Earni Young | Condo craze on N. Broad St.

0 Comments | Philadelphia Daily News, June, 2006

THE WILKIE Buick, Chevrolet & Subaru dealership at 600 N. Broad is moving, but not far.

The Subaru dealership is moving across the street to a smaller building that now serves as Wilkie's used-car lot. The Subaru maintenance operation will move two blocks south to a building at Broad and Buttonwood that now houses Wilkie's auto-body shop.

Wilkie is dropping the General Motors models from its lineup, according to Wilkie president Dan Polett.

Meanwhile, the two buildings that have housed the main dealership for the last 16 years are falling prey to Philadelphia's condo craze.

Developer Eric Blumenfeld of EB Realty bought the superblock from Polett for $9 million. That's a whopping big profit for Polett, who bought the property 25 years ago, when values...