While the Market East district of Center City is seeing a surge in high-rise proposals, development is also taking place on smaller properties around the neighborhood. At 1208 Chestnut Street, a nine-story building will replace the Rainbow Apparel building that has sat empty for years. Michael Alhadad is the developer behind the 49 unit-structure, which will reach a height of 122 feet. The building will be very thin but the thinnest faces of the building will stretch out from Chestnut Street to Sansom Street.
Jefferson Health has long served as a major catalyst for development in the Market East and Washington Square West neighborhoods in Center City. The medical services provider plans to expand at 1020 Walnut Street with a new 170-foot-tall, 12-story structure designed by Payette, The 220,000-square-foot facility will be called the Jefferson University Caroline Kimmel Biomedical Research Building, after Sidney and Caroline Kimmel in recognition of their due to the $70 million donation.
The Market East neighborhood is notable for its large number of hotels, and another one will soon join their ranks. At 122 South 11th Street, the Estia Group is proposing the Blue Ivy Hotel, which would stand exactly 200 feet and contain 86 rooms. The building, designed by DAS architects, will sit across the street from Jefferson University Hospital Emergency at 111 South 11th Street.
When 417-foot-tall, 32-story office tower at 1101 Market Street went up in Market East in 1984, it left a dramatic impact on the skyline, becoming one of Center City’s tallest buildings east of City Hall. The high-rise, developed by The Girard Estate and designed by BLT Architects, was once called One Reading Center, yet it is better known by its more recent name: Aramark Tower. In 2018, Aramark moved out of the building and relocated to the it new headquarters at 2400 Market Street. However, 1101 Market Street’s large office floors and sweeping all-direction views made it easy to attract a new anchor tenant, and Jefferson Health has now moved in, leasing 14 floors, renaming the building Jefferson Center, and installing its logo on the building pinnacle.
For well over a decade, a parking lot at 1301 Market Street spanned much of the block located just east of City Hall. However, in the near future the lot will make way for a 460-foot, 32-story office tower designed by Skidmore, Owings and Merrill, which will feature massive floor plates. As one of the tallest buildings east of City Hall, the centrally-located tower will make a dramatic impact on the skyline and join the ever-growing list of developments that are transforming Market East, such as Read More