PHILADELPHIA | 2300 Market Street | 187 FT | 14 FLOORS

mcgrath618 · #1 Posted **Mar 23, 2021, 11:41 PM**

West Market might actually feel like a city again!

Title: 2300 Market Street
Architect: Tantillo Architecture
Developer: PMC Property Group
Location: 2300 Market Street, Philadelphia, PA
District: Center City
Neighborhood: West Market
Floors: 14
Height: 187 FT

222-Unit, 14-Story Overbuild Project Planned at 23rd and Market

Quote:

About a year ago, plans for a 180 room hotel project at 2300-2324 Market Street came to light. That plan entailed an overbuild that would bring the new structure to 11 total stories and also include office space.

It looks like the plans have grown and shifted to a residential, office, and retail mixed-use project.

In anticipation of the development team’s meeting with the Civic Design Review (CDR), project details and renderings have been released for a 14-story overbuild project at 2300-2324 Market Street that will include 222 residential units, 39,855 square feet of office space, 12,048 square feet of retail space, 8 onsite parking spaces, 52 offsite parking spaces, and 74 bicycle stalls. 200 residential units will be located in the overbuild structure while 22 residential units, the office space, retail space, and residential amenities will be located within the existing structures. The underground parking access and loading docs will be located behind the building on Ludlow Street.

http://www.rising.realestate/222-uni...rd-and-market/

CDR Submission

summersm343 · #2 Posted **Mar 23, 2021, 11:55 PM**

Superb project! Build it now!

TK2001 · #3 Posted **Mar 24, 2021, 4:14 PM**

https://phillyyimby.com/2021/03/new-...nter-city.html

mcgrath618 · #4 Posted **Mar 25, 2021, 1:06 AM**

With this proposal, and the potential development behind the Trader Joes, I don't think it's very long before that PECO lot gets rehabilitated and developed.

TonyTone · #5 Posted **Mar 25, 2021, 4:14 AM**

Quote:

Originally Posted by mcgrath618

With this proposal, and the potential development behind the Trader Joes, I don't think it's very long before that PECO lot gets rehabilitated and developed.

Wait is that building behind PECO a parking garage or a building?

I wonder what can be built there?

Do they tear down everything and start over or just redo that building and make it a tower.

mcgrath618 · #6 Posted **Mar 25, 2021, 5:56 AM**

Quote:

Originally Posted by TonyTone

Wait is that building behind PECO a parking garage or a building?

I wonder what can be built there?

Do they tear down everything and start over or just redo that building and make it a tower.

I’m referring to the lot immediately across from the new law HQ being built next door. It’s a massive vacant lot that spans the whole block from 22nd to 23rd, Market to JFK.

I’m pretty sure half of it was a superfund site at one point.

Nova08 · #7 Posted **Mar 25, 2021, 1:09 PM**

Quote:

Originally Posted by mcgrath618

I’m referring to the lot immediately across from the new law HQ being built next door. It’s a massive vacant lot that spans the whole block from 22nd to 23rd, Market to JFK.

I’m pretty sure half of it was a superfund site at one point.

That lot appears to have been a parking lot for at least 70 years. The substation looks like it goes back almost as long.

summersm343 · #8 Posted **Mar 25, 2021, 7:45 PM**

222-Unit, 14-Story Overbuild Project Planned at 23rd and Market

Read/view more here:
http://www.rising.realestate/222-uni...rd-and-market/

summersm343 · #9 Posted **Mar 25, 2021, 7:53 PM**

222-Unit Tower Revealed At 2300-2324 Market Street

Current site:

Rendering:

Aerial rendering:

Read/view more here:
https://phillyyimby.com/2021/03/new-...nter-city.html

summersm343 · #10 Posted **Apr 5, 2021, 4:01 PM**

YIMBY Presents Exclusive Concept Massings For 2300 Market Street

Read/view more here:
https://phillyyimby.com/2021/04/yimb...city-west.html

Knight Hospitaller · #11 Posted **Apr 5, 2021, 6:01 PM**

God save us from the twin-stemmed toadstool across from TJ's.

mcgrath618 · #12 Posted **Jun 9, 2021, 3:03 PM**

Some advancement:
https://li.phila.gov/Property-Histor...ZP-2020-006553

Quote:

COMBINED LOT LINE RELOCATION AND NEW DEVELOPMENT
FOR THE LOT ADJUSTMENT TO CREATE ONE PARCEL "PARCEL A" FROM THREE(3) OPA ACCOUNTS( 2324-28 MARKET ST, 2314-22 MARKET ST AND 2300 MARKET ST) . SIZE AND LOCATION AS SHOWN IN THE APPLICATION

UCityGardener · #13 Posted **Jul 3, 2021, 10:51 PM**

The lot across from PECO between 22nd and 23rd is owned by PECO. When I worked there they said there was equipment under that lot and that it would never be developed. Not sure if that's true, but I doubt we'll see that lot developed anytime soon.

Knight Hospitaller · #14 Posted **Jul 4, 2021, 12:33 AM**

^It has also frequently been said in this forum that the site has environmental remediation issues that will cause it to remain fallow until the opportunity cost of leaving it undeveloped becomes too high.

hammersklavier · #15 Posted **Jul 4, 2021, 4:59 AM**

Quote:

Originally Posted by Knight Hospitaller

^It has also frequently been said in this forum that the site has environmental remediation issues that will cause it to remain fallow until the opportunity cost of leaving it undeveloped becomes too high.

The tipping point for that should be near at hand though, considering that nearly every remaining neighboring un(der)developed parcel now has a significant development proposal on it.

steve_phl · #16 Posted **Nov 12, 2021, 1:23 AM**

The latest on this from the 9/13 CCRA meeting:

Quote:

b. 2300 Market – Rick G. reported that Lupert-Adler, the developer of 2300 Market, has sold the project to Breakthrough Properties, an affiliate of Tishman Speyer, a New York developer who intends to develop the property as the first of several science and technology facilities. Breakthrough wishes to be relieved of its obligations under the Community Benefits Agreement previously negotiated by Lupert-Adler and CCRA and negotiate a new one. A taskforce will be appointed to negotiate this. A motion to allow the president to sign a letter to Lupert-Adler confirming this was seconded and passed.

PurpleWhiteOut · #17 Posted **Nov 12, 2021, 1:57 AM**

Does that mean this is shifting away from residential in favor of science/tech space?

PHLtoNYC · #18 Posted **Nov 12, 2021, 2:05 AM**

Hopefully the design doesn't change, I love the industrial windows.

PurpleWhiteOut · #19 Posted **Nov 12, 2021, 4:49 AM**

I love the design and hope it stays as well. Honestly I'd rather this be office/work space for Market St, so I like the pivot. It's interesting how all-in everyone is on lab space. It is booming, but at the same time is probably cannibalizing the Schuylkill Yards plan. I think it's a mistake on the part of SY to not be building on spec, because it would be easier to lure people into an already-built space

Redddog · #20 Posted **Nov 12, 2021, 3:07 PM**

Quote:

Originally Posted by PurpleWhiteOut

I love the design and hope it stays as well. Honestly I'd rather this be office/work space for Market St, so I like the pivot. It's interesting how all-in everyone is on lab space. It is booming, but at the same time is probably cannibalizing the Schuylkill Yards plan. I think it's a mistake on the part of SY to not be building on spec, because it would be easier to lure people into an already-built space

Eh. there seems to be a lack of space to accomodate the absolute explosion in Life Sciences demand for space right now. I think SY will be fine.