AVLV Architecture & Development’s Post

🐉 I guess 'growth' doesn't take priority over 'pragmatism' anymore. Thank you: to the powers that be. 🏀 The Philadelphia 76ers just rescinded their plans to construct a $250 million apartment tower above their proposed Center City arena after facing significant opposition, especially from the #Chinatown community. Shoutout to you guys. City Councilmember Mark Squilla, responding to concerns from residents, called for the tower's removal, with critics saying the #development did not address local needs. Sometimes, we catch wind of the city wanting to expedite building at any cost. Sometimes, we catch wind of everybody else saying there's no room for parking and that supply outpaces the population anyway. It seems the latter won that fight. Thoughts? -- #commercialrealestate #realestate #capitalmarkets #structuredfinance #newyorkcity #newyorkrealestate #philadelphia #philadelphiarealestate #multifamily #netlease #development #stoacapital #avlvarchitecture #avlvdevelopment https://lnkd.in/dCVgQrQY

Philadelphia 76ers drop plans for $250M apartment tower in Center City arena proposal

Philadelphia 76ers drop plans for $250M apartment tower in Center City arena proposal

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