center city philadelphia developments...

Center City PhiladelPhia develoPments 2013-2017

introduction

development map

commercial/mixed-use

cultural

hospitality

Government & non-profit institutions

medical

residential/mixed-use

retail

public spaces

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center city district & central philadelphia development corporation www.centercityphila.org2

since 2000, the population in this area has increased by 24.2%, as millennials, empty-nesters, and families with children have chosen to live near work and a broad range of dining, cultural, and entertainment offerings. to support this growing demand, between January 2013 and december 2017, more than 5,800 units of housing are projected to be completed.

a total of 13 major development projects of various types were completed in this area in 2013; 17 more were under construction as of april 2014, and 20 are proceeding through the approvals process. all 50 developments are categorized by type and are mapped on pages 4-5.

of the 50 major center city developments, 27 are residential/mixed-use and another three are exclusively residential. the remaining developments include five cultural, four public space, three hospitality, two commercial/mixed-use, two government or non-profit projects, and two education and healthcare developments, as well as two retail projects.

the $1.2 billion comcast innovation and technology center, a project proposed by comcast and liberty property trust, is the largest among the planned developments. this new tower at 18th and arch streets will add more than 1.3 million square feet of office space to the downtown. comcast has committed to lease 957,000 square feet and has until september to decide if it will lease the entire building.

the $786 million expansion of the pennsylvania convention center in 2011, as well as strong increases in both leisure and non-convention business travel, has created more

demand for downtown hotel rooms. to accommodate the growth in overnight visitors, several hotel projects were announced in 2013, including the boutique sls and Kimpton hotels and a W hotel and element by Westin. With the addition of the recently completed home2 suites, center city is expected to have 1,573 new hotel rooms by 2017.

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 612,000 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 50 major developments. the report highlights major projects that were completed in 2013, were under construction, or had been announced as of Q1 2014, from spring Garden to south streets. the center city district collected information on the various projects from published reports and cdr applications and verified information with the developers and/or architects of the projects. as projects are constantly being updated, for the purposes of this publication, all data reflect project status, design, and information available to the public as of the end of Q1 2014. for updates to these and future projects, visit www.centercityphila.org/developments.

more than $4.7 billion is beinG invested or is planned for maJor developments betWeen sprinG Garden and south streets in center city. in this dense and compact area that corresponds to the oriGinal boundaries of William penn’s city, there are currently 246,065 WorKers, 72,000 residents, several hundred arts and cultural orGanizations, 91 commercial office buildinGs, and more than 11,300 hotel rooms.


center city district & central philadelphia development corporation www.centercityphila.org 3

Major Development in Center City by Type and Square Footage

Residential/Mixed-use

6,195,374 SF51.6%Hospitality

1,170,607 SF | 9.8%

Commercial/Mixed-use 1,961,600 SF | 16.3%

Retail 60,000 SF | 0.5%

Cultural 204,400 SF | 1.7%

Eds & Meds 888,895 SF | 7.4%

Residential 612,878 SF | 5.1%

Public Space 342,802 SF | 2.9%

Government & Non-profit Institutions 563,000 SF | 4.7%

Total SF: 11,999,556

Major DevelopMents in Center City by type & square Footage

Major DevelopMents in Center City by CoMpletion Date

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$4.7 billion total investment

5,808 residential units

1,573 hotel rooms

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

612,133 SF of new retail space

Major projeCts CoMpleteD in 2013 & in the pipeline

note: several of the projects included on the map on the following page had not yet announced completion dates, development costs, or square footage as of the end of Q1 2014. as a result, these figures are not included in the respective totals.

