1 Water Street

1 Water Street

More developments are coming to the Delaware waterfront. The successful Race Street Pier has provided beautiful green space and gorgeous views of Center City and successful business such as Morgan’s Pier has given life to the area right outside of Olde City and Northern Liberties. A newly proposed $65 million apartment complex by PMC Property Group hopes to break ground this July along side the Ben Franklin Bridge. The project currently calls for 166 one bedroom and 84 two bedroom apartments. The project will also dedicate ten percent of the bedrooms or 25 bedroom units to lower income residents, which the company has already employed in Pittsburgh with successful results. Philadelphia is striving to be a leader in green space and the proposed project will include two public spaces that will total 11,600 square feet. The park will have - built in benches and water features that will start from the sidewalk in. A green roof is also planned for the project along with 73 parking spaces and could possibly include some car share spots. The building will be built along side the Ben Franklin but the mass of the building will be pulled away from the building, preserving the view of the bridge which was a main concern of the residents in the area. Philadelphia’s waterfront has enormous potential and it is wonderful to see more and more projects coming to the waterfront area. With the abundance of green space that's going to be made available it will be a smooth transition into the 2nd street and Race St and provide a beautiful view along Delaware Ave.


Consuela Franks Headshot
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Phone: 215-870-6834
Dated: May 16th 2014
Views: 5,042
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SPACE & COMPANY
2200 Walnut Street
Philadelphia, PA
215-600-3674
215-625-4721