Developer and parking operator Parkway Corporation is looking for opportunities to redevelop a pair of parking lots spanning nearly two entire city blocks at 1222 Vine Street in Chinatown, Center City, just north of the Convention Center. Parkway is notable for holding and operating parking lots throughout the city and beyond and, when a favorable opportunity arises, redeveloping them, whether on their own or with a partner. The case at 1222 Vine Street appears to be the latter, as the site is listed on Parkway’s “opportunities” page. Although specifics vary even depending on Parkway’s own material, the combined site spans somewhere between 52,728 to 62,840 square feet and, under its CMX-4 zoning, may by right yield well over 600,000 square feet of development space it built to a floor-area-ratio of 12 to 1.
Convention Center District
Philadelphia YIMBY’s recent site visit has revealed that construction is nearly complete at the four-story, six-unit residential building at 214 North 12th Street in the western section of Center City’s Chinatown, in an area alternately known as the Convention Center District. The development replaces an attractive Colonial-style townhouse. According to filings, the new structure spans 5,190 square feet, leading to an average of around 850 square feet per unit, and features full sprinkling. Permits list Kaing Estate LLC as the owner and Liu Construction LLC as the contractor. Construction costs are specified at $200,000.
Construction is underway at the six-story, 19-unit multi-family building at 225-27 North 12th Street in Chinatown, Center City. Designed by Coscia Moos Architecture and developed by R+M Development Partners, the project will feature 16,363 square feet of interior space. the development will offer seven bicycle spaces as well as six off-site parking spaces, with one set to be van accessible. Tester Construction Group is the contractor. Project costs are listed at cost $2.9 million.
Developer Parkway Corporation is seeking to redevelop a block-spanning, 53,568-square-foot parking lot at 1443-49 Cherry Street in Logan Square, Center City. The developer’s “opportunities” page states that the site is currently available for development and can support 642,816 square feet of buildable space at a floor-to-area ratio of 12:1, or whopping 1,071,360 square feet at an FAR of 20. Discounting any potentially applicable height limits, the site is theoretically capable of housing a skyscraper that rises well over 50 stories, a podium with ample retail space, and still have enough leftover room for a public plaza and/or promenade.
The steel frame has risen two levels high at the seven-story, 18-unit mixed-use building under construction at 222 North 11th Street in Chinatown, Center City. The development is situated on the west side of the block between Race and Vine streets, half a block north of the Convention Center (thus situating the project within the Convention Center District). Permits list Liu Construction Inc. as the contractor.