Velocity Venture Partners, a private equity firm in Bala Cynwyd, has purchased the prominent Oldies.com warehouse at 60 Portland Road on Interstate 476 in West Conshohocken for $7.85 million. The Oldies.com signage on the side of the warehouse has served as an unofficial mile marker on the Blue Route seen by more than 115,000 drivers each day. Velocity plans to lease the 56,000-square-foot warehouse to one or two tenants.
and that is why it does not look as bad there, because they haven t gotten the brunt. but philadelphia is in the midst of it right now, and the blizzard warning there, there is the shot of the airport there, and the blizzard warning is in effect until midnight tonight. only new york airport is open, and very few flights coming in. i think i overheard on the weather center one flight headed into laguardia and three headed into newark and nothing apparently headed out. boston has a winter storm warning, and not a blizzard, but a winter storm warning in effect until 1:00 a.m. today. we will keep you posted on that. major highways in philadelphia are shut down, the schuylkill and the i-476, and i-76 and the blue route is shut down and i-476 is shutdown from reading and i have to learn to read my own writing. it is per the pennsylvania highway of transportation, and you should not be on the road
the department of transportation, the philadelphia department of transportation, and major road closures the i-76 and the schuylkill is closed and i-676 closed and i-476 closed, the blue route, and i-76 from reading to where was that? reading to morgantown, and the turnpike is staying open, but per the d.o.t. those major, major routes around philadelphia are now closed because of the weather situation. we have spoken to the mayor of philadelphia who is en route to the major emergency situation in philadelphia where they are coordinating the response to the heavy, heavy snow, but philadelphia is getting hit. it got record snowfall the other day, and now they have broken those records. let ee s go to new york city. allan chernoff is standing in a place that is a remarkable hub of traffic and people, and he is at columbus circle at 59th, and the entrance to central park west and could not get more central in new york.