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CENTER CITY PHILADELPHIA

DEVELOPMENTS

2015–2019 CENTER CITY DISTRICT AND CENTRAL PHILADELPHIA DEVELOPMENT CORPORATION


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

INTRODUCTION

2

DEVELOPMENTS MAP

4

COMMERCIAL/MIXED-USE

6

CULTURAL

10

GOVERNMENT & NON-PROFIT INSTITUTIONS

11

HEALTHCARE & EDUCATION

12

HOSPITALITY

13

PUBLIC SPACE

17

RESIDENTIAL

20

RESIDENTIAL/MIXED-USE

25

RETAIL

43

ACKNOWLEDGMENTS

44


INTRODUCTION Construction cranes are visible everywhere. Eleven major development projects, totaling almost $200 million, were completed 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 downtown; 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 leisure, 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, Center City will add 2,772 new hotel rooms, pushing the downtown total over 13,000 rooms by 2019.

MAJOR DEVELOPMENTS IN CENTER CITY BY TYPE AND SQUARE FOOTAGE 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

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, increasing 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.

MAJOR PROJECTS COMPLETED IN 2015 AND IN THE PIPELINE

$8.5 BILLION IN MAJOR DEVELOPMENTS

10,721

RESIDENTIAL UNITS

2,772

HOTEL ROOMS

3,529,476 SF

OF COMMERCIAL/MIXED-USE

27.8 MILLION TOTAL SF

2,860,139 SF OF NEW RETAIL*

Source: Developments Database, Center City District 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” projects, as well as any retail square footage in developments categorized as “residential/mixed-use,” “commercial/mixed-use” and “hospitality” projects.

93,000 SF

Source: Developments Database, Center City District

2

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


INTRODUCTION

MAJOR DEVELOPMENTS IN CENTER CITY BY COMPLETION DATE

MAJOR DEVELOPMENTS IN CENTER CITY BY STATUS

DEVELOPMENTS

14% COMPLETED 51% UNDER CONSTRUCTION 35% ANNOUNCED

25

20

82

15

TOTAL DEVELOPMENTS

10

5

0

11

23

24

12

3

9

2015

2016

2017

2018

2019

TBD

Source: Developments Database, Center City District

Source: Developments Database, Center City District

THE LARGEST DEVELOPMENT IN THE CITY'S HISTORY IS THE

$1.5 BILLION COMCAST INNOVATION AND TECHNOLOGY CENTER, RISING AT 18TH AND ARCH STREETS. DELIVERY OF RESIDENTIAL UNITS IN MAJOR DEVELOPMENTS IN CENTER CITY COMPLETED

RESIDENTIAL UNITS

UNDER CONSTRUCTION

ANNOUNCED

3,500 3,000 2,500

835

2,000 1,500 1,000 500 0

834

1,829

2,056

1,461 300

319

2015

2016

2017

2018

2019

3,087 TBD Source: Developments Database, Center City District

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

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DEVELOPMENTS DEVELOPMENTS 54 FAIRM

DEVELOPMENTS IN CENTER CITY

74

OUNT AVE

71 10 31 55

HOSPITALITY RESIDENTIAL/MIXED-USE

59

40

COMMERCIAL/MIXED-USE

12

VINE ST

20

67

18

HEALTHCARE & EDUCATION RESIDENTIAL

35

RETAIL MARKET ST

68

46 2

23 45

Source: Development Database, Center City District

70

5 41

80 64

15

36

21

26

62 75

30 60 7 63 17

81

6

14 48 56

77 19

69 PINE ST

47

58 4

44 16 33 3 61

72 8

82

City Hall

29

13

24

73

11

PUBLIC SPACE

GOVERNMENT & NON-PROFIT INSTITUTIONS

1

32

BROAD ST

CULTURAL

51 52

22 39

53

78

42

WASHINGTON AVE

79 57

TASKER ST

WHILE HOUSING STILL DOMINATES,

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

4

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

37


DEVELOPMENTS

COMMERCIAL/MIXED-USE 1. SoNo 2. Stock Exchange Building Renovation

28

3. The Hale Building

50

4. The Steele Building 5. Comcast Innovation and Technology Center 6. The Bourse

66 49 65

7. 1618-22 Chestnut

76

43

38

34

67. One Franklin Tower

28. S  pring Garden Street Connector

68. 2400 Market Street

RESIDENTIAL

70. The Roosevelt Apartments

29. One Riverside 30. T  he Residences at Two Liberty Place

66. One Water Street

69. 1401 Spruce Street 71. Transatlantic 72. Francis House of Peace 73. 1601 Vine Street

32. Museum Towers II

75. 1911 Walnut Street

CULTURAL

33. The Griffin

76. The National

9. Museum of the American Revolution

34. BridgeView

77. 1213 Walnut

35. 1900 Arch Expansion

78. 2400 South

36. 401 Race Street

79. 1001 South Broad

37. 500 Walnut

80. 900-934 Callowhill

38. 410 at Society Hill

RETAIL

GOVERNMENT & NON-PROFIT INSTITUTIONS 27

27. Penn's Landing

74. 1300 Fairmount

10. Philadelphia Museum of Art Expansion

9

65. 218 Arch Street

31. Mural Arts Lofts

8. PPA 8th & Filbert Garage

25

26. J ohn F. Kennedy Plaza/ LOVE Park

11. Philadelphia Pennsylvania Mormon Temple 12. The Free Library of Philadelphia Parkway Central Renovation

39. Waverly Court

RESIDENTIAL/MIXED-USE 40. Park Towne Place 42. Lincoln Square 43. The Shirt Corner 44. Avenir

