The
long-planned “Fergie Tower” project by U3 Ventures has officially passed over
to the Goldenberg Group who bought the site of the proposed mixed-use
development for $8.2 million, according to Natalie Kostelni at the
Philadelphia Business Journal. A 26-story tower with 300 apartments and
ground-level retail space is anticipated for the property at 1213-19 Walnut
Street.
Kostelni adds
that the $100 million project “has the potential to be a game changer for that
part of Walnut Street and an anchor east of Broad Street.” Here are early renderings of the planned structure when U3
Ventures and Goldenberg teamed up in April.
Source: Philadelphia Magazine
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