Tower Proposal Underscores A Shifting Commercial District

 

“Plans call for turning the former Marketplace Design Center into a 22-story tower, part of a westward push in Philadelphia development.” | Rendering: Varenhorst/Gensler

“Plans call for turning the former Marketplace Design Center into a 22-story tower, part of a westward push in Philadelphia development.” | Rendering: Varenhorst/Gensler

  •  PMC Property Group’s proposed redevelopment of the Marketplace Design Center building at 2400 Market Street is “the latest sign that Philadelphia’s most aggressive development is shifting west,” says The Inquirer’s Jacob Adelman. With the existing structure acting as a base, the $250 million plan is for a 22-story tower, with 350 apartments and 450,000-square-feet of office space. “You’re not just seeing it with us,” PMC executive vice president Jonathan Stavin says. “The Schuylkill . . . is going to become the new center of Philadelphia.”
  • An independent analysis by Econsult has concluded that the University of Pennsylvania, in the fiscal year 2015 alone, infused some $14.3 billion into the local and state economies. While noting the effect these numbers will have in the debate over demanding PILOTs (payment in lieu of taxes) from city schools, Michael Tanenbaum at Philly Voice calls the findings “jarring,” underscoring “just how important the institution and its many partnerships are to economic growth and stability in the region.”
  • Dan McQuade recounts how Brandywine and Liberty Property worked with the Streets Department to secure a mid-block crosswalk leading from the back entrance of the Comcast Center, all without the taxpayer paying a dime.
  • American Airlines will renovate its Admirals club lounge at Philadelphia International’s Terminal A-West into a luxury Flagship, reserved for frequent First-and-Business class international travelers.
About the author

Stephen Currall recently received his BA in history from Arcadia University. Before beginning doctoral studies, he is pursuing his interest in local history, specifically just how Philadelphians engage their vibrant past. Besides skimming through 18th century letters, Steve is also interested in music and travel.

Send a message!



Leave a Reply

Comment moderation is enabled, no need to resubmit any comments posted.

Recent Posts
From <em>Click</em> To Clink: A History Of Mug Shots In The Quaker City

From Click To Clink: A History Of Mug Shots In The Quaker City

September 20, 2018  |  Harry K's Encyclopedia

Harry K. gives us the backstory of Philadelphia's Rogues' Gallery, which has been tracking criminals in photographic form since the 1860s > more

Unlisted Philadelphia: Automobile Row

Unlisted Philadelphia: Automobile Row

September 18, 2018  |  Unlisted Philadelphia

Ben Leech spotlights unique and significant buildings not listed on the Philadelphia Register of Historic Places with his architectural illustration series, Unlisted Philadelphia. In this installment, he puts the pedal to the metal on Automobile Row > more

Abandoned Navy Hangar Prepares For Final Battle

Abandoned Navy Hangar Prepares For Final Battle

September 14, 2018  |  Last Light

A demolition study for the Mustin Field Seaplane Hangar at the Navy Yard puts a structural engineering landmark on notice. Michael Bixler takes us inside > more

Twitter Bot Reveals Revenue Loss From Tax Abatement

Twitter Bot Reveals Revenue Loss From Tax Abatement

September 13, 2018  |  News

Starr Herr-Cardillo catches up with the software engineer behind Philly Tax Abatements, a new Twitter account that aggregates the cost of City money lost to the 10-year tax abatement > more

Harvey Finkle: Photographer Seeks Justice For The Other

Harvey Finkle: Photographer Seeks Justice For The Other

September 10, 2018  |  Walk the Walk

New photography exhibition explores South Philly's Jewish communities and the city's transitioning immigrant populations. Joe Brin has the story > more

New Book Gives Insight Into Uncovering Philly History

New Book Gives Insight Into Uncovering Philly History

September 6, 2018  |  Vantage

Mickey Herr sits down with author and Philly historian extraordinaire Kenneth Finkel to discuss his new book, "Insight Philadelphia" > more