The Delaware River Waterfront Corporation (DRWC)

About The Delaware River Waterfront Corporation (DRWC)

The Delaware River Waterfront Corporation (DRWC) is a real estate operator headquartered in Philadelphia, PA. The Delaware River Waterfront Corporation (DRWC) operates in Philadelphia-Camden-Wilmington, Pennsylvania-Delaware. Its investment focus is on Hospitality and Placemaking.

The Delaware River Waterfront Corporation (DRWC) is a Philadelphia nonprofit created in January 2009 to plan, build, and manage redevelopment along the Central Delaware waterfront. Its master plan covers the stretch between Port Richmond and Pennsport, building on a public planning process that began in 2009 and drew input from nearly 4,000 Philadelphians. DRWC focuses on public-realm and mixed-use waterfront development, including parks, trails, civic spaces, event venues, and sites intended to support residential, commercial, and maritime uses. The organization has delivered at least 7 public parks under the master plan, operates assets such as Cherry Street Pier, and is advancing Penn’s Landing, which includes an 11.5-acre park and related waterfront improvements. Its scale is district-level rather than building-specific, with work centered on long-term redevelopment of Philadelphia’s riverfront. A 2023 impact report said DRWC had already helped drive more than $700 million in investment, with plans for another $500 million by 2032.

Principals at The Delaware River Waterfront Corporation (DRWC)