[UC] news flash
You know those stores some people who didn't know what they were doing built on spec on the northwest corner of 45th Walnut? The ones that nobody ever rented -- and that actually aren't really finished on the inside? A For Sale sign just went up where there used to be a for lease sign. I feel bad for the people who put in their money (and their hopes) and will probably take a bath on the sale ... if someone comes along and buys the property during their lifetimes. But, from my albeit limited involvement with this sort of thing, I believe they would have done poorly even if the bottom didn't drop out of the economy in 2008. No parking, for example, would make the businesses dependent largely on walk-ins. - Alan Krigman KRF Management, ICON/Information Concepts Inc 211 S 45th St, Philadelphia PA 19104-2918 215-349-6500, fax 215-349-6502 krf...@aol.com or al.krig...@krf.icodat.com
Re: [UC] news flash
There is much need and plenty of room for a lot near there - and also even though the restaurants are large and the parking limited, they are usually almost full... not far from public transports, large mosque - nor the Supremo market either. On Sep 12, 2011, at 6:00 PM, krf...@aol.com wrote: You know those stores some people who didn't know what they were doing built on spec on the northwest corner of 45th Walnut? The ones that nobody ever rented -- and that actually aren't really finished on the inside? A For Sale sign just went up where there used to be a for lease sign. I feel bad for the people who put in their money (and their hopes) and will probably take a bath on the sale ... if someone comes along and buys the property during their lifetimes. But, from my albeit limited involvement with this sort of thing, I believe they would have done poorly even if the bottom didn't drop out of the economy in 2008. No parking, for example, would make the businesses dependent largely on walk-ins. - Alan Krigman KRF Management, ICON/Information Concepts Inc 211 S 45th St, Philadelphia PA 19104-2918 215-349-6500, fax 215-349-6502 krf...@aol.com or al.krig...@krf.icodat.com
Re: [UC] news flash
On Sep 12, 2011, at 7:32 PM, Richard Conrad wrote: There is much need and plenty of room for a lot near there - and also even though the restaurants are large and the parking limited, they are usually almost full... not far from public transports, large mosque - nor the Supremo market either. On Sep 12, 2011, at 6:00 PM, krf...@aol.com wrote: You know those stores some people who didn't know what they were doing built on spec on the northwest corner of 45th Walnut? The ones that nobody ever rented -- and that actually aren't really finished on the inside? A For Sale sign just went up where there used to be a for lease sign. I feel bad for the people who put in their money (and their hopes) and will probably take a bath on the sale ... if someone comes along and buys the property during their lifetimes. But, from my albeit limited involvement with this sort of thing, I believe they would have done poorly even if the bottom didn't drop out of the economy in 2008. No parking, for example, would make the businesses dependent largely on walk-ins. - Alan Krigman KRF Management, ICON/Information Concepts Inc 211 S 45th St, Philadelphia PA 19104-2918 215-349-6500, fax 215-349-6502 krf...@aol.com or al.krig...@krf.icodat.com The good news is … the builder remediated (removed) about 6 feet of earth and vented the old tanks…. so theoretically, the site can now be sold without EPA issues. The folks at the Mosque across the street had tried to buy the old vacant lot for years, but the then owner wanted far too much money for the property BEFORE any remediation costs. Guess we'll just have to wait and see what happens next. William H. Magill Block Captain 4400 Chestnut Street mag...@mcgillsociety.org whmag...@gmail.com 4428 Chestnut Street Philadelphia, PA 19104-2914 (267-402-0529) You are receiving this because you are subscribed to the list named UnivCity. To unsubscribe or for archive information, see http://www.purple.com/list.html.
