PHILLY: The Next Big Transit Neighborhood?

Transit-oriented development is no passing fad—from NY’s Hudson Yards to DC’s Union Station, some of the biggest commercial real estate projects are rising above the busiest transit nodes in the US. Now Amtrak is looking at the possibilities at Philadelphia’s 30th Street precinct, which includes 85 acres of rail yards. The 30th Street Joint Master Plan, to be led by Skidmore Owings & Merrill (also involved in the redevelopment of Denver's Union Station), will take two years and formulate a potential multi-phase development lasting 25 to 30 years, says Amtrak chief of corridor development Bob LaCroix. He speculates that the potential for a big mixed-use project could produce a brand new transit-centered neighborhood in the spirit of DC's NoMa. (Which means Philly should start thinking of four-letter nicknames for its neighborhood. We've been to Eagles games, so we know you're good with four letters.)

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy