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Blatstein and Volpe Buy Peco Delaware Station, Hotels Planned

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Well, for better or worse, the guessing game is over: Bart Blatstein and Joseph Volpe state that they have signed a contract with Exelon Corp. to buy the former Delaware Station electric plant in Fishtown and its 1,000-foot Delaware River waterfront and river pier. They expect to close in March.

"We envision two boutique hotels, each leading into their own ballroom with 55-foot high ceilings," said Volpe. Blatstein said while the partners are not planning any retail or industrial uses for the property, apartments are in the cards, as well as a marina.

· Blatstein, Volpe: Hotels for ex-Peco plant on the Delaware [Philly.com]
· The new year to bring new owners to PECO Delaware Station [Curbed Philly]
· Changing Skyline: Historic Delaware Station is ripe for reinvention [Philly.com]