North Delaware Riverfront
Market Analysis 2001

IIn 2004 a “New River City Initiative,” was announced: a public investment in planning, rezoning, site assemblage and infrastructure on the City’s riverfronts. This initiative has helped to stimulate widespread private investment along the waterfront. Several private developers have purchased large sites with plans to develop residential communities. The appeal of the waterfront with its spectacular views, recreational opportunities, excellent access to I-95 and mass transit has taken hold. Proposed infrastructure improvements include:

• I-95 reconstruction
• North Delaware River Road
• North Delaware greenway
• Trail and bike paths
• Lardnor Point greenway node at Tacony-Palmyra Bridge
• Water delivery and removal
• Boat launches and parks

Market Analysis 2003

The City, through PIDC has applied for funds for water and sewer unfrastructure as well as Brownfields remediation from the state's PennVest program.

Major Projects:

Benjamin Franklin to Betsy Ross Bridges:
Waterfront Square Condominiums and Spa
The first two of five condominium towers are complete for this 10-acre gated community. All of the 305 units in the first phase have been sold. The owner is Isle of Capri Associates and developer is Gelfand/B.S.R. Group.

Bridesburg Section:
Philly Coke Site
A partnership of Westrum Development Company and K. Hovnanian Homes purchased this 55-acre site from Keyspan Energy. It plans to construct 720 new homes at this former industrial site, connecting the existing residential neighborhood and the waterfront. Community planning with Bridesburg residents is underway. Click here for more details.

Tacony Section:
Dodge Steel Site
Developers have proposed new housing construction at this 18-acre site by the Tacony-Palmyra Bridge
Tacony Army Warehouse
Transactionable Property Solutions/Kaplan Companies purchased this 13-acre site from the federal government in 2004 and is planning new housing units at the former Army facility. Click here for more details.
Disston Saw Works Complex
The City envisages a new development with loft apartments, commercial and office space.
Northern Shipping Site
Transactionable Property Solutions/Kaplan Companies, specializing in brownfields redevelopment, have proposed a major residential construction on this 70-acre site adjacent to Pennypack Park. A residential development is proposed, with potential for commercial and retail space. There will be frontage on the Delaware River. Click here for more details.