Penn's Landing Feasibility Study Presentation

Page 1

PENN’S LANDING REDEVELOPMENT

APRIL 25, 2014

HARGREAVES ASSOCIATES FXFOWLE KS ENGINEERS JMT ENGINEERS GUY NORDENSON & ASSOCIATES HR&A ADVISORS RBA GROUP BECKER & FRONDORF

THE DELAWARE RIVER WATERFRONT CORPORATION


EXISTING CONDITIONS MAKING CONNECTIONS OPEN SPACE STRATEGIES DEVELOPMENT SUMMARY BUDGET

AGENDA PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


1

EXISTING CONDITIONS

PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


2

MAKING CONNECTIONS

PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


SITE CONNECTIONS

PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


SCHEMATIC FRAMING PLAN – STRUCTURE OVER ROADWAYS - TILTED PARK ON FILL PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


FLANGE

WEB

WIDTH (IN)

THICKNESS (IN)

DEPTH (IN)

THICKNESS (IN)

UNIT WEIGHT (LB/FT)

35

16.47

1.26

33.38

0.76

230

75

24

2.5

37

0.75

503

SPAN LEN (FT)

TOTAL SECTION DEPTH 6'-3'' 6'-6'' 6'-6''

80

24

2.75

36.5

0.75

542

110

24

4

46

1

810

7'-6''

165

24

4

92

1.5

1123

11'-4''

KSE

KS Engineers, P.C. ●

PARK STRUCTURAL SCHEME PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


+30.0 existing

FRONT STREET

65’

+36.3 existing +29.9 proposed section

+8

+5

I-95

COLUMBUS BLVD

225’

135’

360’ UPPER PARK

+9

200’

-2 HIGH TIDE -8 LOW TIDE

285’ 485’ TILTED PARK

CHESTNUT STREET - SECTION +31.6 existing +32.3 proposed section +21.0 existing

FRONT STREET

-2

+32.2 existing +31.9 proposed section

+8

I-95

COLUMBUS BLVD

230’

130’

360’ UPPER PARK

+9

-2 HIGH TIDE -8 LOW TIDE

485’ TILTED PARK

WALNUT STREET - SECTION SECTIONS

PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


(+21.0)

3.03%

+ 31.9 (+32.2)

1.51%

UPPER PARK

0.34%

(+30.0)

0.03%

+ 29.9 (+36.3)

ELEVATIONS

PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


COLUMBUS BOULEVARD EXPERIENCE PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


VIEW FROM COLUMBUS BOULEVARD PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


LIGHT

ART

Nabana no Sato, Kuwana, Japan

Griffith Park, Los Angeles

Highway, Oklahoma City

MATERIAL

Metro Station, Prague

LeFrak Center at Lakeside, New York

Los Angeles International Airport

TUNNEL WALL TREATMENT PRECEDENTS PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


PROPOSED VEHICULAR ACCESS OVER/UNDER I-95 TO COLUMBUS BLVD & PENN’S LANDING

PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


PEDESTRIAN CONNECTIONS

PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


PROPOSED TRANSIT ACCESS

PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


300 300 306

250

840 69

94

PARKING OPPORTUNITIES

PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


BICYCLE ACCESS

PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


3

OPEN SPACE STRATEGIES

PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


OPEN SPACE STRATEGIES : PIER PARK

PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


MARINA BASIN - AERIAL PERSPECTIVE PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


SOUTH STREET PEDESTRIAN BRIDGE PROPOSAL PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


SOUTH STREET PEDESTRIAN BRIDGE PROPOSAL PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


PIER PARK - PROGRAM MASSING DIAGRAM PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


OPEN SPACE STRATEGIES : HARBOR PARK

PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


N

0’

HARBOR PARK- PLAN PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

20’

50’

100’

ll 25 APRIL 2014


HARBOR PARK– ESPLANADE LOOKING NORTH PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


