Slobotic t1_jef8lsk wrote on March 31, 2023 at 4:06 PM

Wow, it's even a cool looking building.

It's not going to be affordable housing, but it's still good. Give wealthier people more places to live in CC West and they'll be in less of a rush to gentrify neighborhoods that are currently affordable. That doesn't mean I wouldn't be happy with an affordable housing allotment in new developments like New Jersey has (and sometimes enforces), but this is still good news.

jmajek t1_jeghy1r wrote on March 31, 2023 at 9:05 PM

>Give wealthier people more places to live in CC West and they'll be in less of a rush to gentrify neighborhoods that are currently affordable.

Excited for the building but is this really true? I'm seeing $3-7k for luxury 2 bedroom rentals in the area. https://www.apartments.com/rittenhouse-square-philadelphia-pa/2-bedrooms/luxury/

I would def choose to buy then pay that price. Also, if someone has that kind of budget I doubt they are looking in Grays Ferry, Cobbs Creek and etc

UndercoverPhilly t1_jeglb0h wrote on March 31, 2023 at 9:29 PM

When that Atlantic Building first renovated and opened a few years ago their 1 bedrooms were $1999. So they are now at $2795 for a 1 bedroom, just to show how they keep increasing. I'm not saying that anything in there should be under $2000, just that they will keep raising rent to keep up with new buildings starting at $2500.

People who lived in that 1500 Locust building were paying $1800 a year ago for a 1 bedroom and now they start at $2450. I've heard of people who had to move out of there and find somewhere cheaper.

OnionLegend t1_jegl7q7 wrote on March 31, 2023 at 9:28 PM

What do you like about the design? I think it’s kinda boring.