[ILovePhilly]

Did they say 'no parking'??

New towers and no parking, it's like a dream come true!

This is overall excellent news, but I do question whether people will really pay $2,200 a month for a one bedroom at Market East. 2116 Chestnut is only 55-60 percent occupied at $1,900 (if you go on their website about 120 units are still available).

I know new construction is expensive but I do wonder whether the high-end is always the best decision. With more modest finishes I think units closer to $1,300 would fly off the market.