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Old Posted Apr 25, 2019, 6:07 PM
Boku Boku is offline
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Join Date: Jul 2014
Posts: 770
Quote:
Originally Posted by iheartphilly View Post
http://libertyontheriver.com/

Has this developer build anything yet? I feel experience in the entire process and having relationships with investment banks, investors, or other lenders help get these projects off the ground. If any of these pieces are missing, I have my doubts.
I linked this article in 2017: Developer's path to Philadelphia waterfront littered with failed projects

https://www.philly.com/philly/busine...-20171110.html

Quote:
Developer Jeffery Kozero wants to remake a swath of South Philadelphia's Delaware River waterfront into Philadelphia's version of Miami Beach. Imagine 10 towers — up to 34 stories — overlooking the Delaware in what would be the city's biggest residential project in memory.

But if past performance counts, the developer might not be up to that ambitious vision.

From the Chesapeake Bay shores to the streets of east Baltimore to central Pennsylvania's farmland, Kozero has left a trail of unfinished houses, unhappy customers, and unpaid contractors, at one point drawing sanctions from Maryland regulators.
Plenty of evidence to doubt this ever comes to fruition.
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