HARBOR PARK- ESPLANADE PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


OPEN SPACE STRATEGIES : MARINA BASIN

PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


BERLIN

SAN FRANCISCO

AMSTERDAM

VIENNA

MARINA BASIN - PRECEDENTS PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


HARBOR PARK LOOKING WEST PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


HARBOR PARK LOOKING WEST PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


HARBOR PARK - FOGLIETTA PLAZA EXISTING CONDITIONS PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


HARBOR PARK - FOGLIETTA PLAZA EXISTING CONDITIONS PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


OPEN SPACE STRATEGIES : PENN’S LANDING PARK

PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


PENN’S LANDING PARK - PLAN DECEMBER 2013 (WINTER) PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


BOCCE/PETANQUE COURTS (WATER FEATURE ON)

0

(2) BOCCE COURTS 10’ X 65’

50’

100’

FESTIVAL MARKET (WATER FEATURE OFF)

200’

0

(60) PLAZA TENTS 10’X 10’

50’

100’

MOVABLE TABLES/CHAIRS (WATER FEATURE ON)

200’

0

100’

200’

(18) MOVABLE CAFE TABLES (72) MOVABLE CAFE CHAIRS

PENN’S LANDING PARK - OPEN SPACE CAPACITY (SUMMER) PENN’S LANDING

50’

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 7 APRIL 2014


PENN’S LANDING PARK – AERIAL DAY PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 7 APRIL 2014


PENN’S LANDING PARK – AERIAL DAY PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 7 APRIL 2014


PENN’S LANDING PARK – AERIAL DAY PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 7 APRIL 2014


PENN’S LANDING PARK – AERIAL LOOKING EAST PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 7 APRIL 2014


PENN’S LANDING PARK - AERIAL PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 7 APRIL 2014


PENN’S LANDING PARK - GARDENS PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


PENN’S LANDING PARK – ICE RINK SUMMER PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


PENN’S LANDING PARK – ICE RINK SUMMER PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


PENN’S LANDING PARK – ICE RINK WINTER PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


PENN’S LANDING PARK - GARDENS PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


PENN’S LANDING PARK - GARDENS PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


MARKET STREET DEVELOPMENT PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


PENN’S LANDING PARK - ESPLANADE SECTION PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


PLAN OVERVIEW - DECEMBER 2013 PENN’S LANDING

0’

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


4

DEVELOPMENT SUMMARY

PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


MARKET ABSORPTION MAXIMUM: 3,215,008 SF

OPTION 1: 2,693,013 SF

OPTION 2: 1,899,909 SF

OPTION 3: 1,920,928 SF

RANGE OF DVELOPMENT OPTIONS

PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


10 YEAR / LATER PHASE

10 YEAR / PHASE 1

10 YEAR / LATER PHASE

HYATT REGENCY HOTEL

6085 SF

CAFE 6735 SF

SPIRIT ELITE

4 LEVEL GARAGE 94 SPACES 10,545 SF

SPIRIT

MOSHULU

9635 SF

RETAIL TOW NHOME RESIDENTIAL HOTEL SEAPORT MUSEUM SERVICE / PARKING

MARINA BASIN - GROUND LEVEL PLAN OPTION 3 PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


SEAPORT MUSEUM SITE

PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


SEAPORT SITE SUB-TOTAL 10 YEAR - SEAPORT 72,565 SF (24,030 SF GARAGE) 49 UNITS

PROJECT TOTAL 10 YEAR COMBINED 1,24 0 ,194 SF 625 UNITS 260 HOTEL KEYS 10+20 YEAR 1,92 0,928 SF 1,0 5 0 UNITS 2 6 0 HOTEL KEYS

SEAPORT MUSEUM SITE OPTION 3 - LOOKING NORTHWEST

PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


10 YEAR / LATER PHASE

20 YEAR BUILD-OUT

MARKET STREET SITES OPTION 3 - AERIAL PERSPECTIVE PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


RETAIL / AMENITY

10 YEAR / LATER PHASE

TOW NHOME

20 YEAR BUILD-OUT

RESIDENTIAL HOTEL SEAPORT MUSEUM SERVICE / PARKING COLUMBUS BLVD

COLUMBUS BLVD R.O.W.

