M id A tlantic Real Estate Journal — Owners, Developers & Managers — Roofing/Flooring — September 25 - October 15, 2020 — 7B Roofing/Flooring


Development, culmination of decades of planning, will increase access to waterfront The Durst Organization selected as development partner by DRWC to transform Penn’s Landing P

not anticipating seeking zon- ing variances to develop the parcels and is not seeking any special public subsidies to fi - nance the project. Six towers are envisioned for the Market Street site, along with a series of public spaces that complement Penn’s Land- ing Park, including an overlook site to provide expansive views of the waterfront, the river and the Benjamin Franklin Bridge. This project is being designed by Pelli Clarke Pelli Archi- tects , the international firm that designed Philadelphia’s Cira Centre.

An additional six buildings are planned for the Marina Basin site that are meant to compliment the character, scale and architectural form of nearby Society Hill while maintaining public views of the Delaware River and activating a pedestrian esplanade along the riverbank. The Durst Or- ganizations has selected inter- nationally renowned Bjarke Ingels Group to design this site. Bjarke Ingels Group de- signed The Durst Organiza- tion’s award-winning VIAWest 57 residential building in New York City. MAREJ

HILADELPHIA, PA — The Durst Orga - nization has been se- lected as the Delaware River Waterfront Commission (DRWC) development part- ner for a project that will transform Penn’s Landing by providing Philadelphians with exciting newways to access the Delaware River and by bring- ing new residents and jobs to the waterfront. The DRWC, a city-creat- ed non-profit charged with stewarding development and community access along the riverfront, selected The Durst Organization to develop two key parcels after an extensive bidding process beginning last October. The planned development, which brings together a team of internationally recognized architects, is the culmination of decades of work to transform the Delaware River waterfront into an exciting urban attrac- tion and complimenting the planned Penn’s Landing Park capping a portion of Interstate 95 in Center City. “We are honored DRWC has selected us for this transforma- tive project that will provide Philadelphians' extraordinary access to the waterfront," said Jonathan (Jody) Durst , president of The Durst Orga- nization. "We look forward to working with community mem- bers, elected officials and stake - holders to finalize a design that fulfills the vision of the Master Plan for the Central Delaware, creates economic opportunity and jobs for all Philadelphians, particularly disadvantaged businesses and people of color, and makes an inviting mixed- use development with retail and recreational amenities that activates the Delaware River waterfront." The Durst Organization plans to work with DRWC to develop two sites: one between Market and Chestnut streets and another along the Marina Basin to the south of the future Penn’s Landing Park. The Durst Organization’s proposal includes nearly 2,400 apartments and more than 124,000 s/f of retail space across both sites, as well as a 225-key hotel — all designed to activate the waterfront by replacing parking lots with neighborhood amenities that add economic vibrancy and increase foot traffic. The Durst Organization is

Penn’s Landing

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