DayJob93 t1_iwuqj8r wrote
Reply to comment by Kenz0Cree in Developer restoring 'Boner 4ever' building in North Philly wants to construct an 8-story addition by redeyeblink
Meh..it has been happening along with national urbanization trends in the cities you mentioned and others over the past decade. However, this is a new level of scope/ambition for an investment in a Philly project that is not based on a area that is trending towards gentrification but planting a flag and hoping similar developments will flow downstream. It’s a bold strategy cotton…
wolfvonbeowulf t1_iwuxkoi wrote
If you look at Shift Capital's other projects, you'll see that planting flags is their M.O. Until recently, they have been basically the sole source of outside investment in the Harrowgate neighborhood in the last 10 years. Things seem to be slowly turning but it will still be a long while before Harrowgate is even seen as up and coming.
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