It will be unlikely to see much capping of 95 around that side since the 95 is at the roof height of the surrounding neighborhood, but they did a bunch of rennovations under the 95 which is technically a "walking trail". I've walked it dozens of times since it finished a few months ago and its actually pretty nice during the day, but at night time its pretty uncomfortable and doesn't feel safe (although there is a lot of lighting which is a major enhancement). Right across the street there is a construction material warehouse that is up for sale (according to the sign above it) and directly behind it is the entire Northbank Phase 1 construction site (nearly complete) which just started up phase 2. Once phase 2 completes and the streets are paved, the Delaware River Trail from Penn Treaty via Dyott St (the road full of potholes immediately north of Penn Treaty) into Northbank and directly onto Graffitti Pier's trail (which is planned to be a managed park).

If you haven't been back in Northbank, go take a walk and see how much has changed. The entire phase 1 waterfront section is publicly accessible and has a great view. It's shaping up really nice

Don't call the secret little pocket neighborhood a wasteland - they're over there enjoying relatively easy parking and going to Murph's for italian food