Morning Headlines: Game-Changing Tower Planned For Walnut Street

The proposed building is slated to have 300 apartments.

By Angelly Carrión· 12/17/2014, 9:56 a.m.

The long-planned “Fergie Tower” project by U3 Ventures has officially passed over to the Goldenberg Group who bought the site of the proposed mixed-use development for $8.2 million, according to Natalie Kostelni at the Philadelphia Business Journal. A 26-story tower with 300 apartments and ground-level retail space is anticipated for the property at 1213-19 Walnut Street.

Kostelni adds that the $100 million project “has the potential to be a game changer for that part of Walnut Street and an anchor east of Broad Street.” Here are early renderings of the planned structure when U3 Ventures and Goldenberg teamed up in April.

• Parking lot where ‘Fergie Tower’ was proposed sold to Goldenberg Group [Business Journal]

Meanwhile, in other news…

• Center City District’s dream of a street-level pedestrian promenade on the Schuylkill could become reality [PlanPhilly]

• SS United States has ‘preliminary’ agreement for redevelopment, ‘safe’ for the moment [Passyunk Post]

• Learn about new development projects at Spruce Hill Zoning meeting on Wednesday [West Philly Local]

• Picture This: 7 Tips for Capturing the Perfect Architectural Photograph [Architizer]