Some of the major changes include deepening the Delaware Rivers main navigation channel to allow more ships to pass through and creating another 155 acres of lots to store more auto imports. A picturesque waterfront development of homes, apartments and retail is planned along the Delaware River in New Castle. Clarke Pelli Architects, the designer of the Cira Centre in University City, will lead the design of the Market Street Site. Additionally, the Feasibility Study developed a cost estimate for the public improvements, fleshed out the development potential of the Marina Basin and the Market Street sites, and produced an Economic Impact Report which demonstrated that the investment into the new public realm infrastructure and associated private development could yield a return of $1.6 billion to the City of Philadelphia, Commonwealth of Pennsylvania, and the School District of Philadelphia. Funded by GY Partners, a private real estate investment, development, and management company based in Philadelphia, the property offers 418,510 SF of mixed-use space including; We want it to look organic as it all evolves over time, so it looks less like one project and more of a piece of the city.. We are seeking food vendors and restaurateurs to license and operate ready-to-serve food at locations within Cherry Street Pier, Spruce Street Harbor Park, and Independence Blue Cross RiverRink Summerfest. It was first owned by Donald Trump, who proposed building a Trump Tower on the space in 2004. In March 2017, the New York-based Durst Organization bought the Philadelphia Piers for $21.4 million from Brandywine Realty Trust. 202-302-2906 Along with the property, Herrera bought the plans and permits for a 41-townhouse development called Pier 35 1/2. Today, thanks to new development and renewed interest, the waterfront has become a go-to spot and a must-visit destination in the city for residents and visitors alike. Development along the Delaware River waterfront has long been a priority in Philadelphia, but some of the more high-profile projects envisioned during the last 25 years have failed to materialize. The plan was first pitched in May 2022 and the developers have been having monthly meetings with the citys planning commission ever since. The 4.3-acre property is a collection of four piers (12, 13-15, 19 and 24) just north of the Benjamin Franklin Bridge. Tucker and Parkway Gravel said they have received some positive interest from younger residents looking forward to having access to new, affordable housing. Why it matters: The development of the pier, the second-largest publicly owned piece of land on the waterfront, will effectively create a new . We are confident this new mixed-use neighborhood development will offer the people of Philadelphia an exciting waterfront lifestyle in a setting and a location that is unique. The redevelopment of this site, formerly known as Festival Pier, will offer 45,000 square feet of retail space including shops and restaurants, which will be anchored by a Sprouts Farmers Market grocery store. With the execution of the lease and closing on construction financing, construction commenced this week. The project will be built in phases and just broke ground in late 2017. In metropolitan Philadelphia, JAG has recently completed 490 units in Mount Laurel, NJ and 291 residences in Exton, PA along with future pipeline projects planned in the Philadelphia metropolitan region, as well. Independence Blue Cross RiverRink Winterfest. In addition to the public trail controlled by . Construction wrapped up last year on the American Water Works headquarters, and an 18-story office tower is planning an official opening by the end of of the summer or the fall, though much of the construction is complete. Trainer had kind words for other aspects of the project, including a plan to line the four-story base of the building with apartments so the second and third stories wouldnt simply be devoted to parking. At 1143-51 Delaware Ave., Gotham Bedrock planned for the development of 19 townhouses in a project called Views at Penn Treaty. Along with 308 apartments, the project would include a market-restaurant, a new public park along the waterfront, and a river deck and beer garden on Pier 35. You can find more information on Delaware River Waterfront Corporation on their website. Sign up for our weekly newsletter. Wilmington's Riverfront to expand east with new $100 million, 86-acre mixed-use project. The development, known as Liberty on the River, will rise behind the union hall of Sheet Metal Workers Local 19 on land purchased from the labor union. The project, designed by Digsau, is still in the beginning stages, and has been praised by the Inquirers architecture critic Inga Saffron, who called it an example of progressive thinking in a column last year. The proposal also includes an equity stake of up to 20% of the potential development going to registered Minority Business Enterprise partners, as well commitments to minority and local hiring in the construction workforce. The suburban-style proposal ran in direct contrast to the dream of a mid-rise multi-family future envisioned by Philadelphia's master plan for the Central Delaware River Waterfront. The redevelopment of Penns Landing is a long-term project that will involve significant community engagement over many years. "We are honored DRWC has selected us for this transformative project that will provide Philadelphians' extraordinary access to the waterfront," said Jonathan Durst, president of The Durst Organization. Delaware River WATERFRONT. The Delaware Department of Transportation (DelDOT) announces to motorists that drainage and paving work near Exits 7A/SR 52 and Exit 8/US 202 interchange will require closures of Exit 7A/SR 52 south and the weekend closure of I-95 Southbound through Wilmington. A vision to bring 11 acres of public green space to Penns Landing became a reality last yearafter Mayor Jim Kenney, the William Penn Foundation, PennDOT, and the state announced that they would help fund the $225 million project. Learn more about Social Responsibility at WHYY. A critical element of the Master Plan for the Central Delaware, the Delaware River Trail is a continuous multi-use trail connecting the north and south ends of the Philadelphia Waterfront with other regional and city-wide trails. Combined, the projects will featurenearly 2,400 apartments, more than 124,000 square feet of retail space and a 225-room hotel. "They need to be extra sensitive with how they deal with any development that comes into these communities. The Flats at Riveredge would transform an industrial area on Lukens Drive into a 168-acre community of 46 single-family homes, 26 twin rental units, 107 townhomes, 272 apartment units and retail space. