Jefferson Apartment Group and Haverford Properties have closed on a long-term ground lease of one of the largest parcels fronting the Delaware River as well as secured construction financing that will pave the way for the development of a mixed-use project along the waterfront. 

In addition to apartments, the development will have a new Sprouts Farmers Market, adding to the growing retail options along the Delaware River waterfront. 

The lease and financing come seven years after the JAG and Haverford Properties venture was selected to develop the 9-acre site at 501 N. Christopher Columbus Blvd. and includes what was formerly known as Festival Pier. It is located in the Northern Liberties neighborhood of Philadelphia and is one of the largest publicly owned sites fronting the central Delaware River in Philadelphia. The partnership is leasing it from the Delaware River Waterfront Corp. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia land sites for sale or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia land sites for sale through our Philadelphia commercial real estate brokerage firm.