13. Children's Hospital of Philadelphia - Schuylkill Avenue, Phase I

45. AQ Rittenhouse

HOSPITALITY 15. 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 SPACE

46. 1919 Market 47. M  ellon Independence Center (MIC) Tower 48. 1112-1128 Chestnut Street 49. Bridge 50. Renaissance Plaza 51. S  LS 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

23. June 5th Memorial Park

61. The Beacon

24. Viaduct Rail Park, Phase I

62. 19th + Chestnut

25. Race Street Connector, Phase II

63. The Latham

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

82. F  ashion Outlets of Philadelphia

41. The Sterling

HEALTHCARE & EDUCATION

14. Thomas R. Kline Institute of Trial Advocacy

81. 1436-28 Walnut

64. E  astern Tower Community Center

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COMMERCIAL/MIXED-USE

1. SoNo DEVELOPER: 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+

Alliance Partners HSP, LLC

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 RENOVATION DEVELOPER: 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 announced 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.

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Granum Associates

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


COMMERCIAL/MIXED-USE

3. THE HALE BUILDING DEVELOPER: Brickstone Realty LOCATION: 1326 Chestnut Street SIZE: 47,940 sf START DATE: October 2015 COMPLETION DATE: December 2016 STATUS: Under Construction INVESTMENT: $20 Million DESCRIPTION: Brickstone Realty purchased the historic Hale Building at Chestnut 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.

JKRP Architects

4. THE STEELE BUILDING DEVELOPER: Brickstone Realty LOCATION: 15 South 11th Street SIZE: 36,000 sf START DATE: 2015 COMPLETION DATE: December 2016 STATUS: Under Construction INVESTMENT: $14 Million 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.

DAS Architects

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

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COMMERCIAL/MIXED-USE

5. COMCAST INNOVATION AND TECHNOLOGY CENTER DEVELOPER: 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 STATUS: Under Construction 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.

Comcast

6. THE BOURSE DEVELOPER: 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 INVESTMENT: $40 Million 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.

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


COMMERCIAL/MIXED-USE

7. 1618-22 CHESTNUT DEVELOPER: Pearl Properties LOCATION: 1618-22 Chestnut Street SIZE: 100,000 sf START DATE: Q4 2015 COMPLETION DATE: Summer 2016 STATUS: Under Construction 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.  

Pearl Properties

8. PHILADELPHIA PARKING AUTHORITY’S 8TH & FILBERT GARAGE DEVELOPER: Philadelphia Parking Authority (PPA) LOCATION: 801 Filbert Street SIZE: 158,600 sf START DATE: 2013 COMPLETION DATE: Winter 2016 STATUS: Under Construction (substantially complete) INVESTMENT: $32 Million 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.

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

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CULTURAL

9. MUSEUM OF THE AMERICAN REVOLUTION DEVELOPER: Museum of the American Revolution LOCATION: Southeast corner of 3rd and Chestnut Streets SIZE: 117,000 sf START DATE: 2014 COMPLETION DATE: 2016 STATUS: Under Construction INVESTMENT: $101 Million

NC3D for Robert A.M. Stern Architects

DESCRIPTION: Designed by Robert A.M. Stern Architects, the museum will add another attraction to Philadelphia’s historic district. Philadelphia-based INTECH Construction demolished the old Bicentennial Visitor Center in Spring 2014, and construction began in the fall. The development of the building and the museum’s exhibits 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 EXPANSION DEVELOPER: Philadelphia Museum of Art LOCATION: 2600 Benjamin Franklin Parkway SIZE: 169,000 sf START DATE: TBD COMPLETION DATE: TBD STATUS: Announced INVESTMENT: $150 Million-$160 Million (Phase I)

Philadelphia Museum of Art

DESCRIPTION: Designed by world-renowned architect Frank Gehry, the proposed expansion and renovation of the Philadelphia Museum of Art will add 124,000 sf of interior public space, including 78,000 sf of gallery space throughout the building. Gehry’s design focuses on the transformation of the interior of the Museum through the renovation of Great Stair and Lenfest Halls, as well as major improvements to 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 multiphase project will total $350 million.

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


GOVERNMENT & NON-PROFIT INSTITUTIONS

11. PHILADELPHIA PENNSYLVANIA MORMON TEMPLE DEVELOPER: Church of Jesus Christ of the Latter-day Saints LOCATION: 1739 Vine Street SIZE: 53,000 sf START DATE: 2013 COMPLETION DATE: 2016 STATUS: Under Construction INVESTMENT: $70 Million 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.

FFKR Architects

12. THE FREE LIBRARY OF PHILADELPHIA PARKWAY CENTRAL RENOVATION DEVELOPER: The Free Library of Philadelphia LOCATION: 1901 Vine Street SIZE: 40,000 sf START DATE: Fall 2016 COMPLETION DATE: Winter 2018 STATUS: Announced INVESTMENT: $35 Million

The Free Library of Philadelphia

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 incubator 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.

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

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HEALTHCARE & EDUCATION

13. CHILDREN’S HOSPITAL OF PHILADELPHIA SCHUYLKILL AVENUE, PHASE I DEVELOPER: Children’s Hospital of Philadelphia LOCATION: 2716 South Street SIZE: 735,656 sf START DATE: Summer 2014 COMPLETION DATE: Spring 2017 STATUS: Under Construction INVESTMENT: $250 Million to $500 Million (media estimates)

Ballinger and Pelli Clark Pelli Architects

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 connection 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 ADVOCACY DEVELOPER: Drexel University LOCATION: 1200-1202 Chestnut Street SIZE: 24,000 sf START DATE: Fall 2015 COMPLETION DATE: 2016 STATUS: Under Construction INVESTMENT: $14.8 Million

Drexel University Communications

12

DESCRIPTION: The former Beneficial Bank designed by Horace Trumbauer on the corner of 12th and Chestnut Streets was acquired by attorney Thomas R. Kline in July 2013. In September 2014, 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.

