Originally Posted by hammersklavier
I also noticed Brandywine moved to get financing in place to build Cira South's residential component right about when I pointed out residential construction is going like gangbusters in this part of the city, haha.
I hate to be a "pessimist" or a "downer".... but...
Does anyone think we may be trading a condo bubble for a rental bubble?
Look at all the apartment projects on tap right now:
- 2116 Chestnut St
- 2017 Chestnut St
- 1919 Market St
- Cira Centre South?
- The warehouses across from Sugar House (anyone know the status on this?)
- AAA building
- 19th and Arch
- Others I'm forgetting off hand?
Plus, there's a glut of condo's that people are struggling to sell and are now renting.
Don't get me wrong... development is good, but I'd like to see some more balance? Definitely more offices... we need jobs to support all these folks paying rent, otherwise, we're back in the same boat we were in in 2008.