Center City

1443-49 Cherry Street. Credit: Parkway Corporation

Parking Lot Awaits Possible Million-Square-Foot Development at 1443-49 Cherry Street in Logan Square, Center City

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.

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26-30 South 21st Street. Credit: Parkway Corporation

Parking Lot Awaits Development at 26-30 South 21st Street in Center City West

Parkway Corporation, the proprietor of multiple parking lots and other real estate in Center City and beyond, seeks to redevelop a parking lot, likely in conjunction with a partner, at 26-30 South 21st Street in Center City West. The 26,127-square-foot, L-shaped site is bounded by 21st Street to the east, Van Pelt Street to the west, and Ludlow Street to the north. According to Parkway documentation, the site is situated within a CMX-4 mixed-use district and can accommodate 130,635 square feet of built space at a floor-to-area ratio of 5:1, or 313,524 square feet of space at an FAR of 12:1. With the right design, and height limits notwithstanding, the site may accommodate a development rising around 30 or so stories.

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20th + Arch at 2000-24 Arch Street. Credit: L2P

Progress Still Stalled at 20th + Arch, 15-Story Office Tower Planned at 2000-24 Arch Street in Center City West

The 28th place on Philadelphia YIMBY’s December 2021 Development Countdown goes to 20th + Arch, a 260-foot-tall, 15-story office tower planned at 2000-24 Arch Street (also known as 2020-2024 Arch Street) in Center City West. Designed by L2P and developed by the Parkway Corporation (alternately Parkway Commercial Properties), the building would replace a parking lot that spans the eastern part of the block between North 20th and North 21st streets. And though we have first reported on the tower over a year ago, no permits have yet been filed for the development and our recent site visit revealed no demolition nor construction activity at the still-operational parking lot.

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Riverwalk. Credit: PMC Property Group

Facade Nearly Finished at Riverwalk South at 60 North 23rd Street in Center City West

Facade work is nearly finished at Riverwalk South, a skyscraper that is under construction at 60 North 23rd Street in Center City West. The main portion of the structure is currently topped out at 32 stories, and the building will soon reach its full height of 362 feet. Designed by Gensler and developed by the PMC Property Group, the building, which stands next to the Schuylkill River, is part of the two-towered Riverwalk complex. The development is part of a new hub of high-rise buildings that will soon form a cluster along Market Street and near the river, with most projects featuring residential programming. The two new towers symbolize the new high-rise growth that is destined to dominate the area in the near future.

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2222 Market Street. Credit: Gensler

Remote Work-Friendly Features Announced for 2222 Market Street in Center City West

A set of new remote work-friendly features has recently been revealed at 2222 Market Street, a 295-foot-tall, 19-story office building under construction in Center City West. Designed by Gensler and developed by the Parkway Corporation (alternately Parkway Commercial Properties), with IMC Construction as the contractor, the building will offer 329,100 square feet of tenant floor area, with 324,826 square feet of Class A office space and 4,274 square feet of retail. Parking for 47 vehicles will be available in an underground garage. The development was built to spec for Morgan Lewis, a major law firm that will use the building as its new headquarters.

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