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


HOSPITALITY

15. MARRIOTT AC DEVELOPER: Baywood Hotels LOCATION: 228-38 North 13th Street HOTEL ROOMS: 150 START DATE: TBD COMPLETION 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 developer Baywood Hotels is interested in the site given its proximity 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 European 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.

spg3 architects

16. W HOTEL AND ELEMENT BY WESTIN DEVELOPER: Chestlen Development LOCATION: 1441 Chestnut Street SIZE: 770,607 sf HOTEL ROOMS: 755 START DATE: March 2015 COMPLETION DATE: Spring 2018 STATUS: Under Construction INVESTMENT: $359 Million 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 yearround 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 million in Tax Increment Financing.

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

Cope Linder

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HOSPITALITY

17. HYATT CENTRIC DEVELOPER: Clemens Construction LOCATION: 1602-34 Chancellor Street SIZE: 219,600 sf HOTEL ROOM: 310 START DATE: TBD COMPLETION DATE: TBD STATUS: Announced INVESTMENT: $125 Million 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.

18. THE LOGAN DEVELOPER: Host Hotels & Resorts and Sage Hospitality LOCATION: One Logan Square SIZE: 329,844 sf HOTEL ROOMS: 391 START DATE: June 2015 COMPLETION DATE: December 2015 STATUS: Completed INVESTMENT: $28 Million

Š 2016 Curio

14

DESCRIPTION: Sage Hospitality took over operations of the former Four Seasons Hotel at Logan Square in June 2015. The renovated property reopened at the end of 2015 as a 4.5-star hotel, The Logan. The $28 million renovation included extensive improvements 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.

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


HOSPITALITY

19. CAMBRIA HOTEL & SUITES DEVELOPER: Pearl Properties LOCATION: 219-225 South Broad Street SIZE: 176,000 sf HOTEL ROOMS: 220 START DATE: 2015 COMPLETION DATE: 2017 STATUS: Under Construction 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.

Pearl Properties

20. KIMPTON HOTEL DEVELOPER: Peebles Corp. and P&A Associates LOCATION: 1801 Vine Street SIZE: 250,000 sf HOTEL ROOMS: 199 START DATE: December 2016 COMPLETION DATE: June 2018 STATUS: Announced INVESTMENT: $90 Million 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 significant in 2011 and will remain intact. The project will include 199 rooms, a 3,500-sf ballroom, meeting and board rooms, a spa and fitness center, and a restaurant and bar.

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

Gensler

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HOSPITALITY

21. ALOFT HOTEL DEVELOPER: Realen and HRI Properties LOCATION: 101 North Broad Street SIZE: 115,000 sf HOTEL ROOMS: 179 START DATE: 2015 COMPLETION DATE: 2017 STATUS: Under Construction DESCRIPTION: Realen has acquired the historically certified 21-story Liberty Title and Trust Building and together in a joint venture with HRI Properties of New Orleans is in the process of restoring the building and converting 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.

Realen

22. FAIRFIELD INN AND SUITES BY MARRIOTT DEVELOPER: The Wankawala Organization LOCATION: 261 South 13th Street SIZE: 50,000 sf HOTEL ROOMS: 118 START DATE: 2015 COMPLETION DATE: Q3 2016 STATUS: Under Construction 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.

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


PUBLIC SPACE

23. JUNE 5TH MEMORIAL PARK DEVELOPER: June 5th Memorial Park Committee LOCATION: 2140 Market Street SIZE: 3,125 sf START DATE: April 2016 COMPLETION DATE: November 2016 STATUS: Under Construction INVESTMENT: $1.3 Million 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 tragScott Aker, AIA 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 I DEVELOPER: Center City District LOCATION: Callowhill Street to Noble Street SIZE: 26,000 sf START DATE: 2016 COMPLETION DATE: 2017 STATUS: Announced INVESTMENT: $9.6 Million 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 neighborhood. 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 underside, and environmental remediation.

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

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PUBLIC SPACE

25. RACE STREET CONNECTOR, PHASE II DEVELOPER: Central Delaware Waterfront Corporation LOCATION: North side of Race Street between 2nd Street and Columbus Boulevard START DATE: 2016 COMPLETION DATE: 2016 STATUS: Announced INVESTMENT: $1 Million

Delaware River Waterfront Corporation

DESCRIPTION: This project will improve pedestrian and bicycle access to the Race Street Pier from Front and Race Streets. New lighting, landscaping and hardscaping are designed to make traveling from neighborhood to waterfront more convenient and pleasant. The project is part of a long-term vision for the Central Delaware Waterfront. Phase I of the project was completed in the fall of 2012 and Phase II will be completed in 2016.

26. JOHN F. KENNEDY PLAZA/LOVE PARK DEVELOPER: City of Philadelphia/InterPark LOCATION: 16th Street and John F. Kennedy Boulevard SIZE: 102,802 sf START DATE: February 2016 COMPLETION DATE: Spring 2017 STATUS: Under Construction INVESTMENT: $16.5 Million

KieranTimberlake

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DESCRIPTION: In February 2016, the City of Philadelphia broke ground on a project to rehabilitate John F. Kennedy Plaza, known as LOVE Park. The new design will replace 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.

