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Old Posted Jun 14, 2018, 4:05 PM
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Urbanthusiat Urbanthusiat is offline
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Join Date: Dec 2015
Location: South Philly
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Burlington City hopes to spark a rebirth with luxury riverfront apartments

Quote:
After years of anticipation and then delay, a luxury apartment complex along the Delaware River in Burlington City is poised to rise on a former municipal parking lot.

Developers and city officials gathered Wednesday amid much hoopla to break ground for Pearl Pointe, a complex of 184 units that will be built by Peron Development. The project is a critical part of the long-planned rebirth of the historic city, officials and redevelopment consultants said shortly before announcing that construction would begin on the 3.8-acre site.

During the last five years, several upscale restaurants and a brewery have opened on High Street, sparking the slow revival of a once-dilapidated downtown. Officials said the apartment complex will attract customers for the restaurants and the downtown’s businesses and attract more people to the city of 10,000, giving it an added boost.

“This is the first market-rate housing in the city since the ’70s,” said Jim Kennedy, the city’s redevelopment consultant and a former mayor of Rahway, a North Jersey community that was given a makeover under his watch. “We’re talking about bringing in about 400 people who will depend on the restaurants and businesses here.”

The $29 million project, to be built on a gravel parking lot along the Delaware River, between High Street and Pearl Boulevard, is expected to be completed by next summer
More: http://www.philly.com/philly/news/ne...-20180613.html

Site: https://www.google.com/maps/@40.0807...7i13312!8i6656

Looks like some very nice TOD, with the light rail stop 2 blocks away through the main street.
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