The Delaware River Waterfront Corp. is seeking to gauge the interest level in developing Festival Pier, a prime 11-acre site that juts out into the river.
The organization has initiated a formal process to ask developers if they'd like to construct a project on the site. It's the second-largest contiguous piece of land that the public sector owns along the waterfront. Penn's Landing is the largest.
The pier is currently used as a Live Nation concert venue but DRWC believes now is the time to explore a new use for the site that's consistent with its vision for the Delaware River waterfront. The waterfront corporation's master plan designated the property as a mixed-use development with residential and retail components along with public spaces designed so that it "feels like a natural extension of the city."
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