(Read more on the multifamily market.)
PHILADELPHIA-Locally based Rimas Properties' plan for a mixed-use development on a 5.4-acre site at the intersection of S. Broad Street and Washington Avenue has passed its first hurdle. In a 16-to-1 vote, the city council has approved a zoning change that would allow for two 31-story residential towers and retail on the land.
The bill, 070371, “now goes to the mayor's office,” a council spokeswoman tells GlobeSt.com. She says Mayor John Street could rule on the change by as early as Thursday, Oct. 4.
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