COLUMBUS BLVD R.O.W. SPEED RAMP

SPEED RAMP

SPEED RAMP

GARAGE 8 4 0 SPACES

5164 SF 16204 SF

275 0 SF

+4 GAZELA

MARKET STREET SITE - GROUND LEVEL PLAN PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


RETAIL

10 YEAR / LATER PHASE

TOW NHOME

20 YEAR BUILD-OUT

RESIDENTIAL

SEAPORT MUSEUM SERVICE / PARKING

MARKET STREET

CHESTNUT STREET

HOTEL

COLUMBUS BLVD

SPEED RAMPS / SERVICE

SPEED RAMPS / SERVICE 5568 SF

5568 SF

3747 SF

+20.5

CENTRAL LAW N

+4 GAZELA

MARKET STREET SITE - STREET LEVEL PLAN PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


DEVELOPMENT SUMMARY OPTION 3 PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


AERIAL

PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


5

BUDGET

PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


PROJECT COST SUMMARY (529,200 SF) Demolition Foundations, Framing & Structure Hardscape Concession & Park Amenities Softscape/Planting South Street Pedestrian Bridge Extension Multi-Use Trail Allowance (Pro-Forma Estimate Based on Completed Waterfront Trail Projects)

$8,174,000 $80,241,500 $16,479,700 $7,800,000 $6,336,980 $14,240,000 $10,000,000

SUBTOTAL General Conditions/O.H.&P. – 15% Bond – 1% Contingency – 20%

$143,272,180 $21,490,820 $1,648,000 $33,282,000

TOTAL CONSTRUCTION Soft Costs – 26%

$198,045,000 ($375/SF) $51,955,000

TOTAL PROJECT

$250,000,000 ($473/SF)

PENN’S LANDING PARK - COST ESTIMATION PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


AERIAL

PENN’S LANDING

HARGREAVES ASSOCIATES / FXFOWLE / KS ENGINEERS / JMT ENGINEERS / GUY NORDENSON & ASSOCIATES / HR&A ADVISORS / RBA GROUP / BECKER & FRONDORF / THE DELAWARE RIVER WATERFRONT CORPORATION

ll 25 APRIL 2014


INFRASTRUCTURE INVESTMENT highway cap + park

delaware river trail

250 MILLION

south street pedestrian bridge


ONE-TIME IMPACT OF INFRASTRUCTURE INVESTMENT economic impact

2,780

250

JOBS

176

MILLION

MILLION

Additional Economic Activity

fiscal impact

10.6

MILLION

One-Time City Tax Revenues

11.8

MILLION

One-Time Commonwealth Tax Revenues

An investment of $250 million into the construction of the Penn’s Landing Park, the Delaware River Trail, and the South Street Pedestrian Bridge will lead to the one-time creation of 2,780 new construction jobs and $176 million in additional economic activity in the area. It will also lead to the one-time addition of $10.6 million in City tax revenue and $11.8 million in Commonwealth tax revenue.


PRIVATE DEVELOPMENT

Market analysis of the City of Philadelphia and its region indicates Penn’s Landing could absorb as much as 3.215 million square feet of new development over twenty years. To model the economic impact of the proposed improvements, DRWC used a more conservative estimate of close to 2 million square feet.


PRIVATE DEVELOPMENT market street site

1,880

RESIDENTIAL UNITS

marina basin site

750

HOTEL ROOMS

front street soft sites

107,500 SQ FT OF RETAIL SPACE

706 MILLION


ONE-TIME IMPACT OF PRIVATE DEVELOPMENT economic impact

8,540

706

JOBS

527

MILLION

MILLION

Additional Economic Activity

ďŹ scal impact

31.6

MILLION

One-Time City Tax Revenues

35.4

MILLION

One-Time Commonwealth Tax Revenues

An investment of $706 million into the construction of new residential and commercial buildings at the Market Street and Marina Basin sites will lead to the one-time creation of 8,540 new construction jobs and $527 million in additional economic activity in the region. It will also lead to the one-time addition of $31.6 million in City tax revenue and $35.4 million in Commonwealth tax revenue.


