The Real Deal New York

A $350M rental complex planned for Philadelphia’s Schmidt’s brewery site

March 02, 2018 01:31PM

Plans to build a 1,200-unit rental apartment in Philadelphia’s Northern Liberties neighborhood will complete the redevelopment of a former Schmidt’s brewery. Developer Bart Blatstein, who has built and sold two other projects at the site, is proposing a $350 million mixed-use development on the remaining 4.4-acres, which have been vacant since Blatstein began acquiring the properties in the early 2000s, the Philadelphia Inquirer reported. The developer plans to break ground as early as March 2019 and expects the project to take five years to complete. [Inquirer]