Cladding rises nearly halfway up on the newest office tower in Philadelphia, which is currently under construction at 2222 Market Street in Center City West. The building rises 295 feet and 20 stories tall, situated in an area that will soon become a new development hub, near the Schuylkill River. The project was designed by Gensler, which is also behind several other new projects in the vicinity, and developed by Parkway Commercial Properties, which owns several parking lots around the city which it redevelops when the opportunity arises. The tower at 2222 Market Street is slated to become the new headquarters for law firm Morgan, Lewis, Bockius LLP.
Developer and parking operator Parkway Corporation seeks to redevelop a 3,000-square-foot property at 1821 Chestnut Street in Rittenhouse Square, Center City. Although Parkway Corporation specializes in operating parking lots and holding them as land banks for future development, in this instance the property is a single-story retail building (curiously, the property sits next to a parking lot, which does not appear to be affiliated with Parkway Corporation). The existing structure sits on narrow through-block lot that stretches from Chestnut Street to the south to alley-like Ranstead Street to the north. According to the developer, the lot is zoned CMX-5 for mixed-use development and can accommodate 36,000 square feet at a floor-area-ratio of 12:1, or 60,000 feet at an FAR of 20:1. Since the property is listed at Parkway Corporation’s “opportunities” page and no permits have been filed for the site, it appears that Parkway is seeking a partner and/or an anchor tenant prior to commencing development at the site.
A recent site visit by Philadelphia YIMBY revealed that residential conversion work appears to be complete at The Terrace on 18th at 1776 Benjamin Franklin Parkway in Logan Square, Center City. The 267-foot-tall, 27-story high-rise was built in 1964 and previously known as Embassy Suites Philadelphia Center City. The development was gradually overhauled over the course of the past year from hotel into a 288-unit rental apartment building, and upon our site visit the development appeared as complete, with no visible of signs of construction remaining. The Pearl Properties website indicates that the building is currently available for lease.
A high-rise development located at 2012 Chestnut Street in Rittenhouse Square, Center City, is going to the Civic Design Review. Designed by JKRP Architects, the building will stand 14 stories tall, a significant height, although likely not notable enough to make for a notable skyline addition. The ground floor will hold 3,200 square feet of commercial space, adding a sizable retail addition to Chestnut. Above, there will be 156 residential units, down from the original 162. A roof deck will be situated at the top of the structure.
Philadelphia YIMBY’s recent site visit revealed no signs of demolition nor construction work at 2012 Chestnut Street in Rittenhouse Square, Center City, the site of a proposed 14-story residential tower. Designed by JKRP Architects and developed by the Philadelphia Housing Authority (also the owner) and Alterra Property Group, the building, also known under its full address of 2012-14 Chestnut Street, will feature 162 residential units, of which 130 would run at market rate and another 32 would be classified as “workhouse housing.” The plan also includes around 4,500 square feet of retail space on the ground floor.