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Old Posted Nov 22, 2013, 12:51 PM
Larry King Larry King is offline
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Join Date: Apr 2011
Location: Philadelphia
Posts: 976
Quote:
Originally Posted by summersm343 View Post
That's great that they already have interested buyers! When they first announced they were selling the site and the development plans I was concerned this will never get off the ground. Now that they have interested buyers I'm happy to see that. Will be nice to see Soko Lofts and Liberty Square going up at the same time.
I've looked at the deal

Rents they are underwriting are too high

I don't see it penciling out unless the right developer buys it ( ie one capable of cutting a favorable deal with the unions)
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