The updated Market8 rendering.
One of the six contenders for Philadelphia’s second casino license, Market8 — an investor group helmed by Ken Goldenberg and Ira Luber, among others — has just released a new vision of what it calls its “urban entertainment center” proposed for Eighth and Market. The announcement emphasizes the commitment to ground-floor retail and restaurants “on a newly beautified Market Street” (their optimism is boundless).
Ken Goldenberg says in the statement:
“We are designing the ground floor to fully engage walkers and commuters, recognizing not just how central our location is, but how critical this is to the vitality of this corridor. We will be opening up that level with transparency, doorways, tables and outdoor seating that will allow 8th and Market to become an attractive social place to meet for lunch, dinner, or coffee, and a place that will create energy and excitement all hours of the day and evening.”
Philadelphia, welcome to LoSo.
PHL Local Gaming, one of the six contenders for Philadelphia’s second casino license, has announced a bold plan for the Lower South Philadelphia area where they’d put their casino. A recent press release touts a family-friendly entertainment center that would be developed in “the area between the Stadium Complex, public park land, the FDR Park Golf Club, and the Delaware River.”
The center would include “attractions such as food-and-beverage and retail businesses, soccer fields, racquet sports, an indoor swimming pool, a zip-line park, rock-climbing facilities, a golf driving range, a dry ski/skateboarding park, a water park, and areas devoted to music and live entertainment.”
A rendering of LoSo Entertainment Center by PHL Local Gaming
Over at the Philly Post, Andrew Thompson is asking why the City of Philadelphia — in the midst of waiting for its second casino license — has not followed through on an assertion that it would do an independent economic impact study of SugarHouse. After all, experts tell Thompson it would take about a month to do such an assessment, so it isn’t a question of time.
But municipal musical chairs and forgotten conversations seem to be the problem now, four years after Terry Gillen first mentioned the idea to City Paper’s then-staff writer Isaiah Thompson. She later reversed course, saying the city was not doing an impact study after all — perhaps a miscommunication.
Photo of Ocean City Boardwalk by Laura Kicey
Okay, we’re fairly certain that even those who didn’t make the list of Budget Travel Magazine’s Most Awesome Boardwalks have not reached a pit of despair so deep that they’ve been reduced to pursuing drug addiction. But these debates can get passionate, that’s for sure, when the stakes are high.
Everyone at the Jersey Shore is looking for tourism this summer, worried that Sandy, or national perceptions of Sandy, will keep people away. Budget Travel included area boardwalks at Atlantic City, Point Pleasant, Wildwood and Rehoboth–but did not mention Ocean City, NJ, which does, indeed, seem odd. But Ocean City, Maryland, got a strong mention, and perhaps the writers felt it would be too clunky to have two Ocean Cities on the list (far-fetched, we realize).
Scores Atlantic City will look like this.
With the market looking up, there’s a lot of advice coming from various sectors about home buying. The New York Times’ Carl Richards, a renter, confesses to a moment of panic when he read economist Felix Salmon’s tweet quoting John Paulson: “if you rent, buy. If you own, buy a second home.”
Guess who else felt that panic? Half the people at Property and its parent company.
But as Richards points out, there’s little mystery to figuring out if you are in a good position to make the move. In fact, two of them are must-knows.
Photo by SameOld2010" via Flickr.
Photo by Anjan Chatterjee via Flickr.
• Revel Casino Offers Loss-Rebate Promotion As It Attempts To Rebuild Customer Base [CBS 3] • Revel’s new marketing approach: Target the gambler [philly.com] • Was Staying Through Hurricane Sandy the Right Thing to Do? [PhillyPost] • Piazza North? Another mega mixed-use development proposed in S. Kensington [Naked City/CP] • Defense Center looking for a [...]
He was something between an inspiring commencement speaker and a Catskills comedian. Developer Bart Blatstein sat down with Philly Mag Editor-in-Chief Tom McGrath yesterday at the Barnes Museum to talk about development, casinos and other issues pertaining to the future of the city. It was a ThinkFest Salon, an event meant to keep the conversation going until the next ThinkFest in the fall.
The ThinkFest Salon is a series of conversations with the boldest thinkers in Philadelphia. This evening at 6 p.m., the Salon features Bart Blatstein, one of the city’s most prominent and innovative real estate developers. Blatstein will talk with Philadelphia Magazine’s Editor-in-Chief Tom McGrath about casinos, building neighborhoods, and the way developers are changing the face of Philadelphia.
People interested in real estate–like all youse Property readers–won’t want to miss this one. For ticketing and event info, read on.
Photo: Liz Spikol
Next City’s journal Forefront came out this week with a story by Jake Blumgart titled “Has Atlantic City Reached the End?” Three years after Gov. Chris Christie called AC a “dying city” and vowed to turn it into the next Las Vegas, Blumgart paints a dark picture, examining the intersections between all the unpredictable factors the beleaguered city has to face, from gaming revenues to hurricanes to local and state politicians.
Unsurprisingly, Blumgart uses Revel as a symbol for so much of what’s wrong, but he also puts Hurricane Sandy at center-stage, ultimately weaving them together with the plight of an abandoned, decaying city like three fraying strands of a braid.