Packer Park to get a 10 Story Skyscraper
Just when you thought Packer Park couldn’t get anymore Congested…
Now they’re proposing a 10 story, 100 foot skyscraper right next door to the CVS on Broad Street.
The Developer can currently, legally build 150 homes on the piece of land and easily sell them for $500,000 each. However, he feels like the highest & best usage of this land would be to build a 100 Foot, 10 Story, Commercial Office Building with 250 parking spots. Despite all of the excess land and current commercial space in the Navy Yard (literally 2 blocks away) and the tremendous tax benefits that triggered companies like GlaxoSmithKline, Urban Outfitters & Jefferson Hospital to relocate from their old space and come to the rapidly growing business district at the Navy Yard.
There was a meeting at Holy Spirit School about the project on 11/11/2015. Several people questioned Mark R. Nicoletti, vice president at Philadelphia Suburban Development Corporation, the owners of the near four-acre property why he was opposed to keeping it residential. His answer was basically that He could make more money developing it as a 10 story commercial building, regardless of how it affects or conforms to the Packer Park Community.