ONE-TIME IMPACT OF PROJECT CONSTRUCTION economic impact

11,320

956

JOBS

703

MILLION

MILLION

Additional Economic Activity

ďŹ scal impact

42

MILLION

One-Time City Tax Revenues

47

MILLION

One-Time Commonwealth Tax Revenues

Taken together, the construction of the infrastructure improvements (highway bridge, park, trail, and pedestrian bridge) and the construction of the private development sites (at Market Street and Marina Basin) will yield a $956 million investment that will create 11,320 new jobs and $703 million in additional economic activity. It is estimated that the one-time fiscal impact of construction will be $42 million in City tax revenues and $47 million in Commonwealth tax revenues.


ON-GOING OPERATIONS


IMPACT OF ON-GOING OPERATIONS Supply Chain & New Resident and Visitor Spending

2,420

287

MILLION

10.6

MILLION

6.5

MILLION

per year

Permanent New Jobs

Additional Tax Revenues to the City

ADDITIONAL ECONOMIC ACTIVITY

per year

Additional Tax Revenues to the Commonwealth

Once all elements of the project are completed, the on-going operations of the site will yield more positive returns. These figures are drawn from estimated direct expenditures associated with operations, new household income and spending by residents, and spending by hotel guests. Overall, the City and Commonwealth can expect an additional $287 million in economic activity and 2,420 additional jobs. This will lead to an annual increase in City tax revenue of $10.6 million and an annual increase in Commonwealth tax revenue of $6.5 million.


IMPACT ON PROPERTY VALUES

The project will generate property value gains within the City, both by catalyzing new investment on-site and in nearby areas and by increasing the value of existing properties. In addition to the on-site development at the Market Street & Marina Basin sites, the area immediately surrounding Penn’s Landing (in orange) and the area connected to it by the multi-use trail (in purple) were used to calculate the potential property value increase.


IMPACT ON PROPERTY VALUES From New Development & Existing Properties

7

532 MILLION

MILLION

1.1

MILLION

Annual Increase in Propety Tax Revenues

Real Estate Transfer Tax Revenues

Total Market Value Increase

1.3

MILLION

On-going Use & Occupancy Tax Revenues

Combining the incremental property value impact that will be felt by existing properties near the project and the property value impact of the new development on site, the project will produce an estimated total property value increase of $532 million. This will lead to a $7.1 million increase in real estate tax revenues, a $1.1 million increase in real estate transfer tax revenues, and a $1.3 million increase in use and occupancy tax revenues.


OVERALL IMPACT To The City

403 MILLION To The Commonwealth

231

MILLION

752

MILLION (In 2014 $)

1.6

BILLION (In Actual $)

To The School District

118

MILLION

In today’s dollars, the cummulative impact of the project over a 40-year period will be $403 million additional tax revenues to the city of Philadelphia, $231 million additional tax revenues to the commonwealth of Pennsylvania, and $118 million additional tax revenues to the school district of Philadelphia. In real dollars, the realization of the project will yield $1.6 billion in revenue.


ON-GOING IMPACT To The City

45

To The Commonwealth

21

MILLION

MILLION

(in actual $)

(in actual $)

ANNUALLY

ANNUALLY

To The School District

18

MILLION ANNUALLY (in actual $)

Once the project has been entirely constructed and is in full operation, DRWC estimates that $45 million additional tax revenues will be generated annually for the City of Philadelphia, $21 million additional tax revenues will be generated annually for the Commonwealth of Pennsylvania, and $18 million additional tax revenues will be generated annually for the school district of Philadelphia.


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