Fishtown's Canal Street is just Phase 1 for Core Realty

When a project that's expected to draw around 5,000 people per day on a decent weekend is described as just "phase one," you know you're dealing with something massive.

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Fishtown's Canal Street is just Phase 1 for Core Realty

POSTED: Wednesday, September 12, 2012, 12:52 PM

When a project that's expected to draw around 5,000 people per day on a decent weekend is described as just "phase one," you know you're dealing with something massive. And that's exactly what Core Realty laid out last night in Fishtown, at a meeting that drew (despite concerns mostly centered on parking) overwhelming community support for a proposal to turn a blighted factory district along Canal Street near the Delaware River waterfront into a "family-friendly entertainment" destination. Since the Inquirer already summarized the details, we'll stick to the subtext: that developer Michael Samschick, who repeatedly mentioned that he owns "several city blocks" in the area, and his colleague Randall Mineo, who dropped the name Disney (as an example only) and pointed out that he had worked on the noble but futile effort that was the 8th and Market Disney Hole, see this as just part of a massive-scale waterfront-adjacent transformation. That is, they hope to piggyback off of phase one to lure even more attractions to the area.

The plan, as reported, includes adaptive reuse of two enormous industrial relics, the Ajax and Dry Ice buildings, for a LiveNation, 3,000-capacity concert venue, a country-western bar (with, apparently, a guitar-shaped stage?), some restaurants and local retail, and a couple community spaces. An 18-lane bowling alley will be run by a national chain, and Samschick says he's devoted a lot of time to securing national-level anchor tenants. There are also some community plaza spaces, and several LED billboards planned.

Neighbors voted 86-25 in support. But because of regulations associated with the North Delaware Avenue zoning overlay, it's actually the Philadelphia City Planning Commission's call. Unlike a normal zoning variance, which is pretty much up to the Zoning Board of Adjustments, the PCPC's decision on the matter is binding, says planner David Fecteau. Core will present to PCPC Sept. 18 but it will likely take a couple months for the PCPC to finalize its response, he said.

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