Remember the proposal to create a platform of development
ready land over the 30th Street Station railyards that seemed a little too
ambitious to ever come to fruition? Looks like it's not so far-fetched after
all. A rep from Amtrak says that they're "in the process of determining
and selecting a winning bid. My understanding is we should have that process
wrapped up in the next several weeks".
While there's no word yet on specifics, both Drexel
University and Brandywine Realty Trust are hoping that whatever the railyard
development looks like, it'll help them draw businesses and students to the
area and fit with their major upcoming developments. Last June, Drexel
commissioned a feasibility study for the railyard cap.
A broker said that the combination between the development
efforts of Drexel, Brandywine Realty Trust, and Amtrak had the potential to
become "the fifth square of Philadelphia", but that it would be a
very long process.
Source: Philly
Curbed
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