Posted Jan 8, 2023, 3:14 AM
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Join Date: Oct 2007
Posts: 3,069
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Quote:
Originally Posted by PHLtoNYC
This isn't going anywhere anytime soon. They should sell and the city should remove their development rights beyond this parcel.
As Durst pauses construction on 26-story tower, negotiations continue on $2.2B Penn's Landing development
https://www.bizjournals.com/philadelphia...cx_testVariant=cx_8&cx_artPos=0#cxrecs_s
The Durst Organization remains in negotiations for a proposed $2.2 billion mixed-use development at Penn's Landing despite pausing construction on a neighboring 26-story apartment tower along Columbus Boulevard near the Benjamin Franklin Bridge.
The pause in construction is the result of “unexpected rising construction costs and a challenging financing market,” Anthony Campisi, a Durst spokesman, said in a statement.[/I] |
I call — on the rising costs comment. Input pricing is coming down across the board.
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