Parkway Corp. CEO Rob Zuritsky unveiled intentions for a lavish 31-story luxury apartment tower at 21st and Ludlow streets last October, yet uncertainties around escalating construction costs and surging interest rates hindered the project’s kickoff timeline. A year later, these economic hurdles persist, prompting Zuritsky to revise Parkway’s plans for the Center City location to adopt a more conservative approach. While the city witnessed the inauguration of Southern Land Co.’s towering 48-story Laurel in Rittenhouse Square, featuring condos starting at $2.8 million, Zuritsky expressed the impracticality of embarking on a project of similar magnitude given the existing economic climate.