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Old Posted Apr 2, 2016, 2:20 PM
jsbrook jsbrook is offline
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Join Date: Aug 2014
Location: Bala Cynwyd
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Originally Posted by Caruso975 View Post
To suggest that ACC was killed off by Liberty Property Trust and/or Comcast is fantasy bordering on paranoia.

ACC died because it did not have a credible sponsor with track record in the development of large complex urban projects. The sponsor had neither the capital, nor the access to the capital, nor the tenants, nor the ability to obtain those tenants which would be necessary in order to bring such a project to fruition. In short, in never had a real chance of becoming a reality.
Yes. In addition to project-specific issues, there was no legitimate market or tenants for a building of that size in that location at that time.