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CENTER CITY PHILADELPHIA

DEVELOPMENTS2015–2019

CENTER CITY DISTRICT AND CENTRAL PHILADELPHIA DEVELOPMENT CORPORATION

CENTER CITY DISTRICT & CENTRAL PHILADELPHIA DEVELOPMENT CORPORATION WWW.CENTERCITYPHILA.ORG

CULTURAL

COMMERCIAL/MIXED-USE

DEVELOPMENTS MAP

INTRODUCTION

GOVERNMENT & NON-PROFIT INSTITUTIONS

HEALTHCARE & EDUCATION

HOSPITALITY

PUBLIC SPACE

RESIDENTIAL

RESIDENTIAL/MIXED-USE

RETAIL

ACKNOWLEDGMENTS

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2 CENTER CITY DISTRICT & CENTRAL PHILADELPHIA DEVELOPMENT CORPORATION WWW.CENTERCITYPHILA.ORG

Construction cranes are visible everywhere. Eleven major development projects, totaling almost $200 million, were com-pleted in 2015 between Fairmount and Washington Avenues, river to river. Another 42 projects of all types, totaling $5.2 billion in new investment were under construction at the end of December 2015, while 29 more, totaling $3 billion, have been announced.

Residential developments are setting the pace. Half of the 82 projects counted in this report are residential/mixed-use; another 11 are strictly residential. Remaining projects include hotels, commercial/mixed-use, public space improvements, retail, healthcare and education, government and non-profit, and cultural developments. All are categorized by type and are mapped on pages 4–5.

Still, the largest development in the city’s history is Liberty Property Trust’s $1.5 billion Comcast Innovation and Technology Center. The new tower, rising at 18th and Arch Streets, will add more than 1.3 million square feet of trophy office space down-town; all will be leased by Comcast. A much smaller cluster of creative office space is under construction east of Broad Street signaling a new interest in more flexible workspace in the rapidly improving East Market corridor.

Significant improvements in Pennsylvania Convention Center management and well-targeted, successful advertising for lei-sure, convention and business travel have created more demand for downtown hotel rooms. Eleven hotels are under construction or are in the pipeline, including a new Four Seasons, W Hotel, Element by Westin, Aloft, Cambria, and Fairfield Inn. In all, Cen-ter City will add 2,772 new hotel rooms, pushing the downtown total over 13,000 rooms by 2019.

Since 2000, Center City’s population has increased 17%, as millennials, empty-nesters, and families with children have chosen to live near work and a broad range of dining, cultural, and entertainment offerings. Currently, 4,185 units are under construction and scheduled for completion by 2018. Several thousand more units have been announced.

The combined effect of a growing residential population, in-creasing overnight visitation and steady job growth has spurred several large-scale retail projects, such as National Real Estate Development’s East Market project, scheduled for completion in 2017, and PREIT and Macerich’s redevelopment of The Gallery, scheduled for completion in 2018. Almost 2.9 million square feet of retail is expected to be added with a majority located east of Broad Street, where there is room to accommodate the larger floor plates that big-box retailers prefer.

$8.5 BILLION IN MAJOR DEVELOPMENTS

10,721 RESIDENTIAL UNITS

2,772 HOTEL ROOMS

3,529,476 SF OF COMMERCIAL/MIXED-USE

2,860,139 SF OF NEW RETAIL*

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 2015. 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” proj-ects, as well as any retail square footage in developments categorized as “residential/mixed-use,” “commercial/mixed-use” and “hospitality” projects.

MAJOR PROJECTS COMPLETED IN 2015 AND IN THE PIPELINE

Source: Developments Database, Center City District

62% RESIDENTIAL/MIXED-USE 17,224,912 SF

13% COMMERCIAL/MIXED-USE 3,529,476 SF

7% HOSPITALITY 1,911,051 SF

6% RESIDENTIAL 1,796,454 SF 6% RETAIL 1,560,000 SF

3% HEALTHCARE/EDUCATION 759,656 SF

2% PUBLIC SPACE 611,087 SF

1% CULTURAL 286,000 SF

0.3% GOVERNMENT & NON-PROFIT 93,000 SF

27.8 MILLIONTOTAL SF


MAJOR DEVELOPMENTS IN CENTER CITY BY TYPE AND SQUARE FOOTAGE

INTRODUCTION

3CENTER CITY DISTRICT & CENTRAL PHILADELPHIA DEVELOPMENT CORPORATION WWW.CENTERCITYPHILA.ORG

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TBD20192018201720162015

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DEVELOPMENTS


MAJOR DEVELOPMENTS IN CENTER CITY BY COMPLETION DATE

14% COMPLETED

51% UNDER CONSTRUCTION

35% ANNOUNCED

82TOTAL

DEVELOPMENTS


MAJOR DEVELOPMENTS IN CENTER CITY BY STATUS

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319 3,087

2015 2016 2017 2018 2019 TBD


RESIDENTIAL UNITS

DELIVERY OF RESIDENTIAL UNITS IN MAJOR DEVELOPMENTS IN CENTER CITY

THE LARGEST DEVELOPMENT IN THE CITY'S HISTORY IS THE

$1.5 BILLION COMCAST INNOVATION AND TECHNOLOGY CENTER, RISING AT 18TH AND ARCH STREETS.

INTRODUCTION


DEVELOPMENTS

City HallMARKET ST

GIRARD AVE

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DEVELOPMENTS IN CENTER CITY

Source: Development Database, Center City District

CULTURAL



HOSPITALITY

RETAIL

PUBLIC SPACE

RESIDENTIAL



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WHILE HOUSING STILL DOMINATES, A BROAD RANGE OF OFFICE, HOTEL AND RETAIL DEVELOPMENTS ARE UNDERWAY ACROSS CENTER CITY.

