Before the bubble burst on the economy back in 2008, there were a ton of development proposals on the boards. Some of them were eventually built, but many never made it past the planning stages. One such project concerned 709 Penn St., also known as Pier 35 1/2, and came from a company affiliated with some dude currently running for President.
Rendering of the Trump Tower
The Trump Tower would have risen up to 45 stories and was to include 225 apartments. Tennis courts, too. And a cigar lounge, of course. But... none of it happened. According to a report from the Inquirer, new owners stepped in earlier this year, paying only $2.4M for the 2+ acre site. This parcel came to our attention recently when we noticed signs on the property advertising that it's for sale. And it can be yours, for the low price of $12.5M!
Last fall, we gave you the lowdown on Bridgeview at the Waterfront, a residential development of 75 new homes at 787 Swanson St., which was to replace a large overgrown vacant lot on the edge of Queen Village. The months went by, and the project went to the community. Then it went to Civic Design Review. Finally, it went to the ZBA in December, and the developers got their variances, despite the protests of some near neighbors. We passed by the site last week, and discovered that work is underway.
Envision the Philadelphia's eastern edge bordered by a natural boundary of parks and green spaces, wetlands and piers, trails and marinas, and you can begin to understand the overarching principles of the Plan for the Central Delaware to create a 30-acre green space along the Delaware waterfront.
“We want to sort of bookend that side of South Philadelphia,” said Lizzie Woods, DRWC project manager.
Based on what DRWC heard from the community during meetings the past two years, there is a demand to create a more physically active green space at Pier 68, now a concrete bastion, including a high demand for space to fish. In 2011, DRWC acquired Piers 64, 67, 68 and 70 with the help of a Department of Conservation and Natural Resources grant, according to Woods. A study found that Pier 68 presented the most viable option for immediate development.
While new playground improvements are scheduled for Penn Treaty Park, the Fishtown waterfront park at Columbia and Delaware Avenue immediately north of Sugarhouse, the improvements are only part of a larger long-term redevelopment plan envisioned for the park where William Penn signed a treaty with the Lenni-Lenape Indians in the seventeenth century.
A phased green redevelopment of Penn’s Landing is edging ever closer as the Delaware River Waterfront Corporation (DRWC) announced this month its selection of international and domestic award-winning firm Hargreaves Associates to perform preliminary design work on the area defined by a stretch that runs between Market and South Streets and extends from Front Street to the river.
Current view of Penn's Landing
The concept envisions an eight acre Penn’s Landing Park as the centerpiece of this sustainable redevelopment, that will connect Walnut and Chestnut Streets to Penn's Landing, as well as redefine the current slope as it descends from the expressway towards the river. Other plans include a cap over I-95 and the development of a six acre site at Front & Market. Those and other concepts were informed by the Master Plan for the Central Delaware, a two and a half year planning effort sparked with the help of a $1M William Penn Foundation grant that started in 2009.
If we had all day, we would submerge ourselves in the new Master Plan for the Central Delaware, an extensive and ambitious plan for the future development of the Delaware River waterfront between Allegheny and Oregon Avenues.