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


PUBLIC SPACE

27. PENN’S LANDING DEVELOPER: Delaware River Waterfront Corporation LOCATION: Delaware River Waterfront/Penn’s Landing Area between Market and South Streets SIZE: 479,160 sf START DATE: TBD COMPLETION DATE: TBD STATUS: Announced INVESTMENT: $250 Million

Hargreaves Associates and Redsquare

DESCRIPTION: An 11-acre park will stretch from Front Street to the Delaware River, capping I-95 and engineered so that trees can be planted on what feels like ground level. The park will end at the waterfront in a large public space, framed by an amphitheater. By creating this public amenity, the $250 million investment will spur development (an estimated $800 million to $1 billion), creating a mixed-use residential neighborhood. There will be low-rise residential development with mixed uses on the ground floor starting along the middle of the boat basin, and mid-rise residential development near the rebranded Hilton Hotel. The pier at the end of the boat basin will host residential and commercial development, with the very end reserved as public space.

28. SPRING GARDEN STREET CONNECTOR DEVELOPER: Delaware River Waterfront Corporation LOCATION: I-95 Overpass at Spring Garden Street START DATE: 2015 COMPLETION DATE: 2016 STATUS: Under Construction INVESTMENT: $2.5 Million

Delaware River Waterfront Corporation

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.

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

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RESIDENTIAL

29. ONE RIVERSIDE DEVELOPER: Dranoff Properties LOCATION: 210-20 South 25th Street SIZE: 167,610 sf RESIDENTIAL UNITS: 82 START DATE: May 2015 COMPLETION DATE: August 2017 STATUS: Under Construction INVESTMENT: $90 Million

Dranoff Properties

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 condominiums with high-level finishes and balconies, 110 underground parking spaces, fitness center, in-door pool, club room, hospitality suite, and business center. Plans include a private garden with broad lawns, as well as a separate terrace adjoining the lobby with an outdoor kitchen. One Riverside will be the first from-the-ground-up high-rise condo building started since the financial crisis derailed the 2004-08 construction boom.

30. THE RESIDENCES AT TWO LIBERTY PLACE DEVELOPER: Dranoff Properties and iStar Financial, Inc. LOCATION: 1601 Chestnut Street SIZE: 116,600 sf RESIDENTIAL UNITS: 73 START DATE: March 2015 COMPLETION DATE: March 2016 STATUS: Completed INVESTMENT: $48 Million

Dranoff Properties

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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 residential units. An upgraded lobby, street entrance, and amenities were also included.

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


RESIDENTIAL

31. MURAL ARTS LOFTS DEVELOPER: EB Realty Management Corporation LOCATION: 523 North Broad Street SIZE: 72,000 sf RESIDENTIAL UNITS: 56 START DATE: February 2015 COMPLETION DATE: December 2015 STATUS: Completed INVESTMENT: $16.2 Million

Moustafa Moustafa

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 cabinetry from the classrooms. The project team included architect Richard Sauder, engineer David Chou and construction company Domus.

32. MUSEUM TOWERS II DEVELOPER: Forest City Residential Group LOCATION: 1801 Buttonwood Street SIZE: 434,000 sf RESIDENTIAL UNITS: 286 START DATE: 2015 COMPLETION DATE: 2016 STATUS: Under Construction INVESTMENT: $110 Million DESCRIPTION: The existing Museum Towers residential complex is set to double in size. Phase II construction plans include a 270unit, 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.

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

Perkins Eastman Architects

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RESIDENTIAL

33. THE GRIFFIN DEVELOPER: MRP Residential and Principal Real Estate Investors LOCATION: 1346 Chestnut Street SIZE: 209,095 sf RESIDENTIAL UNITS: 217 START DATE: Q4 2014 COMPLETION DATE: 2016 STATUS: Under Construction 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

34. BRIDGEVIEW DEVELOPER: National Realty Investment Advisors LOCATION: 787 Swanson Street SIZE: 171,000 sf RESIDENTIAL UNITS: 75 START DATE: Fall 2014 COMPLETION DATE: 2016 STATUS: Under Construction

JRKP Architects

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.  

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RESIDENTIAL

35. 1900 ARCH EXPANSION DEVELOPER: PMC Property Group LOCATION: 1924 Arch Street SIZE: 57,000 sf RESIDENTIAL UNITS: 55 START DATE: September 2014 COMPLETION DATE: Summer 2015 STATUS: Completed INVESTMENT: $15 Million PMC Property Group

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.

36. 401 RACE STREET DEVELOPER: Priderock Capital Partners, LLC LOCATION: 401 Race Street SIZE: 193,589 sf RESIDENTIAL UNITS: 216 START DATE: Q1 2016 COMPLETION DATE: 2018 STATUS: Announced DESCRIPTION: Priderock Capital Partners, LLC is planning to construct a new 193,589 sf residential 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.

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

BartonPartners

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RESIDENTIAL

37. 500 WALNUT DEVELOPER: Scannapieco Development Corporation LOCATION: 500 Walnut Street SIZE: 178,000 sf RESIDENTIAL UNITS: 38 START DATE: March 2015 COMPLETION DATE: 2017 STATUS: Under Construction INVESTMENT: $174 Million

Scannapieco Development Corporation

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.

JRKP Architects

38. 410 AT SOCIETY HILL DEVELOPER: Toll Brothers LOCATION: 410 South Front Street SIZE: 151,560 sf RESIDENTIAL UNITS: 55 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 bedrooms. The building also includes a courtyard, rooftop terrace, and 110 parking spaces.

