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  #1  
Old Posted Dec 14, 2004, 11:21 PM
Born Pure Philly Born Pure Philly is offline
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Lightbulb PHILADELPHIA | Waterfront Square (5 Towers)

Architect: Wallace Roberts & Todd LLC

Complete - The Regatta 100 m 29 2007
Complete - The Peninsula 88 m 25 2007
Site Prep - The Reef 76 m 21 2009
Pending - The Horizon 125 m 37 20??
Pending - The Tides 112 m 33 20??













Elevation of the Tides










Last edited by Born Pure Philly; Jan 24, 2008 at 3:35 AM.
     
     
  #2  
Old Posted Dec 15, 2004, 1:48 PM
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Sasso has big pictures of the model and renderings. Swinefeld has construction photos. I am sure they will contribute.

Last edited by SJPhillyBoy; Dec 17, 2004 at 4:23 PM.
     
     
  #3  
Old Posted Dec 15, 2004, 4:06 PM
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...and bigger renderings.
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  #4  
Old Posted Dec 16, 2004, 8:27 AM
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wow i forgot about that project...looks like they finally picked a design. Philly has been lucky with these last 3 awsome projects. Congrats.
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  #5  
Old Posted Dec 16, 2004, 7:09 PM
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http://www.waterfrontsquare.com/

Developer: Isle of Capri Associates, L.P.

Architect: Wallace Roberts and Todd, LLC

The project is on the Delaware River and is just North of the Ben Franklin Bridge. There will be five towers. Towers One and Two are sold out.
     
     
  #6  
Old Posted Dec 16, 2004, 10:27 PM
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Not much to add.

Phase 1 as SJPBoy noted will be two towers which are both sold out. Closest to the water.
25 stories and 29 stories.

Phase 2 :
21 stories
33 stories

Phase 3 is the tower that stands to alone furthest from the water
37 stories

Thanks for the website SJPBOY but that site leaves alot to be desired.
     
     
  #7  
Old Posted Dec 17, 2004, 4:33 PM
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Old article with good info...

Posted on Sat, Jun. 05, 2004

Business news in brief from the Inquirer

Gated condo community planned on Columbus Blvd.

Israeli developer Artsi Wine's Isle of Capri Associates L.P. said it has signed a contract to start construction of its 9.6-acre gated condominium community, called Waterfront Square, on Columbus Boulevard just north of Spring Garden. Shoemaker Construction Co., of West Conshohocken, will build the first two of the five buildings planned, as well as the first phase of the parking garage. The two buildings are scheduled for occupancy in early 2006. Groundbreaking is planned for June 18.


Posted on Fri, Oct. 10, 2003

Five waterfront condo towers planned

An Israeli developer would offer 780 units for $221,000 and up.

By Henry J. Holcomb
Inquirer Staff Writer

Artsi Wine, an Israeli developer who has built big projects in South Africa, England and Poland, will unveil plans today for a $280 million, five-tower gated condominium community on the Delaware River.

The complex, called Waterfront Square, will be built on 9.6 acres at Piers 36-39, north of the foot of Spring Garden Street on Columbus Boulevard.

It will include 760-square-foot units priced from $221,000, and larger units, ranging up to 2,642-square-foot, $1.6 million penthouses.

Wine said the city would have permitted 55-story buildings on the site, but none would rise higher than 30 stories. "Sometimes you have to build less than you can to give a better quality of living," he said.

At 30 stories, the condominium project will still contain the highest building on the waterfront. The Hyatt Regency at Penn's Landing is 22 stories.

The sales office, on Pier 5 at 7 N. Columbus Blvd., is scheduled to open Sunday. Prospective buyers can see full-scale models of the kitchens and bathrooms there, as well as photographs, taken from a helicopter, of the views from each condominium unit, Wine said.

This costly sales campaign is designed to sell half of the 129 units in the first tower in time for construction to begin in January. He said he hoped to have all five buildings built, and all 780 units sold, within five years.

Wine's firm is called Isle of Capri Associates L.P. Along with partner B.S.R. Engineering & Development, of Israel, it has a $2 billion portfolio. Local partners include developer Daniel Katz. The project is being designed by Wallace Roberts & Todd L.L.C., Philadelphia architects.

Wine began work on the project four years ago, comparing the tastes of people here with those in New York, Las Vegas and Florida, where he considered building projects.

"New Yorkers are extroverts. Philadelphians like privacy... and larger units," he said.

So he came up with his plan for a gated riverside community, with a three-acre garden framed by the river and five buildings, arranged to avoid casting shadows on one another.

Wine said his research found many people who "like to be next to the city. They don't want to drive three-quarters of an hour or more to work, but they want quiet," he said.

