New York City-based developer The Durst Organization last week unveiled plans for a mixed-use project on the Philadelphia waterfront that blends new housing and retail with the preservation of some of the city's most historic locations.
The 26-story project, designed by Handel Architects, will include 360 apartments, 10,000 square feet of ground-floor retail, a new park and improved connections to the historic Wood Street steps and Delaware River trail, according to a press release emailed to Construction Dive. A Durst spokesperson told Construction Dive that the company has not disclosed the project cost.
The development, which will be constructed on a 1.6-acre parcel that Durst purchased from the Delaware River Waterfront Corporation in 2019, is a critical component of the DRWC's master plan to revitalize a 6-mile length of Philadelphia's Central Delaware River waterfront.
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