[Lincolndrive]

I think the good news about this whole situation is the fact that the tax breaks have been extended to 2025 meaning that Brandywine would be stupid not to get these buildings constructed ASAP regardless of a major tenant. You would have to think that LOTS of companies would be interested in this type of class A, tax free space right on the NE corridor. The longer they wait to build, the fewer years of tax exemption they can offer to tenants.

I'm not sure how many pre-construction tenants the original Cira Centre had but as soon as it opened, boom, the whole thing was sold out almost instantly. It has been an enormous success. IMO, its truly a case of, if you build it they will come. Its hard to justify this in a recession but things will get better before too long so I'm not worried about the long term on this project. It will happen. Its just a matter of how soon it will start.

Although I'd rather see the tax breaks encourage business from outside the Philadelphia region to move in, more than anything I want to see UCity move upwards and extend the skyline of CC while bringing in new retail and residential buildings. I know other people mentioned Penn as a major tenant and that still wouldn't surprise me. Office space in UC is really hard to come by.