DEVELOPMENTS


DEVELOPMENTS

City HallMARKET ST

GIRARD AVE

VINE ST

WASHINGTON AVE

FAIRMOUNT AVE

PINE ST

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DEVELOPMENTS IN CENTER CITY

Source: Development Database, Center City District

CULTURAL



HOSPITALITY

RETAIL

PUBLIC SPACE

RESIDENTIAL



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COMMERCIAL/MIXED-USE1. SoNo

2. Stock Exchange Building Renovation

3. The Hale Building

4. The Steele Building

5. Comcast Innovation and Technology Center

6. The Bourse

7. 1618-22 Chestnut

8. PPA 8th & Filbert Garage

CULTURAL9. Museum of the

American Revolution

10. Philadelphia Museum of Art Expansion

GOVERNMENT & NON-PROFIT INSTITUTIONS11. Philadelphia Pennsylvania

Mormon Temple

12. The Free Library of Philadelphia Parkway Central Renovation

HEALTHCARE & EDUCATION13. Children's Hospital of

Philadelphia - Schuylkill Avenue, Phase I

14. Thomas R. Kline Institute of Trial Advocacy

HOSPITALITY15. Marriott AC

16. W Hotel and Element by Westin

17. Hyatt Centric

18. The Logan

19. Cambria Hotel & Suites

20. Kimpton Hotel

21. Aloft Hotel

22. Fairfield Inn and Suites by Marriott

PUBLIC SPACE23. June 5th Memorial Park

24. Viaduct Rail Park, Phase I

25. Race Street Connector, Phase II

26. John F. Kennedy Plaza/LOVE Park

27. Penn's Landing

28. Spring Garden Street Connector

RESIDENTIAL29. One Riverside

30. The Residences at Two Liberty Place

31. Mural Arts Lofts

32. Museum Towers II

33. The Griffin

34. BridgeView

35. 1900 Arch Expansion

36. 401 Race Street

37. 500 Walnut

38. 410 at Society Hill

39. Waverly Court

RESIDENTIAL/MIXED-USE40. Park Towne Place

41. The Sterling

42. Lincoln Square

43. The Shirt Corner

44. Avenir

45. AQ Rittenhouse

46. 1919 Market

47. Mellon Independence Center (MIC) Tower

48. 1112-1128 Chestnut Street

49. Bridge

50. Renaissance Plaza

51. SLS LUX Philadelphia Hotel & Residences

52. The Hyde

53. Royal Theater

54. Divine Lorraine

55. Rodin Square

56. The Curtis Center

57. 9th and Washington

58. East Market, Phase I

59. Hanover North Broad

60. 1700 Chestnut

61. The Beacon

62. 19th + Chestnut

63. The Latham

64. Eastern Tower Community Center

65. 218 Arch Street

66. One Water Street

67. One Franklin Tower

68. 2400 Market Street

69. 1401 Spruce Street

70. The Roosevelt Apartments

71. Transatlantic

72. Francis House of Peace

73. 1601 Vine Street

74. 1300 Fairmount

75. 1911 Walnut Street

76. The National

77. 1213 Walnut

78. 2400 South

79. 1001 South Broad

80. 900-934 Callowhill

RETAIL81. 1436-28 Walnut

82. Fashion Outlets of Philadelphia



1. SoNoDEVELOPER: Alliance Partners HSP, LLC

LOCATION: 456 North 5th Street

SIZE: 225,000 sf

START DATE: Q3/Q4 2016

COMPLETION DATE: Q2/Q3 2017

STATUS: Announced

INVESTMENT: $30 Million+

DESCRIPTION: Alliance Partners HSP will be converting the former Destination Maternity warehouse, located between Philadelphia’s downtown core and Northern Liberties’ millennial workforce, into a mixed-use project. Called SoNo, this project will likely feature a mix of office, retail and residential uses consistent with the new CMX zoning overlay that covers 2nd to 6th Streets and Spring Garden to Callowhill Streets.

2. STOCK EXCHANGE BUILDING RENOVATIONDEVELOPER: Brandywine Realty Trust

LOCATION: 1900 Market Street

SIZE: 456,922 sf

START DATE: July 2014

COMPLETION DATE: January 2016

STATUS: Completed

INVESTMENT: $21 Million

DESCRIPTION: Brandywine Realty Trust completed renovating the interior and exterior of 1900 Market Street, the former Stock Exchange Building, in January 2016. The renovation brings the office building up to Class A standards and includes open-floor plans with collaborative work and meeting areas. It was an-nounced in April 2015 that Independence Blue Cross will lease a significant portion of the renovated building, taking 112,000 sf on two floors. The building has approximately 25,000 sf of retail on the ground floor and will include a 7,000-sf Wawa, the company’s largest.

Alliance Partners HSP, LLC

Granum Associates



3. THE HALE BUILDINGDEVELOPER: Brickstone Realty

LOCATION: 1326 Chestnut Street

SIZE: 47,940 sf

START DATE: October 2015

COMPLETION DATE: December 2016

STATUS: Under Construction


DESCRIPTION: Brickstone Realty purchased the historic Hale Building at Chest-nut and Juniper Streets in September 2015 for $4.7 million. Plans include adding creative office space on floors three through eight and two retail spaces totaling 10,205 sf – a multi-story restaurant on Chestnut Street and café on Sansom Street. The building will include a roof deck divided into multiple spaces to be shared by office users.

4. THE STEELE BUILDINGDEVELOPER: Brickstone Realty

LOCATION: 15 South 11th Street

SIZE: 36,000 sf

START DATE: 2015




DESCRIPTION: Brickstone is currently converting the Steele Building into a mixed-use property that will include four floors of creative office space (23,255 sf) and a bi-level restaurant/retail space (8,500 sf). The project will include a full façade restoration and roof-top deck for office space.

JKRP Architects

DAS Architects


5. COMCAST INNOVATION AND TECHNOLOGY CENTERDEVELOPER: Liberty Property Trust

OWNER: Comcast Corporation and Liberty Property Trust

LOCATION: 1800 Arch Street

SIZE: 1,803,000 sf

HOTEL ROOMS: 222

START DATE: Summer 2014

COMPLETION DATE: Q1 2018


INVESTMENT: $1.5 Billion

DESCRIPTION: The 60-story Comcast Innovation and 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, with interiors designed by Gensler, the building will provide office space for Comcast and house the 222-room Four Seasons Hotel. The project will add 1,330,000 sf of rentable office space, 230,112 sf of hotel space, and 2,682 sf of retail space. Comcast plans to relocate NBC 10 and Telemundo from Bala Cynwyd to the new office tower in Center City, adding a media center in the heart of the downtown, as well as housing a state-of-the-art incubator space for local technology start-ups.

6. THE BOURSEDEVELOPER: MRP Realty

LOCATION: 400 Market Street, 325 Chestnut Street, 111 South Independence Mall East and 400 Ranstead Street

SIZE: 702,014 sf

START DATE: TBD

COMPLETION DATE: TBD

STATUS: Announced


DESCRIPTION: Washington, D.C.-based MRP Realty purchased Kaiserman’s Old City portfolio that includes three office buildings and a garage with movie theater for $110 million. Preliminary plans include upgrades to the Class B office space, including façade renovations, new common areas and amenity spaces, as well as repositioning of the ground-floor retail at the Bourse and garage where the movie theater is located.

Comcast



7. 1618-22 CHESTNUTDEVELOPER: Pearl Properties

LOCATION: 1618-22 Chestnut Street

SIZE: 100,000 sf

START DATE: Q4 2015

COMPLETION DATE: Summer 2016


DESCRIPTION: Pearl Properties purchased the Art Deco building from the Art Institute of Philadelphia in August 2015. The project, currently under construction, will include an Old Navy flagship on three levels and 75,000 sf of office space on the upper floors.

8. PHILADELPHIA PARKING AUTHORITY’S 8TH & FILBERT GARAGEDEVELOPER: Philadelphia Parking Authority (PPA)

LOCATION: 801 Filbert Street

SIZE: 158,600 sf

START DATE: 2013

COMPLETION DATE: Winter 2016

STATUS: Under Construction (substantially complete)


DESCRIPTION: This project turns the 8th and Filbert garage into a gateway between Chinatown and Market Street by improving the streetscape. Designed by Wallace Roberts & Todd (WRT), it includes equipping the parking garage with new façades, green elements, new interior paint and lights, as well as LED lights hanging over 8th Street. Retail spaces under the garage will be revamped into a retail corridor. 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. At the end of 2015, the project was substantially completed.

Pearl Properties



CULTURAL

9. MUSEUM OF THE AMERICAN REVOLUTIONDEVELOPER: Museum of the American Revolution

LOCATION: Southeast corner of 3rd and Chestnut Streets

SIZE: 117,000 sf

START DATE: 2014

COMPLETION DATE: 2016



DESCRIPTION: Designed by Robert A.M. Stern Architects, the museum will add another attraction to Philadelphia’s historic district. Philadelphia-based INTECH Construc-tion 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 are expected to generate a one-time economic impact of $135.9 million in direct and indirect spending. The museum plans to open to the public in spring 2017.

10. PHILADELPHIA MUSEUM OF ART EXPANSIONDEVELOPER: Philadelphia Museum of Art

LOCATION: 2600 Benjamin Franklin Parkway

SIZE: 169,000 sf

START DATE: TBD


STATUS: Announced

INVESTMENT: $150 Million-$160 Million (Phase I)

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 im-provements to visitor entry and movement 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, allowing for pieces of the project to be built at different times as funding becomes available. The project cost of the multi-phase project will total $350 million.

