While Blatstein’s massive development has been the talk of the town with a 32-story tower, rooftop village and 1,000 residential units being planned for Broad and Washington, it’s not the only development being planned for this intersection.
Previous plans for this smaller development on the northwest corner included 310 apartments and 70,000 sq. ft. of retail. New plans include a little bit more than that with 356 apartments and 74,000 sq. ft. of retail. This development from MIS Capital L.L.C. and Alterra Property Group also includes the preservation of the train shed currently on the 3.4 acre site.
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Alterra and MIS are in talks with potential supermarket tenants that would occupy 25,000 to 35,000 square feet of retail space, some of which could be situated in the historic train shed, built about a decade after Lincoln’s death, Gendler said.
The project’s eight-story apartment structure would wrap the corner of Broad and Washington, surrounding a three-level parking structure with about 360 spaces, he said.
The plan also calls for a publicly accessible walkway linking 15th and Broad Streets, to be called Lincoln Walk, and a plaza beside the rail shed at Broad and Carpenter Streets. Both may accommodate outdoor seating.
For this project to move forward, the property needs to be rezoned for this mix of residential and commercial. Construction would then be expected to begin in March 2017.