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Originally Posted by Knight Hospitaller
On the other hand, that sort of extreme puffery is the way to diminish his well-earned credibility if he can't deliver. I haven't paid enough attention to Blumenfeld in the past to know whether he's prone to that. Given its location (close but not too close to the core), location (new tax law opportunity zone), and location (wide boulevards, mass transit access), it's not unrealistic to think that this is an easy sell when it comes to financing.
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Regarding when this might start-----since this is in a tax opportunity zone my guess is when this gets built and what gets built will all be dependent on Blumenfeld's ability to tap into the market of people who are looking to take advantage of the new tax code.
The ground breaking might just be another chance to get some press, like what happened at 1911 Walnut St. The drawings that have been released certainly don't look like anything near being final.