Posted Jan 24, 2019, 4:22 PM
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Join Date: Jan 2017
Location: Clark Park, Philadelphia, PA
Posts: 3,639
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From the Lowrises thread via Urbanthusiat:
Development permit signals progress at site near Amtrak’s North Philly station
Quote:
The developers seeking to revitalize the blighted area around Amtrak’s North Philadelphia station into a new complex of homes, research labs and offices have been issued a zoning permit to build a residential mid-rise, the first solid sign of progress in the so-called North Station District plan since the land acquisition.
North Station District LLC, as the consortium of real estate investors is known, was granted permission on Jan. 18 to build a seven-story building with 135 dwelling units and ground-floor commercial space, according to Philadelphia Department of Licenses and Inspections records.
Michael Bailkin, a principal with consortium member Arete Group, said improved station security, landscaping and lighting were also planned as part of an initial $49 million phase of the what could eventually be up to 1.7 million square feet of development on what are now vacant warehouse properties and empty lots.
“By itself, it’s not a critical mass, but it’s really the first piece of the puzzle in terms of getting actual development there,” he said.
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http://www.philly.com/real-estate/co...-20190124.html
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