PHILADELPHIA, Sept. 2, 2003 (PRIMEZONE) -- MEDIA ADVISORY
WHAT: City Commerce Director James Cuorato and Penn's Landing
Corporation President Dominic Sabatini announced today
that four developers have submitted proposals.
WHO: The following is a list of the Developers that
responded to the RFP (Request for Proposals):
-- Atlantis New York Group
-- Brandywine Realty Trust
-- Penn's Cove Partners (Keating Development
Company)
-- Tower Investments
SELECTION PROCESS:
-- Selection Committee will meet to review submitted
proposals and confirm and review selection process
schedule and dates.
-- Developers will make full presentations to the
Selection committee with question and answer
periods.
-- Public Forum to be scheduled at the Independence
Seaport Museum.
-- Public Display of Proposals over the course of
approximately 3 weeks. All proposals will be on
display for public review at the Penn's Landing
Corporation Visitor's center (301 S. Columbus
Blvd.)
-- Selection Committee will then meet, deliberate,
decide on recommendation of selected developer.
BACKGROUND: The developers listed above were identified through
a Request for Qualifications process that took place
in the Spring. A total of 7 developers were
identified as meeting the qualifications outlined
for this project.
CITY COMMERCE DIRECTOR
JIM CUORATO:
"We're very excited about the proposals we've
received. The developers who responded have
offered us several different visions of the
waterfront and we will now carefully evaluate them
to see which proposal is best for Penn's Landing.
We are hopeful that our goal of an exciting
waterfront development with significant public space
can be achieved through this process."
FOR MORE INFORMATION: Please contact the City Commerce Department
One Parkway
1515 Arch St. / 12th Floor
Philadelphia, PA 19102
215-686-2001
The Penn's Landing Corporation logo is available at: http://media.primezone.com/prs/single/?pkgid=349