Paul Bubny is editor of Real Estate New York and part of a three-person team now covering the Philadelphia market .

PHILADELPHIA-The Southeastern Pennsylvania Transportation Authority today reached a milestone in the $710-million modernization of its century-old Market Street Elevated line in West Philadelphia. The 46th St. station is the fourth of six redesigned stations opened by MSE’s ongoing $1.5-billion revitalization program for Septa’s Market-Frankford rapid transit line.

A Septa spokesman tells that the project has progressed in segments, with each station along the two-mile line closed in turn to allow for reconstruction. The 46th Street Station, which reopened today, was closed last June.

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