New Market Site

I support the Stamper Square proposal, the one proposed for the huge hole where New Market once existed, but I'm very skeptical that it actually will come to fruition. The opposition in the community is formidable, even if it is a minority. But even if it does get approval from the Society Hill Civic Association, I'm not sure their market timing could get much worse. I went to the public presentation at the old Pine Street Church the other night, and the developer said they were expecting to sell condos in the project for $950 a square foot. Is that possible? A million dollars for 1000 SF in Philadelphia? Sounds like this place will likely remain a hole for the next 5 years.

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