Demetri Stakias

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Ritz Carlton Residences - Philadelphia (to be occupied Nov 2008)--thoughts on projected sales and investment

Asked Sat May 3 2008, 06:55 by Chris - Center City East - Market Conditions - 1 answer

Demetri Stakias answered:

it is a tough call. i checked out the place myself and can see the promise as a place for businessmen to rest. which unit letter did you buy and on which floor? you are putting down 600-2 mill for this investment... it will pay off well in 10 years because nothing else will be new construction in the area EVER..
well let's not say never, this building only exists bc a fire took the prior building - Wed May 14 2008, 02:12

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