The Durst Organization is developing a high-rise, market-rate, mixed-use complex adjacent to Vine Street in Philadelphia. The building is anticipated to be almost 456,000 GSF sitting at 25 stories. It will also include over 11,000 SF of ground floor retail, on-site parking and a public park.
Part of the 1.6-acre parcel, Durst purchased is a part of an shipyard built in the 1600s and a 19th-century landfill. Part of the project includes a study and preservation of the archaeological heritage of the lot. The developer plans to use half of the 1.6-acre parcel of land to create a public park, which will sit atop of the former shipyard to preserve it.