Horsham developer Toll Brothers has decided to increase the height of the tower it is planning to build as part of their Philadelphia Jewelers’ Row project, writes Natalie Kostelni for Philadelphia Business Journal.
Originally envisioned as a 16 story structure on the 700 block of Sansom Street, the tower may now have 29 stories. The change comes after Toll Brothers acquired the air rights to three additional neighboring properties, allowing it to boost the number of floors.
The Toll Brothers project proposal for the Jewelers’ Row has been controversial from the start. The plans were been vehemently opposed by the Philadelphia Preservation Alliance, which has attempted to stop what they deem a desecration of history.
However, many property owners along the street see the project as a chance to revitalize the area after years of decline.
“If you grew up in the neighborhood as I have, you will know that the street has declined,” said Jeffrey T. Barsky of Barsky Diamonds in Jewelers’ Row. “When I heard what they wanted to do, I thought it was terrific.”
Read more about the developer’s plans at Philadelphia Business Journal by clicking here.