Center City District & Central Philadelphia Development Corporation www.CenterCityPhila.org 5Center City District & Central Philadelphia Development Corporation www.CenterCityPhila.org4

developments

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CommerCial/mixed-use1. Comcast Innovation & Technology Center2. 8th & Filbert Street Garage

Cultural3. FringeArts4. Nicholas and Athena Karabots Pavilion at The Franklin Institute5. Benjamin Franklin Museum at National Historical Park6. Kimmel Center Renovation - Volver & SEI Innovation Center7. Museum of the American Revolution

Hospitality8. W Hotel and Element by Westin9. Kimpton Hotel at Family Court10. Home2 Suites by Hilton Philadelphia

Government & non-profit institutions11. Philadelphia Family Courthouse12. Philadelphia Pennsylvania Mormon Temple

mediCal13. Penn Medicine Washington Sq.14. CHOP Schuylkill Ave. Phase I

residential/mixed-use15. SLS International Hotel and Residences16. The Icon17. Avenir18. Shirt Corner19. 1116-28 Chestnut Street20. Mellon Independence Center Tower21. Eastern Tower Community Center22. The Sansom23. The Granary24. 1919 Market Street25. 2116 Chestnut Street26. John C. Anderson Apts.27. 229 Arch Street28. 1601 Vine Street 29. AQ Rittenhouse30. 2040 Market Street31. 1900 Arch Street32. Tower Place33. Goldtex34. One Riverside Place35. Southstar Lofts36. Rodin Square37. Walnut Place38. River Walk Philadelphia39. 1346 Chestnut Street 40. East Market41. 2400 South

residential42. 410 at Society Hill43. Museum Towers II44. 500 Walnut

retail45. 15th & Walnut46. The Gallery

publiC spaCe47. Franklin’s Paine Skatepark48. Schuylkill Banks Boardwalk49. Dilworth Plaza50. JFK Plaza/LOVE Park Renovation

Source: Developments Database, Center City District

developments

developments in Center City


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: fall 2017

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. to be designed by world-renowned architect norman foster, the building will provide office space for comcast and house the 222-room four seasons hotel. this design will be conducive to an open, collaborative work environment and will seek to foster innovation, research, technology, and discovery. the project will add 1,321,921 sf of office space, of which comcast will be leasing at least 957,000. comcast plans to add 1,500 new jobs and will be relocating nbc 10 from bala cynwyd to center city.

Developer: philadelphia parking authority

location: 801 filbert street

size: 158,600 sf

start Date: 2013

Completion Date: 2015

investment: $18 million

Description: designed by Wallace roberts & todd (Wrt), the project includes new façades, green elements, new interior paint and lights, as well as playful led lights hanging over eighth street. retail spaces under the garage will be revamped into a vibrant retail corridor totaling 24,011 sf, as ppa works to fill some of the now vacant storefronts. to green the 100% impervious structure, Wrt designed rooftop cisterns that will catch water for pressure washing and other garage maintenance. the new garage will provide a gateway between chinatown and market street.

1. ComCast InnovatIon & teChnology Center

2. 8th & FIlbert street garage


Cultural

Developer: fringearts

location: 140 north christopher columbus boulevard

size: 10,000 sf

start Date: 2013



Description: the 1903 historic former pumping station will be transformed into a year-round center for contemporary performing and visual arts. the building will feature a 240-seat theater, rehearsal and creation studio, permanent festival hub, outdoor events plaza, restaurant/bar, and administrative offices.

Developer: the franklin institute

location: 222 north 20th street

size: 53,000 sf

start Date: april 2012



Description: adjacent to the benjamin franklin national memorial in the rotunda of the franklin institute, the pavilion, designed by saylorGregg architects, will house an expanded education center, state-of-the-art exhibit on the human brain, and upgraded and expanded gallery for traveling exhibitions. the exterior of the building will incorporate modern features, such as extensive landscaping and a 3,000 sf kinetic “shimmer wall” by renowned artist ned Kahn. underneath the shimmer wall, a new terrace will be constructed with seating and rain gardens.

Description: the benjamin franklin museum underwent a two-year renovation, its first since it opened in 1976. located beneath the iconic “ghost house” structure designed by robert venturi, John rauch, and denise scott brown for the bicentennial, the redeveloped underground museum and new entry pavilion were designed by Quinn evans architects. the new entrance connects franklin court to the underground museum through a new transitional space that clearly invites visitors into the museum, a place many visitors never realized was beneath their feet. the site features personal artifacts, computer animations, and interactive displays exploring franklin’s life as a private citizen and statesman.

