Preservation

Blatstein And Volpe To Buy Delaware Generating Station From Exelon Corp.

January 15, 2015 | by Michael Bixler

 

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Delaware Generating Station | Photo: Michael Bixler

Developer Bart Blatstein and caterer Joseph Volpe have signed contracts and entered a purchasing agreement with Exelon Corp for the sale of Delaware Generating Station in Fishtown, reports the Inquirer. The deal is set to close in March. The closing price has yet to be disclosed by both parties.

Blatstein and Volpe’s vision for the 300,000 square foot former power station site includes reusing the main building for two boutique hotels–each with their own 55 foot ceiling ballrooms–river-view apartments, and a marina. Plans do not include retail or industrial use, Blatstein said, according to the Inquirer.

As we reported in late October last year, the global real estate broker Binswanger has been tight-lipped regarding potential bidders, wary of releasing any information until the winning bidder had been officially announced. News today reveals that there were five serious bidders willing to throw their hat in redeveloping the historic, John Windrim-designed industrial property.

 

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About the Author

Michael Bixler is the managing editor and communications director of Hidden City Daily. He is a former arts and entertainment reporter with Mountain Xpress weekly in Asheville, North Carolina and a native of South Carolina. Bixler has a keen interest in adaptive reuse, underappreciated architecture, contemporary literature and art, and forward-thinking dialogue about people and place. Follow him on Instagram

6 Comments:

  1. Joseph N DiStefano says:

    Looks like you cribbed that from my Inquirer story. You should cite your source.

    1. Michael Bixler says:

      Check the first sentence, Mr. DiStefano. Citation is front and center.

    2. Bradley Maule says:

      Hey Joe, help me choose which is funnier about your smarmy comment:

      1. That Michael DOES cite you — in the FIRST SENTENCE of his story (as well as the second paragraph), including a link to your story, or
      2. That you have cribbed a number of my stories over the years; you should have cited your source.

  2. Astralmilkman says:

    Fantastic ! I love that place and it’s a great news that it’s not gonna get knocked down for some uninspiring box on the water. Thank you Mr Blatstein ! How is it that Bart can reuse a power station but so many other developers don’t have the vision for reusing churches , schools etc ? So many treasures are being knocked down for suburban transplants. Thanks again .

  3. Astralmilkman says:

    Great news , I pass that place all the time. Glad it’s not getting knocked down for some ugly box.

  4. MickR says:

    Great news. I wonder who Blatstein’s architects have been for prior developments, and who might be presently consulting on this tasty project.

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