Quote:
Originally Posted by McBane
http://philaphilia.blogspot.com/2011...september.html
So many opinions amongst all the regular forumers here, but if there's one thing we can probably all agree on is that Mandeville Place is the most memorable and saddest victim of the 2008 housing crash (although Bridgeview is a very close second). The crazy thing is that the market conditions for Mandeville Place - in that specific location especially - are far better now than they were when it what proposed. I'd love to see Scannapieco resurrect this bad boy. That building seems like it would sell pretty easily.
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Well said McBane. The only real threat I see to this project happening soon would be an economic environment like the one that killed the great projects you mentioned above. That's why I referenced the market in my previous post.
One difference here is that Dranoff has already spent some coin doing the demo on the site.
On a side note, I spoke with someone on New Years Day who said he worked with Dranoff. He knew an aweful lot about this project. He said it was a definite go, that construction will start for sure in "early 2016". So the company line stands.
Of course that was before the market took a bad turn. Here's to hoping for a rebound in the next few weeks!