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CENTER CITY PHILADELPHIA DEVELOPMENTS 2014-2018

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A recent report by Central Philadelphia Development Corporation (CPDC) & Center City District (CCD) outlines 61 major projects being developed in downtown Philadelphia categorized under sectors. Here is brief overview of some of them from each sector.

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Page 1: Center city developments 2014 2018

Center City District & Central Philadelphia Development Corporation660 Chestnut StreetPhiladelphia PA, 19106215.440.5500

WWW.CENTERCITYPHILA.ORG

C E N T E R C I T Y PHILADELPHIADEVELOPMENTS

2014-2018

Page 2: Center city developments 2014 2018

INTRODUCTION

DEVELOPMENTS MAP

COMMERCIAL/MIXED-USE

CULTURAL

HEALTHCARE & EDUCATION

GOVERNMENT & NON-PROFIT INSTITUTIONS

HOSPITALITY

RESIDENTIAL

RESIDENTIAL/MIXED-USE

RETAIL

PUBLIC SPACE

ACKNOWLEDGEMENTS

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Page 3: Center city developments 2014 2018

Center City District & Central Philadelphia Development Corporation www.CenterCityPhila.org2 Center City District & Central Philadelphia Development Corporation www.CenterCityPhila.org2

A total of 10 major development projects of various types were completed between Spring Garden and South Streets in 2014; 25 more were under construction as of December 2014, and 26 are proceeding through the approvals process. All 61 developments are categorized by type and are mapped on pages 4-5.

Of the 61 major Center City developments, 30 are residential/mixed-use and another 6 are exclusively residential. The remaining developments include public space (6), cultural (5), hospitality (4), retail (3), government and non-profit institutions (3), commercial/mixed-use (2), and healthcare and education (2) projects.

The $1.2 billion Comcast Innovation & Technology Center, being developed by Liberty Property Trust, is the largest planned project in the city’s history. The new tower at 18th and Arch Streets will add more than 1.3 million square feet of Trophy office space to the downtown, and all of it will be leased by Comcast. The building will also house the new Four Seasons Hotel.

Strong increases in leisure, convention and business travel, have created more demand for additional downtown hotel rooms. Several hotel projects are in the pipeline, including the boutique SLS, Hudson and Kimpton Hotels, and a W Hotel and Element by Westin. Center City is expected to add 1,938 new hotel rooms by 2018, bringing the downtown total to 13,000 rooms, an increase of 97% over pre-Convention Center levels.

Center City’s growing residential population with average household incomes over $100,000 is spurring several large-scale retail projects, such as PREIT’s redevelopment of The Gallery and NREA’s East Market project. More than 2.3 million square feet of retail is expected to be added to Center City in the next few years, with a majority of it east of Broad Street, where there is room to accommodate the larger floor plates that big-box retailers prefer.

In addition to the developments map on pages 4-5, the accompanying report includes full-color renderings and project descriptions of all 61 major developments. The report highlights major projects that were completed in 2014, were under construction, or had been announced as of the end of Q4 2014, from Spring Garden to South Streets. The Center City District collected information on the various projects from published reports and Civic Design Review applications and verified the information with the developers and/or architects of the projects. For the purposes of this publication, all data reflect project status, design, and information available to the public as of the end of Q4 2014. For updates to these and future projects, visit www.CenterCityPhila.org/Developments.

MORE THAN $6.7 BILLION IS BEING INVESTED OR IS PLANNED FOR MAJOR DEVELOPMENTS BETWEEN SPRING GARDEN AND SOUTH STREETS, RIVER TO RIVER, IN CENTER CITY. THIS REPRESENTS A 43% INCREASE OVER LAST YEAR’S SUMMARY AND PROJECTION OF DEVELOPMENT AND INDICATES STRONG INVESTOR AND INSTITUTIONAL CONFIDENCE. THROUGHOUT THE REGION AND ACROSS THE COUNTRY, THERE IS GROWING DEMAND FOR TRANSIT-ORIENTED, MIXED-USE PLACES AND PHILADELPHIA’S WALKABLE, 17TH CENTURY STREET GRID IS BEING SUCCESSFULLY REPURPOSED FOR 21ST CENTURY USES.

Page 4: Center city developments 2014 2018

Center City District & Central Philadelphia Development Corporation www.CenterCityPhila.org 3

MAJOR DEVELOPMENTS IN CENTER CITY BY TYPE & SQUARE FOOTAGE

MAJOR DEVELOPMENTS IN CENTER CITY BY COMPLETION DATE

MAJOR PROJECTS COMPLETED IN 2014 & IN THE PIPELINE

Major Development in Center City by Type and Square Footage

Residential/Mixed-use

9,953,044 SF54%

Retail 1,490,000 SF | 8%

Commercial/Mixed-use 1,961,600 SF | 11%

Cultural 358,147 SF | 2%

Healthcare & Education 759,656 SF | 4%

Hospitality 1,240,207 SF | 7%

Residential 1,120,648 SF | 6%

Public Space 772,962 SF | 4%

Government & Non-profit Institutions 762,000 SF | 4%

Total SF: 18,418,264

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$6.7 billion total investment

6,686 residential units

1,938 hotel rooms

1,961,600 SF of commercial/mixed-use development

2,331,315 SF of new retail space*

Note: Several of the projects included on the map had not yet announced completion dates, development costs, or square footage as of the end of Q4 2014. As a result, these figures are not included in the respective totals.

* The total square footage for new retail includes the total square footage of developments categorized as “retail” projects, as well as any retail square footage in developments categorized as “residential/mixed-use” or “commercial/mixed-use” projects.

Page 5: Center city developments 2014 2018

Center City District & Central Philadelphia Development Corporation www.CenterCityPhila.org4

DEVELOPMENTS

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Source: Developments Database, Center City District

DEVELOPMENTS IN CENTER CITY

Page 6: Center city developments 2014 2018

Center City District & Central Philadelphia Development Corporation www.CenterCityPhila.org 5

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COMMERCIAL/MIXED-USE1. Comcast Innovation & Technology Center2. PPA 8th & Filbert Garage

CULTURAL3. FringeArts4. Kimmel Center Renovation5. Museum of the American Revolution6. Philadelphia Museum of Art Expansion, Phase I7. Nicholas & Athena Karabots Pavilion at The Franklin Institute HEALTHCARE & EDUCATION8. Children’s Hospital of Philadelphia - Schuylkill Avenue, Phase I9. Thomas R. Kline Institute of Trial Advocacy

GOVERNMENT & NON-PROFIT INSTITUTIONS10. Philadelphia Pennsylvania Mormon Temple11. Philadelphia Family Courthouse12. The Free Library of Philadelphia Parkway Central Renovation

HOSPITALITY13. Marriott AC14. W Hotel and Element by Westin15. Hudson Hotel16. Kimpton Hotel

PUBLIC SPACE17. Dilworth Park18. Reading Viaduct, Phase I19. Race Street Connector, Phase II20. John F. Kennedy Plaza/LOVE Park21. Schuylkill Banks Boardwalk22. Penn’s Landing

