Posted Oct 20, 2020, 4:19 PM
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Join Date: Oct 2011
Location: Philadelphia
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Penn's Landing developer Durst talks Philadelphia appeal for first project outside of New York
Quote:
The Durst Organization is spearheading three projects along the Delaware River.
The Penn’s Landing project is the centerpiece, with plans calling for 3.5 million square feet of mixed-use space, including thousands of new residential units, hundreds of hotel rooms and tens of thousands of square feet in retail space. The company is also redeveloping a group of piers near the Ben Franklin Bridge, which Durst said can be a significant development because of the potential zoning floor area at the site.
The third project is located at Vine Street on the west side of Delaware Avenue, where the company will spend another $250 million to $300 million to build a 370,000-square-foot mixed-use building on the vacant parcel, Durst said. The Vine Street project is in the permitting stages, and development will take place simultaneously with the Penn's Landing project, he said.
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Article behind paywall here:
https://www.bizjournals.com/philadelphia...developer-alexander-durst-investing.html
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