Quote:
Originally Posted by Dylan Leblanc
Does anyone have info on this tower? Name, date, use, anything?
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It was a concept back in mid-2000s created by "World Acquisition Partners", another fly-by-night entity that went under as the bubble deflated.
They acquired a series of undeveloped properties at inflated prices, and then had drawings prepared and attempted to get sites zoned for maximum high rise development with the intent of flipping them for even more ridiculous prices to even more poorly timed, over exuberant fly-by-night entities. Development (and usually even the flipping) never happened. Certain principals were convicted of various fraud related charges.
None of their concepts were developed, most featured childish, over-the-top Chinese insta-city style designs, and all were basically DOA. None should be taken seriously. It seems clear that no one ever really had the intention or means of pulling them off and that the whole enterprise was essentially a joke.
Some edifying links:
http://www.citypaper.net/blogs/naked...iver-City.html
http://philadelphiaheights.wordpress...t-street-west/
http://www.evergreeneditions.com/dis....php?id=744367
Should also be interesting to google Hardeep Chawla, Ravinder Chawla, Sant Properties, "conviction", and "lawsuit".
The Legal Intelligencer article is a particularly hilarious recounting of the pathetic, fraud-laden saga of River City and 2040 Market Street (see "Berger v. Zeghibe: $34. 1 million"). An excellent read.
Dredging up such dreck is an interesting curiosity, if only to illustrate the absurdity of the froth generated at the height of the bubble.
Bottom line: none of these projects are or were to be taken seriously.