Plans are underway to develop a vacant property at 1499 S. Christopher Columbus Blvd. Nationwide private lending firm Silver Arch Capital Partners announced today the closing of a $15 million land loan for two of the site’s six parcels. The borrower used the loan proceeds to purchase the waterfront property, known as 1401 and 1401 R-S Christopher Columbus Blvd. A mixed-use development is planned for the 22.39-acre waterfront area. The proposed site plan includes the construction of up to 235 luxury townhomes along the scenic Delaware River, boat slips for owner’s watercraft, outdoor recreational activity and a riverfront cafe.
www.omegare.com
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