The Philadelphia Inquirer from Philadelphia, Pennsylvania • Page 35

THE PHILADELPHIA INQUIRER, SUNDAY MORNING, DECEMBER 20, 1970 2 a 13 I Large Tract In Center City Set for Auction nly shopping days till Christmas ELECTROHOME STEREOS: ik Console stereo with AMFMFM stereo radio 259.95 Jll UKiiS THAT TALK; GET THEM NOW FOR CHRISTMAS Our sleek 32" high Electrohomc of spun aluminum with plexiglass bubble top features a deluxe BSR mini-charger, plus 2 high-compliance, full-range spherical speakers in separate enclosures. Groove to 40 watts of rich music power. Space age stereo comes to your dorm 139.95 This Electrohome with styling similar to the console minus the base and radio, has volume, treble, and bass controls plus input and output jacks. You should hear John Lennon on it. By ANTHONY LAME and MIKE HILLMANN Of The Inquirer Staff One of the largest pieces of undeveloped property in center city, over 300,000 square feet along John F.

Kennedv Blvd. between 20th st. and the bonuyiioll, will be auctioned on Feb. 4, 1971. The property, divided into six parcels, was acquired in December 1967 from the Pennsylvania Railroad by the Century 21 Corp.

for $3,425 million. Century 21 later changed its name to Drexel Plaza Associates. The property will be auctioned by the Louis Traiman Auction Co. at the Sheraton Hotel, 17th st. and Kennedy Blvd.

'INCOMPARABLE' SITE A brochure ascribing the parcels and distributed by the Traiman Co. calls the land "incomparable real estate made available by partnership incompatibility." Dre el Plaza Associates is a four-way equal partnership between builders Matthew Weinstein and Leonard Fruchter; D. H. R. Realty a subsidiary of the investment banking firm of Drexel, Harrimai and Ripley, and the Bankers Bond and Mortgage Co.

Bankers Bond and Mortgage Co. is, in turn, controlled by Bankers Securities Corp. HOTEL PLANNED Shortly after purchasing the land, Drexel Plaza announced plans for a massive complex of hotel, commercial and office buildings with an estimated cost well over $200 million. The project was to begin with a hotel on a site that was included in the recently abandoned $1.2 billion Bicentennial master plan at 23d t. and Kennedy Blvd.

The developers made a series of announcements that construction on the project would start "immediately." but the work never got off the ground. Drexel Plaza apparently ran into the same tight money problems that developers ail over the country have faced. Plans also were complicated by a series of squabbles over the nature of the development. ASKING $17.5 MILLION Although officials of Drexel Plaza recently denied that the land is for sale, the Albert M. Greenfield Co.

says that the parcels have been for sale "for two or three months." George H. Joinson, president of the Greenfield realty firm, told The Inquirer that the asking price for all six parcels has been $17.5 million "but they are willing to consider an offer of $13 million." Several weeks a go one of Uhe Drexel Plaza partners placed an advertisement in the Wall Street Journal seeking "an investor-partner-copartner" for the property which was touted as "adjoining Bicentennial area." 'NEW PARK AVENUE' The parcels have been approved by the City Planning Commission for 6,740,720 square feet of hih-rise buildings above parking levels under an April 15, 1969 agreement. The Traiman brochure calls the land "6 blocks of Penn Center West, located between Penn Center East and the Penn Central station Bicentennial area along the new Park i Avenue of Philadelphia." An article in the Dec. 6 Inquirer revealed that one of the six Drexel Plaza parcels was being solicited as a part of the east bank of the Schuylkill site for the 1976 $1 MILLION PROFIT? The article also revealed that the parcel, purchased for $500,000, was slaU'd to cost the Bicentennial Corp. approximately $1.5 million.

Preliminary negotiations for the parcel and additional adjoining parcels owned by Res-tex Enterprises had begun at that time. The east bank site, along with the main exposition area at 30th st. Station across the river, was abandoned at least temporarily by the Bicenten nial Corp. board Thursday. The scrapping of the $1.2 billion master plan for the 1976 fete left in doubt the creation of a five tiered transportation center which was to have linked the 30th st.

site directly with the east bank site. Longest Word Has 45 Letters SPRINGFIELD, Mass. (AP) What's the longest word in the dictionary? It's "pneumo-noultramicroscopicsilicovolcan-oconiosis. The 45-letter jawbreaker is a lung disease afflicting miners, and is caused by inhaling very fine silicate or other rock dust. The 28-letter "word" commonly thought to be the longest, "antidisestablishmen-tarianism," isn't even in Webster's Third New International Dictionary.

The word was created only as an example of long string of letter, says Philip Gove, editor-in-chief of Merriam-Webster OUR Panasonic complete entertainment center: stereo phono, cassette, AMFMFM radio 199.95 Low profile, sleek-line styling with silver trim makes for a subtle expression of good taste. The features: a custom record changer that lets you play standard LP's, singles, old records, even foreign records, 6l2 PM dynamic speaker; sensitive AM and FM antennae, FET tuner, AFC on FM to lock in stations; headphone pack; microphone. Solid state engineered. 12" Panasonic black and white: high perform ance, lightweight, compact, economical 89.95 The 75 aluminized picture tube gives sharp image detail. Separate UHF and VHF channel selectors for convenience, solid state devices to minimize heat, Speed-O-Vision for instant-on picture and sound, and a detachable snap-on dark-tint screen for glare free outdoor viewing.

Earphone, too. 12" Sony color portable with Trinitron for tomorrow's color today 319.95 A newly designed single color-gun with color-defining device called an Aperture Grille gives almost twice the brightness of a conventional color TV. VHF dipole, UHF loop antennae. It's quick starting, with all solid state circuitry, set in a contemporary wood cabinet. Home Entertainment Center, Fifth, Phila.

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