clock menu more-arrow no yes

Filed under:

Will This Lot Get Developed, or Just Sold With Variances?

The self proclaimed Best Vacant Corner Lot Left in Northern Liberties was bought by developer who announced plans for a six story mixed-use tower in March of 2012. Now, though, but an item on the neighborhood association's zoning docket signals a turn away from the ambitious project.

Though the description on the Northern Liberties Neighborhood Association's zoning page is sparse, it's definitely different from the plans as first advertised. Apparently, developers now want to put in a two story building with a yoga studio on the second floor, and retail on the first.

However, according to L&I's website, the property still holds zoning variances which would allow for the construction of a seven story building with a cellar.

Is this a sign that the developer plans to sell the property with a price reflecting the zoning variances? Did they just change their mind? If you have any intel, please hit the tipline.
· Update: Mixed Use Development at 2nd and Brown Is a Go [Naked Philly]