The city of Philadelphia has a new, highly anticipated plan for a valuable site on the Delaware River waterfront.
Ryan Briggs reports the big reveal about the closely watched, highly anticipated redevelopment plans for Penn's Landing, on the day that Delaware River Waterfront Corporation announced its selected vision for the site.
The Delaware River Waterfront Corporation has selected the Durst Organization to execute a $2.2 billion redevelopment of two prominent parcels along Old City’s riparian shore — effectively ending a competing bid by the Philadelphia 76ers to construct a new arena on the site.
Briggs also provides the critical details of the redevelopment vision for the valuable waterfront site:
The selection will set in motion an eight-year redevelopment process which will also integrate a new cap over I-95 which will feature a public park. Durst, a $10 billion international real estate firm, proposed replacing two adjoining parking areas with some 3.3 million square feet of new development, including over 2,300 residential units, a 225-bed hotel, over 120,000 square feet of retail, 850 parking spots and thousands of square feet of new public space.
The New York-based Durst Organization also announced its intention to take advantage of the city's density bonus for affordable housing.
The Delaware River Waterfront Corporation also explained their reasoning for the selection, as described by Briggs in the source article, along with more information about the projects that didn't make the cut, like the dramatic overhaul of the waterfront proposed by the owners of the Philadelphia 76ers NBA team.
FULL STORY: 76ers rejected: N.Y. developer Durst selected for Penn’s Landing site
A Development Bonanza in Philadelphia
The Philadelphia 76ers are one of the real estate interests with designs on remaking the Penn's Landing site on the Delaware River in Philadelphia. But the team's vision for the waterfront reaches far beyond a single parcel.
Opening Tomorrow: Pier 68—Philadelphia's Newest Waterfront Park
The latest city to upgrade its urban waterfront into an open space amenity is Philadelphia, which will open Pier 68 to the public October 1, 2015.
Philadelphia's Waterfront Cap Park Enters Final Design Phase
The $225 million Park at Penn's Landing is expected to compete transform the city of Philadelphia's relationship with its waterfront.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Chicago’s Ghost Rails
Just beneath the surface of the modern city lie the remnants of its expansive early 20th-century streetcar system.
Amtrak Cutting Jobs, Funding to High-Speed Rail
The agency plans to cut 10 percent of its workforce and has confirmed it will not fund new high-speed rail projects.
Ohio Forces Data Centers to Prepay for Power
Utilities are calling on states to hold data center operators responsible for new energy demands to prevent leaving consumers on the hook for their bills.
MARTA CEO Steps Down Amid Citizenship Concerns
MARTA’s board announced Thursday that its chief, who is from Canada, is resigning due to questions about his immigration status.
Silicon Valley ‘Bike Superhighway’ Awarded $14M State Grant
A Caltrans grant brings the 10-mile Central Bikeway project connecting Santa Clara and East San Jose closer to fruition.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Caltrans
City of Fort Worth
Mpact (founded as Rail~Volution)
City of Camden Redevelopment Agency
City of Astoria
City of Portland
City of Laramie