Caterer Joseph Volpe and Bart Blatstein, the developer known for the Piazza at Schmidt’s amongst other projects that have helped redevelop neighborhoods throughout Philadelphia, signed a contract with Exelon Corp to purchase the former Peco plant on the Delaware. The property neighbors Penn Treaty Park and features a 1,000 foot water front and river pier. The price has not been commented on by either side.
Joe DiStefano of The Inquirer reports that the property boasts 300,000 sq. ft. of vacant structures, including a power plant designed by architect John Windrim and erected shortly after World War I on the site of 1800s-era shipyards; and 16 acres, part of which is underwater.
“It’s a one-of-a-kind property,” said Blatstein. “The main building includes a couple of 35,000 sq. ft. skylit spaces with 55-foot ceilings that could make spectacular event locations.”
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which The Condo Shop participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than The Condo Shop are marked with the IDX icon and detailed information about each listing includes the name of the listing broker. 2019 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Data last updated: 4/18/19 1:07 PM PDT