An undeveloped site that was once planned for a 45-story Trump Tower project on the Delaware River waterfront in Fishtown is for sale.
The land, at 709-17 N. Penn St., was put on the market Thursday by U.S. Bank and other disappointed lenders who hoped to finance the Trump project. Broker Michael Barmash of Colliers International in Philadelphia has the listing.
The two-acre site is zoned as a community commercial mixed-use district, suitable for a variety of uses, "most notably: multifamily, retail, office, medical or hotel," according to the Colliers listing.
However, apartments remain "optimal" for the site, Colliers said.
The Trump project was one of the grand high-rise proposals killed off by the financial crisis of 2008 and the recession that followed.
A new building would qualify for Philadelphia's real estate tax abatements, under a city policy that favors the builders, landlords, and tenants of new construction over existing property owners.