Morning Headlines: Penn’s Landing Redevelopment Plans Still Being Perfected
As of now, the Delaware River Waterfront Corporation (DRWC) has more of what project manager Karen Thompson calls “a conceptual framework.” But in a little over a week — April 25th, to be exact — the DRWC aims to showcase stronger renderings of Penn’s Landing redevelopment.
According to PlanPhilly’s Kellie Patrick Gates, the current framework elaborates on certain points in the Master Plan and tests the project’s feasibility “in terms of logistics and engineering.”
An estimated $205 million in public investment will go to infrastructure and public space, including an 11-acre park between I-95 and Delaware Avenue (between Chestnut and Walnut). Joe Schiavo says “the idea is that investment would spur the private parts of the development – the residences, restaurants, shops and the like – to the tune of $800 million or even $1 billion.”
In other news:
• Enter the Land Bank [AxisPhilly]
• AAA proposal tests Central Delaware zoning overlay [Philadelphia Real Estate Blog]
• Mansions Progressing on the 1400 Block of Bainbridge [Naked Philly]