A shift in plans by the developer of a Delaware
riverfront residential property will bring more retail to the evolving Columbus
Boulevard.
PMC Property Group now plans to include ground-floor
retail space in its 250-unit apartment complex called One Water Street,
according to The Inquirer.
Jonathan Stavin of PMC said the adjustment to the $50
million project, located at 230 N. Columbus Blvd., is due to the increasing
pedestrian traffic.
The complex's
lowest stories, originally designed just for parking, are already under
construction, so PMC needs to figure out how to reconfigure the space to allow
for retail, Stavin said.
"It's one
of the things people have criticized, that there is no retail," he said.
"So we are looking at the first floor again."
The riverfront has seen dramatic change in the past few
years with the addition of the Spruce Street Harbor Park and the reimagining of
the BlueCross RiverRink Winterfest.
Construction of One Water Street is expected to be
complete by April 2016.
Source: Philadelphia
Business Journal
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