Philadelphia Museum of Art

NC3D for Robert A.M. Stern Architects


12. THE FREE LIBRARY OF PHILADELPHIA PARKWAY CENTRAL RENOVATIONDEVELOPER: The Free Library of Philadelphia

LOCATION: 1901 Vine Street

SIZE: 40,000 sf

START DATE: Fall 2016

COMPLETION DATE: Winter 2018

STATUS: Announced



11. PHILADELPHIA PENNSYLVANIA MORMON TEMPLEDEVELOPER: Church of Jesus Christ of the Latter-day Saints


SIZE: 53,000 sf

START DATE: 2013




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. Additionally, a separate Meetinghouse for the Church of Jesus Christ of Latter-day Saints is being built at 17th and Vine Streets.

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 was dedicated to the creation of several new public spaces at the Parkway Central Library designed by internationally acclaimed architect Moshe Safdie—The Common, the Business Resource and Innovation Center (BRIC), the Marie and Joseph Field Teen Center, and an expanded grand staircase connecting old spaces with new. The Common will serve as an active community space where individuals can gather to create, collaborate, and share. The BRIC will offer incu-bator space for new projects and assist entrepreneurs with realizing their ideas. The Field Teen Center will allow the Library to provide enhanced and expanded teen programming. With a budgeted project cost of $35 million, the Free Library has to raise an additional $13 million to reach its goal and complete this phase of renovations at the Parkway Central Library.

FFKR Architects

The Free Library of Philadelphia



DESCRIPTION: As the first phase of a four-phase master plan, the project includes the construction of a new, 21-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 con-nection to the Schuylkill River Trail. CHOP is negotiating with CSX for a promenade over the tracks and a bridge to Schuylkill Banks.

14. THOMAS R. KLINE INSTITUTE OF TRIAL ADVOCACYDEVELOPER: Drexel University


SIZE: 24,000 sf




INVESTMENT: $14.8 Million

DESCRIPTION: The former Beneficial Bank designed by Horace Trumbauer on the corner of 12th and Chestnut Streets was ac-quired by attorney Thomas R. Kline in July 2013. In September 2014, he donated the building to Drexel as part of a $50 million gift 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.

13. CHILDREN’S HOSPITAL OF PHILADELPHIA - SCHUYLKILL AVENUE, PHASE IDEVELOPER: Children’s Hospital of Philadelphia

LOCATION: 2716 South Street

SIZE: 735,656 sf


COMPLETION DATE: Spring 2017


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

Ballinger and Pelli Clark Pelli Architects

Drexel University Communications


HOSPITALITY

15. MARRIOTT ACDEVELOPER: Baywood Hotels

LOCATION: 228-38 North 13th Street

HOTEL ROOMS: 150

START DATE: TBD


STATUS: Announced

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 de-veloper Baywood Hotels is interested in the site given its prox-imity to the Pennsylvania Convention Center, and is 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 Euro-pean brand, the first 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 is proposed LEED Gold and will include a green roof.

16. W HOTEL AND ELEMENT BY WESTINDEVELOPER: Chestlen Development


SIZE: 770,607 sf

HOTEL ROOMS: 755

START DATE: March 2015




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. Each hotel will have a separate entrance and lobby. The W will have an entrance on Chestnut Street, a 150-seat, ground-floor destination restaurant, 7,000-sf outdoor terrace with year-round outdoor pool and destination bar, a spa and gym, and 45,000 sf of meeting and event space. The ground floor will provide elevator access to the Element’s main lobby on the second floor. The Element will have a breakfast and lounge area, fitness center, branded meeting space, and will seek LEED certification. 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 mil-lion in Tax Increment Financing.

spg3 architects

Cope Linder


17. HYATT CENTRICDEVELOPER: Clemens Construction

LOCATION: 1602-34 Chancellor Street

SIZE: 219,600 sf

HOTEL ROOM: 310

START DATE: TBD


STATUS: Announced


DESCRIPTION: Designed by DAS Architects, the $125 million property will feature high-end amenities, sustainable building materials, 310 guest rooms and a penthouse floor 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.

HOSPITALITY

18. THE LOGANDEVELOPER: Host Hotels & Resorts and Sage Hospitality

LOCATION: One Logan Square

SIZE: 329,844 sf

HOTEL ROOMS: 391

START DATE: June 2015


STATUS: Completed


DESCRIPTION: Sage Hospitality took over operations of the former Four Seasons Hotel at Logan Square in June 2015. The renovat-ed property reopened at the end of 2015 as a 4.5-star hotel, The Logan. The $28 million renovation included extensive improve-ments to the ballroom, meeting space, and fitness center, as well as an added roof-top lounge, high-end coffee bar, and a new restaurant called The Urban Farmer. The Logan is a Curio, A Collection by Hilton Hotel, and includes 391 rooms, 64 of which are suites.

© 2016 Curio


HOSPITALITY

19. CAMBRIA HOTEL & SUITESDEVELOPER: Pearl Properties

LOCATION: 219-225 South Broad Street

SIZE: 176,000 sf

HOTEL ROOMS: 220

START DATE: 2015



DESCRIPTION: Choice Hotels International announced in November that they had signed an agreement with franchise partner Pearl Properties to develop a new Cambria Hotel & Suites in Center City. The 15-story hotel will be located on the northeast corner of Broad and Locust Streets, along the Avenue of the Arts, and will add 20,000 sf of retail. The hotel will be owned by Pearl Properties and managed by Concord Hospitality, one of the nation’s leading lodging management companies.

20. KIMPTON HOTELDEVELOPER: Peebles Corp. and P&A Associates


SIZE: 250,000 sf

HOTEL ROOMS: 199

START DATE: December 2016

COMPLETION DATE: June 2018

STATUS: Announced


DESCRIPTION: The former 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 signifi-cant 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.

Pearl Properties

Gensler


21. ALOFT HOTELDEVELOPER: Realen and HRI Properties

LOCATION: 101 North Broad Street

SIZE: 115,000 sf

HOTEL ROOMS: 179

START DATE: 2015



DESCRIPTION: Realen has acquired the historically certified 21-story Liberty Title and Trust Building and together in a joint venture with HRI Proper-ties of New Orleans is in the process of restoring the building and con-verting it into a 179-key Aloft Hotel by Starwood. The building is situated adjacent to and will have direct access to the main entrance lobby of the expanded Pennsylvania Convention Center.

22. FAIRFIELD INN AND SUITES BY MARRIOTTDEVELOPER: The Wankawala Organization


SIZE: 50,000 sf

HOTEL ROOMS: 118

START DATE: 2015



DESCRIPTION: The Wankawala Organization purchased the Parker-Spruce Hotel on the corner of 13th and Spruce Streets and plans to renovate the property into a Fairfield Inn and Suites by Marriott. Marriott has waived the prototype requirements, giving the project a custom buildout and boutique-like feel.The new Fairfield Inn and Suites, designed by SgRA Architects, will have a small meeting room, fitness facility and corner restaurant space that serves as the breakfast area, and switches over to a full-service restaurant, possibly with outdoor dining, in the evening.

HOSPITALITY

Realen


23. JUNE 5TH MEMORIAL PARKDEVELOPER: June 5th Memorial Park Committee


SIZE: 3,125 sf

START DATE: April 2016

COMPLETION DATE: November 2016



DESCRIPTION: On June 5, 2013, a bungled building demolition collapsed a party wall, destroying a Salvation Army Thrift Store at 22nd and Market Streets, killing six people. This preventable trag-edy will be perpetually memorialized through the creation of a memorial park on the site that will provide a contemplative respite for visitors while preserving the memory of those lost. With a sensitive design that includes a compelling, memorial public sculpture, landscaping, interpretive information, innovative lighting and the highest quality of materials, this public park will become part of the Fairmount Park system upon completion.

