Excavation Nearly Complete On Foundation Of 2222 Market Street in Center City

Foundation excavation is nearly complete at 2222 Market Street, where a 20-story structure will soon rise. Designed by Gensler and developed by Parkway Commercial Properties, the glass clad building with stone highlights will replace a 21,000-square-foot parking lot. The 329,100-square-foot building will stand around 300 feet tall, adding a substantial amount of floor space to Center City West.

2222 Market Street looking south. Photo by Thomas Koloski

2222 Market Street looking southeast. Photo by Thomas Koloski

2222 Market Street looking northeast. Photo by Thomas Koloski

In our November update, parts of the lot still sat at the street level, with machines scattered around the site. By the December update, the soil was excavated below the ground level, with a ramp running up to North 23rd Street.

2222 Market Street excavation. Photo by Thomas Koloski

2222 Market Street excavation looking east. Photo by Thomas Koloski

YIMBY’s recent site visit revealed that significant progress was made on the excavation, which is nearly finished at this point as it is excavated roughly 30 feet deep. In the next few months, the foundation will likely be completed and rebar, the foundation walls, and matt slab will mark the beginning of construction. It is confirmed that a tower crane will be erected in two weeks.

2222 Market Street excavation looking northeast. Photo by Thomas Koloski

2222 Market Street excavation looking northwest. Photo by Thomas Koloski

Completion is anticipated in August 2022.

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