Philly YIMBY recently visited the site of a long-stalled proposal for an office tower at 1301 Market Street in Market East, Center City, half a block to the east of City Hall. Designed by Skidmore, Owings & Merrill and developed by the Oliver Tyrone Pulver Corporation, the building will yield over 700,000 square feet, with floor plates at the lower levels measuring over 25,000 square feet and those at the upper floors at over 17,000 square feet.
1301 Market Street will represent a significant expansion of the business core, both at the skyline level and in terms of square footage, to the east of City Hall, as the majority of office skyscrapers are currently located in the western section of Center City. Features such as floor-to-ceiling windows and landscaped outdoor terraces will provide a major attraction to office tenants, as few to none of the commercial structures in the immediate vicinity offer similar perks.
The developer maintains an active website advertising the proposal, which focuses on features such as its nigh-unparalleled transit accessibility (the City Hall Station on the Broad Street Line, the 15th Street Station on the Market-Frankford Line, and the 13th Street trolley station all sit directly next door, and the Jefferson Station of the regional rail is located two blocks to the east). However, no permits have yet been filed, and, as expected, our site visit revealed no construction activity, with the parking lot still operating at the site.