24. VIADUCT RAIL PARK, PHASE IDEVELOPER: Center City District

LOCATION: Callowhill Street to Noble Street

SIZE: 26,000 sf

START DATE: 2016


STATUS: Announced


DESCRIPTION: The Viaduct Rail Park 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 elevated park 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 neighbor-hood. Phase I of the project will involve the transformation of a 26,000-sf section of the Viaduct known as the SEPTA Spur, and will include landscaping, adding stairs that connect the railway to the street level, waterproofing the viaduct’s leaking under-side, and environmental remediation.

PUBLIC SPACE

Scott Aker, AIA


25. RACE STREET CONNECTOR, PHASE IIDEVELOPER: Central Delaware Waterfront Corporation

LOCATION: North side of Race Street between 2nd Street and Columbus Boulevard

START DATE: 2016


STATUS: Announced


DESCRIPTION: This project will improve pedestrian and bicycle access to the Race Street Pier from Front and Race Streets. New lighting, landscap-ing 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 2016.

26. JOHN F. KENNEDY PLAZA/LOVE PARKDEVELOPER: City of Philadelphia/InterPark

LOCATION: 16th Street and John F. Kennedy Boulevard

SIZE: 102,802 sf

START DATE: February 2016




DESCRIPTION: In February 2016, the City of Philadelphia broke ground on a project to rehabilitate John F. Kenne-dy Plaza, known as LOVE Park. The new design will re-place the park’s clunky hardscaping with gently sloping lawns and colorful flower beds. The cylindrical building that currently houses an information center will become a food and beverage operation, while the large central fountain will shrink slightly and will be accompanied by a “Bird’s Nest” of smaller criss-crossing jets. Robert Indiana’s famous LOVE sculpture will remain, and be resituated to take advantage of optimal sightlines along the Benjamin Franklin Parkway.

PUBLIC SPACE

Delaware River Waterfront Corporation

KieranTimberlake


27. PENN’S LANDINGDEVELOPER: Delaware River Waterfront Corporation

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

SIZE: 479,160 sf

START DATE: TBD


STATUS: Announced


28. SPRING GARDEN STREET CONNECTORDEVELOPER: Delaware River Waterfront Corporation

LOCATION: I-95 Overpass at Spring Garden Street

START DATE: 2015




PUBLIC SPACE

DESCRIPTION: An 11-acre park will stretch from Front Street to the Delaware River, capping I-95 and engi-neered 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 $250 million in-vestment will spur development (an estimated $800 million to $1 billion), creating a mixed-use residen-tial 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.

DESCRIPTION: As part of its connector street program, the Delaware River Waterfront Corporation is currently working with RBA group to design streetscape improvements to Spring Garden Street between Columbus Boulevard/Delaware Avenue and 2nd Street, including a new lighting and public art installation under the I-95 overpass and Spring Garden transit stop. The streetscape improvements were completed in Fall 2015 and the underpass lighting and artistic screens will be installed in Winter 2016. The artistic lighting and screens were designed by Cloud Gehshan Associates and The Lighting Practice and fabricated by Urban Sign. This project is intended to improve pedestrian and bike connections from Northern Liberties to the riverfront, increase usage of public transportation, and ultimately connect to the waterfront trail.


Hargreaves Associates and Redsquare


Dranoff Properties

30. THE RESIDENCES AT TWO LIBERTY PLACEDEVELOPER: Dranoff Properties and iStar Financial, Inc.


SIZE: 116,600 sf

RESIDENTIAL UNITS: 73


COMPLETION DATE: March 2016

STATUS: Completed


DESCRIPTION: iStar Financial completed the remaining portion of the 58-story skyscraper, Two Liberty Place. They have partnered with Dranoff Properties and converted the space into 73 luxury condominiums on floors 48-57. The sales center opened in March 2015 on the 44th floor with completely redesigned residen-tial units. An upgraded lobby, street entrance, and amenities were also included.

29. ONE RIVERSIDEDEVELOPER: Dranoff Properties

LOCATION: 210-20 South 25th Street

SIZE: 167,610 sf


START DATE: May 2015

COMPLETION DATE: August 2017



DESCRIPTION: Located at the intersection of 25th and Locust Streets, at the entrance to 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 condomini-ums 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 con-do building started since the financial crisis derailed the 2004-08 construction boom.

Dranoff Properties

RESIDENTIAL


32. MUSEUM TOWERS IIDEVELOPER: Forest City Residential Group

LOCATION: 1801 Buttonwood Street

SIZE: 434,000 sf


START DATE: 2015




DESCRIPTION: The existing Museum Towers residential complex is set to 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.

31. MURAL ARTS LOFTSDEVELOPER: EB Realty Management Corporation


SIZE: 72,000 sf




STATUS: Completed


DESCRIPTION: Purchased by Eric Blumenfeld’s EB Realty Management Corporation in 2012, the former Thaddeus Stevens School was redeveloped 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 incorporated existing elements found in the school into the residential conversion, including existing chalkboards and oak cabine-try from the classrooms. The project team included architect Richard Sauder, engineer David Chou and construction company Domus.

Moustafa Moustafa

Perkins Eastman Architects

RESIDENTIAL


34. BRIDGEVIEWDEVELOPER: National Realty Investment Advisors

LOCATION: 787 Swanson Street

SIZE: 171,000 sf





DESCRIPTION: National Realty Investment Advisors is developing a 75-townhome development in Queen Village, where the I-95 Washington Avenue off-ramp meets Columbus Boulevard. Each three-bedroom, three-bath home will be 1,800 square feet – three stories on a 16-by-45-foot footprint. Each will also have its own rooftop deck – the sights from which inspired the name, BridgeView. The development is designed by JKR Partners of Philadelphia.

33. THE GRIFFINDEVELOPER: MRP Residential and Principal Real Estate Investors


SIZE: 209,095 sf


START DATE: Q4 2014



DESCRIPTION: MRP Residential and Principal Real Estate Investors acquired the property for a reported $33 million in February 2014 and 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.

JKR Partners

JRKP Architects

RESIDENTIAL


36. 401 RACE STREETDEVELOPER: Priderock Capital Partners, LLC

LOCATION: 401 Race Street

SIZE: 193,589 sf


START DATE: Q1 2016


STATUS: Announced

DESCRIPTION: Priderock Capital Partners, LLC is planning to construct a new 193,589 sf residen-tial development in Old City. The project, which is within walking distance of Franklin Square and the many retail and cultural attractions in Old City, will add 216 apartments to the area. It will also include two interior courtyards, 144 parking spaces in an underground parking lot, and an additional 40 in a surface parking lot.

DESCRIPTION: Given the success of 1900 Arch, the developer added a 55-unit expansion on the building’s west side that runs parallel to the existing structure, from Arch to Cuthbert. The addition brings the complex’s total unit count to 303. Designed by Varenhorst of Philadelphia, it includes a private courtyard on the first level, as well as a green roof and other sustainable features.

BartonPartners

PMC Property Group

RESIDENTIAL

35. 1900 ARCH EXPANSIONDEVELOPER: PMC Property Group


SIZE: 57,000 sf


START DATE: September 2014


STATUS: Completed



38. 410 AT SOCIETY HILLDEVELOPER: Toll Brothers

LOCATION: 410 South Front Street

SIZE: 151,560 sf


START DATE: 2013

COMPLETION DATE: Fall 2015

STATUS: Completed

DESCRIPTION: Located at the former New Market site on the eastern hem of Headhouse Square and Front Street, the project includes 55 luxury condominiums ranging from one to four bed-rooms. The building also includes a courtyard, rooftop terrace, and 110 parking spaces.

