OAK (formerly Penn Central)

[Jeepnokc]

Interesting how they dealt with Penn Sq. I don't think anyone bought the "we didn't know about it" excuse for raising the objection late in the process.

[Pete]

Interesting how they dealt with Penn Sq. I don't think anyone bought the "we didn't know about it" excuse for raising the objection late in the process.

Nope.

At the same time, Penn Square (and Simon, the owners) pump a ton of money into the city sales tax coffers.

So, it's important to keep them happy even when they are being a bit ridiculous. Holt did a good job navigating that issue.

[AlvarezK]

So how confident and when do you think construction could begin on this project Pete?

[Pete]

So how confident and when do you think construction could begin on this project Pete?

I'm very sure this project will happen, but it's going to take time.

There are still tenants in those office buildings and I'm sure they'll want a good number of tenant commitments before they start any work.

[AlvarezK]

Any updates on this as of yet Pete?

[Mr. Blue Sky]

I'm really excited about this project. I don't understand the name though. Penn Central or Penn Station or 50 Live - but OAK? And capitalized as if it's an acronym? Don't like it. But the project will be awesome. What a busy and bustling square mile in our city it all will be.

[jonny d]

Any updates on this as of yet Pete?

I doubt anything will happen, materially, until mid 2020 or so. But I could be wrong.