Details Emerge for “Lincoln Square” at Broad and Washington

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Lincoln Square renderings | BLT Architects

Lincoln Square renderings | BLT Architects

We told you in June about signs that a major development was coming to the northwest corner[1] of Broad and Washington. Now the plans and players are beginning to emerge.

Curbed Philly reports[2] the project — called “Lincoln Square” — will develop a vacant lot on the site into an eight-story apartment building with 356 units, along with 74,000 square feet of retail. A 360-space parking garage is also proposed for the site. The project cost is estimated at $100 million.

The northwest corner of Broad and Washington | Google Street View

The northwest corner of Broad and Washington | Google Street View

The site sits across the street from where developer Bart Blatstein has run into neighborhood opposition with his proposal for a 34-story residential tower[3]. But Lincoln Square’s developers believe they can avoid that trouble.

“We really used some of the neighborhood association’s surveys as a guide to what we’re putting together,” said Steve Gendler of MIS Capital, LLC. “So we really feel like they’re kind of partners in the deal.”

As for the players: Philly.com reports[4] today that Alterra Property Group has joined MIS Capital, LLC on the project, occupying the position previously held by Toll Brothers Inc.

The northwest corner site includes a former railroad shed that was once a stop for Abraham Lincoln’s body during his funeral procession home: Thus, the “Lincoln Square” moniker.

“The Broad and Washington corridor is a huge, underdeveloped, historic urban nexus,” Gendler told Philly.com. “We believe the intersection can support two significant developments.”

Endnotes:
  1. major development was coming to the northwest corner: https://www.phillymag.com/property/2015/06/16/whats-going-on-at-the-other-gigantic-lot-at-broad-and-washington/
  2. Curbed Philly reports: http://philly.curbed.com/2016/3/15/11225410/-100m-lincoln-square-development-proposed-for-broad-and-washington
  3. neighborhood opposition with his proposal for a 34-story residential tower: https://www.phillymag.com/property/2015/10/15/broad-and-washington-blatstein-philadelphia/
  4. Philly.com reports: http://bit.ly/1TLcM3c

Source URL: https://www.phillymag.com/property/2016/03/15/lincoln-square-broad-washington/