At yesterday’s Philadelphia Planning Commission meeting, a representative from Cope Linder Architects presented information on a proposed development at 933 N Penn St., a site that sits right in between Sugarhouse Casino and the under-water Waterfront Square.
Now a parking lot
According to this presentation, developers are intending to build a twenty-story residential building with parking on the first five stories, and 200 apartments above. The parcel is quite large, extending into the Delaware River, but the building will only cover 17,000 sqft of the lot and won’t extend into the river at all. The developer has no plans whatsoever for the pier, and is willing to grant it to the city or the DRPA at no cost. From the looks of it, the pier will require plenty…
Striking an elegant profile alongside Sugarhouse Casino, the three Waterfront Square towers (down from the five that were originally planned) provide luxury living and wonderful views of the Delaware River. While the condo units in the first two towers, built in 2005-06, sold briskly, this has not been the case for the units in the delayed third tower, completed in 2009.
The one on the right is the one that's in trouble
According to this article from the Inquirer, sales were so slow that the developers, Isle of Capri Associates, offered 35 units at discount prices at auction in October of 2010. But there are 179 units in the 22 story building, and many have remained unsold in the year and a half since the auction. Now, it seems…