May 4, 2016
Reilly's NIZ Party Ending
J.B. Reilly is starting to turn off the lights, the party is ending. The plans for the mega-project with towers at 7th and Walnut and 8th and Hamilton, with an internal park connecting them, is on hold. Instead, he's developing a condo office project at 6th and Hamilton. Although his reporter at the Morning Call spun it as positively as he could, there's no way to hide the downsizing of the plans. Selling condo offices means that in spite of beating the bushes, the supply of commercial rental tenants is drying up.
It must be discouraging for Jaindl's waterfront plans, and I can't see Harrisburg sweetening the pot.
I do give his apartment tenants in the Strata Lofts credit for energy conservation. I never see any lights when I drive by.