RETAIL23. 15th & Walnut24. 1501-05 Walnut 25. The Gallery

RESIDENTIAL26. Mural Lofts27. One Riverside28. The Residences at Two Liberty Place29. Museum Towers II30. 500 Walnut31. 410 at Society Hill

RESIDENTIAL/MIXED-USE32. Park Towne Place33. The Sterling34. The Shirt Corner35. Avenir36. The Icon37. AQ Rittenhouse38. 1919 Market39. 1112-1128 Chestnut Street40. Mellon Independence Center (MIC) Tower41. 205 Race Street42. Renaissance Plaza43. Southstar Lofts44. SLS LUX Philadelphia Hotel and Residences45. The Pottery46. Rodin Square47. The Curtis Center48. 1346 Chestnut Street49. 1430 South Street50. East Market, Phase I51. 1700 Chestnut52. Eastern Tower Community Center53. 2400 Market Street54. 1900 Arch55. 1900 Arch Expansion56. One Water Street57. 1401 Spruce Street58. 810 Arch Street59. 1601 Vine Street60. 2400 South61. 1213 Walnut

DEVELOPMENTS

Page 7: Center city developments 2014 2018

Center City District & Central Philadelphia Development Corporation www.CenterCityPhila.org6

COMMERCIAL/MIXED-USE

Developer: Liberty Property Trust & Comcast

Location: 1800 Arch Street

Size: 1,803,000 SF

Hotel Rooms: 222

Start Date: Summer 2014

Completion Date: Q1 2018

Investment: $1.2 Billion

Description: The 59-story Comcast Innovation & Technology Center will be 1,121 feet high and the tallest building in the United States outside of New York City and Chicago. Designed by world-renowned architect Norman Foster, the building will provide office space for Comcast and house the 222-room Four Seasons Hotel. The design will be conducive to an open, collaborative work environment and will seek to foster innovation, research, technology, and discovery, with interiors to be designed by Gensler. The project will add 1,321,921 SF of office space, all of which Comcast will occupy. Comcast plans to add 2,800 new jobs and will be relocating NBC 10 and Telemundo from Bala Cynwyd to Center City. Comcast will control 80% of the joint venture, while Liberty will own the remainder.

Developer: Philadelphia Parking Authority

Location: 801 Filbert Street

Size: 158,600 SF

Start Date: 2013

Completion Date: Summer 2015

Investment: $28 Million

Description: The focus of the project is to turn the 8th & Filbert garage into a gateway between Chinatown and Market Street by improving the streetscape. Designed by Wallace Roberts & Todd (WRT), the project includes equipping the parking garage with new façades, green elements, new interior paint and lights, as well as playful LED lights hanging over 8th Street. The 8th Street retail spaces under the garage will be revamped into a vibrant retail corridor and the now vacant storefronts will be filled. To green the 100% impervious structure, WRT designed rooftop cisterns that will catch water for pressure washing and other garage maintenance. The design will also make use of plant material to capture water, soften the garage’s landscape, cut glare, and provide memory markers for those walking or driving through the garage.

1. COMCAST INNOVATION & TECHNOLOGY CENTER

2. PPA 8TH & FILBERT GARAGE

Page 8: Center city developments 2014 2018

Center City District & Central Philadelphia Development Corporation www.CenterCityPhila.org 7

CULTURAL

Developer: FringeArts

Location: 140 North Christopher Columbus Boulevard

Size: 14,747 SF

Start Date: 2013

Completion Date: August 2014

Investment: $9.3 Million

Description: The 1903 historic former pumping station has been transformed into a year-round center for contemporary performing and visual arts. The 14,747-SF building features a 232-seat theater, rehearsal and creation studio, permanent festival hub, outdoor events plaza, restaurant/bar, and administrative offices.

3. FRINGEARTS

Developer: Kimmel Center

Location: 300 South Broad Street

Size: 4,400 SF

Start Date: April 2012

Completion Date: Spring 2014

Investment: $4.5 Million

Description: A decade after the construction of the $275 million Kimmel Center, the board presented a master plan for improvements. How much of the plan gets completed is contingent on funding, but the renovation is designed to improve amenities. These include remaking the rooftop garden (the $5.7 million remodel was completed in 2012) and adding the SEI Innovation Center and Jose Garces’ restaurant Volver along Spruce Street. The more ambitious parts of the plan, to be implemented in phases as money is raised, include reconfiguring the Broad Street façade, adding a new plaza stage, and replacing two large staircases leading from the entrance to the first tier of Verizon Hall.

4. KIMMEL CENTER RENOVATION - VOLVER AND THE SEI INNOVATION CENTER

Developer: Museum of the American Revolution

Location: Third and Chestnut Streets

Size: 117,000 SF

Start Date: 2014

Completion Date: 2016

Investment: $101 Million

Description: Designed by Robert A.M. Stern Architects, the museum will add another attraction to Philadelphia’s historic district. Philadelphia-based INTECH Construction demolished the old Bicentennial Visitor Center in spring 2014, and construction began in the fall. The development of the building and the museum’s exhibits will generate a one-time economic impact of $135.9 million in direct and indirect spending.

5. MUSEUM OF THE AMERICAN REVOLUTION

Page 9: Center city developments 2014 2018

Center City District & Central Philadelphia Development Corporation www.CenterCityPhila.org8

CULTURAL

Description: Designed by world-renowned architect Frank Gehry, the proposed expansion and renovation of the Philadelphia Museum of Art will add 124,000 SF of interior public space, including 78,000 SF of gallery space throughout the building. Gehry’s design focuses on the transformation of the interior of the Museum through the renovation of Great Stair and Lenfest Halls, as well as major improvements to how visitors enter and move through the building. Other changes include renovation of the auditorium and the addition of a 640-foot-long vaulted corridor that runs the length of the central building. Given the Museum’s prominence as a Philadelphia landmark, Gehry Partners and OLIN have proposed minimal alterations to the exterior of the building. These include redesign of the plaza in front of the western entrance, landscaping of an area now used for parking, and integration of skylights and sunken gardens into the east terrace to bring natural light into the new galleries. Development plans are modular and will unfold in at least two phases. This will allow for pieces of the project to be built at different times as funding becomes available. The projected cost of Phase I of the $350 million project is estimated at $150 million – $160 million and will take up to five years to complete.

6. PHILADELPHIA MUSEUM OF ART EXPANSION, PHASE I

Developer: The Franklin Institute

Location: 222 North 20th Street

Size: 53,000 SF

Start Date: April 2012

Completion Date: June 2014

Investment: $41 Million

Description: Adjacent to the Benjamin Franklin National Memorial, the pavilion houses an expanded education center, state-of-the-art exhibit on the human brain, and an upgraded and expanded gallery for traveling exhibitions. The exterior of the building incorporates modern features, such as extensive landscaping that mitigates stormwater drainage and a 3,000-SF kinetic “shimmer wall” by renowned artist Ned Kahn that moves with the wind and reflects the sky. Underneath the shimmer wall is a new terrace with seating and rain gardens. The addition was designed by Philadelphia-based SaylorGregg Architects.

