The bankruptcy filing will allow the lender more time to reorganize. The developer is confident thanks to the help of the bankruptcy attorney, the project will move forward. The townhouses are very pricey. The units sell for over $1 million. The units have been very popular. They are selling briskly. The neighborhood has been on the upswing. Young professionals really want and need nice places to live. What was once a down and out area of the city has been salvaged.
Projects like the townhouses are critical to keep people who work in the area living in the area. This will result in even more development. Not only of other places to live, but businesses to cater to people living there. Bars, restaurants, supermarkets, and other businesses will all be needed. The developer has put a lot of time, money, and effort into this project. There was a determined effort not to allow this project to fail. Thanks to the hard work of the bankruptcy lawyer and the filing of the bankruptcy case, hope remains to make this project a huge success story. The city of Philadelphia is counting on it. The revival of this area cannot be sacrificed. Too much is riding on it. The bankruptcy case has salvaged the hopes of many who now proudly call this area home.
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