Planning Commission Approves Redesigned Renaissance Plaza Project
- Nov 20, 2013
By Veronica Grecu, Associate Editor
The Philadelphia City Planning Commission (PCPC) green lighted Waterfront Renaissance Associates’ massive, $660 million development project that will be built on a currently vacant, 5.3-acre site on the Delaware River waterfront, at the corner of Callowhill Street and Columbus Boulevard.
The newly approved project includes four mixed-use towers. This is a slightly scaled down version of the original Master Plan designed by Alesker & Dundon Architects that was submitted for review by the developer—an affiliate of Carl Marks Real Estate of New York—back in mid-2012 after a failed effort to bring the World Trade Center concept to the Greater Philadelphia area.
According CBS Philly, construction at the 2.5 million square foot Renaissance Plaza will kick off by the summer of 2015 and will be divided into four phases with one tower completed in each development stage. Combined, the four glass and metal high-rises will comprise 1,350 apartments available for rent at market-rate prices and 70,000 square feet of ground-floor retail space. The complex will also include two sport centers, several bars and restaurants and an enclosed parking garage with 500 spaces.
Designed to achieve LEED Gold certification, Renaissance Plaza will feature approximately one acre of public green space that could host a farmers market or public events for residents and visitors alike.
Rendering courtesy of Alesker & Dundon Architects