7. NICHOLAS & ATHENA KARABOTS PAVILION AT THE FRANKLIN INSTITUTE

Developer: Philadelphia Museum of Art

Location: 2600 Benjamin Franklin Parkway

Size: 169,000 SF

Start Date: TBD

Completion Date: TBD

Investment: $150 Million-$160 Million

Page 10: Center city developments 2014 2018

Center City District & Central Philadelphia Development Corporation www.CenterCityPhila.org 9

HEALTHCARE & EDUCATION

Developer: Children’s Hospital of Philadelphia

Location: 2716 South Street

Size: 735,656 SF

Start Date: Summer 2014

Completion Date: Spring 2017

Investment: $250 Million to $500 Million (media estimates)

Description: As the first phase of a four-phase Master Plan, the project includes the construction of a new, 23-story Class A office tower to be used by the Children’s Hospital of Philadelphia (CHOP) for clinical research and administrative programs. The tower will house a research staff of 1,000 and include utilities, infrastructure, structured parking, and loading. Phase I will also include surface parking and several public realm spaces (South Street Plaza, Bainbridge Place, and Schuylkill Green), while allowing for a future connection to the Schuylkill River Trail. CHOP is negotiating with CSX for a promenade over the tracks and a bridge to Schuylkill Banks.

8. CHILDREN’S HOSPITAL OF PHILADELPHIA - SCHUYLKILL AVENUE, PHASE I

Developer: Drexel University

Location: 1200-1202 Chestnut Street

Size: 24,000 SF

Start Date: Fall 2015

Completion Date: 2016

Investment: $13.9 Million

Description: The former Beneficial Bank designed by Horace Trumbauer on the corner of 12th and Chestnut Streets was acquired by attorney Thomas R. Kline in July 2013. In September 2014, it was announced that he would be donating the building to Drexel as part of a $50 million donation to its Law School. The building will house the Thomas R. Kline Institute of Trial Advocacy and will include programming for law students and the LLM program. Funds for renovation of the building will come from the donation to the school.

9. THOMAS R. KLINE INSTITUTE OF TRIAL ADVOCACY

Page 11: Center city developments 2014 2018

Center City District & Central Philadelphia Development Corporation www.CenterCityPhila.org10

GOVERNMENT & NON-PROFIT INSTITUTIONS

Developer: Pennsylvania Department of General Services

Location: 1501 Arch Street

Size: 669,000 SF

Start Date: 2012

Completion Date: October 2014

Investment: $160 Million

Description: Designed by EwingCole, the new courthouse unites the Domestic Relations and Juvenile Division facilities of the Philadelphia Family Court, formerly located in two separate buildings. The 265-foot building includes 14 floors of office space and three stories of underground parking housing 265 cars.

Description: In September 2014, the Free Library received a $25 million grant from the William Penn Foundation to renovate various neighborhood libraries, $8 million of which will go toward the creation of two new public spaces at the Parkway Central Library—The Common and the Business Research and Innovation Center. This will take place in the several floors of space formerly occupied by closed, outdated book storage stacks, the contents of which remain accessible to the public through the Library’s Regional Research and Operations Center. Designed by internationally acclaimed architect Moshe Safdie, The Common will serve as an active community space where individuals can gather to create, collaborate, and share. The Business Research and Innovation Center will also offer incubator space for new projects and ideas and help individuals gain assistance in turning their entrepreneurial dreams into reality. With a budgeted project cost of $28.5 million, the Free Library has to raise an additional $10 million to reach its goal and complete this phase of renovations at the Parkway Central Library.

Description: The first Mormon Temple in Pennsylvania, designed by Perkins+Will, is being built on what used to be a 1.6-acre surface parking lot. The temple will include stained glass along the length of the building, a landscaped plaza with reflecting pool and public gardens, underground parking, and a 200-foot double spire meant to resemble that of Independence Hall’s.

11. PHILADELPHIA FAMILY COURTHOUSE

12. THE FREE LIBRARY OF PHILADELPHIA PARKWAY CENTRAL RENOVATION

10. PHILADELPHIA PENNSYLVANIA MORMON TEMPLE

Developer: The Free Library of Philadelphia

Location: 1901 Vine Street

Size: 40,000 SF

Start Date: January 2016

Completion Date: June 2017

Investment: $28.5 Million

Developer: Church of Jesus Christ of Latter-day Saints

Location: 1739 Vine Street

Size: 53,000 SF

Start Date: 2013

Completion Date: 2016

Investment: $70 million

Page 12: Center city developments 2014 2018

Center City District & Central Philadelphia Development Corporation www.CenterCityPhila.org 11

HOSPITALITY

Developer: Chestlen Development

Location: 1441 Chestnut Street

Size: 770,607 SF

Hotel Rooms: 755

Start Date: March 2015

Completion Date: Spring 2018

Description: The 51-story hotel will be 582 feet tall and have 295 rooms under the W Hotel flag and 460 rooms under the Element by Westin flag. Each hotel will have a separate entrance and lobby. It will have 41,000 SF of meeting and banquet space, an 8,600-SF restaurant, 1,700 SF of retail on the corner and a 185-space, below-grade parking garage. Once the project is completed, its market value is expected to reach $95.8 million and generate $220.6 million in incremental tax revenues over 20 years. The project will receive $33 million in Tax Increment Financing.

Developer: Baywood Hotels

Location: 228-38 North 13th Street

Hotel Rooms: 150

Start Date: TBD

Completion Date: TBD

Description: The historical building, designed by William Harold Lee, was first constructed as a Warner Brothers film exchange facility and was put up for sale in the summer of 2014. Hotel developer Baywood Hotels is interested in the site given its proximity to the Convention Center. They are proposing the addition of a 12-story hotel on top of the existing two-story structure. The hotel flag will be a Marriott AC, Marriott’s European brand. It will be the first Marriott AC in Philadelphia and one of the first in the United States. The proposed hotel will include meeting rooms, a fitness center and pool, and will have 12 guest rooms per floor. The building will be redeveloped as LEED Gold and will include a green roof.

14. W HOTEL AND ELEMENT BY WESTIN13. MARRIOTT AC

Page 13: Center city developments 2014 2018

Center City District & Central Philadelphia Development Corporation www.CenterCityPhila.org12

HOSPITALITY

15. SLS INTERNATIONAL HOTEL AND RESIDENCES

Developer: Peebles Corporation and P&A Associates

Location: 1801 Vine Street

Size: 250,000 SF

Hotel Rooms: 199

Start Date: 2015

Completion Date: 2016

Investment: $90 Million

Description: The 73-year-old Family Court building will be redeveloped into a hotel now that the Court has moved to its new location at 15th and Arch Streets. The building’s interior, including all 37 murals and lighting fixtures, were designated historically significant in 2011 and will remain intact. The project will include 199 rooms, a 3,500-SF ballroom, meeting and board rooms, a spa and fitness center, and a restaurant and bar. The cost of the project will be financed with $30 million in equity from the San Francisco real estate company MacFarlane Partners.

March 28, 2014

16. KIMPTON HOTEL

Developer: Morgan Hotel Group

Location: 1602-34 Chancellor Street

Size: 219,600 SF

Hotel Rooms: 310

Start Date: Spring 2015

Completion Date: 2016

Investment: $125 Million

Description: Designed by DAS Architects, the $125 million property will feature both high-end amenities and sustainable building materials throughout. The high-rise hotel will feature 310 guest rooms, including 40 spacious executive suites. The Penthouse floor will offer guests and patrons access to an exclusive dining venue with panoramic city views. The property will also include two stories of luxury retail shops, at least one restaurant and bar, as well as special events and meeting facilities.