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39. WAVERLY COURT DEVELOPER: Yess Properties LOCATION: 412 South 13th Street SIZE: 46,000 sf RESIDENTIAL UNITS: 61 START DATE: April 2015 COMPLETION DATE: 2016 STATUS: Under Construction INVESTMENT: $2 Million 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 apartments, 6 parking spaces for cars and 38 parking spaces for bicycles.

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


RESIDENTIAL/MIXED-USE RESIDENTIAL/MIXED USE

40. PARK TOWNE PLACE DEVELOPER: Aimco LOCATION: 2200 Benjamin Franklin Parkway SIZE: 1,179,000 sf RESIDENTIAL UNITS: 973 START DATE: 2013 COMPLETION DATE: 2018 STATUS: Under Construction INVESTMENT: $200 Million Aimco

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.

BLT Architects

Aimco

41. THE STERLING

42. LINCOLN SQUARE

DEVELOPER: Aimco

DEVELOPER: Alterra Property and MIS Capital

LOCATION: 1815 John F. Kennedy Boulevard SIZE: 839,000 sf

LOCATION: Northwest corner of Broad Street and Washington Avenue

RESIDENTIAL UNITS: 550

SIZE: 450,000 sf

START DATE: 2014

RESIDENTIAL UNITS: 356

COMPLETION DATE: Q1 2017

START DATE: January 2017

STATUS: Under Construction

COMPLETION DATE: 2018

INVESTMENT: $75 Million

STATUS: Announced

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 groundlevel retail space is being repositioned with new tenants, uses, and storefronts. CENTER CITY DISTRICT & CENTRAL PHILADELPHIA DEVELOPMENT CORPORATION WWW.CENTERCITYPHILA.ORG

INVESTMENT: $130 Million+ 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.

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RESIDENTIAL/MIXED-USE

43. THE SHIRT CORNER DEVELOPER: Alterra Property Group LOCATION: 259 Market Street SIZE: 75,000 sf RESIDENTIAL UNITS: 59 START DATE: 2014 COMPLETION DATE: Fall 2015 STATUS: Completed INVESTMENT: $23 Million FlossBarber

44. AVENIR Daniel Jackson

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.

DEVELOPER: Alterra Property Group and The Scully Company LOCATION: 1515 Chestnut Street SIZE: 150,000 sf RESIDENTIAL UNITS: 180 START DATE: Q2 2014 COMPLETION DATE: Q3 2015 STATUS: Completed INVESTMENT: $60 Million 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.

45. AQ RITTENHOUSE DEVELOPER: Aquinas Realty Partners LOCATION: 2021 Chestnut Street SIZE: 79,046 sf RESIDENTIAL UNITS: 110 START DATE: 2014 COMPLETION DATE: 2015 STATUS: Completed INVESTMENT: $32.7 Million

Jeffrey Totaro

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DESCRIPTION: Aquinas Realty Partners purchased the vacant building 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 courtyard, 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.

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


RESIDENTIAL/MIXED-USE

46. 1919 MARKET DEVELOPER: Brandywine Realty Trust and LCOR LOCATION: 1919 Market Street SIZE: 455,000 sf RESIDENTIAL UNITS: 321 START DATE: Q4 2014 COMPLETION DATE: Q2 2016 STATUS: Under Construction INVESTMENT: $148 Million 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, demonstration kitchen, game room, and a ledge pool. Planned retail and streetscape improvements, including new trees, benches, and bike racks, will activate both Market and 20th Streets. Brandywine Realty Trust

47. MELLON INDEPENDENCE CENTER (MIC) TOWER DEVELOPER: Brickstone Realty LOCATION: 701 Market Street SIZE: 377,321 sf RESIDENTIAL UNITS: 342 START DATE: TBD COMPLETION DATE: TBD STATUS: Announced INVESTMENT: $102 Million DESCRIPTION: The 399-foot, 377,321-sf mixed-use tower will be designed by Stantec Architecture and will attach to the Lit Brothers building on Market Street. It will be 35 stories, and set back 180 feet from Market Street and 150 feet from 7th and 8th Streets. The faรงade 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.

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

Brickstone Realty

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RESIDENTIAL/MIXED-USE

48. 1112-1128 CHESTNUT STREET DEVELOPER: Brickstone Realty LOCATION: 1112-1128 Chestnut Street SIZE: 192,000 sf RESIDENTIAL UNITS: 112 START DATE: Q4 2013 COMPLETION DATE: Spring/Summer 2016 STATUS: Under Construction Brickstone Realty

INVESTMENT: $75 Million

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

49. BRIDGE DEVELOPER: Brown Hill Development LOCATION: 205 Race Street SIZE: 169,900 sf RESIDENTIAL UNITS: 146 START DATE: August 2015 COMPLETION DATE: Q1 2017 STATUS: Under Construction INVESTMENT: $65 Million DESCRIPTION: Designed by GLUCK+ in New York, the mixed-use apartment complex on the long-vacant corner of 2nd and Race Streets will include 146 rental units, 28 parking spaces, 100 bike parking spaces, and 14,000 sf of commercial space on the ground floor. The building will be 51 feet tall along Race Street and rise to just over 187 feet along 2nd Street. The building is on target to be the first LEED Gold residential high-rise in Center City. The apartments will be a mix of studios and one- and two-bedroom units. The developers plan to claim a bonus for mixed-income housing, so some of the units will be affordable to individuals making 80% of Area Median Income. Courtesy of GLUCK+

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RESIDENTIAL/MIXED-USE

50. RENAISSANCE PLAZA DEVELOPER: Carl Marks & Co. LOCATION: 400 North Columbus Boulevard SIZE: 1,900,000 sf RESIDENTIAL UNITS: 1,358 START DATE: 2016 COMPLETION DATE: TBD STATUS: Announced Alesker & Dundon Architects

