Wow this is really happening! Will be huge for that area. As with everything involving Bart I was at "I'll believe it when I see it" on this one. Post Bros. being involved is much better.
Post Brothers readies $500M final phase of Piazza in Northern Liberties
Quote:
Post Brothers is embarking on the next and final phase of the Piazza in the Northern Liberties neighborhood of Philadelphia with a $500 million development of 1,100 apartments in multiple buildings.
The Philadelphia real estate company has arranged $370 million in financing with Starwood Property Trust (NYSE: STWD) to move ahead with the first phase, which includes the development of 697 units in five connected buildings. The second phase will come at a later date and will cost about $130 million. It will total 400 units that could be built at different times or all at once depending on what the market warrants. The projects will rise on a nearly four-acre parcel spanning between Germantown Avenue and Hancock Street along West Wildey Street.
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Construction is expected to get underway in the next few weeks with leasing to begin in the next 18 to 24 months.
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More:
https://www.bizjournals.com/philadel..._news_headline
Has this gone through CDR yet? I'm guessing they'll go through that and then get going right away.