15. HUDSON HOTEL

Page 14: Center city developments 2014 2018

Center City District & Central Philadelphia Development Corporation www.CenterCityPhila.org 13

PUBLIC SPACE

Developer: Center City District

Location: Callowhill Street to Noble Street

Size: 26,000 SF

Start Date: 2015

Completion Date: 2016

Investment: $9.6 Million

Description: The Reading Viaduct project seeks to transform the abandoned railway that slices through the area between Chinatown and Fairmount Avenue into a public park. The Center City District was drawn to the project because of the success of the High Line project in New York City, and saw an opportunity to add residential and light commercial development in the expanding communities of Center City and Chinatown. With 32% of the land in the area around the Viaduct still currently vacant and undeveloped, the opportunity exists to create a unique, mixed-use, mixed-income neighborhood like no other in Center City. Phase I of the project will involve a 26,000-SF section of the Viaduct known as the SEPTA Spur. Work will include landscaping, adding stairs that connect the railway to the street level, waterproofing the railway’s leaking underside, and environmental remediation.

Developer: Center City District

Location: West side of City Hall

Size: 120,500 SF

Start Date: 2012

Completion Date: September 2014

Investment: $55 Million

Description: Dilworth Park was transformed from an inaccessible, multi-level, unattractive, hard-surface plaza into a sustainable, well-maintained, green public space with no stairs or barriers from the street. The renovated Dilworth Park added 20,571 SF of new usable area and includes a 6,900-SF lawn, tree groves, a programmable fountain, and space for 400 benches and chairs. The concourse was dramatically improved and the new transit gateway provides dramatic entrances to Broad Street and Market Street subways and the trolley lines. New elevators have made the transit levels accessible for the first time.

Description: This project will improve pedestrian and bicycle access to the Race Street Pier from Front and Race Streets. New lighting, landscaping and hardscaping are designed to make traveling from neighborhood to waterfront more convenient and pleasant. The project is part of a long-term vision for the Central Delaware Waterfront. Phase I of the project was completed in the fall of 2012 and Phase II will be completed in 2015.

18. READING VIADUCT, PHASE I

17. DILWORTH PARK

19. RACE STREET CONNECTOR, PHASE II

Developer: Central Delaware Waterfront Corporation

Location: Race Street between 2nd Street and Columbus Boulevard

Size: Two Blocks

Start Date: 2015

Completion Date: 2015

Investment: $2.5 Million

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PUBLIC SPACE

Developer: City of Philadelphia/Schuylkill River Development Corporation

Location: East side of Schuylkill River between Locust and South Streets

Size: 44,500 SF

Start Date: 2012

Completion Date: October 2014

Investment: $17.5 Million

Description: The existing Schuylkill Banks trail could not be extended southward past Locust Street because the land between the railroad tracks and the river becomes too narrow. The City of Philadelphia and the Schuylkill River Development Corporation have built a 2,000-foot concrete structure that runs parallel to the eastern shore of the river from Locust Street to the new stair-tower on the south side of the South Street Bridge.

Description: An 11-acre park will stretch from Front Street to the river, capping I-95, engineered so that trees can be planted on what feels like ground level. The park will end at the waterfront in a large public space, framed by an amphitheater. By creating this public amenity, the hope is that the $250 million investment will spur the private aspects of the development — residences, restaurants, and shops — estimated at $800 million to $1 billion. If all goes according to plan, Penn’s Landing will be redeveloped into a mixed-use residential neighborhood. There will be low-rise residential development with mixed uses on the ground floor starting along the middle of the boat basin, and mid-rise residential development near the rebranded Hilton Hotel. The pier at the end of the boat basin will host residential and commercial development, with the very end reserved as public space.

21. SCHUYLKILL BANKS BOARDWALK 22. PENN’S LANDING

Developer: City of Philadelphia/InterPark

Location: 16th Street and John F. Kennedy Boulevard

Size: 102,802 SF

Start Date: March 2016

Completion Date: Spring 2017

Investment: $15 Million

Description: Mayor Michael A. Nutter and City Council President Darrell L. Clarke reached an agreement that allows for the rehabilitation of John F. Kennedy Plaza, known as LOVE Park. Plans included the sale of the garage beneath LOVE Park for $30 million. The design features of the park are being decided through a public process.

20. JOHN F. KENNEDY PLAZA/LOVE PARK

Developer: Delaware River Waterfront Corporation

Location: Delaware River Waterfront/Penn’s Landing Area between Market and South Streets

Size: 479,160 SF

Start Date: TBD

Completion Date: TBD

Investment: $250 Million

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RETAIL

Name: The Gallery

Developer: PREIT & Macerich

Location: Market Street between 8th and 11th Streets

Size: 1,400,000 SF

Start Date: TBD

Completion Date: TBD

Description: In July 2014, it was announced that the California-based retail developer Macerich acquired a 50% interest in The Gallery in return for investing in redeveloping the mall. PREIT and Macerich are now repositioning The Gallery to incorporate first-to-market fashion retailers and artisanal food and restaurant offerings, and become a destination for shopping, dining, and entertainment in Philadelphia. The first anchor tenant is Century 21, which opened a 100,000-SF store in October 2014 in the former Strawbridge’s building. PREIT and Macerich will invest in improvements on a 50/50 basis.

23. 15TH & WALNUTDeveloper: Midwood Investment & Development

Location: 1426-28 Walnut Street

Size: 60,000 SF

Start Date: Q4 2013

Completion Date: March 2015

Description: Designed by Bohlin Cywinski Jackson, the building will be a modern, glass retail structure, located in the middle of Philadelphia’s prime retail district. It will house the Cheesecake Factory and Verizon, along with other yet-to-be-announced tenants.

25. THE GALLERY

24. 1501-05 WALNUT

Developer: PREIT

Location: 1501-05 Walnut Street

Size: 30,000 SF

Start Date: TBD

Completion Date: TBD

Description: PREIT purchased the low-rise retail-and-office building on the northwest corner of 15th and Walnut Streets in January 2014. Plans are to redevelop the property into 30,000 SF of prime retail space on Walnut Street.

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RESIDENTIAL

Developer: Dranoff Properties

Location: 210-20 South 25th Street

Size: 167,610 SF

Residential Units: 82

Start Date: April 2015

Completion Date: December 2016

Investment: $90 Million

Description: Located at the intersection of 25th and Locust Streets, at the entrance to the Schuylkill River Park, the high-rise will offer views of University City, the river, and the downtown skyline. The new 22-story glass skyscraper will feature 82 condominiums with high-level finishes and balconies, 110 underground parking spaces, fitness center, in-door pool, club room, hospitality suite, and business center. Plans include a private garden with broad lawns, as well as a separate terrace adjoining the lobby with an outdoor kitchen. One Riverside will be the first from-the-ground-up high-rise condo building started since the financial crisis derailed the 2004-08 construction boom.

Developer: Dranoff Properties and iStar Financial Inc.

