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
