Cordish Unveils Revamped $1.4B Mixed-Use Casino Development
Baltimore-based real estate development company, The Cordish Companies, has unveiled its highly anticipated $1.4 billion mixed-use casino development project in the heart of South Philadelphia. The project, which has been in the works for several years, promises to transform the city’s waterfront into a vibrant entertainment destination for locals and tourists alike.
The revamped development, which was initially proposed as a standalone casino, has been reimagined as a mixed-use complex that will feature a wide range of amenities including a luxury hotel, retail shops, restaurants, entertainment venues, and of course, a state-of-the-art casino. The project is set to span over 1.5 million square feet and will be located on a prime waterfront site that offers stunning views of the Delaware River.
According to Cordish Companies CEO David Cordish, the development will breathe new life into South Philadelphia and create thousands of jobs in the process. “This project represents a major investment in the community and will serve as a catalyst for economic growth in the region,” Cordish said in a statement.
The casino portion of the development will feature a sleek and modern design, with over 2,000 slot machines, 100 table games, and a dedicated poker room. In addition to gaming, guests can enjoy a variety of dining options ranging from casual eateries to upscale restaurants. The entertainment venue, which will host live performances and events, is expected to attract top-tier talent from around the world.
One of the standout features of the project is the luxury hotel, which will offer over 400 rooms and suites that are designed to provide guests with a world-class experience. The hotel will also feature a rooftop pool, spa, and fitness center, as well as stunning views of the city skyline.
The retail component of the development will include a mix of national and local brands, offering shoppers a diverse selection of options. From high-end boutiques to specialty stores, there will be something for everyone to enjoy.
Construction on the project is set to begin later this year, with the first phase expected to be completed within the next three years. The Cordish Companies has already started working closely with local officials to ensure that the development is in compliance with all zoning regulations and environmental standards.
Overall, the Cordish Companies’ $1.4 billion mixed-use casino development promises to be a game-changer for South Philadelphia. With its world-class amenities and prime waterfront location, the project is sure to attract visitors from near and far, cementing the city’s reputation as a top destination for entertainment and leisure.