39. WAVERLY COURTDEVELOPER: Yess Properties


SIZE: 46,000 sf






DESCRIPTION: JKRP Architects is designing a six-story building on a former surface parking lot next to the existing Waverly Court building. The existing building will gain a two-story addition. The building will house 61 apart-ments, 6 parking spaces for cars and 38 parking spaces for bicycles.

JRKP Architects

RESIDENTIAL

37. 500 WALNUTDEVELOPER: Scannapieco Development Corporation

LOCATION: 500 Walnut Street

SIZE: 178,000 sf






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 Historical Park. It will also include a 90-space, underground, fully-automated parking system that stores and retrieves vehicles in less than 90 seconds.

Scannapieco Development Corporation


41. THE STERLINGDEVELOPER: Aimco

LOCATION: 1815 John F. Kennedy Boulevard

SIZE: 839,000 sf


START DATE: 2014




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 is being repositioned with new tenants, uses, and storefronts.

40. PARK TOWNE PLACEDEVELOPER: Aimco

LOCATION: 2200 Benjamin Franklin Parkway

SIZE: 1,179,000 sf


START DATE: 2013




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.

Aimco

Aimco

42. LINCOLN SQUAREDEVELOPER: Alterra Property and MIS Capital

LOCATION: Northwest corner of Broad Street and Washington Avenue

SIZE: 450,000 sf


START DATE: January 2017


STATUS: Announced


DESCRIPTION: The now-vacant lot at the northwest corner of Broad and Washington Streets will be developed into a mixed-use project consisting of 356 apartments and 72,000 sf – 75,000 sf of retail with approximately 350 dedicated parking spaces.

BLT Architects

RESIDENTIAL/MIXED USERESIDENTIAL/MIXED-USE



45. AQ RITTENHOUSEDEVELOPER: Aquinas Realty Partners


SIZE: 79,046 sf


START DATE: 2014


STATUS: Completed


DESCRIPTION: Aquinas Realty Partners purchased the vacant build-ing from the Philadelphia Redevelopment Authority in 2012. Designed by BLT Architects, the 12-story building replaced an existing structure, which was demolished, with 110 apartment units, 4,834 sf of ground-floor retail space, an interior court-yard, bicycle storage, and 9,600 sf of expansion space for the Freire Charter School, a high school that occupies the building next door. In summer 2015, the newly constructed property was purchased for $51.1 million by LaSalle Investment Management, a Chicago-based investment manager.

FlossBarber

Jeffrey Totaro

DESCRIPTION: Alterra Property Group assembled 10 properties on the corner of North 3rd and Market Streets, where the famous “Shirt Corner” was once located. The existing buildings could not be saved because of structural degradation and thus the entire site was demolished. Today there stands a four- to five-story, 75,000-sf building comprising 59 apartments, a CVS and Snap Kitchen on the ground floor, and parking in the rear off Church Street.

Daniel Jackson

44. AVENIRDEVELOPER: Alterra Property Group and The Scully Company


SIZE: 150,000 sf


START DATE: Q2 2014


STATUS: Completed


DESCRIPTION: The project entailed the redevelopment of a historic Class B office building into 180 Class A apartments and 7,500 sf of enhanced ground-floor retail. Forty-five of the units are micro units under 350 sf.

43. THE SHIRT CORNERDEVELOPER: Alterra Property Group


SIZE: 75,000 sf


START DATE: 2014

COMPLETION DATE: Fall 2015

STATUS: Completed




46. 1919 MARKETDEVELOPER: Brandywine Realty Trust and LCOR


SIZE: 455,000 sf


START DATE: Q4 2014




DESCRIPTION: Designed by BartonPartners, this new mixed-use tower will be 332 feet tall and include 321 upscale apartments, 215 parking spaces, 108 bike storage spaces, and 24,000 sf of office and retail space. The 29-story tower on the corner of Market and 20th Streets 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, demonstra-tion 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.

47. MELLON INDEPENDENCE CENTER (MIC) TOWERDEVELOPER: Brickstone Realty


SIZE: 377,321 sf


START DATE: TBD


STATUS: Announced


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 7th and 8th 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.

Brandywine Realty Trust

Brickstone Realty


48. 1112-1128 CHESTNUT STREETDEVELOPER: Brickstone Realty


SIZE: 192,000 sf


START DATE: Q4 2013

COMPLETION DATE: Spring/Summer 2016



49. BRIDGEDEVELOPER: Brown Hill Development

LOCATION: 205 Race Street

SIZE: 169,900 sf


START DATE: August 2015




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 Cen-ter City. The apartments will be a mix of studios and one- and two-bed-room 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.

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 retail and residential units; 1108-1110 Chestnut, a 16,920-sf building that will include 8,000 sf of retail and office space on floors two through five; and a parking garage at 12th and Sansom Streets to be converted into a large, mixed-use project in the future. Target will occupy 19,000 sf of space on Chestnut Street, along with a 14,000-sf state liquor store.

Brickstone Realty

Courtesy of GLUCK+



50. RENAISSANCE PLAZADEVELOPER: Carl Marks & Co.

LOCATION: 400 North Columbus Boulevard

SIZE: 1,900,000 sf

RESIDENTIAL UNITS: 1,358

START DATE: 2016


STATUS: Announced


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 2016, with Phase I taking 16 months.

51. SLS LUX PHILADELPHIA HOTEL & RESIDENCESDEVELOPER: Dranoff Properties and SBE Entertainment Group


SIZE: 462,277 sf


HOTEL ROOMS: 152



STATUS: Announced


DESCRIPTION: At 45 stories and 546 feet, the SLS LUX Philadelphia Hotel & Residences will be the tallest tower in Pennsylvania built for residential use. Located across South Broad Street from the Kimmel Center, the project will include 90 condomini-ums and the 152-room, boutique SLS LUX 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. Ameni-ties for both residents and guests include a full spa, fitness center, all-season, 75-foot pool, and ballroom/meeting facilities. The building is designed by Kohn Pederson Fox Associates and the hotel interior designer is Philippe Starck.

Alesker & Dundon Architects

Dranoff Properties



52. THE HYDEDEVELOPER: Dranoff Properties and SBE Entertainment Group


SIZE: 179,870 sf


HOTEL ROOMS: 76

START DATE: Q1 2017


STATUS: Announced


DESCRIPTION: Dranoff Properties and SBE Entertainment Group announced another joint venture to develop a residential/hospitality project just south of the SLS LUX development on South Broad Street. Once complete, the 22-story, mixed-use tower will include a ground-floor restaurant, an underground parking garage, 76 hotel rooms, 83 apartment units, and a separate restaurant on the roof deck on the 23rd floor. The proposed tower will rise to 292-feet, with floors 5 through 10 housing the hotel rooms and 11 through 22 containing a mix of studio, 1- and 2-bedroom apartments. The slender tower will be designed by BLT Architects.

53. ROYAL THEATERDEVELOPER: Dranoff Properties and Universal Companies

LOCATION: 1524-1534 South Street

SIZE: 65,000 sf




STATUS: Announced


Dranoff Properties

Dranoff Properties

DESCRIPTION: Plans call for the redevelopment of the historic Royal Theater into a mixed-use development with 52 high-end rental apartment units, 7,000 sf of retail space on the ground floor, and 20 below-grade parking spaces. The Royal’s façade will be preserved and amenities will include a fitness center and roof deck.



