Quote:
Originally Posted by 1487
I agree it's serious, but the devil is in the details- they wont start anything without an anchor tenant. Unfortunately several large blocks of space are coming on the market in the near future which means any of the few tenants looking for a large block will have options, including Aramark's space at 1101 Market.
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True. But I can't see how 1101 Market will compete with a new building built today even if they do a gut renovation once Aramark leaves. This will be a trophy building. I guess 1101 Market is still Class A, but this building will probably command higher rents and class of tenants.