INVESTMENT: $800 Million

DESCRIPTION: Carl Marks & Co. is developing a large residential project, Renaissance Plaza, on 5.3 acres that front the Delaware River at Columbus Boulevard and Callowhill Street. Designed by Alesker & Dundon Architects, the dense project will include 1,342 rental apartments in four multi-story buildings and 16 townhomes. Plans also include 69,710 sf of retail, 19,000 sf of office space, 600 parking spaces, and more than an acre of landscaped public space. The project will be built over four phases and seek LEED Gold certification. The developer is committed to building Phase I and II, with other phases contingent on demand. The equity is in place for Phase I and the developer is working on financing for Phases I and II. Parking for Phases I and II will be built during Phase I, with Phase II construction starting once 50% of Phase I is complete. Construction should start in 2016, with Phase I taking 16 months.

51. SLS LUX PHILADELPHIA HOTEL & RESIDENCES DEVELOPER: Dranoff Properties and SBE Entertainment Group LOCATION: 309-313 South Broad Street SIZE: 462,277 sf RESIDENTIAL UNITS: 90 HOTEL ROOMS: 152 START DATE: September 2016 COMPLETION DATE: Q1 2019 STATUS: Announced INVESTMENT: $240 Million

Dranoff Properties

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 condominiums 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. Amenities for both residents and guests include a full spa, fitness center, all-season, 75foot pool, and ballroom/meeting facilities. The building is designed by Kohn Pederson Fox Associates and the hotel interior designer is Philippe Starck.

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

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RESIDENTIAL/MIXED-USE

52. THE HYDE

Dranoff Properties

DEVELOPER: Dranoff Properties and SBE Entertainment Group LOCATION: 337-341 South Broad Street SIZE: 179,870 sf RESIDENTIAL UNITS: 83 HOTEL ROOMS: 76 START DATE: Q1 2017 COMPLETION DATE: Q1 2019 STATUS: Announced INVESTMENT: $75 Million 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 292feet, 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 THEATER DEVELOPER: Dranoff Properties and Universal Companies LOCATION: 1524-1534 South Street SIZE: 65,000 sf RESIDENTIAL UNITS: 52 START DATE: July 2016 COMPLETION DATE: Q3 2017 STATUS: Announced INVESTMENT: $20 Million 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.

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


RESIDENTIAL/MIXED-USE

54. DIVINE LORRAINE DEVELOPER: EB Realty Management Corporation LOCATION: 699 North Broad Street SIZE: 125,000 sf RESIDENTIAL UNITS: 109 START DATE: September 2015 COMPLETION DATE: Q1 2017 STATUS: Under Construction INVESTMENT: $43 Million

WRT

DESCRIPTION: Purchased by Eric Blumenfeld’s EB Realty Management 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 SQUARE DEVELOPER: International Financial Company and Dalian Development, LLC LOCATION: 501 North 22nd Street SIZE: 557,845 sf RESIDENTIAL UNITS: 293 START DATE: 2014 COMPLETION DATE: 2016 STATUS: Under Construction INVESTMENT: $160 Million MV+A Architects

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

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.

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RESIDENTIAL/MIXED-USE

56. THE CURTIS CENTER DEVELOPER: Keystone Property Group, Mack-Cali Realty Corp. and Roseland, a Mack-Cali Company LOCATION: 699 Walnut Street SIZE: 885,000 sf RESIDENTIAL UNITS: 57 START DATE: Summer 2015 COMPLETION DATE: Spring 2017 STATUS: Under Construction INVESTMENT: $25 Million DESCRIPTION: The 885,000-sf Curtis Center will undergo a $25 million renovation 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.

Voith and Mactavish Architects

57. 9TH AND WASHINGTON DEVELOPER: Midwood Investment & Development LOCATION: 9th Street and Washington Avenue SIZE: 126,500 sf RESIDENTIAL UNITS: 78 START DATE: 2017 COMPLETION DATE: 2018 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.  

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RESIDENTIAL/MIXED-USE

58. EAST MARKET, PHASE I DEVELOPER: 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 RESIDENTIAL UNITS: 322 START DATE: October 2014 COMPLETION DATE: Q2 2017 STATUS: Under Construction INVESTMENT: $250 Million

BLT Architects

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 creating 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 rental 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 Marketplace 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 BROAD DEVELOPER: Parkway Corporation and The Hanover Company LOCATION: 322 and 339 North Broad Street SIZE: 301,068 sf RESIDENTIAL UNITS: 339 START DATE: December 2015 COMPLETION DATE: Summer 2017 STATUS: Under Construction INVESTMENT: $121 Million Design Collective and The Hanover Company

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.

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

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RESIDENTIAL/MIXED-USE

60. 1700 CHESTNUT

61. THE BEACON

DEVELOPER: Pearl Properties

DEVELOPER: Pearl Properties

LOCATION: 1700 Chestnut Street

LOCATION: 1527-1533 Walnut Street

SIZE: 100,000 sf

SIZE: 111,000 sf

RESIDENTIAL UNITS: 98

RESIDENTIAL UNITS: 98

START DATE: 2014

START DATE: 2015

COMPLETION DATE: 2015

COMPLETION DATE: May 2017

STATUS: Completed

STATUS: Under Construction

Pearl Properties DAS Architects

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.

DESCRIPTION: Pearl Properties is developing a mixed-use residential 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 incorporate 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.

