A parcel on Manayunk’s Venice Island has sold, setting the stage for its development after years in which various plans were proposed for it but never materialized.
A partnership involving Greg Hill’s D3 Development, the Concordia Group and Resmark Cos. bought the property at 1 Leverington Ave. from Venice Island Realty Partners, which is a partnership involving Dan Neducsin, an active owner of properties throughout Manayunk, and Lubert-Adler Real Estate Funds of Philadelphia.
The sale price wasn’t disclosed and it was not yet publicly available.
The parcel totals 4.5 acres and sits between Leverington Avenue and Green Lane. Many know it for two former restaurants that once operated on the site, Carmella’s and Arroyo Grill. The property has been approved for a 68-townhouse community called the Locks. The project would involve constructing 10 buildings.
Learn more about the recent purchase of Manayunk's Venice Island here.
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