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DRWC selects Durst Organization for Penn's Landing redevelopment

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PHILADELPHIA - The Delaware River Waterfront Corporation voted unanimously to select the Durst Organization, a real estate agency, as the lead developer for the redevelopment of Penn's Landing.The Durst Organization proposal was one of four voted on by the board during a hearing on Wednesday morning.Among the other bidders, was Harris Blitzer Sports & Entertainment (HBSE), the owners of the Philadelphia 76ers.HBSE's proposal sought to build the team a new arena to play in when their lease at the Wells Fargo Center expires in 2031.

It also reportedly sought to build a school, business, and African American museum at the site.The other two proposals came from Keystone Property Group and Toll Brothers, and Hoffman & Associates.Advertisement“We.

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