62. 19TH + CHESTNUT DEVELOPER: Pearl Properties LOCATION: 1900-1910 Chestnut Street SIZE: 412,224 sf RESIDENTIAL UNITS: 300 START DATE: 2015 COMPLETION DATE: 2018 Pearl Properties

STATUS: Under Construction

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.

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RESIDENTIAL/MIXED-USE

63. THE LATHAM DEVELOPER: Pearl Properties LOCATION: 135 South 17th Street SIZE: 125,000 sf RESIDENTIAL UNITS: 141 START DATE: November 2015 COMPLETION DATE: Summer 2016 STATUS: Under Construction 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 CafĂŠ will be the retail tenant on the lower two floors of the building. Pearl Properties

Designed by Jacobs, executed by Studio Agoos Lovera

64. EASTERN TOWER COMMUNITY CENTER DEVELOPER: Philadelphia Chinatown Development Corporation (PCDC) and JNA Capital, Inc. LOCATION: 300 North 10th Street SIZE: 195,000 sf RESIDENTIAL UNITS: 150 START DATE: Spring 2016 COMPLETION DATE: 2017 STATUS: Announced INVESTMENT: $76 Million DESCRIPTION: PCDC has helped form an immigrant investor Regional 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 Citibank, 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.

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RESIDENTIAL/MIXED-USE

65. 218 ARCH STREET DEVELOPER: PMC Property Group LOCATION: 218 Arch Street SIZE: 140,000 sf RESIDENTIAL UNITS: 116 START DATE: Spring 2016 COMPLETION DATE: Summer 2017 STATUS: Announced INVESTMENT: $58 Million 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.

Varenhorst

66. ONE WATER STREET DEVELOPER: PMC Property Group LOCATION: 250 North Columbus Boulevard SIZE: 272,178 sf RESIDENTIAL UNITS: 250 START DATE: October 2014 COMPLETION DATE: Spring 2016 STATUS: Under Construction INVESTMENT: $65 Million Varenhorst

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-bedroom units and 35% two- and three-bedroom units. The One Water Street grounds will include two public green spaces, designed by landscape architect David Rubin at Land Collective, one of which will have the effect of a promenade along Columbus Boulevard. Together, the two public spaces will total about 11,600 sf, or 20% of the site. Ten percent of the units will be reserved for lower-income residents. The project also includes a green roof, 73 parking spaces, car-share spots, a bicycle storage room, gym, and meeting space for building residents. The project will include 5,000-sf of ground-floor retail due to the growing pedestrian presence on Columbus Boulevard.

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


RESIDENTIAL/MIXED-USE

67. ONE FRANKLIN TOWER

PMC Property Group

DEVELOPER: PMC Property Group and Lubert-Adler LOCATION: 200 North 16th Street SIZE: 607,471 sf RESIDENTIAL UNITS: 325 START DATE: April 2016 COMPLETION DATE: Spring 2017 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 STREET

Varenhorst

DEVELOPER: PMC Property Group and Lubert-Adler LOCATION: 2400 Market Street SIZE: 950,000 sf RESIDENTIAL UNITS: 325 START DATE: February 2016 COMPLETION DATE: 2018 STATUS: Under Construction INVESTMENT: $230 Million+ DESCRIPTION: A partnership consisting of PMC Property Group and Lubert-Adler purchased Marketplace Design Center for $42 million in April 2014. The property consists of two buildings, 2400 Market Street 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.

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RESIDENTIAL/MIXED-USE

70. THE ROOSEVELT APARTMENTS DEVELOPER: Post Brothers LOCATION: 2216-2222 Walnut Street SIZE: 64,628 sf RESIDENTIAL UNITS: 97 START DATE: 2015 COMPLETION DATE: 2016 STATUS: Under Construction INVESTMENT: $20 Million Rafael Viñoly Associates

69. 1401 SPRUCE STREET Post Brothers

DEVELOPER: Post Brothers

DESCRIPTION: The two-building complex was purchased by an undisclosed 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 operational as it undergoes a $20-million renovation.

LOCATION: 1401 Spruce Street SIZE: 263,000 sf RESIDENTIAL UNITS: 200 START DATE: 2014 COMPLETION DATE: Early 2017 STATUS: Under Construction INVESTMENT: $210 Million 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 current Broad Street entrance. The project is designed by Rafael Viñoly Architects.

71. TRANSATLANTIC DEVELOPER: PRDC Properties LOCATION: 420-422 Fairmount Avenue RESIDENTIAL UNITS: 66 START DATE: 2015 COMPLETION DATE: 2017 STATUS: Under Construction

ISA - Interface Studio Architects

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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.

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RESIDENTIAL/MIXED-USE

72. FRANCIS HOUSE OF PEACE DEVELOPER: Project HOME and Philadelphia Chinatown Development Corporation (PCDC) LOCATION: 810 Arch Street SIZE: 79,096 sf RESIDENTIAL UNITS: 94 START DATE: July 2014 COMPLETION DATE: November 2015 STATUS: Completed INVESTMENT: $24 Million

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 Philadelphia 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.

73. 1601 VINE STREET DEVELOPER: Property Reserve, Inc. LOCATION: 1601 Vine Street SIZE: 513,997 sf RESIDENTIAL UNITS: 277 START DATE: Late 2014 COMPLETION DATE: 2017 STATUS: Under Construction INVESTMENT: $120 million (media estimates)

Robert A.M. Stern Architects

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 amenities include a swimming pool, fitness center, club room and business center. Robert A.M. Stern Architects of New York is the project designer, with BLT Architects of Philadelphia serving as associate architect.

