Regions Midatlantic | Philadephia
Closing the Door on Condos
May 8, 2008

In light of a less than stellar condominium market plagued by wary buyers, the doors of the sales center for Park 22, a 35-story luxury condominium tower planned for Center City, will shut on Friday, the Philadlephia Business Journal reports. However, the party will still go on to a certain extent, according to developer Dalia Shuster and project owner V&H Hotel associates; plans to tear down a segment of the Best Western Center City Hotel property at the site are still on tap. The Journal reported in February that the city's condo market had become saturated and that sales were on the downswing.

 
Recent Philadelphia Headlines
Comcast-Spectacor to Close Down Spectrum
July 16, 2008
Comcast-Spectacor chairman Ed Snider said today that this will be the final year of the Spectrum.
BPG Properties Sells Office Building in Horsham
July 07, 2008
BPG Properties Ltd. announced the sale of 200 Tournament Drive, a 90,845-square-foot office building to an undisclosed purchaser.
Brandywine Realty Promotes DeVuono to EVP, Senior Managing Director, Pennsylvania Region
July 03, 2008
Brandywine Realty Trust promoted Jeff DeVuono to the position of executive vice president and senior managing director of Pennsylvania region.
$850M Comcast Center Makes its Debut as Tallest Green Building in U.S.
July 03, 2008
The nearly 1.3 million-square-foot Comcast Center has just recently opened its doors with an estimated completion price tag of $850 million.
Binswanger Negotiates Lease for Material Concepts iin Philadelphia
June 30, 2008
Binswanger said today that Material Concepts Inc. has leased the 48,000-square-foot office and warehouse building at 11621 Caroline Road in Philadelphia, Pa.