Developer: national park service

location: 318 market street

size: 20,000 sf

start Date: 2011

Completion Date: august 2013


3. FrIngearts 4. nICholas and athena Karabots PavIlIon at the FranKlIn InstItute

5. benjamIn FranKlIn museum at the IndePendenCe natIonal hIstorICal ParK


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 currently underway 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.

Developer: museum of the american revolution

location: third and chestnut streets

size: 117,000 sf

start Date: 2014



Description: designed by robert a.m. stern architects, the museum will add another attraction to philadelphia’s historic district. philadelphia-based intech construction will begin demolition of the old bicentennial visitor center in spring 2014, with construction starting 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.

Cultural

Developer: Kimmel center

location: 300 south broad street

size: 4,400 sf

start Date: april 2012

Completion Date: spring 2014

investment: $4.5 million

6. KImmel Center renovatIon - volver and the seI InnovatIon Center

7. museum oF the amerICan revolutIon

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

Hospitality

Developer: Chestlen Development

location: 1441 Chestnut Street

size: 770,607 SF

Hotel Rooms: 755

start Date: 2014


investment: $280.4 Million+

Description: The 50-story hotel will have 755 rooms under the W Hotel and Element by Westin flags. It will have 41,000 SF of meeting and banquet space, an 8,600 SF restaurant, 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: Peebles Corporation and P&A Associates

location: 1801 Vine Street

size: 250,000 SF

Hotel Rooms: 199

start Date: 2015


investment: $90 Million

Description: The 73-year-old Family Court building will be redeveloped into a hotel when the Court moves 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 a 3,500 SF ballroom, meeting and board rooms, a spa and fitness center, and a restaurant and bar. The project will be financed with $30 million in equity from the San Francisco real estate company MacFarlane Partners.

Developer: Wurzak Hotel Group and The Parkway Corporation

location: 1200 Arch Street

size: 150,000 SF

Hotel Rooms: 248

start Date: April 2012

Completion Date: August 2013

investment: $60 Million

Description: The nine-story hotel, located across the street from the Pennsylvania Convention Center, will be operated by the Wurzak Hotel Group. Built on the site of a former parking garage, the hotel is one of the first newly built hotels in Philadelphia in more than a decade. The building has 10,000 SF of retail on the ground floor, including tenants Panera Bread and Burger Fi.

8. W Hotel and element by Westin

10. Home2 suites by Hilton PHiladelPHia

March 28, 2014

9. KimPton Hotel


governMent & non-proFit institutions

Developer: pennsylvania department of General services


size: 510,000 sf

start Date: 2012



Description: designed by ewingcole, the new courthouse will unite the domestic relations and Juvenile division facilities of the philadelphia family court, currently located in separate buildings. once completed, the 265-foot building will include 14 floors of office space and three stories of underground parking that will house 265 cars.

Developer: church of Jesus christ of latter-day saints

location: 1739 vine street

size: 53,000 sf

start Date: 2013



Description: the first mormon temple in pennsylvania, designed by atlanta-based 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 independence hall’s.

11. PhIladelPhIa FamIly Courthouse

12. PhIladelPhIa PennsylvanIa mormon temPle


MeDiCal

Developer: liberty property trust and the parkway corporation

location: 800 Walnut street

size: 153,242 sf

start Date: october 2011



Description: one of the largest capital projects in the history of pennsylvania hospital, penn medicine Washington square opened in center city in september 2013. liberty property trust, in collaboration with the parkway corporation, built the 260-foot tower atop an existing parkway corporation garage. the tower increases penn’s downtown presence and is close to penn’s pennsylvania hospital and additional offices at the curtis center.

Developer: children’s hospital of philadelphia

location: 700 schuylkill avenue

size: 735,656 sf



investment: $250 - $500 million (media estimates)

Description: as the first 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 for clinical research and administrative programs. the tower will house a research staff of 1,000 and include structured parking and loading. phase 1 will also include surface parking and several public spaces, while allowing for a future connection to the schuylkill river trail. the parcel extends from schuylkill avenue and the railroad tracks, stretching from the south street bridge to approximately catherine street.

