Title: 740 South Broad
Project: Condo, Commercial/Retail
Architect: Coscia Moos Architecture
Developer: Beverley Strategic Development Group LLC
Location: Broad and Fitzwater, Philadelphia, PA
Neighborhood: Graduate Hospital
District: South Philadelphia
Floors: 22
Height: 270 feet
Quote:
There’s been an interesting change of plans for the long-vacant lot at 740-48 South Broad Street. Conceptual designs for a tall-ish condo building were posted on the site at Broad and Fitzwater a while back. Then, it morphed into a few projects consisting of 8 single-family homes listed at $1 million (plus) a piece. One such development was dubbed Mona Lisa’s on the Avenue of the Arts.
So, what's now in store for the vacant lot on a prime spit of land on South Broad Street?
Beverley said they have approvals for a 20-story high-rise project that would be comprised of 120 luxury condo units–valued at $1 million a piece. The land and plans could be sold outright, or Beverley said the company would be open to a joint venture as well. Although the future of the condo project is up in the air, one thing is certain–the Mona Lisa development is no longer in the picture. "We are not moving forward with the townhomes," confirmed Beverley.
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Read more at
http://www.phillymag.com/property/20...URkwMhd6xJj.99
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