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Originally Posted by PHLtoNYC
Archive has some nice projects. I wonder if they are equipped for a tower?
This parcel deserves a 400'+ tower, not a squat 5-10 story building.
Parkway Corp. sells prime Center City site to local developer
https://www.bizjournals.com/philadelphia...-sells-development-site-21st-ludlow.html
An entity affiliated with Ryan Kalili bought the property at 14-30 S. 21st St. on the southwest corner of 21st and Ludlow streets, according to industry sources. Kalili is a co-founder of local real estate firm Archive Development, but sources said the acquisition was made independent of Archive.
Parkway operates a surface parking lot at the property. It previously had plans for a 31-story apartment tower on the site but the project was called off in 2023 due to high interest rates and construction costs.
The property is in a CMX-4 zone, which allows for a combination of residential and commercial uses.
A potential project at 21st and Ludlow streets would be Kalili’s first major downtown development. |
Makes sense as their next step having done a slew of 4-8 story. Either way, you know it's going to be a well designed building.
Also, their website doesn't work anymore. Wonder if they had a bad split up, or just a refresh...
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