Site Description The Penn’s Landing development opportunity consists of two sites, the 3.7-acre Marina Basin Site and the 7.4-acre Market Street Site.
The Marina Basin Site is bounded by Spruce Street, Lombard Street, Columbus Boulevard, and the Penn’s Landing Marina Basin. It has approximately 875 feet of frontage along Columbus Boulevard, a major City arterial road, and 850 feet of frontage along the Penn’s Landing Marina Basin. The site is used as a surface parking lot and contains a building owned and used by DRWC for operations and maintenance. The Sublease will require the Developer to demolish the building as part of the redevelopment of the site.
The Market Street Site is bounded by Market Street, Chestnut Street, Columbus Boulevard, and the Delaware River. It has approximately 750 feet of frontage along Columbus Boulevard and 680 feet of frontage along the river. The site is used as a surface parking lot and for DRWC’s seasonal attractions, Blue Cross RiverRink Summerfest and Winterfest. The Blue Cross RiverRink and some of the associated amenities will be incorporated into the new park that is part of the Interstate 95 and Columbus Boulevard cap project (explained more fully below). The site is bisected by a viaduct road that connects Chestnut Street to Market Street; please see the Penn’s Landing Development Objectives section of the RFP for more information on the future of this road. There is also an existing large concrete tram tower on the site, which DRWC intends to demolish within the next two years.