One Meridian Plaza was a 492-foot-tall, 38-story skyscraper that used to stand on the current site of the Residences at Ritz Carlton and the W/Element Hotel at 1416 South Penn Square in Center City, across from City Hall. The building began construction in 1968 and opened in 1972, just after the construction of the 1980’s skyscraper boom. Designed by Vincent and Kling and Associates and developed by Girard Bank and Fidelity Mutual Life Insurance, the tower was extensively damaged by a fatal fire in 1991 and demolished in 1999.
Permits have been issued for the construction of a four-story, 18-unit residential structure at 1731 Washington Avenue in Graduate Hospital, South Philadelphia. The building will will also include 24 parking spaces, 20 of which are set to be mechanical, a retail space set to be occupied by a restaurant, and a roof deck that will offer sweeping views of the Philadelphia skyline. The development will hold 36,336 square feet of space and cost an estimated $3,633,600 to build.
Construction is moving along North Liberty Triangle at 1102-48 North 2nd Street, yet another residential development in progress in Northern Liberties, North Philadelphia. Developed by Streamline Development, the six-story structure will feature 84 residential units for the residential space as well as retail, a gym, and underground parking for future residents.
Construction is progressing rapidly at the seven-story building at 701 South Broad Street in Hawthorne, South Philadelphia. A total of 50 residential units will be situated on the floors above, as well as four “hotel rooms,” which will likely be short-term apartment rental units. The building will include a retail space on the ground floor. YIMBY first discussed the development last November, sharing the project’s rendering. Since then, significant progress has been observed at the site.
Construction is underway at Bloc24, a mixed-use building located at 613 South 24th Street in Graduate Hospital, South Philadelphia. The development will stand five stories tall and can be built by right due to the proposed supermarket at the ground floor. Eight residential units are proposed on the floors above, each set to be market-rate.