Pittsburgh-based Mellon Foundation, Merck Inc., PPG Industries, and an anonymous foundation provided funding.
Meanwhile, across the state, Burt Hill is selected by an unnamed developer to provide architecture, engineering and site design for an 18-acre mixed-use development south of Penn's Landing in Philadelphia on the Delaware River. The multi-phase project, according to a statement by Burt Hill, will begin with a 30-story tower of approximately 350 to 400 apartments.
On completion, the development calls for as many as 1,600 units, including 60 townhouses, restaurants, a yacht club, a fitness center, and a marina with from 250 to 300 boat slips. The statement claims "it will be the largest urban multifamily development in the history of the city." No construction cost estimates or timeline was available.
Preliminary financing has been secured, and permanent financing is being sought, according to Burt Hill.
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