kitchens, and staff rooms. Though many apart- ment buildings were built in the ensuing decades, none achieved an equal measure MICHAELYTTERBERG of social status. 8 0 ZELL/LURIEREALESTATECENTER Figure 1: 173 and 176 Perry Street, 165 Figure 2: 15 Central Park West, NewYork Charles Street, NewYork City (Perry City (Zeckendorf Development; Robert A. Street Development Corporation and M. Stern Architects). Alexico Management; Richard Meier & Partners, architects). That changed in 1999, when Richard whether the heyday of the prewar apart- Meier, a Pritzker Prize-winning architect, ment building was over, now that its tradi- was commissioned to build two small tional design had been challenged by the glass, steel and concrete luxury apartment floor-to-ceiling walls of glass. buildings on the west side of Greenwich In the meantime, Robert A. M. Stern, Village facing the Hudson River (Figure another well-known New York architect, 1). 173 and 176 Perry Street (the buildings was designing a series of high-rise apart- were finished in 2002 and a third, 165 ment buildings in the city, taking as his Charles Street, was completed in 2005) model precisely the prewar buildings. -
Office Snapshot Q1 2016 111 Ill 11111 WAKEFIELD PHILADELPHIA, PA - CBD
MARKETBEAT -- CUSHMAN & Office Snapshot Q1 2016 111 Ill 11111 WAKEFIELD PHILADELPHIA, PA - CBD PHILADELPHIA CBD OFFICE Economy The Philadelphia Metropolitan Area’s (MSA) unemployment rate declined Economic Indicators 12-Month to 4.8% in the first quarter 2016, a 100-basis-point drop year-over-year. Q1 15 Q1 16 Forecast Philadelphia’s total nonfarm employment increased by 2.1% over the Philadelphia Employment 2,799M 2,857M past year, with the professional and business services experiencing the Philadelphia largest growth of any sector, adding 18,100 jobs to the market. The 5.8% 4.8% Unemployment education and health services sector also added 15,300 new jobs, U.S. Unemployment 5.6% 4.9% increasing by 2.5% year-over-year. Market Indicators (Overall, All Classes) Market Overview The overall vacancy rate for the Philadelphia Central Business District 12-Month Q1 15 Q1 16 (CBD) declined to 9.8% in the first quarter 2016, down 210 basis points Forecast from the first quarter 2015. Most notably, the West of Broad submarket’s Vacancy 11.9% 9.8% overall vacancy dropped to 8.6% in the first quarter, the lowest vacancy Net Absorption -374k 271k experienced in the submarket since 2001. The West of Broad submarket Under Construction 1.9M 1.9M began the year with 459,337 square feet (sf) of positive absorption due Average Asking Rent $26.86 $28.22 - to several tenants that inked deals in 2015 taking occupancy this quarter. *Rental rates reflect gross asking $psf/year Independence Blue Cross (IBC) took occupancy during the first quarter 2016 at 1900 Market Street. -
Parkside Portfolio Four Properties | Parkside Ave | Urban Retail | Mixed Use
PARKSIDE PORTFOLIO FOUR PROPERTIES | PARKSIDE AVE | URBAN RETAIL | MIXED USE PARKSIDE LOFTS VALUE ADD CMX3 BUILDING Parkside Portfolio TABLE OF CONTENTS Section 1: Portfolio Summary Section 4: Parkside Lofts Portfolio Overview.....................................................4 Property Overview....................................................16 Site Plan....................................................................5 Rent Roll..................................................................17 OFFERED Investment Overview...................................................6 Income & Expenses...................................................18 EXCLUSIVELY BY Section 2: Davita Dialysis & Santander Bank Section 5: Value Add CMX3 Building Property Overview......................................................8 Property Overview....................................................20 Lead Agents: Rent Roll....................................................................9 Section 6: Tenant Descriptions Derrick Dougherty Income & Expenses...................................................10 Tenant Overviews................................................22-25 First Vice President Section 3: Goodwill & Oak Street Health Section 7: Market Overview Philadelphia, PA 215.531.7026 Property Overview...................................................12 Regional & Aerial Map.......................................27-28 [email protected] Rent Roll..................................................................13 Demographics..........................................................29 -
Three Logan Square
THREE LOGAN SQUARE Philadelphia, PA THREE LOGAN SQUARE Three Logan Square is a 51-story building with a magnificent presence on the Philadelphia skyline. Designed by Kling-Lindquist Partnership, this iconic tower now offers amenities such as a state-of-the-art conference center, tenant-exclusive fitness center, and secured interior access to a 350-space parking garage. Its highly efficient floor plates appeal to those seeking naturally lit, open-plan layouts with panoramic city views. 676 76 HIGHLIGHTS — 51-story tiered skyscraper, distinctly-hued in red — Situated at intersection of Philadelphia’s major granite, designed by The Kling-Lindquist Partnership business and prestigious cultural districts • Energy Star certified • Close walk to cultural attractions along Benjamin Franklin Parkway: Philadelphia — On-site Logan Square restaurants: City Tap House, Museum of Art, Barnes Foundation, Rodin Matt & Marie’s Modern Italian Sandwiches, Kayu Museum, Franklin Institute, Academy of Superfoods, Saxby’s Coffee, and Zushi Natural Sciences and more — Steps away from additional dining options such as • Access to open, green spaces such as: Chops Restaurant & Bar, The Market and Shops at Logan Circle and the Swann Memorial Comcast Center retail concourse, The Urban Farmer Fountain, Sister Cities Park, and Three Restaurant and Assembly Rooftop Lounge Logan Plaza — Easy commutes • Adjacent to Comcast Technology Center bringing a multitude of new advantages to • Secured access from building lobby to an neighborhood—including restaurants by indoor