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. DELAWARE RIVER WATERFRONT CORPORATION (DRWC) is a 501(c)(3) created in January 2009, exclusively for the benefit of the City of Philadelphia and its citizens. The area also generally lacks grocery stores, banks, medical care and other critical services. The Master Plan identifies policy changes and investment strategies for economic development, community development, and open space along the waterfront and provides DRWC and the City with the tools necessary to once again make Philadelphias original waterfront a treasured public amenity. Riverfront Wilmington 2015 All rights reserved. The project does not require any zoning changes under the citys regulations for development on the waterfront, but its scale necessitated several height bonuses. Who We Are; Contact; Employment Opportunities A few years after the Master Plan was finalized, DRWC undertook a closer examination of Penns Landing to test the concepts that the Master Plan had introduced for the site. DRWC has sought to redesign a series of connector streets to the river and Washington Avenue is the latest effort. The development team is working with the Delaware River Waterfront Corp. on expanding the trail systems in that area and making sure new segments of the network are connected. A total of 488 residential units are slated to rise in the two buildings, with 192 units planned for the east building and 296 units planned in the west building. Haverford Properties is a vertically-integrated real estate investment and development firm. 2023 WWB Holdings, LLC. Together we can reach 100% of WHYYs fiscal year goal. After listing for $6.5 million, NY-based developer Gotham Bedrock LLCbought this 1.5-acre propertynext to Penn Treaty Park for $7 million. Hampered by various factors, it has yet to enjoy the benefits of the city's development boom of the past few years. A significant part of the Delaware River Waterfront Corporation's mission is dedicated to the implementation of the Master Plan for the Central Delaware. 551 W. Lancaster Ave, Suite 307 The developers have applied for $44 million total in RACP state grants for the project. The next step in the Penn's Landing development will involve negotiations with DRWC to enter a lease agreement and continue public engagement for both sites, whose plans will be submitted through the Philadelphia Civic Design Review process. The land has changed hands a lot in the past few decades. The structure, completed in 2002, was . DEMA does not encourage any development in areas within or directly adjacent to 100-year flood plains since water knows no bounds or flood lines, Cane wrote in a letter from state agencies about the project. For more information, please visit jeffersonapartmentgroup.com and haverfordproperties.com. The fundamental purpose of the Delaware River Waterfront Corporation (DRWC) is to design, develop and manage the central Delaware River Waterfront in Philadelphia between Oregon and Allegheny Avenues using the Master Plan for the Central Delaware as the guiding document. Plans to build an 10-acre park in Bridesburg are in the works, spearheaded by the Philadelphia Parks and Recreation Department and the Delaware River City Corporation. It will also include 1,500 new housing units, 500 hotel rooms, and more than 100,000-square-feet of retail, restaurants, and entertainment. Today, Explained is Vox's daily explainer podcast. The company is involved in all aspects of real estate development and investment, with a focus on essential-retail anchored shopping centers, ground- up multi-family development, mixed-use land development and master planning and flex/office campuses. The company paid $7 million for the 1.5-acre site in 2017. Most recently, it was announced that the park got $2 million in grant funding from the William Penn Foundation. Riverfront Wilmington combines its rich history with a host of attractions that bring great food, entertainment, and shopping to our city. The public space other than the trail seems a little undercooked, even in the renderings, said Nancy Rogo Trainer, the head of the CDR board, last week. On-site restaurants, special events and great views of the Delaware River waterfront and the Benjamin Franklin Bridge from Jack's Bar + Grill attract non-gamers too. After 2 years of intensive work by our consultants, staff, and . The Delaware is the longest un-dammed river in the United States east of the Mississippi, extending 330 miles from Upstate New York to the mouth of the Delaware Bay. PhillyVoice Staff. 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A $2.2 million redevelopment project on the Delaware River Waterfront will be led by the Durst Organization, a New York-based firm that plans to add 12 new towers, retail and hotel . Target, Hobby Lobby and beach hotels: Changes coming to Delaware in 2023 & beyond, 'Living with a time bomb': Explosive, cancer-causing chemicals worry New Castle residents. But we do still have concerns about the overall absorption rate of units on the waterfront.. It covers 18 acres and brings six buildings with senior living, multi-family living, retail, and open public space. 30+ Things to Do Along Greater Philadelphia's Delaware River 30+ Things to Do Along Greater Philadelphia's Delaware River Waterfront, Where to Eat Along the Delaware River Waterfront in Philadelphia, Photo by A. Ricketts for Visit Philadelphia, Photo courtesy Blue Cross RiverRink Winterfest, A Wintertime Riverside Oasis: What to Expect at Blue Cross RiverRink Winterfest, Where to Find The Best Roast Pork Sandwiches in Philadelphia, New Years Eve Fireworks in Philadelphia in 2022, Where to Watch the New Years Eve Fireworks in Philadelphia for 2022/2023, 13 Things to Do at Spruce Street Harbor Park and RiverRink Summerfest in Summer 2019, Where to Watch Fireworks on the Delaware River Waterfront, What to Expect at the 2022 XPoNential Music Festival, Screenings Under The Stars - Summer Movie Series at Penns Landing, 15+ Great Restaurants in Old City and Philadelphias Historic District, The Most Instagrammable Places in Philadelphia. In-depth, original reporting on housing, transportation, and development. 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