Developers finalize lease, financing for 9-acre Delaware River mixed-use project
In a recent article, “Developers finalize lease, financing for 9-acre Delaware River mixed-use project,” Natalie Kostelni, for Philadelphia Business Journal, discusses the significance the new mixed-use development, Waterview will bring to the Philadelphia Waterfront.
After several years of planning and design, signs of activity can be seen at the site known as Festival Pier where Waterview is planned, a new mixed-used development. Waterview is a two-structure development that will include 470 apartments and 45,000 square feet of retail space anchored by Sprouts. Sitework began last month, and completion is expected in 2024.
“A project of this scale will be a significant anchor for the waterfront and continue activating a part of the city that is experiencing growth all around it in Old City, Northern Liberties and Fishtown. There has also been an uptick in private development along the river. The development also adheres to a master plan established to guide development along the waterfront that had the goal of taking a post-industrial brownfield and turning it into a dynamic new community with high-quality public space that is accessible, connected and integrated into a well-designed, mixed-use development.”
Read the full article here.
Written by Natalie Kostelni; Originally published in Philadelphia Business Journal
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