Eugene David
...The One-Minute Pundit

Tuesday, July 20, 2010




Back in the days when RENDELLISM encompassed an unquenchable belief that SUPERUPSCALE CONDOS would help create the jobs for waiters and janitors and bellhops and maids to fuel the 21ST-CENTURY ECONOMY, some developers started putting up this hoity-toity tower on SUPERDELUXE Rittenhouse Square for all the people commuting from Wall Street, not to mention some of the hundreds of thousands of city denizens with vast estates. Unfortunately, developers put up hundreds of thousands of other such towers, and putting up hundreds of thousands of such towers led to -- inconveniences, and now even our StinkyInky's resident real-estate Babbitt admits in typically sideways language that the hoity-toity building's essentially been foreclosed by a pension fund that's owed a LOT of hoity-toity money. Don't you just hate it when our saviors the megarich don't come through?

P. S. We might add that's not the only largely empty superduper condo on the Square; a rehab of a twenties highrise social club facing 18th Street has been occupied by spiders for two years. Maybe if we moved the Wall Street Casino to OUR stock exchange....

Home
Site Meter eXTReMe Tracker