Development

Lost Potential: Banking On A Better Future For PSFS Building

The former Philadelphia Savings Fund Society headquarters on Washington Square has had a hard time keeping occupants inside its grand banking floor since the parent financial institution sold the building in 1988. High end restaurants have come and gone, leaving the space vulnerable to uninspired reuse, like its current iteration as an urgent care medical facility, Jefferson at Washington Square. The Shadow thinks the hospital cashed the neighborhood’s check by squandering the building’s potential and freezing the block with cold commerce