54. DIVINE LORRAINEDEVELOPER: EB Realty Management Corporation


SIZE: 125,000 sf






DESCRIPTION: Purchased by Eric Blumenfeld’s EB Realty Manage-ment Corporation in 2012, the former hotel on North Broad Street will be converted into a unique residential community that will sit above a variety of restaurants and retail spaces totaling 21,000 sf. The luxury units are expected to rent for an average $1,875 per month. Given the location of the project on top of the Broad Street Line, no parking is planned for the development.

55. RODIN SQUAREDEVELOPER: International Financial Company and Dalian Development, LLC

LOCATION: 501 North 22nd Street

SIZE: 557,845 sf


START DATE: 2014




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.

WRT

MV+A Architects



56. THE CURTIS CENTERDEVELOPER: Keystone Property Group, Mack-Cali Realty Corp. and Roseland, a Mack-Cali Company


SIZE: 885,000 sf






DESCRIPTION: The 885,000-sf Curtis Center will undergo a $25 million ren-ovation that will transform the quiet stretch along Washington Square Park into a vibrant urban corridor and add luxury residential units as well as retail. Mack-Cali Realty Corporation and the Keystone Property Group acquired the building for $125 million in the summer of 2014. Plans include the conversion of 90,000 sf of vacant office space into 57 luxury apartments and outdoor streetscape improvements. Retail will be added on the ground floor and will include famous New York restaurant PJ Clarke’s on the corner of 6th and Walnut overlooking both Washington Square and Independence National Historical Park. The building will include a total of 50,000 sf of retail, 700,000 sf of office space and 100,000 sf of residential space.

57. 9TH AND WASHINGTONDEVELOPER: Midwood Investment & Development

LOCATION: 9th Street and Washington Avenue

SIZE: 126,500 sf


START DATE: 2017


STATUS: Announced

INVESTMENT: Approximately $50 Million

DESCRIPTION: Midwood Investment & Development plans to redevelop the parcel of land on the corner of 9th and Washington Streets in the Italian Market that includes a vacant lot and the current Anastasi’s Seafood building. The five-story brick building will include 70 apartments and roughly 18,000 sf of ground-floor retail. There will be two levels of underground parking with 150 parking spaces and an entrance off 9th Street. Eight new trinity homes will be constructed on the eastern edge of the site along Darien Street to maintain the context and scale of the area.

Voith and Mactavish Architects



58. EAST MARKET, PHASE IDEVELOPER: National Real Estate Development

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

LOCATION: City block between 11th and 12th Streets, Market and Chestnut Streets

SIZE: 775,000 sf






DESCRIPTION: East Market, a $500-million-plus, mixed-use project, aims to upgrade Philadelphia’s downtown retail district east of Broad Street. The project will completely revamp the entire block between 11th and 12th, Market and Chestnut Streets, by cre-ating and enhancing pedestrian-oriented retail both along Market Street and former alleys on Ludlow and Clover Streets. The project will also add 322 new residential rental apartments, 161,000 sf of office space, parking, signage, and hospitality uses. Phase I will include the construction of two new retail buildings with large format digital signage along Market Street with rent-al units above. The entire site will feature 175 below-grade parking spaces and a central loading facility. 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. This building will house MOM’s Organic Market on the ground floor and the relocated Market-place Design Center will occupy 48,000 sf of space above. Design Within Reach also plans to open a 15,000-sf-flagship. 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 and Clover Streets, now closed to pedestrian and vehicular traffic, and create a pedestrian walkway from Market Street to Chestnut Street, revitalizing and expanding the Market East retail district, as well as connecting it to the vibrant Midtown Village retail district just south of the project.

59. HANOVER NORTH BROADDEVELOPER: Parkway Corporation and The Hanover Company

LOCATION: 322 and 339 North Broad Street

SIZE: 301,068 sf


START DATE: December 2015




DESCRIPTION: Parkway Corporation and The Hanover Company of Houston, Texas, are developing two lots on the southeast and southwest corners of North Broad and Callowhill Streets. 322 North Broad Street on the west side will have 229 apartments and feature an outdoor pool. 339 North Broad Street on the east side will have 110 units. The project will include over 14,000 sf of retail and 341 parking spaces.

Design Collective and The Hanover Company

BLT Architects



60. 1700 CHESTNUTDEVELOPER: Pearl Properties


SIZE: 100,000 sf


START DATE: 2014


STATUS: Completed

62. 19TH + CHESTNUTDEVELOPER: Pearl Properties


SIZE: 412,224 sf


START DATE: 2015



61. THE BEACONDEVELOPER: Pearl Properties

LOCATION: 1527-1533 Walnut Street

SIZE: 111,000 sf


START DATE: 2015

COMPLETION DATE: May 2017


DESCRIPTION: Pearl Properties is developing a mixed-use res-idential apartment project anchored by two retail spaces, with a 10,000-sf Under Armour on the corner of 16th and Walnut Streets. The 14-story building is designed to incorpo-rate modern finishes of a newly constructed high-rise with the architecture of the six-story corner masonry building. The 98-unit-building will include a state-of-the-art fitness center, fully furnished 1,500-sf roof deck with a view of Rittenhouse Square, movie-screening room and club room with catering kitchen, communal table, fireplace, televisions, billiards and shuffleboard.

DESCRIPTION: 19th+Chestnut will be a multi-family residential development located at 1910 Chestnut Street and 110 and 112 South 19th Street. With frontages on 19th Street, 20th Street, Chestnut Street and Sansom Street, the overall project site is 54,782 sf. The proposed 32-story tower will include: 300 residential units on floors 3 through 32; amenities on the top floor; and underground parking for 140 cars. Entry to the residential tower will be through a landscaped courtyard facing 19th Street. Retail is planned for 19th and Sansom Streets, as well as at the site of the former Boyd lobby on Chestnut Street and the adjacent Alexander building on the corner of 19th and Chestnut Streets, which when renovated will be occupied by Target.

DESCRIPTION: Pearl Properties redeveloped three buildings (1700-1714) into a mixed-use development with a 40,000-sf Nordstrom Rack on the lower three floors and 98 luxury rental apartments above. Completed in late 2015, the building is 100% occupied.

Pearl Properties

Pearl Properties

DAS Architects



64. EASTERN TOWER COMMUNITY CENTERDEVELOPER: Philadelphia Chinatown Development Corporation (PCDC) and JNA Capital, Inc.


SIZE: 195,000 sf


START DATE: Spring 2016


STATUS: Announced


DESCRIPTION: PCDC has helped form an immigrant investor Region-al Center that will 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 $23 million in New Market Tax Credits and a loan commitment from Citi-bank, as well as a combination of private equity and grants. The project will include 150 apartments, offices, and retail space, as well as a recreation/event space for the community.

63. THE LATHAMDEVELOPER: Pearl Properties


SIZE: 125,000 sf


START DATE: November 2015



DESCRIPTION: Pearl Properties purchased the Latham Hotel at the corner of 17th and Walnut Streets and is converting it into 141 rental apartments. Capital One Café will be the retail tenant on the lower two floors of the building.

Pearl Properties

Designed by Jacobs, executed by Studio Agoos Lovera



65. 218 ARCH STREETDEVELOPER: PMC Property Group


SIZE: 140,000 sf




STATUS: Announced


DESCRIPTION: PMC Property Group and Varenhorst will construct a 10-story, mixed-use building on a surface parking lot near 2nd and Arch in Old City. The project sits on the historic cobblestone lane, Little Boys Court, and will have 116 rental units and ground-floor retail along Arch Street.

66. ONE WATER STREETDEVELOPER: PMC Property Group

LOCATION: 250 North Columbus Boulevard

SIZE: 272,178 sf






DESCRIPTION: PMC Property Group is developing 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 approximately 65% one-bed-room 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-in-come 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. The project will include 5,000-sf of ground-floor retail due to the growing pedestrian presence on Columbus Boulevard.