Location: 1601 Chestnut Street

Size: 116,600 SF

Residential Units: 60

Start Date: March 2015

Completion Date: Spring 2016

Investment: $48 Million

Description: iStar Financial will complete the remaining portion of the 58-story skyscraper Two Liberty Place. They have partnered with Dranoff Properties and plan to convert the space into 60 luxury condominiums on floors 48-57. The sales center opened in March 2015 on the 44th floor with completely redesigned residential units. Later in 2015, an upgraded lobby, street entrance, and amenities will be added.

28. THE RESIDENCES AT TWO LIBERTY PLACE

27. ONE RIVERSIDE

Description: Purchased by Eric Blumenfeld’s EB Realty Management Corporation in 2012, plans call for the redevelopment of the former Thaddeus Stevens School into spacious boutique-style lofts. The building on the corner of North Broad and Spring Garden Streets includes the “Common Threads” mural on its west-facing façade. The project will incorporate existing elements found in the school into the residential conversion, including existing chalkboards and oak cabinetry from the classrooms. The project team includes architect Richard Sauder, engineer David Chou and construction company Domus.

26. MURAL LOFTSDeveloper: EB Realty Management Corporation

Location: North Broad & Spring Garden Streets

Size: 72,000 SF

Residential Units: 56

Start Date: February 2015

Completion Date: December 2015

Investment: $16.2 Million

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Developer: Forest City Residential

Location: 1801 Buttonwood Street

Size: 434,878 SF

Residential Units: 286

Start Date: 2015

Completion Date: 2016

Investment: $100 Million

Description: The existing 300-unit Museum Towers residential complex is set to nearly double in size. Phase II construction plans include a 270-unit, 16-story tower, 16 townhomes and a 400-space parking garage. The project will sit on what is now a surface parking lot and will include improvements to the adjacent Matthias Baldwin Park. The project team includes Perkins Eastman Architects, Urban Engineers, and law firm Stevens & Lee P.C.

Developer: Toll Brothers

Location: 410 South Front Street

Size: 151,560 SF

Residential Units: 55

Start Date: 2013

Completion Date: Fall 2015

Description: Located at the former New Market site on the eastern hem of Headhouse Square and Front Street, the project will transform the vacant lot into 55 luxury condominiums ranging from one to four bedrooms. The building will also include a courtyard, rooftop terrace, and 110 parking spaces.

Developer: Scannapieco Development Corporation

Location: 500 Walnut Street

Size: 178,000 SF

Residential Units: 38

Start Date: March 2015

Completion Date: 2017

Investment: $174 Million

Description: The 26-story “glass-needle” tower overlooking Independence Hall is designed by Cecil Baker + Associates and built on an 18,155-SF site that has been vacant for more than a decade. The amenity-rich building will have 38 condominiums and offer everything from a multi-level, glass-enclosed fitness center to a large outdoor terrace overlooking Independence National Historic Park. It will also include a 90-space, underground, fully-automated parking system that stores and retrieves vehicles in less than 90 seconds.

29. MUSEUM TOWERS II

31. 410 AT SOCIETY HILL

30. 500 WALNUT

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RESIDENTIAL/MIXED-USE

Developer: Alterra Property Group

Location: 259 Market Street

Size: 75,000 SF

Residential Units: 59

Start Date: 2014

Completion Date: July 2015

Investment: $22 Million

Description: Alterra Property Group assembled 10 properties on the corner of North 3rd and Market Streets, where the famous “Shirt Corner” was once located. Plans call for the buildings to be converted into 59 apartments with a CVS on the ground floor.

Developer: Aimco

Location: 1815 John F. Kennedy Boulevard

Start Date: 2014

Completion Date: Phased construction underway

Investment: $75 Million

Description: This 19-story, mid-century modern tower has 550 apartments, 23,000 SF of retail space and 93,000 SF of office space. Residential units will be totally gutted and refurbished. A roof-top pool and sundeck will be renovated and a fitness facility and three-season space will be created. The ground-level retail space will be repositioned with new tenants, uses, and storefronts.

Developer: Aimco

Location: 2200 Benjamin Franklin Parkway

Start Date: 2013

Completion Date: Phased construction ending 2018

Investment: $200 Million

Description: Each unit of this 973-unit complex built in 1959 will be totally gutted, re-configured, and updated. A new swimming pool, three-season outdoor area, and fitness facility will also upgrade the building. A three-acre park in front of the complex will be reactivated with art, sculpture, and spaces for gathering. The developer is in negotiations to bring a restaurant to the building, which has 28,000 SF of retail space.

34. SHIRT CORNER33. THE STERLING

32. PARK TOWNE PLACE

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Developer: Alterra Property Group and The Scully Company

Location: 1515 Chestnut Street

Size: 150,000 SF

Residential Units: 175

Start Date: Q2 2014

Completion Date: Q2 2015

Investment: $60 Million

Description: The project will redevelop the Class B office building into 175 Class A apartments, 8,000 SF of office and 7,500 SF of existing ground-floor retail. Forty-five of the 75 units will be micro units under 350 SF.

35. AVENIR

Description: The project converted the office tower into rental apartments. It includes 206 luxury units, 160 parking spaces, and 23,000 SF of existing retail. Developers used New York-based real estate company Delos to infuse the building with their WELL Building Standards, which promote health and wellness into the built environment. Apartments have ‘healthy’ features like circadian lighting that helps regulate melatonin levels, advanced air purification, and water-filtration systems.

Description: Aquinas Realty Partners purchased the vacant building from the Philadelphia Redevelopment Authority in 2012. Designed by BLT Architects, plans are to demolish the existing structure and replace it with a 12-story building with 110 apartment units, 4,834 SF of ground-floor retail space, an interior courtyard, bicycle storage, and 9,600 SF of expansion space for the Freire Charter School, a high school that occupies the building next door.

Developer: Alterra Property Group, Federal Capital Partners, and Cross Properties

Location: 1616 Walnut Street

Size: 260,000 SF

Residential Units: 206

Start Date: May 2013

Completion Date: Summer 2014

Investment: $97 Million

Developer: Aquinas Realty Partners

Location: 2021 Chestnut Street

Size: 60,000 SF

Residential Units: 110

Start Date: 2014

Completion Date: 2015

Investment: $32.7 Million36. THE ICON 37. AQ RITTENHOUSE

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Developer: Brandywine Realty Trust and LCOR

Location: 1919 Market Street

Size: 455,000 SF

Residential Units: 321

Start Date: Q4 2014

Completion Date: Q2 2016

Investment: $148 Million

Description: Designed by Barton Partners, this new mixed-use tower will be 332 feet tall and include 321 upscale apartment units, 215 parking spaces, 108 bike storage spaces, and 24,000 SF of office and retail space. The 29-story tower will be built on a vacant lot on the corner of Market and 20th Streets and will contain retail on the ground floor and offices on the second, as well as concierge service and various amenities including a rooftop fitness center, demonstration kitchen, game room, and a ledge pool. Planned retail and streetscape improvements, including new trees, benches, and bike racks, will activate both Market and 20th Streets.

