Quote:
Originally Posted by jsbrook
Shameful. I'm told that the PA Budget Office feels he gets to under the RACP process. There should really be a legislative fix going forward. If project use or component changes, you should have to reapply. He should really give this to Broad Street Ministry voluntary. Off my soapbox. At least the tower is relatively pretty and will draw some more affluence into the city.
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I would venture a guess that whoever is buying these condos are basically millionaires (via net assets already). 2MM is the floor and 10+ MM is the ceiling. Can't imagine what the condo fee will be like for the amenities but hopefully all of the units get filled up quickly. I wouldn't want to be on the hook for the fixed condo fees if half don't sell within the first couple of years.
BTW...for 500 Walnut, I saw in the Philly Style magazine recently that 90% of the units in the bldg has sold. So, that's encouraging that these high end condo units are doing well in the city. Good to get HNW folks living in the city.