13. Penn medICIne WashIngton square

14. ChIldren’s hosPItal oF PhIladelPhIa - sChuylKIll avenue Phase I


resiDential/MixeD-use

Developer: dranoff properties and sbe entertainment Group

location: 309-313 south broad street

size: 422,838 sf

residential units: 125

hotel rooms: 149

start Date: fall 2014



Description: at 47 stories and 562 feet, the sls international will be the tallest residential tower in pennsylvania. the project will include 125 condominiums and the boutique sls hotel. there will be four levels of parking shared by the hotel and residents, as well as ground-floor retail and a corner bar and restaurant. the building will be designed by Kohn pedersen fox associates.

Developer: alterra property Group and the scully company

location: 1515 chestnut street

size: 150,000 sf


start Date: Q2 2014

Completion Date: Q2 2015


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.

Description: the project will convert the office tower into rental apartments. once complete, it will include 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 will have “healthy” features such as circadian lighting that helps regulate melatonin levels, and advanced air purification and water filtration systems.

Developer: alterra property Group, federal capital partners, and cross properties


size: 280,000 sf


start Date: may 2013



15. sls InternatIonal hotel and resIdenCes

16. the ICon

17. avenIr



Developer: alterra property Group


size: 54,000 sf


start Date: 2014



Description: alterra property Group assembled 10 properties on the corner of north third and market streets, where the famous “shirt corner” was once located. plans call for the buildings to be converted into residential apartments with a cvs on the ground floor.

19. 1116-28 Chestnut street

Developer: brickstone realty

location: 1116-1128 chestnut street


start Date: Q4 2013



Description: the development will include 115 high-end rental units and 90,000 sf of commercial space, with dedicated parking for retail. one-bedroom units will range in size from 630 sf to 820 sf and two-bedroom units between 1,054 sf and 1,183 sf.

Developer: brickstone realty


size: 377,321 sf


start Date: tbd

Completion Date: tbd


Description: the 399-foot, 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, to not distract from the lits complex, and the north-south orientation and setback would 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 it will be converted for office use.

18. shIrt Corner

20. mellon IndePendenCe Center toWer


Developer: philadelphia chinatown development corporation and Jna capital, inc.

location: 10th and vine streets

size: 227,000 sf


start Date: 2014




Developer: pearl properties

location: 1901 callowhill street

size: 310,000 sf


start Date: 2012

Completion Date: summer 2013


Description: the new structure totals nine stories and includes 229 high-end rental units and more than 20,000 sf of ground-floor retail. designed by das architects, amenities include a fitness and business center, as well as club room and lounge. shortly after opening, los angeles-based lowe enterprises investors bought the building for $120 million on behalf of an investment client.

Description: philadelphia chinatown development corporation 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, designed to attract foreign investment to projects which promote economic growth and job creation, and is administered through the united states immigration and citizenship services. 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 143 apartments, offices, recreational and retail space, as well as a recreation/event space for the community.

21. eastern toWer CommunIty Center

Developer: pearl properties

location: 1605 sansom street

size: 100,000 sf


start Date: June 2012



Description: designed by das architects, the development includes 104 high-end rental units, as well as ground-floor retail. centrally located in philadelphia’s shopping and dining district, the amenity-rich development includes a fitness center, interior bicycle parking, residents’ lounge, and terrace.

22. the sansom

23. the granary



Developer: brandywine realty trust


size: 450,000 sf

residential units: approximately 300

start Date: Q3 2014



Description: designed by barton partners, this new mixed-use tower will be 367 feet tall and include around 300 upscale apartment units, 223 parking spaces, 108 bike storage spaces, and 25,000 sf of commercial space. the 28-story tower will be built on a vacant lot on the corner of market and 20th streets and will include retail on the ground floor and offices on the second, as well as various amenities and a pool. planned retail and streetscape improvements, including new trees, benches, and bike racks, will activate both market and 20th streets.

Developer: John buck company and indure fund


size: 360,000 sf


start Date: may 2012

Completion Date: september 2013


Description: the residential tower stands 34 stories high and includes 321 rental units, 100 enclosed parking spaces, and 9,000 sf of retail space on the ground floor. it is the first new high-rise rental built in the neighborhood in over a decade. amenities include a sundeck with lawn, green roof, and outdoor kitchen, as well as a club room and a business and fitness center.