Developer: Brickstone Realty

Location: 1112-1128 Chestnut Street

Size: 192,000 SF

Residential Units: 112

Start Date: Q4 2013

Completion Date: October 2015

Investment: $75 Million

Description: The development will include 112 high-end rental units and 95,000 SF of commercial space, with dedicated parking for retail. The developer also has acquired other key properties in the vicinity including: 1021 Chestnut, a 9,500-SF building it plans to convert into coworking space; 106-14 South 11th Street, a 16,000-SF mixed-use building with residential and retail units; and 15-21 South 11th Street, a 30,00-SF building that will be converted into creative office space.

39. 1112-1128 CHESTNUT STREET

38. 1919 MARKET STREET

RESIDENTIAL/MIXED-USE

Developer: Brickstone Realty

Location: 701 Market Street

Size: 377,321 SF

Residential Units: 342

Start Date: TBD

Completion Date: TBD

Investment: $102 Million

Description: The 399-foot, 377,321-SF, mixed-use tower will be designed by Stantec Architecture and will attach to the Lit Brothers building on Market Street. It will be 35 stories, and set back 180 feet from Market Street and 150 feet from Seventh and Eighth Streets. The façade will primarily consist of white and gray hues, so as not to distract from the Lits complex, and the north-south orientation and setback will largely protect the Market Street view. A new basement and lobby will provide the residential component with an entrance. The ground floor will feature new retail and the first five floors above will be converted for office use.

40. MELLON INDEPENDENCE CENTER (MIC) TOWER

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RESIDENTIAL/MIXED-USE

Developer: Brown Hill Development

Location: 205 Race Street

Size: 169,900 SF

Residential Units: 146

Start Date: Q2 2015

Completion Date: Q4 2016

Description: Designed by GLUCK+ in New York, the mixed-use apartment complex on the long-vacant corner of 2nd and Race streets will include 146 rental units, 28 parking spaces, 100 bike parking spaces, and 14,000 SF of commercial space on the ground floor. The building will be 51 feet tall along Race Street and rise to just over 187 feet along 2nd Street. The building is on target to be the first LEED Gold residential high-rise in Center City. The apartments will be a mix of studios and one- and two-bedroom units. The developers plan to claim a bonus for mixed-income housing, so some of the units will be affordable to individuals making 80% of Area Median Income.

43. SOUTHSTAR LOFTS

41. 205 RACE STREET

Developer: Carl Marks & Co.

Location: 400 North Columbus Boulevard

Size: 1,900,000 SF

Residential Units: 1,358

Start Date: Late 2015

Completion Date: TBD

Investment: $800 Million

Description: Carl Marks & Co. is developing a large residential project, Renaissance Plaza, on 5.3 acres that front the Delaware River at Columbus Boulevard and Callowhill Street. Designed by Alesker & Dundon Architects, the dense project will include 1,342 rental apartments in four multi-story buildings and 16 townhomes. Plans also include 69,710 SF of retail, 19,000 SF of office space, 600 parking spaces, and more than an acre of landscaped public space. The project will be built over four phases and seek LEED Gold certification. The developer is committed to building Phase I and II, with other phases contingent on demand. The equity is in place for Phase I and the developer is working on financing for Phases I and II. Parking for Phases I and II will be built during Phase I, with Phase II construction starting once 50% of Phase I is complete. Construction should start in 2015, with Phase I taking 16 months.

42. RENAISSANCE PLAZA

Developer: Dranoff Properties

Location: 521 South Broad Street

Size: 150,000 SF

Residential Units: 85

Start Date: March 2013

Completion Date: 2014

Investment: $32 Million

Description: Located on the northeast corner of Broad and South Streets, the project includes 85 high-end rental units and more than 10,000 SF of ground-floor retail. Units include studios, one- and two-bedroom loft apartments, some with balconies and 10-foot ceilings. The project was designed by Philadelphia-based architect Cecil Baker + Partners.

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RESIDENTIAL/MIXED-USE

44. SLS LUX PHILADELPHIA HOTEL & RESIDENCES

Developer: Dranoff Properties and SBE Entertainment Group

Location: 309-313 South Broad Street

Size: 422,838 SF

Residential Units: 90

Hotel Rooms: 152

Start Date: Fall 2015

Completion Date: Spring 2018

Investment: $220 Million

Description: At 47 stories and 562 feet, the SLS LUX Philadelphia Hotel & Residences will be the tallest tower in Pennsylvania built for residential use. Located across the street from the Kimmel Center, the project will include 90 condominiums and the 152-room boutique SLS Hotel. There will be 160 resident-only parking spaces, as well as ground-floor retail and the prominent corner of Broad and Spruce will feature a three-story celebrity chef food and beverage operation. Amenities for both residents and guests include a full spa, fitness center, all-season 75-foot pool, and ballroom/meeting facilities. The building will be designed by Kohn Pederson Fox Associates and the hotel interior designer is Philippe Starck.

Developer: Gelfand Yardeni Real Estate Development & Management L.P.

Location: 105 North 2nd Street

Size: 41,000 SF

Residential Units: 43

Start Date: Q1 2014

Completion Date: Q4 2014

Investment: $14 Million

Description: The former Trenton China Pottery on the corner of 2nd and Arch was purchased in 2013 and construction to convert it into 43 rental apartments was completed in late 2014.

45. THE POTTERY

Description: The development will include 293 luxury apartment units, 500 parking spaces and 85,000 SF of retail on the ground floor. Retail tenants include Whole Foods (55,000 SF), CVS (11,000 SF) and Thomas Jefferson University Hospital (12,000 SF). Designed by MV + A Architects, the development will include more than 35,000 SF of residential amenity areas, including an infinity edge swimming pool, club room, and fitness center, to name a few.

Developer: International Financial Company & Dalian Development, LLC

Location: 501 North 22nd Street

Size: 557,845 SF

Residential Units: 293

Start Date: 2014

Completion Date: Q1 2016

Investment: $160 Million46. RODIN SQUARE

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RESIDENTIAL/MIXED-USE

Developer: Keystone Property Group, Mack-Cali Realty Corp. & Roseland, a Mack-Cali Company

Location: 699 Walnut Street

Size: 885,000 SF

Residential Units: 55

Start Date: Spring 2015

Completion Date: Spring 2017

Investment: $25 Million

Description: Mack-Cali Realty Corporation and the Keystone Property Group acquired the 885,000-SF Curtis Center for $125 million in the summer of 2014. Plans include converting 90,000 SF of vacant office space into 55 luxury apartments and outdoor streetscape improvements to create a vibrant urban corridor. Retail will be added on the ground floor and will include a corner restaurant with outdoor seating overlooking both Washington Square and Independence National Park. There is a possibility of adding more housing as office leases expire and additional space becomes available. The building will include 50,000 SF of retail, 700,000 SF of office space and 100,000 SF of residential space. Additionally, the owners plan to complete capital improvements to the property, including substantial upgrades to the elevators and renovation of the building’s HVAC system, roof, façade and parking garage. An affiliate of Keystone will manage the office and retail portions of the building, while Roseland, a subsidiary of Mack-Cali, will be responsible for the design, construction, leasing and management of the residential component.

