The long-vacant lot at Broad and Fitzwater could become a 20-story high-rise.
Instead of the single-family townhomes originally being talked about for the property, the lot is now on the market for $20 million and being marketed for a condo high-rise development.
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Beverley said they have approvals for a 20-story high-rise project that would be comprised of 120 luxury condo units–valued at $1 million a piece. The land and plans could be sold outright, or Beverley said the company would be open to a joint venture as well. Although the future of the condo project is up in the air, one thing is certain–the Mona Lisa development is no longer in the picture. “We are not moving forward with the townhomes,” confirmed Beverley.
Earlier plans for the high rise were designed by Coscia Moos Architecture in Center City. Sergio Coscia, principal of the firm, said that it was designed as a modular high-rise building reaching 20-stories in height–one he called the tallest in the county at this point. That’s an important note, as the B2 BKLYN modular high-rise at the former Atlantic Yards project in Brooklyn will be the tallest modular building in the entire world, whenever it actually gets completed. Coscia called it a “tight site,” and noted that the modular construction would work well within the physical constraints of the lot, which would allow for the “containers” to be built off site and stacked and locked into place.