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.

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