And they want parking. "There will be plenty of parking, for the residents and their dinner-party guests, under the garden," as well as docks for the residents' boats, Wine said.

The site, 900 Penn St., just off Columbus Boulevard, once held the Riverfront Restaurant & Dinner Theater, which closed in 1993 after 21 years.

There is a pent-up demand for upscale condos, said Joanne Davidow, a Prudential Fox & Roach Realtors broker, who handled the sale of 16 condo properties - each for more than $1 million - in the city's Rittenhouse Square neighborhood last year.

Five years ago, there were virtually no condos here priced above $1 million, she said. "Now there are a lot of buyers... at ages that find condos attractive - empty nesters and young people who work all the time and want convenience," she said.

After studying other cities, Wine said he was optimistic about his ability to make money in Philadelphia. "We came to see Philadelphia as a sleeping beauty, a very welcoming and nice city, a good place to invest," he said. "In other regions, the peaks and dips are tremendous. The peaks are exciting, but, in the dips, you can lose everything you have."

The first building will be at the southeast corner of the site, and the second will be across the garden at the northeast corner.

Wine talked with great passion of the challenge of overcoming Philadelphians' skepticism. He acknowledged that many saw this as just "another pie-in-the-sky project" along the river, where many grand plans were announced but never built.

But he insisted that his group, which is investing its own money, would make a profit, and have fun doing it.

"I enjoy being a pioneer" in creating something a city does not have, Wine said. "Nothing is more enjoyable than taking a piece of ground and creating something of beauty. It is like art."
     
     
  #8  
Old Posted Dec 17, 2004, 5:05 PM
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As I said in Philly IV, both cranes are up for the two towers they are constructing now and it appears they have moved the concrete mold to the second floor on the northernmost of the two towers. I ride by there on the El everyday and have a great view so I'll keep folks posted when I can.
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  #9  
Old Posted Dec 17, 2004, 11:36 PM
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Someone should have told me earlier that the developer of this project was an Israeli, b/c it's pretty rare to see a company of this nationality develope something in this country.
     
     
  #10  
Old Posted Dec 18, 2004, 6:02 AM
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Someone should have told you earlier? Are you the official record keeper of these things?
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  #11  
Old Posted Dec 19, 2004, 7:11 PM
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You didn't know?
     
     
  #12  
Old Posted Dec 20, 2004, 4:56 PM
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I know someone had to be first to build there but are there plans for the area around Waterfront Square? It's pretty gritty around there. Is Trump's property near there?
     
     
  #13  
Old Posted Dec 30, 2004, 1:58 PM
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Wow, I found ANOTHER Philly thread. 2 in 1 day! Aren't I special?

I'm pretty eager to see this one go up...but, knowing the city, the two they're building now will be the only ones finished.

Man...city council sucks.
     
     
  #14  
Old Posted Dec 30, 2004, 5:31 PM
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Buildup -- Immediately north of the Waterfront Square site there is a huge vacant lot. About a month after Waterfront Square was announced they cleaned up this lot and put up a chain link fence. Don't know who owns it or any other details, but the lot was filfthy for years and they cleaned it right up.

FlyersFan -- I think I heard that they have started selling the third tower. So another is going to go up, but I agree -- I don't know if all of them will go up, especially the 37 story one.
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  #15  
Old Posted Dec 30, 2004, 8:28 PM
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3 out of 5 towers is not bad.

FlyersFan118, There is also a St. James thread in this section of the forum...maybe on page 2 or 3. City Council has nothing to do with these towers. They are all approved, it just depends on whether they can sell the condos in all five towers.
     
     
  #16  
Old Posted Dec 31, 2004, 3:21 AM
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I think they are all getting built. They sold 300 units for the first phase pretty quickly, and that was with nothing more than a pile dirt and floor plans. When they get the first two buildings up along with the clubhouse, pool and landscaped grounds I don't see them having any trouble leasing out the other buildings.
     
     
  #17  
Old Posted Dec 31, 2004, 7:03 PM
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Well I hate the city council anyway. lol

The only thing worse is the STATE council. *gasp* *shiver*
     
     
  #18  
Old Posted Jan 29, 2005, 4:44 PM
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Work has been slow due to the weather I guess. These buildings must have small footprints. It doesn't look like there is room for 3 more towers there.
     
     
  #19  
Old Posted Jan 29, 2005, 5:50 PM
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I agree. I ride past there every day -- on the north tower they are on the third floor and the south tower is just starting to show rebar above ground.
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  #20  
Old Posted Jan 29, 2005, 7:28 PM
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EDIT: BPP's on the ball.
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Last edited by giovanni sasso; Feb 1, 2005 at 5:17 PM.
     
     
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