Developer: pennrose

location: 249 south 13th street

size: 65,000 sf


start Date: november 2012



Description: this is a venture between pennrose and the dr. magnus hirschfeld fund to create low-income housing for the lGbt community. designed by Wallace roberts & todd, the six-story complex has 56 units. all of the apartments are one-bedroom units and there is 1,800 sf of ground-floor retail.

25. 2116 Chestnut street

26. john C. anderson aPartments

24. 1919 marKet street



Developer: Gelfand yardeni real estate development & management lp


size: 72,300 sf


start Date: december 2012

Completion Date: may 2013


Description: the 65-unit, five-story project has a mix of studio, one-, and two-bedroom units ranging in size from 700 sf to 1,300 sf. located in old city, amenities include club rooms, a dog run, and courtyard. the project also includes 4,000 sf of retail.

Developer: property reserve, inc.

location: 1601 vine street

size: 507,000 sf


start Date: late 2014 (pending entitlements)


investment: $120 million (media estimates)

Description: located on an existing parking lot across the street from the mormon temple currently under construction, the development consists of two projects: a 24,000 sf meetinghouse for the church of Jesus christ of latter-day saints and a new 32-story, 483,000 sf residential tower for property reserve, inc., an affiliate of the church. the development will include 258 market-rate rental apartments, 13 townhomes, and 12,000 sf of ground-floor retail. robert a.m. stern architects of new york will design the project, with blt architects of philadelphia serving as associate architect.

Developer: aquinas realty partners


size: 60,000 sf


start Date: 2014



Description: aquinas realty partners purchased the vacant building from the philadelphia redevelopment authority in 2012. 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.

27. 229 arCh street a boutIque resIdenCe

28. 1601 vIne street

29. aq rIttenhouse



Developer: pmc property Group


size: 300,000 sf


start Date: 2012


Description: the former headquarters of aaa mid-atlantic, the building was acquired by pmc property Group in 2011. pmc added eight stories to the existing structure and converted the building into a residential mixed-use property with 282 rental units, 150 below-grade parking spaces, and 15,000 sf of retail on the ground floor.

Developer: tower investments

location: 1400 spring Garden street

size: 300,000 sf


start Date: 2012

Completion Date: January 2013


Description: phase 1 of the project consisted of the conversion of a former state office building into 204 rental apartments. designed by h2l2 architects, the building was designated historical, allowing the developer to get tax credits to help offset some construction costs. a second phase will entail the construction of a $100 million, 20-story residential tower that will include 60,000 sf of retail space and is planned for four years from now.

30. 2040 marKet street



size: 230,000 sf


start Date: spring 2013


Description: the project will include 236 luxury residential apartments (one- and two-bedroom units), 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.

31. 1900 arCh street

32. toWer PlaCe



Developer: post brothers

location: 315 north 12th street

size: 160,000 sf


start Date: 2012



Description: the project is a loft conversion of the 11-story former Goldtex shoe factory. designed by Klingstubbins, it includes 163 rental units and more than 5,000 sf of retail.

Developer: dranoff properties

location: 210-20 south 25th street

size: 167,610 sf


start Date: January 2015



Description: located at 25th and locust streets, with easy access to schuylkill banks, the high-rise will offer views of both West philadelphia and the river. the new 20-story development will feature 129 apartments, a 1,000 sf cafe, 81 parking spaces, and 49 bike parking spots. plans call for a 14,000 sf landscaped terrace built over the parking/cafe, along with 6,000 sf of shared residential amenities.

Developer: dranoff properties

location: 521-31 south broad street

size: 150,000 sf


start Date: march 2013



Description: located on the northeast corner of broad and south streets, the project will include 85 high-end rental units and more than 10,000 sf of ground-floor retail. units will include studios, one-, and two-bedroom loft apartments with 10-foot ceilings. the project was designed by philadelphia-based architect cecil baker + partners.