47. THE CURTIS CENTER

Developer: MRP Residential and Principal Real Estate Investors

Location: 1346 Chestnut Street

Size: 209,095 SF

Residential Units: 220

Start Date: Q4 2014

Completion Date: Q1 2017

Description: MRP Residential and Principal Real Estate Investors acquired the property for a reported $33 million in February 2014. The new owners are redeveloping the property while maintaining the existing façade and structural systems. Upgrades will include a new lobby, fitness center, theater room, interior landscaped courtyard, clubroom, roof deck, and renovated elevator cabs. This is the Washington, D.C.-based company’s first acquisition in the Center City market.

48. 1346 CHESTNUT STREET

Developer: New South Philly LP

Location: 1430 South Street

Size: 29,832 SF

Residential Units: 34

Start Date: September 2014

Completion Date: December 2015

Description: The developer is building a five-story, 34-unit mixed-use building for the site, with three single-family homes and one carriage house that hovers over access to a small parking area in the rear. The building will consist of 18 one-bedroom and 16 studio apartments. There will be 2,131 SF of ground-floor retail facing South Street.

49. 1430 SOUTH STREET

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50. EAST MARKET, PHASE I

RESIDENTIAL/MIXED-USE

Developer: National Real Estate Development

Owner: National Real Estate Advisors, JOSS Realty Partners, Young Capital, and SSH Real Estate

Location: Block between 11th and 12th Streets, Market and Chestnut Streets

Size: 775,000 SF

Residential Units: 322

Start Date: October 2014

Completion Date: Spring 2016

Investment: $250 Million

Description: The project will be a combination of pedestrian-oriented retail, new residential rental apartments, office space, parking, signage, and hospitality uses. Phase I of the $500 million-plus mixed-use project aims to upgrade Philadelphia’s downtown retail district east of Broad Street. Following demolition, two new retail buildings with LED signage will be constructed along Market Street, with 322 rental apartments above. Also included in Phase I is the redevelopment of 34 South 11th Street (the former Family Court Building) into modern Class A warehouse office space above new ground-floor retail. In addition, the entire site will feature below-grade parking and a central loading facility. Following the completion of Phase I, the developer will begin working on Phase II of the project. The second phase will include demolishing and replacing the existing mixed-use building located on the 1100 block of Chestnut Street with retail, residential, office, and parking uses. Once complete, the project will reopen Ludlow Street and Clover Street, now closed to pedestrian and vehicular traffic, and create a pedestrian walkway from Market Street to Chestnut Street.

Developer: Pearl Properties

Location: 1700 Chestnut Street

Size: 100,000 SF

Residential Units: 95

Start Date: 2014

Completion Date: 2015

Investment: $14 Million

Description: Pearl Properties is redeveloping three buildings (1700, 1708, and 1710) into a mixed-use development with a 40,000 SF Nordstrom Rack on the lower three floors and 95 luxury rental apartments above.

51. 1700 CHESTNUT

Developer: Philadelphia Chinatown Development Corporation and JNA Capital, Inc.

Location: 10th and Vine Streets

Size: 195,000 SF

Residential Units: 150

Start Date: 2015

Completion Date: 2017

Investment: $76 Million

Description: PCDC has helped form an immigrant investor Regional Center that will seek to raise $33 million to fund its Eastern Tower Community Center in Chinatown. The Regional Center is part of the EB-5 program. Administered through the United States Citizenship and Immigration Services (USCIS), the program is designed to attract foreign investment in projects that promote economic growth and job creation. The remainder of the funding for the 23-story, mixed-use development consists of a $23 million New Markets Tax Credit and loan commitment from Citibank and a combination of private equity and grants. The project will include 150 apartments, offices, recreational and retail space, as well as a recreation/event space for the community.

52. EASTERN TOWER COMMUNITY CENTER

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RESIDENTIAL/MIXED-USE

Developer: Lubert-Adler and PMC Property Group

Location: 2400 Market Street

Size: 1,000,000 SF

Residential Units: 300

Hotel Rooms: 150

Start Date: January 2015

Completion Date: January 2017

Investment: $100 Million+

Description: A partnership consisting of PMC Property Group and Lubert-Adler purchased Marketplace Design Center for $42 million in April 2014. The property consists of two buildings, 2400 Market Street, which is about 370,000 SF, and 12 South 23rd Street, a six-story, 120,000-SF structure. It is ideally positioned across from University City and 30th Street Station, and close to Rittenhouse Square and the Central Business District. Plans call for the creation of a mixed-use complex by adding a residential tower on top of the building, as well as the creation of retail and creative-class office space below it. The vision is to keep the lower floors as the Marketplace Design Center, but upgrades will be made to the first floor and new retail space will be created for a grocery store, restaurant and coffee shop.

53. 2400 MARKET STREET

Developer: PMC Property Group

Location: 1900 Arch Street

Size: 230,000 SF

Residential Units: 248

Start Date: Spring 2013

Completion Date: Summer 2014

Investment: $65 Million

Description: The project consists of 248 luxury residential one- and two-bedroom apartments, more than 26,000 SF of retail on the ground floor, and offices above. The development will include green roofs, a public courtyard, and a parking garage.

Description: Given the success of 1900 Arch, the developer is adding a 55-unit expansion on the building’s west side that will run all the way down the site from Arch to Cuthbert. The addition would bring the complex’s total unit count to 303. Designed by Varenhorst of Philadelphia, it will also include a private courtyard on the first level, as well as a green roof and other sustainable features.

Developer: PMC Property Group

Location: 1924 Arch Street

Size: 57,000 SF

Residential Units: 55

Start Date: September 2014

Completion Date: Summer 2015

Investment: $15 Million

54. 1900 ARCH 55. 1900 ARCH EXPANSION

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RESIDENTIAL/MIXED-USE

Developer: Post Brothers

Location: 1401 Spruce Street

Size: 263,000 SF

Residential Units: 220

Start Date: 2014

Completion Date: Early 2016

Investment: $100 Million

Description: The former headquarters of the Atlantic Richfield Oil Company will be reconverted into 220 condos and 13,000 SF of retail. The 21-story building will include a resident lounge, wine lockers, catering kitchen, billiard room, commercial quality fitness center, spa, business center, and a rooftop event space with exterior terrace. Private, deeded valet parking will be provided. The building’s residential entrance will face Spruce Street, while the 13,000 SF of retail will be accessed via the current Broad Street entrance. The project will be designed by Rafael Viñoly Architects.

Developer: PMC Property Group

Location: 250 North Columbus Boulevard

Size: 272,178 SF

Residential Units: 250

Start Date: October 2014

Completion Date: Spring 2016

Investment: $65 Million

Description: PMC Property Group is planning to develop a 250-unit apartment building next to the Benjamin Franklin Bridge. The high-rise will have a 13-story wing on the south side and a 16-story wing on the north side. The building will have 250 units, approximately 65% one-bedroom units and 35% two- and three-bedroom units. The One Water Street grounds will include two public green spaces, designed by landscape architect David Rubin at Land Collective, one of which will have the effect of a promenade along Columbus Boulevard. Together, the two public spaces will total about 11,600 SF, or 20% of the site. Ten percent of the units will be reserved for lower-income residents. The project also includes a green roof, 73 parking spaces, car-share spots, a bicycle storage room, gym, and meeting space for building residents. Construction is expected to take 18 months.

