Developer and parking lot operator Parkway Corporation seeks to redevelop a 9,357-square-foot parking lot at 804 Sansom Street in Market East, Center City. It appears that there is no active proposal currently slated for the site, as no permits have been filed and the property is listed in the developer’s “opportunities” section, meaning that Parkway is likely looking for an anchor tenant and/or a development partner. Situated on a mid-block site on the south side of the block between South 8th and South 9th streets, the lot is advertised as capable of supporting a 112,284-square-foot building with a floor-to-area ratio of 12:1, or an 187,140-square-foot building under an FAR of 1:20. The latter version would easily allow for a building rising 30 or even 40 or so stories, which would make the building one of the tallest east of City Hall.
The site is centrally situated a block to the northwest of Washington Square Park and two blocks south of Market Street, where the 8th Street Station on the Market-Frankford Line and the Jefferson Station of Regional Rail (formerly known as Market East Station) offer convenient transit access across the city and the region.
The lot is sited in the vicinity of the Jefferson Health campus, which features a still-growing number of facilities throughout the neighborhood. A number of recently proposed developments saw height reductions because of their proximity to the hospital’s helipad. However, such reductions were generally limited to a small portion of the area and may not extend as far at the site at 804 Sansom Street, as indicated by the 498-foot-tall St. James residential tower that stands half a block to the southeast.
We hope to see a proposal announcement for this promising site in the near future.
Subscribe to YIMBY’s daily e-mail
Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews
Good luck!
another fantasy bites the dust