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RESIDENTIAL/MIXED-USE

74. 1300 FAIRMOUNT DEVELOPER: RAL Development Services, LLC LOCATION: 1300 Fairmount Avenue SIZE: 783,760 sf RESIDENTIAL UNITS: 486 START DATE: Summer 2016 COMPLETION DATE: 2018 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 support 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 Program (RACP).

Cope Linder Architects/RAL Development Services, LLC

75. 1911 WALNUT STREET DEVELOPER: Southern Land Company LOCATION: 1911 Walnut Street SIZE: 550,000 sf RESIDENTIAL UNITS: 406–417 START DATE: TBD COMPLETION DATE: TBD STATUS: Announced INVESTMENT: $300 Million

SCB Architecture

DESCRIPTION: Southern Land Company will develop the empty parcel at 1911 Walnut Street across from Rittenhouse 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.

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RESIDENTIAL/MIXED-USE

77. 1213 WALNUT DEVELOPER: The Goldenberg Group and Hines LOCATION: 1213 Walnut Street SIZE: 300,000 sf RESIDENTIAL UNITS: 322 START DATE: November 2015 COMPLETION DATE: Q3 2017 STATUS: Under Construction

BartonPartners

INVESTMENT: $125 Million

76. THE NATIONAL DEVELOPER: The Patriot Group

Dec. 4, 2015

Goldenberg Group

LOCATION: 115 North 2nd Street SIZE: 204,235 sf RESIDENTIAL UNITS: 192 START DATE: Spring 2016 COMPLETION DATE: 2017

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.

STATUS: Announced INVESTMENT: $23 Million 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.

78. 2400 SOUTH DEVELOPER: Toll Brothers LOCATION: 2400 South Street SIZE: 235,583 sf RESIDENTIAL UNITS: 127 START DATE: 2012 COMPLETION DATE: Spring 2015 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.

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RESIDENTIAL/MIXED-USE

79. 1001 SOUTH BROAD DEVELOPER: Tower Investments LOCATION: 1001 South Broad Street SIZE: 1,800,000 sf RESIDENTIAL UNITS: 950–1,000 START DATE: TBD COMPLETION 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 CALLOWHILL DEVELOPER: Wing Lee Investment, L.P. LOCATION: 900-934 Callowhill Street SIZE: 173,913 sf RESIDENTIAL UNITS: 146 START DATE: Spring 2016 COMPLETION DATE: 2019 STATUS: Announced INVESTMENT: $20 Million 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 buildings: 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 estimated $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.

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RETAIL

81. 1428 WALNUT DEVELOPER: Midwood Investment & Development LOCATION: 1428 Walnut Street SIZE: 60,000 sf START DATE: Q4 2013 COMPLETION DATE: Summer 2015 STATUS: Completed DESCRIPTION: Capitalizing on rising rents in Philadelphia’s prime retail district, Midwood Investment & 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.

82. FASHION OUTLETS OF PHILADELPHIA AT MARKET EAST DEVELOPER: PREIT & Macerich LOCATION: Northern blocks of Market Street between 8th and 11th Streets SIZE: 1,500,000 sf START DATE: 2015 COMPLETION DATE: Spring 2018 STATUS: Under Construction INVESTMENT: $325 Million PREIT

DESCRIPTION: In July 2014, it was announced that the California-based retail developer Macerich acquired a 50% interest in The Gallery in return for investing in redeveloping the mall. PREIT and Macerich are now repositioning The Gallery to 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 Strawbridge’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.

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ACKNOWLEDGMENTS

INFORMATION PARTNERS June 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

P&A Associates – Robert Shaw

Dranoff Properties

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

Drexel University Communications FFKR Architects FlossBarber The Free Library of Philadelphia Gensler GLUCK+ Goldenberg Group Granum Associates Greystar

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

Hargreaves Associates and Redsquare ISA - Interface Studio Architects JKRP Architects

Priderock Capital Partners, LLC – Chris Todd Project HOME – Matthew McCarter

KieranTimberlake Kramer + Marks Architects Moustafa Moustafa

Risa Heller Communications – James Yolles Realen – Dennis Maloomian

MV+A Architects NC3D for Robert A.M. Stern Architects Pearl Properties Perkins Eastman Architects

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

Philadelphia Museum of Art PMC Property Group Post Brothers PREIT Rafael Vinoly Associates RAL Realen Robert A.M. Stern Architects Scannapieco Development Corporation

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

SCB Architecture Scott Aker, AIA

PHOTOGRAPHY & RENDERINGS

spg3 architects

(c) 2016 Curio

Stantec

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

Aimco

Varenhorst

Cashman & Associates – Michelle Conron, Laura Krebs Miller

Alesker & Dundon Architects

Voith and Mactavish Architects

Alliance Partners HSP, LLC

WRT

International Financial Company – Odara Jabali-Jeter

Ballinger and Pelli Clark Pelli Architects BartonPartners

CCD STAFF

Keystone Property Group – Jennifer Cooperman

BLT Architects

Midwood Investment & Development – Michelle Goldman

Brickstone Realty

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

Brandywine Realty Trust

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

Museum of the American Revolution – ZeeAnn Mason

Comcast Corporation

National Real Estate Development – Charles Norman

Daniel Jackson

JKRP Architects – Mike Izzo

Delaware River Waterfront Corporation

Parkway Corporation – Salvatore Farruggia, Robert Zuritsky Pearl Properties – James Pearlstein

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Cope Linder

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

DAS Architects Design Collective and The Hanover Company

UPDATES/ERRATA

Designed by Jacobs, executed by Studio Agoos Lovera

www.CenterCityPhila.org/Developments

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Center City Philadelphia Developments, 2015-2019