Philadelphia developers are going all-in on new projects
in the middle of a historic pandemic, with massive numbers of people unemployed and the city’s economic fortunes uncertain, developers seem to have decided that this is a perfect time to build on the Delaware.Inga Saffron, architecture critic for The Philadelphia Inquirer, offers a survey of several planned developments taking shape along the Delaware River in Philadelphia as a special tax holiday for residential development in these areas is set to expire on December 31, 2020. Saffron reports that thousands of new residential units are in the process of being approved by local authorities as developers aim to complete projects, like the BKV Group-designed 1,140-unit Piazza Terminal complex, in anticipation of a post-pandemic rebound in regional housing and office markets.
in the middle of a historic pandemic, with massive numbers of people unemployed and the city’s economic fortunes uncertain, developers seem to have decided that this is a perfect time to build on the Delaware.
Inga Saffron, architecture critic for The Philadelphia Inquirer, offers a survey of several planned developments taking shape along the Delaware River in Philadelphia as a special tax holiday for residential development in these areas is set to expire on December 31, 2020.
Saffron reports that thousands of new residential units are in the process of being approved by local authorities as developers aim to complete projects, like the BKV Group-designed 1,140-unit Piazza Terminal complex, in anticipation of a post-pandemic rebound in regional housing and office markets.
