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Old Posted Dec 19, 2014, 9:21 PM
wondertwinalpha wondertwinalpha is offline
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Join Date: Sep 2013
Location: Philadelphia
Posts: 123
Boyd Theater/Pearl Properties

I am sure many have seen this, but for those who haven't, here are a couple articles on the sale of the Boyd and the potential for this project to move forward now that the property was bought by Pearl Properties (developers for 1900 Chestnut).

The problem is that his 295-foot building would be twice as dense as zoning allows for that tiny site. Adding the Boyd to the mix enlarges the footprint of the property and solves the density issue. Instead of having to seek a zoning variance or special Council bill, Pearl can now construct the tower by right, simply by applying for a building permit.