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.
· Drexel, Amtrak, Brandywine weigh giant development plans [Philly.com]
· Would Anyone Live Over A Railyard? Drexel Wants To Find Out [Curbed Philly]