What’s Going on at the Other Gigantic Lot at Broad and Washington?
Stop us if you’ve heard this one before: there is a proposal to develop an enormous lot on the corner of Broad and Washington into a mixed-use apartment and retail complex. The next logical question is: oh yeah, which one?
By now, you know all about Bart Blatstein’s plans to turn the northeast corner into a retail/residential project (with possibly two apartment towers), but Naked Philly spotted an interesting listing on LoopNet that sheds some light on the lot on the northwest corner.
Here’s the gist from the listing, which dubs the project “Lincoln Square” and a shows that Metro Commercial Real Estate is in charge of marketing the site’s eight separate retail spaces:
The project will include 310 apartments and 70,000 square feet of retail with dedicated parking.
New mixed-use development at the intersection of Broad Street and Washington Avenue, the areas most dominant intersection with over 45,000 VPD.
Massing diagrams via the listing show blocky buildings filling out the large parcel and that 95 retail parking spaces will be incorporated in the plans, as will the privately-owned building that was formerly the Philadelphia, Wilmington and Baltimore Freight Shed. The latter will become a nearly 24,000-square-foot retail space, according to the diagrams.
In an interview with PlanPhilly in December 2014, Councilman Kenyatta Johnson talked about the rapid growth of Washington Avenue and mentioned that “Toll Brothers are now looking at Broad and Washington,” meaning the northwest corner. Is the developer still in the mix or has a new one taken the reigns? The answer is unclear at this point. Representatives from Toll Brothers and Metro Commercial Real Estate could not be reached for comment about a potential development plan. A message left for Councilman Johnson’s office was not returned at the time of publication.