1100 Christopher Columbus Blvd Philadelphia, PA 19147

Property Details for 1100 Christopher Columbus Blvd

Property type

Lifestyle centers

Property subtype

Power centers

Description

Riverview Plaza offers a unique investment opportunity in Philadelphia, PA. This portfolio comprises three open-air shopping centers totaling 247,957 square feet, strategically located at the corner of South Christopher Columbus Boulevard and Washington Avenue. The property boasts irreplaceable waterfront positioning in Center City Philadelphia, offering investors the flexibility to acquire the assets individually or as a complete portfolio. The 9.7-acre site includes a mix of existing income-producing tenants and significant redevelopment potential. Riverview Plaza I, a fully leased 82,424 square foot center, presents opportunities to increase rents and potentially transform the tenant mix. Riverview Plaza II, a 46,736 square foot center currently 50% leased, offers value-add potential through lease-up of vacant space or densification with residential development, permitted under CMX-3 zoning. Riverview Plaza III, a vacant 2.3-acre parcel, presents an opportunity for redevelopment, potentially including mixed-use residential construction. The entire portfolio benefits from its location within a premier retail corridor, proximity to affluent neighborhoods, and excellent transportation access via South Christopher Columbus Boulevard (20,400 vehicles per day) and I-95 (60,200 vehicles per day). This generational opportunity allows investors to control three city blocks of prime real estate poised for significant growth and development along the Delaware River waterfront.