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Changing Skyline: Bait and switch on affordable housing deal nets developer five floors

One Water Street, the first project built under Philadelphia's Delaware waterfront master plan, isn't quite finished, but the luxury apartment house already towers over Columbus Boulevard. At 16 stories, it promises residents spectacular views of the river, from the Ben Franklin Bridge to the sailboats bobbing in the marina next to Morgan's Pier. One-bedroom apartments are listing for an impressive $1,875 a month.

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