728 Market Street Is In Foreclosure

**ArcticSplash** · 11-02-2011, 01:04 AM

https://docs.google.com/spreadsheet/...lNWbFU2WE9GQWc

The nutshell: Two Hasidic Jewish property speculators from Brooklyn who own this building and a bunch of other crappy property around Philadelphia have defaulted on massive mortgages. This is the building located adjacent to the Rite Aid at the 8th and Market station for SEPTA/PATCO.

This was discovered after researching a derelict property at 1817 E York St over in Kensington that is having problems with break-ins (it's a large factory nearly the size of a city block).

The case is still ongoing. The foreclosing bank is City National Bank.

**arjay** · 11-02-2011, 04:57 AM

I recently passed by this building and wondered why they never finished the reno, now I know. Thanks.

**GraduateFamily** · 11-02-2011, 09:36 AM

I appreciate the information but speculators come in all shapes, sizes, colors, gender, sexual preference and religious orientation. There is no need to reference the speculators' ethnicity and religious persuasion.

**billy ross** · 11-02-2011, 09:46 AM

Originally Posted by GraduateFamily

I appreciate the information but speculators come in all shapes, sizes, colors, gender, sexual preference and religious orientation. There is no need to reference the speculators' ethnicity and religious persuasion.

Why not? If they were WASPs, Black Muslims, Irish Catholics, Puerto Ricans, Koreans, Liberians, etc, I'd like to know. That way when I see a similar situation happening elsewhere I may be able to figure out it was the same people, or maybe their associates / relatives. It may even be how the OP made the connection. I don't understand the modern left-wing obsession with censorship and intentional hiding of information.

**BarryG** · 11-02-2011, 10:01 AM

Originally Posted by billy ross

Why not? If they were WASPs, Black Muslims, Irish Catholics, Puerto Ricans, Koreans, Liberians, etc, I'd like to know. That way when I see a similar situation happening elsewhere I may be able to figure out it was the same people, or maybe their associates / relatives. It may even be how the OP made the connection. I don't understand the modern left-wing obsession with censorship and intentional hiding of information.

I'm Jewish and I would not do business with Hasidim and would tread carefully with most Orthodox Jews. It's a generalization, but is true more often than not.

**MTEMPLE** · 11-02-2011, 11:37 AM

The Thomas Lofts ?

**Eastcoast** · 11-02-2011, 11:45 AM

Originally Posted by GraduateFamily

I appreciate the information but speculators come in all shapes, sizes, colors, gender, sexual preference and religious orientation. There is no need to reference the speculators' ethnicity and religious persuasion.

The speculators are more likely to be stereotyped and discriminated against for being from Brooklyn.

**ArcticSplash** · 11-02-2011, 12:02 PM

Originally Posted by MTEMPLE

The Thomas Lofts ?

They did that building and 1813 Spruce St too.

**GraduateFamily** · 11-02-2011, 01:13 PM

As I'm not a leftist, I can't comment on the "modern left wing obsession with censorship and intentional hiding of information." What I can comment on is that I haven't seen slumlords who are "WASPs, Black Muslims, Irish Catholics, Puerto Ricans, Koreans, Liberians" described as such...they are just called "slumlords." These guys are slumlords, period. Their religion and ethnicity are immaterial and inflammatory.

**ArcticSplash** · 11-02-2011, 02:10 PM

Originally Posted by GraduateFamily

As I'm not a leftist, I can't comment on the "modern left wing obsession with censorship and intentional hiding of information." What I can comment on is that I haven't seen slumlords who are "WASPs, Black Muslims, Irish Catholics, Puerto Ricans, Koreans, Liberians" described as such...they are just called "slumlords." These guys are slumlords, period. Their religion and ethnicity are immaterial and inflammatory.

OK. The suspects are male, long hair, usually wears black clothing, and they usually don't drive on Saturdays. Suspects were last seen exiting their attorneys office in Oxford Valley.

Better?

FYI Sam Rappaport, the late Center City Slumlord, used to walk around Center City like an urban cowboy, with a cigar, and a belt buckle the size of a dinner plate.

**AbortedWalrus** · 11-02-2011, 02:12 PM

Originally Posted by GraduateFamily

As I'm not a leftist, I can't comment on the "modern left wing obsession with censorship and intentional hiding of information." What I can comment on is that I haven't seen slumlords who are "WASPs, Black Muslims, Irish Catholics, Puerto Ricans, Koreans, Liberians" described as such...they are just called "slumlords." These guys are slumlords, period. Their religion and ethnicity are immaterial and inflammatory.

