Market East

First scheme of the PSFS Building. Image via George Howe

YIMBY Presents Massing Renderings of the First PSFS Building Design

7:30 am on August 2, 2021 By Thomas Koloski

In the 1920s, banks were looking for space in cities around the country as the economy boomed. In Philadelphia, multiple high-rises were under construction and in proposal stages as Center City was rapidly transforming. One of these financial institutions, the Philadelphia Savings Fund Society, was scouting the city for space for a new office building and eventually selected the site at 1200 Market Street, where the William Penn Charter School once stood. Architects George Howe and William Lescaze designed the PSFS Building, which stood as one of the most massive buildings in the skyline for decades. In this feature, Philadelphia YIMBY presents massing renderings of an early iteration of the that was drawn up in 1928.

Looking Back at Early Iterations of the PSFS Building

8:00 am on July 27, 2021 By Thomas Koloski

Earlier this year, Philadelphia YIMBY ran two features (one introductory and another covering construction) on the iconic PSFS Building at 1200 Market Street in Market East, Center City. The sizable high-rise, developed for the Philadelphia Savings Fund Society, was a modern marvel at the time it was built, and to this day it still makes an impression with its height and history. The 36-story building stands 491 feet tall, with the antenna bringing the total height to 792 feet. The tower was designed by George Howe and William Edmond Lescaze, who made a few iterations of the design before arriving at a version that became one of the first major International-style skyscrapers.

PSFS Building. Image from Hagley Digital Archives

A Look Back at the Construction Of The PSFS Building at 1200 Market Street in Market East, Center City

8:00 am on July 15, 2021 By Thomas Koloski

In the early 1900s, skyscrapers of ever-increasing heights began to rise all over the world, including in Philadelphia. By the late 1920s, the Philadelphia Savings and Fund Society was looking for extra space in the city and was looking to construct a new building for their needs. The PSFS selected architects George Howe and William Edmond Lescaze to design a skyscraper that would stand at 1200 Market Street. Upon its completion in 1932, the PSFS Building not only dominated the skyline with its height of 491 feet and 36 stories, but was also notable as one of the first major International-style skyscrapers in the world.

East Market Phase 3. Credit: National Real Estate Development / Ennead Architects / Morris Adjmi / BLTa via CDR

Foundation Underway at the Site of Formerly Planned Residential Tower at 1153 Chestnut Street in Market East, Center City

7:30 am on June 27, 2021 By Thomas Koloski

Foundation work is underway for a residential building that was formerly planned at 1153 Chestnut Street in Market East, Center City, as part of the East Market Phase 3 development. Developed by National Real Estate Development, the project is the latest phase of the East Market complex. The work is in progress on the west side of the project, where three stories of underground parking, capped with a public space, are currently planned, though the space may be replaced with a high-rise building in the future. The previous plan, designed by Morris Adjmi Architects, was proposed to stand at 329 feet and 24 stories tall, with an interesting terra cotta cladding.

Thomas Jefferson Specialty Care Pavilion rendering. Image via Jefferson Health

Basement Floors Of Thomas Jefferson Specialty Care Pavilion Underway at 1101 Chestnut Street in Market East, Center City

7:00 am on June 23, 2021 By Thomas Koloski

The lower basement floors are currently under construction at the Thomas Jefferson Specialty Care Pavilion at 1101 Chestnut Street in the Market East neighborhood of Center City. The skyscraper is a part of project dubbed East Market Phase 3, which will elevate the profile of a city block that was previously occupied by a prewar parking structure. Designed by Ennead Architects and Stantec and developed by the National Real Estate Development, the building will stand 372 feet and 23 stories tall and will feature a curvy glass façade.

Jefferson Health Specialty Care Pavilion at East Market Phase 3. Credit: National Real Estate Development

An Overview of the Latest Plan for East Market Phase 3 in Market East, Center City

7:30 am on June 20, 2021 By Vitali Ogorodnikov

Over the course of the past year, Philadelphia YIMBY has provided continuous updates on East Market Phase 3 at 1101-53 Chestnut Street, the latest addition to the East Market development that has transformed the Market East neighborhood in Center City over the past few years. But even as construction work kicked into high gear, plans for the development continued to evolve. Earlier this year, we published an extensive review of the development’s original iteration. Developed by National Real Estate Development, it consisted of the 364-foot-tall Jefferson Health Specialty Care Pavilion at 1101 Chestnut Street, and a smaller, 288-foot-tall residential tower planned to the west. Today we look at the plan’s latest version, which updates the design for the medical tower and puts the residential component on hold, replacing it with a public plaza for the time being.

Permits Issued for the Thomas Jefferson Specialty Care Pavilion, Part of East Market Phase 3, at 1101-53 Chestnut Street in Market East, Center City

8:00 am on June 7, 2021 By Vitali Ogorodnikov

Permits have been issued for the construction of the Thomas Jefferson Specialty Care Pavilion at 1101-53 Chestnut Street in Market East, Center City. Developed by National Real Estate Development, the structure will rise 364 feet and 23 stories tall, becoming the tallest addition to the neighborhood in more than three decades. The interior will hold 750,000 square feet of space, most of which will be allocated for medical use by Jefferson Health. The structure is part of the two-tower East Market Phase 3 complex, which is the latest extension to the multi-block East Market development. Philly YIMBY covered the project in extensive detail in a recent feature article.

Permits Issued for Parking Garage at East Market Phase 3 in Market East, Center City

7:00 am on May 20, 2021 By Colin LeStourgeon

Permits have been issued for the parking garage at 1101-53 Chestnut Street, part of the East Market Phase 3 development in Market East, Center City. The garage will be situated underground beneath the two future towers with three levels of underground parking and 300 parking spaces, which will be shared between the two superstructures. t will include 37 compact parking spots with 15 spaces for preferential parking, as well as 15 electric vehicle spaces with chargers and eight ADA spaces, where two will be van-accessible. The garage will total 156,456 square feet and cost an estimated $42,357,933 to construct.

In-Depth Look at East Market Phase 3, a Two-Tower Complex Underway at 1101-53 Chestnut Street in Market East, Center City

8:00 am on April 28, 2021 By Vitali Ogorodnikov

In the late 1980s, in rapid succession, a series of skyscrapers broke through the long-held “Gentlemen’s Agreement” that unofficially restricted Philadelphia’s buildings from rising above the 548-foot-tall pinnacle of City Hall, creating the now-iconic skyline of Center City. While the skyscraper cluster transformed the area to the west of City Hall, the Market East district to the east continues to lag behind in terms of an imposing skyline. However, East Market Phase 3, developed by National Real Estate Development as part of the East Market complex and currently under construction at 1101-53 Chestnut Street, will boost the local skyline with a pair of towers rising 364 and 288 feet tall. The buildings will bring one million square feet of medical office, residential, and retail space to the neighborhood, and add a sizable public plaza. Today we take a detailed look at the transformative project.

Second Crane Erected at East Market Phase 3 Site in Market East, Center City

8:00 am on April 11, 2021 By Thomas Koloski

A second tower crane has been erected at East Market Phase 3, the two-tower project under construction at 1101 Chestnut Street and 1153 Chestnut Street in Market East, Center City, two blocks to the south of Reading Terminal Market. The 372-foot Thomas Jefferson Specialty Care Pavilion was designed by Ennead Architects and Stantec, and the 329-foot residential tower to the east is designed by Morris Adjmi Architects. The Jefferson building will have a wavy glass exterior, while the other tower will be clad with glass and orange terracotta with rounded edges. National Real Estate Group is the developer for the project.

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