57. 1401 SPRUCE STREET56. ONE WATER STREET

Description: Sister Mary Scullion’s Project HOME and the Philadelphia Chinatown Development Corporation will construct a nine-story affordable housing project in Chinatown. The complex will provide 94 efficiency apartments for lower-income rental tenants ranging in age from seniors to children aging out of foster care. The building will seek LEED Silver certification and is designed by architects Kramer + Marks and will offer an underground rainwater collection system to manage runoff. For units with project-based vouchers through the Philadelphia Housing Authority, tenants will pay 30% of income. An additional 57 units will be affordable to those at or below 50% of income, and 15 units will be affordable to those at or below 20%. Rents are projected to be between $690 and $799 per month.

58. 810 ARCH STREET Developer: Project HOME and Philadelphia Chinatown Development Corporation

Location: 810 Arch Street

Size: 76,455 SF

Residential Units: 94

Start Date: July 2014

Completion Date: November 2015

Investment: $24 Million

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Developer: Toll Brothers

Location: 2400 South Street

Size: 235,583 SF

Residential Units: 127

Start Date: 2012

Completion Date: Spring 2015

Description: The project consists of 68 townhouses and 59 condos, as well as 2,266 SF of retail along 24th Street. The development is near the Toll Brothers’ first Graduate Hospital-area project, Naval Square.

60. 2400 SOUTH

Developer: Property Reserve, Inc.

Location: 1601 Vine Street

Size: 513,997 SF

Residential Units: 277

Start Date: Late 2014

Completion Date: 2017

Investment: $120 Million

Description: The mixed-use development includes a residential apartment tower located at 1601 Vine Street and a separate Meetinghouse for The Church of Jesus Christ of Latter-day Saints at 17th and Vine Streets. The residential tower is a 32-story, new construction building of approximately 489,997 SF and will consist of 264 rental apartments, 13 rental townhomes, two levels of below-grade parking providing 238 spaces and 12,000 SF of ground-floor retail. Residential amenities include a swimming pool, fitness center, club room and business center. Robert A.M. Stern Architects of New York is the project designer, with BLT Architects of Philadelphia serving as associate architect.

59. 1601 VINE STREET

61. 1213 WALNUT

Developer: The Goldenberg Group & Hines

Location: 1213 Walnut Street

Size: 300,000 SF

Residential Units: 322

Start Date: Q3 2015

Completion Date: Q3 2017

Investment: $100 Million+

Description: The Goldenberg Group and Hines are developing plans for a 26-story, multi-family high-rise at 12th and Walnut Streets, currently a surface parking lot. It will include 322 rental units and 7,300 SF of retail.

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ACKNOWLEDGEMENTS

INFORMATION PARTNERSAimco – Cindy Duffy, Patti ShwayderAlterra Property Group, LLC – Leo AddimandoAQ Rittenhouse – Lee SeniorAquinas Realty – Len PonciaBaywood Hotels – Kurt BlorstadBrandywine Realty Trust – Paul CommitoBrickstone Realty – Mark MerliniCashman & Associates – Laura KrebsChestlen Development – Brook LenfestChildren’s Hospital of Philadelphia – Jonathan J. Hood, Peter M. GrollmanCity of Philadelphia Department of Commerce– Dawn Summerville, Emily GiordanoCity of Philadelphia Department of Parks & Recreation – Mark FochtCommonwealth of Pennsylvania Department of General Services – Liz O’ReillyDAS Architects – Annette WalshDelaware River Waterfront Corporation – Karen ThompsonDranoff Properties – Carl Dranoff, Sue StaufferDrexel University – Nancy TrainerEB Realty Management – Chris CordaroFringeArts – Carolyn SchleckerGelfand Yardeni Real Estate Development & Management LP – Kat SullivanGibbs Management – Andy GibbsGLUCK + – Bethia LiuGoldenberg Group – Adam Rosenzweig, Todd MalliganInternational Financial Company – Odara NashJKR Partners Architects – Mike IzzoKeystone Property Group – Bill Glazer, Jennifer CoopermanKimmel Center – David ThieleMidwood Investment & Development – Michelle GoldmanMRP Realty – Kristian DeMeoMuseum of the American Revolution – ZeeAnn MasonNational Real Estate Development – Daniel KillingerP&A Associates – Robert ShawPearl Properties – James PearlsteinPhiladelphia Chinatown Development Corporation – Sarah YeungPhiladelphia Museum of Art – Shen ShellenbergerPhiladelphia Parking Authority – Richard D. Dickson, Jr.PMC Property Group – Jonathan Stavin, Kate GroshongPost Brothers – Matthew PestronkPREIT – Haley Samsi, Heather CrowellProject HOME – Sister Mary Scullion, Matthew McCarterSchiffman Consulting Corporation – Martin SchiffmanSchuylkill River Development Corporation – Joseph R. SyrnickSpg3 Architects – Brett WebberStevens & Lee P.C. – Robert D. Lane, Jr.The Church of Jesus Christ of Latter-day Saints – Corinne DoughertyThe Franklin Institute – Stefanie SantoThe Free Library of Philadelphia – Alix GerzToll Brothers – Shawn C. Frawley, Adam S. Lampl, Brian Emmons

PHOTOGRAPHY & RENDERINGSAimcoAlesker & Dundon ArchitectsBallinger and Pelli Clark Pelli ArchitectsBLT ArchitectsBohlin Cywinski JacksonBrandywine Realty TrustBrickstone RealtyComcast CorporationCope Linder ArchitectsCoscia Moos ArchitectsDaniel Cox for Alterra Property GroupDAS ArchitectsDBox for Norman FosterDelaware River Waterfront CorporationDranoff PropertiesDrexel University CommunicationsEwingColeFFKR ArchitectsFlossBarberForest City ResidentialGenslerGLUCK+Hargreaves Associates and RedsquareJ. Fusco for Visit Philadelphia™J. Smith for Visit Philadelphia™Jacobs and Studio Agoos LoveraJames Ewing PhotographyJKR Partners ArchitectsKieranTimberlakeKramer + Marks ArchitectsMoustafa MoustafaMV+A ArchitectsNC3D for Robert A.M. Stern ArchitectsPearl PropertiesPhiladelphia Museum of ArtPhilamedia for PMC Property GroupPMC Property GroupPREITRafael Vinoly AssociatesRobert A.M. Stern ArchitectsScannapieco Development CorporationSchuylkill River Development Corporationspg3 architectsThe Free Library of PhiladelphiaToll ArchitectureVarenhorstVoith and Mactavish ArchitectsWRT

CCD STAFFResearch & Writing: Casandra Dominguez, Manager of Business Retention & Retail Attraction; Claire Summers, Marketing AssistantWriting & Editing: Linda Harris, Director of Communications & PublicationsGraphic Design: Abigail Saggi, Graphic Designer; Amy Yenchik, Graphic Designer

UPDATES/ERRATAwww.CenterCity.org/Developments

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Center City District & Central Philadelphia Development Corporation660 Chestnut StreetPhiladelphia PA, 19106215.440.5500

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C E N T E R C I T Y PHILADELPHIADEVELOPMENTS

2014-2018