PaulBubnyis editor of RealEstate New York and part of a three-person team nowcovering the Philadelphia market

PHILADELPHIA-The Southeastern Pennsylvania TransportationAuthority today reached a milestone in the $710-millionmodernization of its century-old Market Street Elevated line inWest Philadelphia. The 46th St. station is the fourth of sixredesigned stations opened by MSE's ongoing $1.5-billionrevitalization program for Septa's Market-Frankford rapid transitline.

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

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.