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Old Posted Oct 4, 2019, 7:44 PM
iheartphilly's Avatar
iheartphilly iheartphilly is offline
Philly Rising Up!
 
Join Date: Nov 2012
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For 2 and 3, past performance is no guarantee of future performance nor is it an indicator to averages of when things get built. At best, it shows past performance, but as we know buildings get built based on demand and the dynamics of the business world in its ever changing landscape and where momentum plays a huge role in what gets built. I think if uCity picks up further momentum (e.g., because of more partnerships or other complementary companies having set up shop to gain synergies) by lining up major tenants based on demand for more lab/incubator type space, or whatever, it will get built sooner rather than later-hence wiping out a 10-15-20+ year speculated timeline. At the moment, I honestly think Ucity has a better chance to get fully built before Schuylkill Yards does IMO just because what is proposed for SY are taller and bigger buildings so it's harder to fill those out unless you get a major corporation or another industry looking to establish itself(i.e., fintech or some tech to fill it out).

To hedge my bet on uCity, there's a possibility we could see some backend fintech establish here at SY in the future due to its proximity to NYC/NJ via Amtrak if parts of NJ/NYC get too priced out of commercial space or if people just can't stretch the dollars far enough there and you don't get the workforce you need to run this segment of the financial industry. So, if there's a seismic shift on fintech/backend type of office processing here en masse, then my bet would change to this getting fully built first.

Last edited by iheartphilly; Oct 4, 2019 at 11:38 PM.
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