View Single Post
Old Posted Dec 14, 2018, 4:27 PM
summersm343's Avatar
summersm343 summersm343 is offline
Join Date: Oct 2011
Location: Philadelphia
Posts: 13,363
I think they just overestimated the returns they could get on the project. The lower returns than estimated are likely what led to the value engineered designs.

I think the other projects will come. We know the hotel is coming. That leaves one more residential building site and 4 more office building sites, right?

We also know Liberty Property Trust is backing out of the office building game entirely. They’re even selling the Navy Yard in South Philly.

One of the office building sites may be switched to residential or hotel, but I’m a firm believer that the rest of the site will be built out.