Posts Tagged: construction

Parkway Halts One Project and Reevaluates Another Due to Surging Interest Rates Impacting Developer Plans

Parkway calls off one project and rethinks another as high interest rates force developers to hit the brakes

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… Read more »