Development opportunity

804 Sansom Street. Looking north. Credit: Parkway Corporation

High-Rise Development Likely at Nearly 10,000-Square-Foot Lot at 804 Sansom Street in Market East, Center City

7:30 am on December 19, 2021 By Vitali Ogorodnikov

Developer and parking lot operator Parkway Corporation seeks to redevelop a 9,357-square-foot parking lot at 804 Sansom Street in Market East, Center City. It appears that there is no active proposal currently slated for the site, as no permits have been filed and the property is listed in the developer’s “opportunities” section, meaning that Parkway is likely looking for an anchor tenant and/or a development partner. Situated on a mid-block site on the south side of the block between South 8th and South 9th streets, the lot is advertised as capable of supporting a 112,284-square-foot building with a floor-to-area ratio of 12:1, or an 187,140-square-foot building under an FAR of 1:20. The latter version would easily allow for a building rising 30 or even 40 or so stories, which would make the building one of the tallest east of City Hall.

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735 Arch Street. Credit: Parkway Corporation

Parking Lot Available for Nearly 200,000-Square-Foot Development at 735 Arch Street in Market East, Center City

7:30 am on December 11, 2021 By Vitali Ogorodnikov

Developer Parkway Corporation is looking to redevelop a 39,564-square-foot parking lot at 735 Arch Street in Market East, Center City, into a building that may yield 197,820 square feet with a floor-to-area ratio of 5:1. No permits have been filed for the site nor have any specific proposals, if they exist, been revealed to the public. It appears that Parkway is currently seeking a development partner or anchor tenant, given that the parcel is listed in its “opportunities” section. The lot is situated within a Federal Opportunity Zone, an economic development program that encourages investment in specially designated “distressed areas” by providing major tax incentives to developers.

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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

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

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

7:00 am on December 6, 2021 By Vitali Ogorodnikov

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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