Foundation work is underway for a residential building that was formerly planned at 1153 Chestnut Street in Market East, Center City, as part of the East Market Phase 3 development. Developed by National Real Estate Development, the project is the latest phase of the East Market complex. The work is in progress on the west side of the project, where three stories of underground parking, capped with a public space, are currently planned, though the space may be replaced with a high-rise building in the future. The previous plan, designed by Morris Adjmi Architects, was proposed to stand at 329 feet and 24 stories tall, with an interesting terra cotta cladding.
By the time of the last update, two massive red tower cranes were erected at the site. Both cranes make a big impact, as they pop out and can be seen from multiple areas and perspectives in Center City. The site for both buildings was excavated in the fall of 2020, and the mat for the structures was laid out in March of this year. The concrete was poured in April, and since then the basement levels for the two structures have been under construction for the past few months.
The concrete work for the foundations is also underway, with the floors catching up to ground level. So far, two basement levels have been constructed over the may as another floor is underway. Progress at the site of the on-hold residential tower is slightly slower as the concrete work works its way from the east side to west side of the site. At the pace of the construction, it appears that the building may reach street level by August. National Real Estate Group has conveyed the site to the ownership of Jefferson Health, which is constructing the Jefferson Health Specialty Care Pavilion at the east side of the site at 1101 Chestnut Street, but hopefully a tower will eventually rise after the construction of the medical building.
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Thanks for the update on this development. 🙂