Varenhorst

Varenhorst



67. ONE FRANKLIN TOWERDEVELOPER: PMC Property Group and Lubert-Adler


SIZE: 607,471 sf




STATUS: Announced

DESCRIPTION: In partnership with Lubert-Adler Real Estate Fund, PMC Property Group has purchased One Franklin Plaza, the former North American headquarters for GlaxoSmithKline, with plans to redevelop the property, which has been renamed One Franklin Tower. The 24-story, 607,471-sf building, originally built in 1980, will be fully converted to a premier mixed-use property consisting of first-class office space and luxury apartments. The property’s office component will feature floor-to-ceiling glass windows with natural light, eight corner offices, and its own dedicated contemporary elevator lobby. The apartments will offer generously-sized floor plans, luxury finishes, and a full complement of modern amenities. The property shares a two-level parking garage with 450 spaces with the Sheraton Convention Hotel.

68. 2400 MARKET STREETDEVELOPER: PMC Property Group and Lubert-Adler


SIZE: 950,000 sf






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 with 370,000 sf, and 12 South 23rd Street, a six-story, 120,000-sf structure. The project is ideally positioned across from University City and 30th Street Station, and close to Rittenhouse Square and the Central Business District. Once complete the project will help connect Center City and University City along Market Street, leveraging public investments made along the Market Street Bridge above and Schuylkill Banks. 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. New retail space, totaling 65,000 sf, will be created for a grocery store, restaurant, and coffee shop.

Varenhorst

PMC Property Group



70. THE ROOSEVELT APARTMENTSDEVELOPER: Post Brothers

LOCATION: 2216-2222 Walnut Street

SIZE: 64,628 sf


START DATE: 2015




71. TRANSATLANTICDEVELOPER: PRDC Properties

LOCATION: 420-422 Fairmount Avenue


START DATE: 2015



DESCRIPTION: Located at the intersection of 5th Street and Fairmount Avenue, PRDC Properties is developing a total of 66 new residential units. The project will result in 41 new apartment units and 25 single-family units, including the redevelopment of the former Trans-Atlantic Building. Five single-family units along North 5th Street have already been completed.

Post Brothers

ISA - Interface Studio Architects

DESCRIPTION: The two-building complex was purchased by an undis-closed investor who was represented in the transaction by Post Brothers for $15.7 million. The property is a mixed-use building with 97 units and 6,000 sf of retail. The building will remain opera-tional as it undergoes a $20-million renovation.

69. 1401 SPRUCE STREETDEVELOPER: Post Brothers

LOCATION: 1401 Spruce Street

SIZE: 263,000 sf


START DATE: 2014

COMPLETION DATE: Early 2017



DESCRIPTION: The former headquarters of the Atlantic Richfield Oil Company is being converted into 160 rental units and 40 condos and 13,000 sf of retail. The 21-story building will include a resident’s lounge, wine lockers, catering kitchen, billiard room, commercial quality fitness center, spa, business center, and a rooftop event space. Private, deeded valet parking will be provided. The building’s residential entrance will face Spruce Street, while the retail component will be accessed via the cur-rent Broad Street entrance. The project is designed by Rafael Viñoly Architects.

Rafael Viñoly Associates



72. FRANCIS HOUSE OF PEACEDEVELOPER: Project HOME and Philadelphia Chinatown Development Corporation (PCDC)


SIZE: 79,096 sf



COMPLETION DATE: November 2015

STATUS: Completed


73. 1601 VINE STREETDEVELOPER: Property Reserve, Inc.


SIZE: 513,997 sf


START DATE: Late 2014



INVESTMENT: $120 million (media estimates)

DESCRIPTION: The mixed-use development includes a residential apartment tower and retail space located at 1601 Vine Street. The residential tower is 32 stories 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 ameni-ties 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.

DESCRIPTION: Sister Mary Scullion’s Project HOME and the PCDC completed a nine-story affordable-housing project in Chinatown in November 2015. The complex provides 94 efficiency apartments for lower-income rental tenants ranging in age from seniors to children aging out of foster care. Designed by Kramer + Marks, the building offers an underground rainwater collection system to manage runoff. For units with project-based vouchers through the Phila-delphia Housing Authority, tenants pay 30% of income. An additional 57 units are affordable to those at or below 50% of income, and 15 units are affordable to those at or below 20%. Rents are between $690 and $799 per month.

Robert A.M. Stern Architects



74. 1300 FAIRMOUNTDEVELOPER: RAL Development Services, LLC

LOCATION: 1300 Fairmount Avenue

SIZE: 783,760 sf




STATUS: Announced

INVESTMENT: Approximately $200 Million

DESCRIPTION: New York City-based RAL Development Services, LLC is developing an assemblage of vacant lots at 13th Street and Fairmount Avenue adjacent to the Divine Lorraine Hotel. The project includes a retail and structured-parking podium supporting a residential rental apartment building with up to 486 apartments. The parking will sup-port both the retail and residential components. Additionally the project includes an enhanced public streetscape with an approximately 6,000-sf public plaza with fixed seating, landscaping and bicycle parking. RAL is seeking a $15 million grant from the Redevelopment Assistance Capital Pro-gram (RACP).

75. 1911 WALNUT STREETDEVELOPER: Southern Land Company


SIZE: 550,000 sf

RESIDENTIAL UNITS: 406–417

START DATE: TBD


STATUS: Announced


DESCRIPTION: Southern Land Company will develop the empty parcel at 1911 Walnut Street across from Rit-tenhouse Square. The developer has applied for rezoning of the property to allow for denser development that would include 342 apartments, 64 to 75 condos and 55,000 sf of retail that would wrap around Walnut, Sansom and 20th Streets. The mixed-use tower, which will include underground parking, will stand between 47 and 51 stories, with the first three dedicated to retail. The project is currently going through the approval process and plans could change to accommodate community input. The building will be designed by Chicago firm Solomon Cordwell Buenz. Southern Land Company is developing 1911 Walnut in a joint venture with an undisclosed domestic institutional investor.

Cope Linder Architects/RAL Development Services, LLC

SCB Architecture



76. THE NATIONALDEVELOPER: The Patriot Group

LOCATION: 115 North 2nd Street

SIZE: 204,235 sf




STATUS: Announced


DESCRIPTION: The former National Products building will be redeveloped into a 192-unit apartment building with 3,000 sf of ground floor retail and underground parking. The iconic façade will be dismantled and rebuilt.

DESCRIPTION: The Goldenberg Group and Hines are developing a 26-story, multi-family high-rise at 12th and Walnut Streets, formerly a surface parking lot. The project broke ground in November 2015 and will include 322 rental units and 7,300 sf of retail.

Dec. 4, 2015Dec. 4, 2015

78. 2400 SOUTHDEVELOPER: Toll Brothers

LOCATION: 2400 South Street

SIZE: 235,583 sf


START DATE: 2012


STATUS: Completed

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.

77. 1213 WALNUTDEVELOPER: The Goldenberg Group and Hines


SIZE: 300,000 sf


START DATE: November 2015



INVESTMENT: $125 MillionBartonPartners

Goldenberg Group



79. 1001 SOUTH BROADDEVELOPER: Tower Investments

LOCATION: 1001 South Broad Street

SIZE: 1,800,000 sf

RESIDENTIAL UNITS: 950–1,000

START DATE: TBD


STATUS: Announced

INVESTMENT: $150 Million (media estimates)

DESCRIPTION: Tower Investments plans to build a large, mixed-use complex on the now vacant lot at the northeast corner of Washington Avenue and Broad Street, viewed as the “gateway” intersection between South Philadelphia and Center City. The gross building area will be approximately 1,800,000 sf (including normally exempt retail and loading areas) and will include a total of 950-1,000 units, 25,000 sf of multi-tenant office space, 143,000 sf of retail and 625 parking spaces. The residential component will include a 34-story, 800-unit residential tower, a smaller four-story residential building with approximately 60 units and 100–120 walk-up units that are part of an internalized outdoor public space to include 66,000 sf of small scale retail. The project will create a fully mixed-use, “live, work, play” environment for the neighborhood, as well as give residents access to an array of common-area amenities.

