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New York’s Durst selected to develop Penn’s Landing, over 76ers arena proposal

The Durst Organization of New York has been selected to redevelop Penn’s Landing, likely ending efforts by the 76ers to build themselves a new basketball arena there.

The board of the Delaware River Waterfront Corp., the agency that oversees development along central Philadelphia’s Delaware River waterfront, voted at a meeting Wednesday to choose the Durst group as the site’s developer.

The proposal calls for a row of six high-rise buildings among grassy plazas between Market and Chestnut Streets, north of a planned park that would cap I-95.

The buildings would house about 1,800 apartment or condo units, 225 hotel rooms and 94,000 square feet of space for DRWC offices, a supermarket a preschool and other commercial uses.

The proposal also calls for six shorter towers with about 550 residential units and 26,500 square feet of commercial space to the south between Spruce and Lombard Streets.

Read more here:
https://www.inquirer.com/business/penns-...sixers-76ers-arena-stadium-20200909.html