Why is mentioning their religion or ethnicity inflammatory? No one is saying they are slumlords because of their ethnicity, or they did what they did because of their religion. It was mentioned because it is useful identifying criteria and nothing more. If there was anything inflammatory it was injected by your own preconceived notions of why the original poster mentioned religion and ethnicity. Identifying details are not immaterial. They can be useful for people who are trying to link events together. They may not remember the names of individuals involved, but having other identifying material can allow them to draw conclusions they may otherwise have been unable to make because of the use of an overly unspecific term.

**GraduateFamily** · 11-02-2011, 02:31 PM

The statements are inflammatory because they perpetuate a stereotype and an age old canard that Jews are slumlords.

ArcticSplash, I was unaware you met the property owners and are therefore capable of describing them as well as the fact that they are Hasidim. From the spreadsheet you posted, I only see individuals with Jewish-sounding names.

**CountFunkula** · 11-02-2011, 02:46 PM

If it is the Thomas Lofts - why are you calling them slumlords? Those places were knocked out and great looking. Sounds like a group that sunk a lot of money into a place that offers little outside of the condo - Rite-Aid, drug addicts, and a Subway station that smells like pee - so they were hard to sell.

I find it funny that billy decides to combat the over-sensitive reaction to racial and ethnic stereotyping by creating his own personal attack filled with his own brand of misguided conjecture
.
Did you ever think that Jews might be sensitive to this - after years of being stereotyped and often suffering dire consequences because of it. Jews can be conservative too in your world, billy.

Or does an overblown, ultra-conservative, bigot such as yourself not care about the Jews? (ok, this part was a joke)

**CountFunkula** · 11-02-2011, 02:53 PM

I'm waiting for the day that someone writes....

"Two fat cat, old money, Jew-hating, country club/cricket club member, African American-hating, Main Line WASPS - just closed their Yogurt shop because they couldn't sell enough Yogurt to the Jews and blacks."

**ArcticSplash** · 11-02-2011, 02:58 PM

Originally Posted by GraduateFamily

The statements are inflammatory because they perpetuate a stereotype and an age old canard that Jews are slumlords.

ArcticSplash, I was unaware you met the property owners and are therefore capable of describing them as well as the fact that they are Hasidim. From the spreadsheet you posted, I only see individuals with Jewish-sounding names.

It's because you were not present when Kensigton residents were approached by these fellows who proposed the redevelopment at 1817 E YORK and since this spreadsheet focuses only on the issue of property holdings and not a theo-ethnocentric discussion of NYC-area Judiasim in the modern century, I failed to see a reason to include it in my research document.

For that, I apologize.

(But if you scroll down Sheet 1, you can see a photo I found of Rabbi Yechial M Lechtenstein.)

**loveisnoise** · 11-02-2011, 03:02 PM

Originally Posted by CountFunkula

I'm waiting for the day that someone writes....

"Two fat cat, old money, Jew-hating, country club/cricket club member, African American-hating, Main Line WASPS - just closed their Yogurt shop because they couldn't sell enough Yogurt to the Jews and blacks."

Everyone knows that the asians own all the yogurt shops.

**CountFunkula** · 11-02-2011, 03:07 PM

Jew-hating asians or the more benevolent tailors of China?

**loveisnoise** · 11-02-2011, 03:25 PM

Originally Posted by CountFunkula

Jew-hating asians or the more benevolent tailors of China?

I don't think we should be talking about this...

but since we're on the topic-a chinese cheesesteak shop opened on south street. Can't remember the name... but it has lee or ching in it.

**RainboTeabagger** · 11-02-2011, 04:56 PM

Originally Posted by GraduateFamily

I appreciate the information but speculators come in all shapes, sizes, colors, gender, sexual preference and religious orientation. There is no need to reference the speculators' ethnicity and religious persuasion.

Its because when you factor in what a small minority these people make up in this country and realize how many of them are negligent property owners it should be noted.

**bluecuracao** · 11-02-2011, 05:14 PM

Originally Posted by CountFunkula

If it is the Thomas Lofts - why are you calling them slumlords? Those places were knocked out and great looking. Sounds like a group that sunk a lot of money into a place that offers little outside of the condo - Rite-Aid, drug addicts, and a Subway station that smells like pee - so they were hard to sell.

I agree, that doesn't make a whole lot of sense. The building and apartments inside look really nice! Maybe it's just not the right time for them. The rest of that strip needs to be redone, too.

726-728 Market Street - Apartments for Rent in Philadelphia, PA - HotPads