Developer Parkway Corporation is seeking to redevelop a block-spanning, 53,568-square-foot parking lot at 1443-49 Cherry Street in Logan Square, Center City. The developer’s “opportunities” page states that the site is currently available for development and can support 642,816 square feet of buildable space at a floor-to-area ratio of 12:1, or whopping 1,071,360 square feet at an FAR of 20. Discounting any potentially applicable height limits, the site is theoretically capable of housing a skyscraper that rises well over 50 stories, a podium with ample retail space, and still have enough leftover room for a public plaza and/or promenade.
If a sizable tower does rise at the site, it would extend the skyline of the adjacent Center City core to the northeast. Tall, large-scale development would be entirely appropriate at the site, which sits amidst a large number of high-rise buildings. Moreover, the development would fill a glaring, pedestrian-unfriendly gap in an otherwise densely built out streetscape.
Although no plans have nor permits have been filed for the site, YIMBY would like to see a large, mixed-use proposal for the property, possibly involving residential, retail, office, hotel, and/or institutional space. Each of these uses would be able to capitalize on a variety of users from the nearby Convention Center as well as booming Lower North Philadelphia to the north.
https://phillyyimby.com/2021/12/park...velopment.html
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