Submitted by redeyeblink t3_z9brx2 in philadelphia
dotcom-jillionaire t1_iyiiyja wrote
this was toll brothers plan from the beginning and they've done it before with the society hill playhouse. they find valuable sites and wow review boards with big plans so they can demolish the existing building.
then they let it sit vacant long enough (since they had zero intention of building, it wouldn't have been profitable enough) and then wait for a smaller more eager developer to buy a hole in the ground at top dollar. then the new developer builds something 10x worse and cheap. everyone loses, except toll bros
Viewing a single comment thread. View all comments