Some updates on this lot. Toll Brothers was in talks to buy the lot and develop it:
http://www.bizjournals.com/philadelp....html?page=all
But then they could not come to an agreement and backed out of the deal:
http://www.bizjournals.com/philadelp...se-square.html
Now, Castleway, the original developer, seems to be back in the game:
Quote:
From the CCRA newsletter sent out today:
"Heard the phrase about always being a bridesmaid? Think about the winsome L shaped plot fronting on the north side of the 1900 block of Walnut Street through to Sansom then westbound to 20th Street. Since a 1994 fire shuttered the Eric Rittenhouse Theater, the parcel has circled the altar on many occasions. First there was a proposal for a parking garage and movie theater. Then an Irish developer, Castleway, pressed its troth promising not castles in the air but something more suitable for a city lass, a high rise featuring a north south access road running between Sansom and Walnut. Next was a brief affair, a fling really, with the Pennsylvania Horticultural Society which created a much enjoyed pop up garden - she never looked finer. After that dalliance, the Philadelphia Business Journal reported that Toll Brothers came a courting. But now, as happens in these matters, Castleway, the former suitor, is having second thoughts and has returned with promises of a luxury residential condominium high rise and boutique hotel with ground floor retail and underground parking. CCRA has appointed a task force to investigate the proposal."
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Thanks to Domodeez for the info!
