{"id":1004097100,"date":"2014-05-22T08:06:17","date_gmt":"2014-05-22T16:06:17","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=263801"},"modified":"2020-05-21T22:29:11","modified_gmt":"2020-05-22T06:29:11","slug":"failed-marina-view-project-on-columbus-blvd-comes-back-to-life-as-250-unit-residential-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/failed-marina-view-project-on-columbus-blvd-comes-back-to-life-as-250-unit-residential-building\/","title":{"rendered":"Failed Marina View Project on Columbus Blvd. Comes Back to Life as 250-Unit Residential Building"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Veronica Grecu, Associate Editor<\/em><\/p>\n<div id=\"attachment_263802\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/05\/One-Water-Street.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-263802\" title=\"One Water Street\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/05\/One-Water-Street.jpg\" alt=\"One Water Street\" width=\"300\" height=\"180\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">One Water Street<\/p>\n<\/div>\n<p style=\"text-align: justify;\">PMC Property Group plans to revitalize 230 N. Christopher Columbus Boulevard, one of the many vacant parcels near the Benjamin Franklin Bridge in Philadelphia\u2019s Penn\u2019s Landing District. According to <em><a title=\"PlanPhilly\" href=\"https:\/\/planphilly.com\/articles\/2014\/05\/14\/250-apartments-planned-for-site-near-ben-franklin-bridge\" rel=\"nofollow\" >PlanPhilly<\/a>, <\/em>the lot has a decade-long history of failed redevelopment projects that have been revolving around Marina View\u2014Lou Cicalese\u2019s plan to create a residential and commercial building on Philadelphia\u2019s Central Delaware Waterfront.<\/p>\n<p style=\"text-align: justify;\">The <a title=\"Downsized Marina View Project Could Roll Out Again, Needs Improvement\" href=\"https:\/\/www.commercialsearch.com\/news\/cities\/philadelphia\/downsized-marina-view-project-could-roll-out-again-needs-improvement\/1004052817.html\" >final version of the Marina View tower<\/a> that was OK\u2019d by the City Planning Commission in late 2012 called for a 14-story building with 180 apartments built on top of a three-story podium base of structured parking with retail space. However, the developer never went forward with his controversial project and, as previously reported by the <em><a title=\"Philadelphia Business Journal\" href=\"https:\/\/www.bizjournals.com\/philadelphia\/blog\/real-estate\/2014\/02\/delaware-river-property-sold-for-55m.html\" rel=\"nofollow\" >Philadelphia Business Journal<\/a><\/em>, sold it for around $5.5 million to an entity affiliated with PMC Property Group.<\/p>\n<p style=\"text-align: justify;\">The new owner has renamed the project One Water Street and hopes to break ground on a 16-story building with 250 rental apartments this July. Designed by Varenhorst Architects to seek LEED certification, the project will also include 73 parking spaces, a fitness center, bike storage room, a green roof and two public green spaces along Columbus Avenue designed by Land Collective\u2019s landscape architect David Rubin. As reported by <em>PlanPhilly<\/em>, the two public spaces will encompass approximately 11,600 square feet, or 20 percent of the development site.<\/p>\n<p style=\"text-align: justify;\">Though One Water Street is not included in the Central Delaware Master Plan, it received positive feedback from the Central Delaware Advocacy Group which pledged to send a letter of support for the project to the Civic Design Review Committee.<\/p>\n<p style=\"text-align: justify;\">If One Water Street gets the green light for construction, PMC Property Group hopes to complete the project in about 18 months.<\/p>\n<p style=\"text-align: justify;\"><em>Rendering credits to Varenhorst Architects via PlanPhilly<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PMC Property Group plans to revitalize 230 N. Christopher Columbus Boulevard, one of the many vacant parcels near the Benjamin Franklin Bridge in Philadelphia&rsquo;s Penn&rsquo;s Landing District<\/p>\n","protected":false},"author":258,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1494],"tags":[1815],"class_list":["post-1004097100","post","type-post","status-publish","format-standard","hentry","category-latest","category-philadelphia","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Failed Marina View Project on Columbus Blvd. Comes Back to Life as 250-Unit Residential Building - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/failed-marina-view-project-on-columbus-blvd-comes-back-to-life-as-250-unit-residential-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Failed Marina View Project on Columbus Blvd. Comes Back to Life as 250-Unit Residential Building\" \/>\n<meta property=\"og:description\" content=\"PMC Property Group plans to revitalize 230 N. 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