Parcel 9 Update 10/23/20

I-195 Redevelopment District Chooses Pennrose as Parcel 9 Developer, Proposes 2 Buildings

The 195 Redevelopment Commission chose Pennrose Properties of Philadelphia as the developer for the Parcel 9 site in Fox Point. Pennrose proposes to build 130 units over retail spaces in two 5-story buildings.

Penrose Chosen for Parcel 9

Pennrose plans to purchase the 1.09 acre site for $800,000 through a loan with the 195 Commission. 

Construction of the two buildings is set to begin in July of 2022, at a project cost per square foot of $311 for the first building and $324 for the second.

Photo: I-195 Commission

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