Per a story from Inquirer.com, Parkway has decided to sell the property to Alterra Property Group, and Alterra is taking a very different approach to the site. Instead of two separate buildings, they will build a single structure that rises seven stories. The building will contain a sizable retail space on the first floor, for which Alterra is targeting a supermarket, and we imagine that people in the area would welcome such an amenity. In the six stories above the potential market, we’d expect 498 apartments, though the Inquirer story indicated that some of those units might get switched out in favor of office space. If you have concerns about parking, rest assured, two levels of underground parking garage with 283 spots should satisfy any parking needs associated with the building. Here are some renderings from JKRP Architects, thanks to the Civic Design Review packet for the project.