33. goldtex

34. one rIversIde PlaCe

35. southstar loFts



Developer: international financial company & dalian development, llc

location: 501 north 22nd street


start Date: 2014


investment: $140 million (approximately)

Description: the development will include a 55,000 sf Whole foods on the ground floor and 293 luxury apartments above. designed by mv + a architects, the development will include parking and 30,000 sf of residential amenity areas, including a swimming pool.



size: 68,460 sf


start Date: 2012


Description: the six-story building was originally constructed in 1926 and is listed on the philadelphia register of historic places. the building was converted into 77 rental units and 3,000 sf of commercial space on the ground floor.

Developer: np international

location: 23rd street between market street and JfK boulevard


start Date: tbd


Description: the river Walk project is an urban redevelopment that is planned to complement the city’s growth and revitalization along the schuylkill river. the project, which encompasses over 8.5 acres, will include residential, commercial, retail, hospitality, and other community amenities serving the logan square neighborhood and surrounding areas. the project is currently going through the planning process.

36. rodIn square

37. Walnut PlaCe

38. rIver WalK PhIladelPhIa



Developer: mrp residential and principal real estate investors


size: 176,000 sf


start Date: late 2014


Description: mrp residential and principal real estate investors acquired the property for a reported $33 million in february 2014. the new owners will redevelop the interior of 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. the lower floors of the building will remain retail. this is the Washington, d.c.-based company’s first acquisition in the center city market.

40. east marKet

Developer: nrea development services

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: 650,000 sf





Description: the project will be a combination of pedestrian-oriented retail, new residential rental apartments, parking, signage, and hospitality uses. phase 1 of the $500 million-plus mixed-use project aims to upgrade philadelphia’s downtown retail district east of broad street. once demolition of the existing structure takes place, 325 rental apartments with parking below and two new retail buildings with led signage totaling 140,000 sf to 150,000 sf will be constructed. they will be designed by blt architects and face market street. if phase 1 goes well, developers plan on extending the project and replacing buildings on the 1100 block of chestnut street with new stores and apartments, bringing the total residential count to as many as 1,000 units. plans for a pedestrian walkway stretching from market street all the way to chestnut street will link neighborhoods south and east. there are also plans to open service alleys on ludlow and clover streets to through traffic.

Developer: toll brothers

location: 2400 south street

size: 235,583 sf


start Date: 2012


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.

39. 1346 Chestnut street

41. 2400 south


resiDential

Developer: toll brothers

location: 513 south second street

size: 151,560 sf


start Date: 2013


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 also will include a courtyard, rooftop terrace, and 110 parking spaces.

Developer: forest city residential

location: 1801 buttonwood street

size: 434,878 sf


start Date: 2014



Description: the existing 300-unit museum towers residential complex is set to nearly double in size. phase 2 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: scannapieco development corporation


size: 178,000 sf


start Date: spring 2015



Description: the 26-story “glass-needle” tower overlooking independence hall will be designed by cecil baker & associates and will be built on a 18,155 sf site that has been vacant for more than a decade. the amenity-rich building will offer everything from a multi-level, glass-enclosed fitness center to a large outdoor terrace overlooking independence national historic park. it also will include an 80-space, underground, fully automated parking system that stores and retrieves vehicles in less than 90 seconds.

42. 410 at soCIety hIll

43. museum toWers II

44. 500 Walnut


retail

name: the Gallery

Developer: preit

location: market street between 8th and 11th streets

start Date: tbd


Description: preit’s strategy is to incorporate first-to-market fashion retailers and artisanal food and restaurant offerings to become the premier destination in philadelphia for shopping, dining, and entertainment.

45. 15th & WalnutDeveloper: midwood investment & development

location: 1426-28 Walnut street

size: 60,000 sf

start Date: Q4 2013


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 as an anchor tenant, along with other tenants that have yet to be announced.

46. the gallery


publiC spaCe

Developer: franklin’s paine skatepark fund

location: benjamin franklin parkway and martin luther King drive

size: 75,000 sf

start Date: october 2012

Completion Date: may 2013


Description: the mixed-use public space was designed by anthony bracali and brian nugent with skateboarding in mind and is set along the banks of the schuylkill river, adjacent to the philadelphia museum of art. the design also accommodates pedestrian and other uses including seating areas, a 360-degree observation deck, an amphitheater for outdoor events, and connections to the benjamin franklin parkway and schuylkill banks.