80. 900-934 CALLOWHILLDEVELOPER: Wing Lee Investment, L.P.

LOCATION: 900-934 Callowhill Street

SIZE: 173,913 sf




STATUS: Announced


DESCRIPTION: Designed by T.C. Lei Architect & Associates, the proposed project will sit on a rectangular parcel of what is now a mix of warehouses and industrial space, a lumberyard and vacant lots at 900–934 Callowhill Street. The area is bounded by Carlton Street, North 9th Street, Callowhill Street and Ridge Avenue. Existing structures will be razed. The design features four independent build-ings: two seven-story apartment towers and two five-story buildings with apartments above and a total of 12 new commercial spaces fronting Callowhill Street on the first floor. All residential units will be market-rate, two-bedroom rentals of about 880 sf. An open-air cruciform courtyard and central elevator/stairwell tower will complete the interior of the site, which is being designed with an esti-mated $20 million total budget. The development will include approximately 14,000 sf of commercial space and more than 135,000 sf dedicated to residential use.



82. FASHION OUTLETS OF PHILADELPHIA AT MARKET EASTDEVELOPER: PREIT & Macerich

LOCATION: Northern blocks of Market Street between 8th and 11th Streets

SIZE: 1,500,000 sf

START DATE: 2015




81. 1428 WALNUTDEVELOPER: Midwood Investment & Development


SIZE: 60,000 sf

START DATE: Q4 2013


STATUS: Completed

DESCRIPTION: Capitalizing on rising rents in Phila-delphia’s prime retail district, Midwood Invest-ment & Development constructed a modern, glass retail structure designed by Bohlin Cywinski Jackson at 15th and Walnut Streets. It houses the Cheesecake Factory on the second floor and Verizon Innovation on the ground floor, along with other yet-to-be-announced tenants.

RETAIL

DESCRIPTION: In July 2014, it was announced that the California-based retail developer Macerich acquired a 50% interest in The Gal-lery in return for investing in redeveloping the mall. PREIT and Macerich are now repositioning The Gallery to become a destination for shopping, dining, and entertainment in Philadelphia, by incorporating first-to-market fashion retailers and artisanal food and restaurant offerings. The first anchor tenant is Century 21, which opened a 100,000-sf store in October 2014 in the former Straw-bridge’s building. The plan will create an open, well-lit, and easily accessible three-block corridor of approximately 125 new stores, including dining and entertainment options. The top-to-bottom redesign will reconfigure the mixed-use facility as a bright, new contemporary space that reconnects to Market Street with accessible storefronts, sidewalk cafés, a new streetscape, digital signage and graphics. The highlight of the newly-reimagined space will be a new glass-walled Center Court at 9th and Market Streets that will welcome tourists, office workers, conventioneers, and residents alike.

PREIT


ACKNOWLEDGMENTS

INFORMATION PARTNERSJune 5th Memorial Park Committee – Nancy Goldenberg

Aimco – Stephanie Bristow, Cindy Duffy

Alliance Partners HSP – Matt Handel

Alterra Property Group – Leo Addimando

Greystar – Tracy Keyser

Baywood Hotels – Kurt Blorstad

Brandywine Realty Trust – Paul Commito, Regina Sitler

Brickstone Realty – Mark Merlini

GLUCK+ – Bethia Liu

Schiffman Consulting Corp. – Martin Schiffman

Gibbs Management – Andrew Gibbs

Children’s Hospital of Philadelphia – Jonathan J. Hood

Church of Jesus Christ of the Latter-day Saints – Corinne Dougherty

City of Philadelphia – Stephanie K. Craighead

DAS Architecture – Annette Walsh

Delaware River Waterfront Corporation – Karen Thompson, AICP

Dranoff Properties – Erika Bohl

Drexel University – Nancy Trainer

EB Realty Management Corporation – Chris Cordaro

Forest City Residential Group – Robert D. Lane, Jr.

Cashman & Associates – Michelle Conron, Laura Krebs Miller

International Financial Company – Odara Jabali-Jeter

Keystone Property Group – Jennifer Cooperman

Midwood Investment & Development – Michelle Goldman

Museum of the American Revolution – ZeeAnn Mason

National Real Estate Development – Charles Norman

JKRP Architects – Mike Izzo

Parkway Corporation – Salvatore Farruggia, Robert Zuritsky

Pearl Properties – James Pearlstein

P&A Associates – Robert Shaw

Philadelphia Chinatown Development Corporation – Sarah Yeung

Philadelphia Museum of Art – Shen Shellenberger

Philadelphia Parking Authority – Richard Dickson, Lorraine Baker

PMC Property Group – Jonathan Stavin, Kate Groshong

Post Brothers – Matthew Pestronk

ISA - Interface Studio Architects LLC – Alexandra Gauzza, LEED AP BD+C

PREIT – Haley Samsi

Priderock Capital Partners, LLC – Chris Todd

Project HOME – Matthew McCarter

Risa Heller Communications – James Yolles

Realen – Dennis Maloomian

Southern Land Company – Dustin Downey, Andy Ecton, Matt Magallanes

BartonPartners – Mary E. McClenaghan, AIA, NCARB

The Free Library of Philadelphia – Alix Gerz

The Goldenberg Group – Todd Malligan, Adam Rosenzweig

Toll Brothers – Brian Emmons

T.C. Lei & Associates, P.C. – Michelle Kleschick, NCIDQ

PHOTOGRAPHY & RENDERINGS(c) 2016 Curio

Aimco

Alesker & Dundon Architects

Alliance Partners HSP, LLC

Ballinger and Pelli Clark Pelli Architects

BartonPartners

BLT Architects

Brandywine Realty Trust

Brickstone Realty

Comcast Corporation

Cope Linder

Daniel Jackson

DAS Architects


Design Collective and The Hanover Company

Designed by Jacobs, executed by Studio Agoos Lovera

Dranoff Properties

Drexel University Communications

FFKR Architects

FlossBarber

The Free Library of Philadelphia

Gensler

GLUCK+

Goldenberg Group

Granum Associates

Greystar

Hargreaves Associates and Redsquare

ISA - Interface Studio Architects

JKRP Architects

KieranTimberlake

Kramer + Marks Architects

Moustafa Moustafa

MV+A Architects

NC3D for Robert A.M. Stern Architects

Pearl Properties

Perkins Eastman Architects

Philadelphia Museum of Art

PMC Property Group

Post Brothers

PREIT

Rafael Vinoly Associates

RAL

Realen

Robert A.M. Stern Architects

Scannapieco Development Corporation

SCB Architecture

Scott Aker, AIA

spg3 architects

Stantec

Varenhorst

Voith and Mactavish Architects

WRT

CCD STAFFResearch & Writing: Casandra Dominguez, Manager of Business Retention & Retail Attraction

Writing & Editing: Linda Harris, Director of Communications & Publications; Nancy Goldenberg, Vice President of Planning & Development

Graphic Design: Michael Choi, Graphic Designer; Amy Yenchik, Creative Director

UPDATES/ERRATAwww.CenterCityPhila.org/Developments

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