(Philadelphia, PA) - The Delaware River Waterfront Corporation (DRWC) and The Durst Organization have signed an agreement to redevelop a large parking lot north of the Benjamin Franklin Bridge into a multi-use residential project. The 1.6-acre parcel, located between Vine and Callowhill streets on the west side of Columbus Boulevard, is key to DRWC’s Master Plan for the Central Delaware to continue revitalizing the waterfront.
The Durst Organization and DRWC envision a vibrant new mixed-use development at the site that will build on recent public-sector investments that have made the Delaware River waterfront a regional attraction. What started at Race Street Pier, just blocks from this upcoming development, now include Cherry Street Pier, Blue Cross RiverRink Winterfest and Summerfest, Spruce Street Harbor Park Sustained by Univest, Washington Avenue Pier, and Pier 68. These public investments have already attracted significant private investment along the waterfront, which continues to increase.
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