Quote:
Originally Posted by Boku
Yeah, I meant that I would describe it as way better than just “pretty decent,” so I didn’t think he/she was referring to that lot.
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Well, I know that MPN Realty has been trying to sell the lot at 22nd and Walnut with the Sunoco gas station. Not sure of the status of the neighboring properties on either Walnut or 22nd Street. That and the lot at 20th and Walnut are itching for development. And, of course, we all have the pipedream of Mandeville being resurrected. That would mean the co-working space and other companies are kicked out of the Walnut Street building at 24th (not sure as to lease terms) and it and the adjoining Sansom Street parking lot developed. If the Walnut Street building was redeveloped for Mandeville or another tower, that could also help facilitate new construction office. It is 8 stories, houses a number of tech companies, and is leased at nearly 100%. Not sure of pricing now, but as of 2014, rents started at around $32.50 a square foot, which was comparable to Center City trophy space. (CoHo rents started lower for people sub-letting through that co-working outfit).
And, then, there is always the parking lot and Rite Aid at 23rd and Walnut...