Quote:
Originally Posted by Urbanthusiat
I'm not too worried about this one - this is a prime site. It is my understanding that Parkway has brought in someone new recently to accelerate the development of their prime lots to better realize the value of their holdings.
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That is good. I agree that this block is primed for development. Astoban's boutique condo will go up across the street, and if Goldenberg can pull something big together for 8th and Market and 8th and Chestnut, this parcel will quickly become very attractive (and rents should shoot up if it is already built out first). Plus the East Market developments and projects earmarked for closer to Washington Square Park. I think it's also one of the prettiest blocks in Center City. Some of the storefronts are shabby, but the old buildings themselves on the 700 block of Chestnut are beautiful.