$45 million Redevelopment Project Begins at Old Recreation Center
- Aug 25, 2011
A complex redevelopment project estimated to cost around $45 million began this Monday when the site was cleared from trees and massive weeds at the neglected Venice Island Recreation Center located between Manayunk Canal and the Lock and Cotton Street bridges, informs Montgomery News.
The project has been divided into three phases over the next two years or more and includes the demolition of the recreation center, playground and swimming pool to make room for a 4-million gallon stormwater basin that will be placed underground, serving the Philadelphia Water Department. The redevelopment plans also call for a state-of-the-art performing arts center that would accommodate 250 people, rehabbed athletic courts and play areas and a unified parking lot.
According to Don Bitterlich, senior project manager of Daniel J. Keating—the project’s developer—the first phase of this project will effectively begin on August 29 when the recreation center’s building will be demolished. Construction workers will work all year round to make sure the project is completed as quickly as possible.
In residential headlines, Daily Local News reports that the Waterview Apartments complex located on West Chester Pike in East Goshen was purchased in July for $24.6 million by Home Properties, an apartment Real Estate Investment Trust, from San Diego-based Fairfield Residential Inc. The building was completed in 1968 and includes 14 studio apartments, 67 one-bedroom units and 122 two-bedroom units with an average unit size of 825 square feet.