Monthly Archives: September 2013

If you can’t stand the heat, get away from the ‘Solar Death Ray’ 2

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Commercial Real Estate on Sep 24, 2013.

Walking down the streets of Philadelphia, you may feel the steady gaze of William Penn looking down from atop City Hall. Chances are good, though, that Penn’s stare will not melt your car or set fire to your welcome mat on a sunny day. Those are feats that only 20 Fenchurch Street can lay claim to.

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If you can’t stand the heat, get away from the ‘Solar Death Ray’

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Commercial Real Estate on Sep 22, 2013.

Philadelphia developers, there is a lesson for you in the story of a new building in London. The 37-story building at 20 Fenchurch Street in the city’s financial district was originally dubbed the “Walkie Talkie,” in honor of its unusual shape. As the seasons changed, and the sun lowered on the horizon, that unusual shape has earned the building a new nickname: the fryscraper.

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Corporate expansion may bring new tower to Philadelphia

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Commercial Real Estate on Sep 13, 2013.

The rapid expansion of Comcast’s media empire over the past few years has caused their downtown Philadelphia headquarters to fill up quickly. The company’s growing workforce has included adding thousands of employees through their acquisition of NBC Universal. As a result, there is talk around town about a new tower the company may build in Center City. 

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Cherry Hill asks, Is there blight at the end of the tunnel?

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Development on Sep 6, 2013.

It is time, according to Cherry Hill Township, to put 10 acres of prime real estate to good use. The developer who purchased what had been the Garden State Park racetrack originally had plans to turn it into an off-track betting establishment. That was more than five years ago, though. With the project stalled, local officials, weary of watching the grass grow on the vacant lot, have decided to take matters into their own hands.

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