Saw this one coming.
Quote:
Originally Posted by Insoluble
I kinda like that facade treatment. It's an interesting departure from the typical wall of blue glass. That being said, something about these renderings says, "I'm trying to flip this property," to me.
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Now I'm getting nervous that they'll leave this as a surface lot forever. There needs to be some provision in the tax code for cases like this. Something along the lines of anyone buying a property then demoing the buildings on it within a certain time period gets taxed as though the buildings were still there until something new gets built. That would remove some of the incentive to demo the existing buildings and sit on the property forever.
On the other hand, residential development in Center City has been going gangbusters and there's
still not enough supply to meet the demand, so we can hope that this will still get developed pretty soon.