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Originally Posted by wondertwinalpha
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This week, the lights should come on, when developers with RAL Companies of New York present their proposals to the Planning Commission, and two City Council committees consider bills that would grant the project various exemptions related to loading and curb cuts.
Those discussions have led, so far, to plans for two apartment towers and a supermarket on Ridge Avenue. Preliminary site plans—the Levines stressed that the proposal is in flux—also show a small group of townhomes at the corner of 13th and Wallace streets, to be built in a future phase of construction.
At this point, the plans include approximately 480 apartments with 580 parking spaces, shared between the residents and the supermarket customers. The project would reach a maximum height of 221 feet on the western tower, and contain 83,000 square feet of retail space. The apartments would be placed above the parking structure on the fifth floor, and the developers plan to claim a floor-area bonus for open space on the site. The complex will have 168 bicycle parking spaces.
Last week, the state granted Eric Blumenfeld a $3.5 million grant from the Redevelopment Assistance Capital Program (RACP). For the 1300 Fairmount project, RAL is shooting a bit higher: they’ve applied for a RACP grant worth $15 million. Robert Levine said they’d also consider seeking federal New Market Tax Credits.
http://planphilly.com/articles/2015/...ine-s-backyard