Developer: schuylkill river development corporation

location: south 25th and locust streets

size: 44,500 sf

start Date: 2012



Description: the existing schuylkill banks trail cannot 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 are building a 2,000-foot concrete structure that will run parallel to the eastern shore of the river from locust street to the new stairtower on the south side of the south street bridge.

Developer: center city district

location: West side of city hall

size: 120,500 sf

start Date: 2012

Completion Date: september 2014


Description: dilworth plaza is being 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 plaza will add 20,571 sf of new useable area and will include a large lawn, tree groves, a programmable fountain, and space for 400 benches and chairs. the underground is being dramatically improved as a new transit gateway, providing entrances to broad street and market street subways and the trolley lines. new elevators will make the transit levels accessible for the first time.

47. FranKlIn’s PaIne sKateParK 48. sChuylKIll banKs boardWalK

Developer: city of philadelphia/interpark

location: 16th street and JfK boulevard

size: 102,802 sf

start Date: tbd



Description: mayor michael a. nutter and city council president darrell l. clarke have reached an agreement that will allow for the rehabilitation of John f. Kennedy plaza, known as love park. plans include the sale of the garage beneath love park for $30 million. the design features will be decided through a public process.

50. john F. Kennedy Plaza/love ParK

49. dIlWorth Plaza


aCknowleDgeMents

InformatIon Partnersalterra property Group – leo addimando & henry sullivanaquinas realty partners – leonard ponciablt architects – heidi m. thiedebrandywine realty trust – Gerard h. sweeney & paul commitobrickstone realty – mark merlinicashman & associates – laura Krebs, michelle conron and Jacklin rhoadscity creek reserve – dale K. bills chestlen development – brook lenfestthe children’s hospital of philadelphia (chop) – peter m. Grollmanthe church of Jesus christ of latter-day saints – blake rosenthalcity of philadelphia department of commerce – dawn summervillecity of philadelphia department of parks & recreation – mark fochtdranoff properties – carl dranoff & caitlyn mcGraththe franklin institute – stephanie santofranklin’s paine skatepark – Josh dubinfringearts – dan comly Gelfand yardeni real estate development & management lp – Kat sullivanGibbs management – andrew Gibbsinternational financial company – odara nashKimmel center for the performing arts – edward cambron & david thielemidwood investment & development – michelle Goldmanmrp residential – Kristian demeomuseum of the american revolution – zeeann masonnp international – brent reynoldsnrea development services – daniel Killingerp&a associates – alan casnoff & robert shawthe parkway corporation – Joseph zuritsky & robert zuritskypearl properties – James pearlsteinpmc property Group – ron caplan and arrus farmerpost brothers – matthew pestronkphiladelphia chinatown development corporation – sarah yeungphiladelphia parking authority – timothy thornton & richard d. dicksonpreit – heather crowell & haley samsischuylkill river development corporation – Joseph r. syrnicktoll brothers – brian emmonsWallace roberts & todd – antonio fiol-silva and Joe salerno

PhotograPhy & renderIngsalterra property Groupblt architectsbrandywine realty trustcecil baker & associateschestlen development children’s hospital of philadelphia (chop)comcastcoscia moos architectsdranoff propertiesewingcolethe franklin institutefranklin’s paine skateparkGensler architectsGreg bensonintellectual reserve, inc.J. fusco for visit philadelphiaJ. smith for visit philadelphiaJpra architectsKierantimberlake architectsKlingstubbinsmidwood investment & developmentmrp residentialmv + a architectspmc property Groupperkins eastmanpost brothersrobert a.m. stern architectsschuylkill river development corporationstantectoll brothersvarenhorst architectsWallace roberts & todd

for updates, visit www.centercityphila.org/developments

Center City District & Central Philadelphia Development Corporation www.CenterCityPhila.org24

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

www.CenterCityPhila.org

center city philadelphia developments...

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