Development opportunity

1222 Vine Street aka 1127 Race Street. Credit: Parkway Corporation

Potential Development Site Sits Dormant at 1222 Vine Street in Chinatown, Center City

7:00 am on February 11, 2024 By Vitali Ogorodnikov

A recent site visit by Philadelphia YIMBY has noted no signs of new development at 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, held by the Parkway Corporation as a potential development site. 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. 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.

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1821 Chestnut Street. Looking north. Credit: Google Maps

Parkway Corporation Seeks to Build Up To 60,000 Square Feet at 1821 Chestnut Street in Rittenhouse Square, Center City

7:30 am on January 27, 2022 By Vitali Ogorodnikov

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.

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1222 Vine Street aka 1127 Race Street. Credit: Parkway Corporation

Parkway Corporation Seeks to Redevelop Two-Block Parking Lot at 1222 Vine Street in Chinatown, Center City

7:30 am on January 17, 2022 By Vitali Ogorodnikov

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.

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219 South 13th Street. Credit: Parkway Corporation

Parkway Corporation Seeks to Build Over 180,000 Square Feet at 219 South 13th Street in Midtown Village, Center City

7:30 am on January 8, 2022 By Vitali Ogorodnikov

Parking operator and developer Parkway Corporation is looking for opportunities to redevelop a 9,020-square-foot parking lot at 219 South 13th Street in Midtown Village, Center City. The site spans nearly half of a small city block and is bound by South 13th Street to the west, Locust Street to the south, and narrow, cobblestone-paved St. James Street to the north. The site sits under CMX-5 zoning and, according to Parkway, can support up to 108,240 square feet under a floor-to-area ratio of 12 or up to 180,400 square feet at an FAR of 20:1, which may potentially yield a building rising around 25 to 30 or so stories. No development plans are currently known nor have any permits been filed, and it appears that Parkway Corporation is seeking development partners or an anchor tenant for the venture, as it does with a number of other parking lots situated throughout the city.

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19-27 South 8th Street. Credit: Parkway Corporation

Development Pending at Nearly 15,000-Square-Foot Lot at 19-27 South 8th Street in Market East, Center City

7:00 am on December 24, 2021 By Vitali Ogorodnikov

Developer and parking lot operator Parkway Corporation is currently looking for opportunities to redevelop a 14,495-square-foot parking lot at 19-27 South 8th Street in Market East, Center City. There appear to be no active proposal currently planned for the site, as no permits have been filed and the property is listed in the developer’s “opportunities” section. As with many of Parkway’s other parking lots, it appears that the operator/developer is looking for an anchor tenant and/or a development partner. Under the current zoning, the site may accommodate a high-rise proposal standing 30 stories or taller

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