PHILADELPHIA | 740 South Broad | 270 FT | 22 FLOORS

[summersm343]

Originally Posted by boxbot

I missed this chestnut:

Beverley said they have approvals for a 20-story high-rise project that would be comprised of 120 luxury condo units–valued at $1 million a piece.

At Broad and Fitz? They're outpacing gentrification by 30 years.

Correct, there is no market for that here, which is why the plan in play now is 120 luxury apartments and ground floor retail.

[boxbot]

Originally Posted by summersm343

Correct, there is no market for that here, which is why the plan in play now is 120 luxury apartments and ground floor retail.

I am well versed in sarcasm. It is my belief that this many apartments at this price point at this location are a complete non-starter.

[1487]

Originally Posted by boxbot

I am well versed in sarcasm. It is my belief that this many apartments at this price point at this location are a complete non-starter.

Based on what? Aren't there $2M homes within a few blocks of this location? The entire area to the east of this is nearly completely gentrified.