The massive Penn’s Landing Redevelopment project will dramatically transform the Delaware River waterfront south of the Benjamin Franklin Bridge. Developed by The Durst Organization, the complex will create over 3.6 million square feet of floor space, as well as a 11.5-acre public park. The $2.2 billion project will add 1,834 residential units and a significant amount of office space, while expanding the Center City skyline to the east and likely inviting high-rise growth in the gap between the waterfront and the skyline core.
Penn’s Landing Redevelopment
The Penn’s Landing redevelopment plan, revealed last month ago as a winner of a major planning competition, will bring dramatic change to the Delaware River waterfront with a total of 3.6 million square feet of floor space. Developed by The Durst Organization, the project is also slated to bring a 11.5-acre park that will connect the I-95 Park to Penn’s Landing, with green space built atop new platforms over the Delaware Expressway. Two large lots of land will be redeveloped to bring a total of 15 buildings, with the southern portion featuring high-rises up to around 300 feet in height and the towers in the northern portion rising up to around 700 feet. The project will bring 1,834 residential units to the eastern edge of Center City. Philadelphia YIMBY’s exclusive set of concept massings display the impact the development will have on the skyline about eight years from now when the project anticipates completion.
On Wednesday, after a lengthy review process, the New York City-based Durst Organization has been selected to head the Penn’s Landing redevelopment on the Delaware River waterfront in Center City. Durst’s master plan consists of an expanded Penn’s Landing park as well as new waterfront park space and several high-rise buildings, the tallest of which appears to reach around 700 feet. The plan is expected to bring 3.6 million square feet of floor space, much of which would be designated for 1,834 residential units. The development will leave a dramatic impact both on the riverfront and on the city skyline.