{"id":534534,"date":"2010-04-19T10:45:00","date_gmt":"2010-04-19T14:45:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/main-street-mall-voorhes-mall-2010-4"},"modified":"2010-04-19T10:45:00","modified_gmt":"2010-04-19T14:45:00","slug":"welcome-to-main-street-truly-the-most-depressing-commercial-real-estate-project-weve-ever-seen-bdn","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/534534","title":{"rendered":"Welcome To Main Street: Truly The Most Depressing Commercial Real Estate Project We’ve Ever Seen (BDN)"},"content":{"rendered":"

\"Main<\/a>Remember how back in December of 2009 we said that the Voorhees Town Center, located in Voorhees, New Jersey, was the most depressing commercial real estate disaster ever<\/a>?<\/p>\n

Well to be truthful, there’s a place far worse than the Voorhees Town Center and not only is it in the same town, it has the most ironic name possible: Main Street.<\/p>\n

Developed by Brandywine Realty Trust<\/a> (BDN) in the 1980s (completed in 1987), Main Street was originally conceived as an upscale enclave of the already affluent town of Voorhees. It consists of a mixture of  retail space, apartments, and plenty of high-end office space. There’s also two multistory parking garages for residents. An event space called The Mansion still remains popular and has hosted a number of high-profile weddings in recent years.<\/p>\n

But since the early 1990s, Main Street has never taken off. Shops were too overpriced for the community and the housing was as well. Today, the only retail shops open include Main Street Pub, a few medical centers and the aforementioned Mansion. You seriously need to see this place to believe what an utter failure it has become.<\/p>\n

Take a tour of Main Street ><\/a><\/strong><\/h2>\n

Pulling in from the road, we see The Mansion and office buildings.<\/h2>\n

\"Pulling<\/p>\n

Image: Business Insider<\/p>\n<\/div>\n

<\/p>\n

Up until January 8th, this was a sprawling playground. It’s gone now.<\/h2>\n

\"Up<\/p>\n

Image: Business Insider<\/p>\n<\/div>\n

<\/p>\n

The parking lots are near-deserted as we pull into the parking garage…<\/h2>\n

\"The<\/p>\n

Image: Business Insider<\/p>\n<\/div>\n

<\/p>\n

Walking out of the garage, we see a row of businesses and the office tower.<\/h2>\n

\"Walking<\/p>\n

Image: Business Insider<\/p>\n<\/div>\n

<\/p>\n

A health and wellness center is one of the few businesses in here.<\/h2>\n

\"A<\/p>\n

Image: Business Insider<\/p>\n<\/div>\n

<\/p>\n

A marketing firm that appears to be closed.<\/h2>\n

\"A<\/p>\n

Image: Business Insider<\/p>\n<\/div>\n

<\/p>\n

There’s got to be a store open somewhere around here…<\/h2>\n

\"There's<\/p>\n

Image: Business Insider<\/p>\n<\/div>\n

<\/p>\n

There we go – oh wait, it’s closed.<\/h2>\n

\"There<\/p>\n

Image: Business Insider<\/p>\n<\/div>\n

<\/p>\n

This directory needs to be updated.<\/h2>\n

\"This<\/p>\n

Image: Business Insider<\/p>\n<\/div>\n

<\/p>\n

We continue to Plaza 1040, the office tower. Scary looking, isn’t it?<\/h2>\n

\"We<\/p>\n

Image: Business Insider<\/p>\n<\/div>\n

<\/p>\n

The view from those steps in the last picture shows a street of apartments and empty storefronts.<\/h2>\n

\"The<\/p>\n

Image: Business Insider<\/p>\n<\/div>\n

<\/p>\n

We think this is a gym, but there’s no signage anywhere.<\/h2>\n

\"We<\/p>\n

Image: Business Insider<\/p>\n<\/div>\n

<\/p>\n

Entrance to The Mansion underneath the office tower.<\/h2>\n

\"Entrance<\/p>\n

Image: Business Insider<\/p>\n<\/div>\n

<\/p>\n

Zero retail next to the Mansion. This will become a recurring theme.<\/h2>\n

\"Zero<\/p>\n

Image: Business Insider<\/p>\n<\/div>\n

<\/p>\n

Morgan Stanley has an office for all 3.4 of its clients at Main Street.<\/h2>\n

\"Morgan<\/p>\n

Image: Business Insider<\/p>\n<\/div>\n

<\/p>\n

We haven’t seen anyone skating, cycling, or blading around here. I wouldn’t worry.<\/h2>\n

\"We<\/p>\n

Image: Business Insider<\/p>\n<\/div>\n

<\/p>\n

Cooper Medical has an auxiliary office down here. Closed, obviously.<\/h2>\n

\"Cooper<\/p>\n

Image: Business Insider<\/p>\n<\/div>\n

<\/p>\n

The only business doing well: Main Street Pub.<\/h2>\n

\"The<\/p>\n

Image: Business Insider<\/p>\n<\/div>\n

<\/p>\n

Down the (empty) street next to the Pub.<\/h2>\n

\"Down<\/p>\n

Image: Business Insider<\/p>\n<\/div>\n

<\/p>\n

A whole other section of Main Street that’s completely empty. It’s really eerie to be honest.<\/h2>\n

\"A<\/p>\n

Image: Business Insider<\/p>\n<\/div>\n

<\/p>\n

The fountain has been abandoned.<\/h2>\n

\"The<\/p>\n

Image: Business Insider<\/p>\n<\/div>\n

<\/p>\n

More apartments and empty storefronts.<\/h2>\n

\"More<\/p>\n

Image: Business Insider<\/p>\n<\/div>\n

<\/p>\n

It’s amazing how there’s literally not one business open here.<\/h2>\n

\"It's<\/p>\n

Image: Business Insider<\/p>\n<\/div>\n

<\/p>\n

It’s getting late, time to leave…<\/h2>\n

\"It's<\/p>\n

Image: Business Insider<\/p>\n<\/div>\n

<\/p>\n

Back to the empty parking garage!<\/h2>\n

\"Back<\/p>\n

Image: Business Insider<\/p>\n<\/div>\n

<\/p>\n

Thanks for visiting!<\/h2>\n

\"Thanks<\/p>\n

Image: Business Insider<\/p>\n<\/div>\n

<\/p>\n

Loved looking at this train wreck? Then you’ll also enjoy:<\/h2>\n

\"Loved<\/div>\n

The Voorhees Town Center -><\/a><\/h3>\n

Join the conversation about this story »<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Remember how back in December of 2009 we said that the Voorhees Town Center, located in Voorhees, New Jersey, was the most depressing commercial real estate disaster ever? Well to be truthful, there’s a place far worse than the Voorhees Town Center and not only is it in the same town, it has the most […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-534534","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/534534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=534534"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/534534\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=534534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=534534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=534534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}