The Philadelphia Business Journal reported today on the new development that’s had our neighborhood buzzing all month: Grasso Holding’s new $70-million, mixed-use complex slated for a big chunk of land spanning Kelly Drive, Calumet, and Ridge.
This 6-story project boasts 200 apartments, an underground parking garage, and 15,000 square feet of retail and services — and it’s coming to East Falls this Summer!
This prime river site has sat undeveloped for over a decade due to all kindsa of challenges, from demanding neighbors to issues with slope and flooding, with some nasty traffic and soil contamination thrown in, too. When the Philadelphia Streets Department basically requested a total redesign, most developers would’ve thrown in the towel.
But to David Grasso, this spot was worth the trouble — and he still sees it as transformational for East Falls: “It will be an anchor and incredible gateway,” he told reporter Natalie Kostelni. In addition to a cafe and market, he’d like to see ZipCars and IndeGo bike stands, plus maybe a tourism office or something to draw visitors from Kelly Drive into the great community here.
Sounds good to us! Most neighbors who came to Grasso’s informational presentation at last month’s zoning meeting were totally into his plans, except for a couple nay-sayers — check out our recap, with video here.
More recently, East Falls Zoning & Land Use Committee held a special “near neighbors” meeting at The Falls Ridge apartments earlier this week. We’ve loaded up some video already but don’t peek! Steve’s upcoming commentary hopes to make sense of all the grumbling.
Meanwhile, for the full scoop from Philly Business Journal, click here for their exclusive coverage.