Over the course of the past year, Philadelphia YIMBY has provided continuous updates on East Market Phase 3 at 1101-53 Chestnut Street, the latest addition to the East Market development that has transformed the Market East neighborhood in Center City over the past few years. But even as construction work kicked into high gear, plans for the development continued to evolve. Earlier this year, we published an extensive review of the development’s original iteration. Developed by National Real Estate Development, it consisted of the 364-foot-tall Jefferson Health Specialty Care Pavilion at 1101 Chestnut Street, and a smaller, 288-foot-tall residential tower planned to the west. Today we look at the plan’s latest version, which updates the design for the medical tower and puts the residential component on hold, replacing it with a public plaza for the time being.
1101-53 Chestnut Street
Permits have been issued for the construction of the Thomas Jefferson Specialty Care Pavilion at 1101-53 Chestnut Street in Market East, Center City. Developed by National Real Estate Development, the structure will rise 364 feet and 23 stories tall, becoming the tallest addition to the neighborhood in more than three decades. The interior will hold 750,000 square feet of space, most of which will be allocated for medical use by Jefferson Health. The structure is part of the two-tower East Market Phase 3 complex, which is the latest extension to the multi-block East Market development. Philly YIMBY covered the project in extensive detail in a recent feature article.
Permits have been issued for the parking garage at 1101-53 Chestnut Street, part of the East Market Phase 3 development in Market East, Center City. The garage will be situated underground beneath the two future towers with three levels of underground parking and 300 parking spaces, which will be shared between the two superstructures. t will include 37 compact parking spots with 15 spaces for preferential parking, as well as 15 electric vehicle spaces with chargers and eight ADA spaces, where two will be van-accessible. The garage will total 156,456 square feet and cost an estimated $42,357,933 to construct.
In the late 1980s, in rapid succession, a series of skyscrapers broke through the long-held “Gentlemen’s Agreement” that unofficially restricted Philadelphia’s buildings from rising above the 548-foot-tall pinnacle of City Hall, creating the now-iconic skyline of Center City. While the skyscraper cluster transformed the area to the west of City Hall, the Market East district to the east continues to lag behind in terms of an imposing skyline. However, East Market Phase 3, developed by National Real Estate Development as part of the East Market complex and currently under construction at 1101-53 Chestnut Street, will boost the local skyline with a pair of towers rising 364 and 288 feet tall. The buildings will bring one million square feet of medical office, residential, and retail space to the neighborhood, and add a sizable public plaza. Today we take a detailed look at the transformative project.