PHILADELPHIA | 4601 Market Street | 220 FT | 18 FLOORS

[mcgrath618]

Insert Bob Dylan's "The Times, They are a-Changin'"

Title: 4601 Market Street
Project: Residential Mixed-Use
Architect: Bernardon
Developer: Iron Stone
Location: 4601 Market Street
Neighborhood: Mill Creek
District: West Philadelphia
Floors: 18 Floors
Height: 220 Feet




[/QUOTE]

1,240 Units, 18-story Tower Planner at 46th and Market Street in West Philly

Back around 2016, we remember watching the beautiful Provident Mutual Insurance Building near 46th Street Station being renovated as we regularly rode the El through West Philly. Slowly, the facade was cleaned up and new windows were installed in preparation of the property being used as the Philadelphia Police headquarters. The city ended up spending $52 million renovating the building for the police only to later change its plans. Shortly after Mayor Jim Kenney was elected, the city decided to instead move the police headquarters to the former Inquirer Building on North Broad Street and sold the Provident Mutual Insurance Building in West Philly for $10 million, taking on a huge loss.

Since the city sold the property to Iron Stone Real Estate Partners, the new owner has completed the renovation of the original building, which is now occupied by tenants such as the Children’s Hospital of Philadelphia (CHOP), a charter school, and other office users.

The original building was not the main attraction for this property, though. The parcel totals 873,000 square feet and is zoned CMX-3, a zoning category that allows for relatively dense residential mixed-use development. On top of that, the property sits within a Transit Oriented Development (TOD) overlay, which allows for additional density and height due to proximity to public transit.

Iron Stone recently announced that they would be pursuing a by-right development on the vacant land surrounding the Provident Mutual Insurance Building that entails 1,240 market rate residential units, retail, and parking within an 18-story tower and five 7-story buildings at 4601 Market Street.

https://www.rising.realestate/1240-u...n-west-philly/

[PhilliesPhan]

I love the design! It’s about time new development pushes it’s way up Market Street! Market Street, especially between 40th and 52nd Streets, should be densifying at a similar rate to Front Street.

It continues to blow my mind just how far west this building boom has moved. When I was growing up in West Philly, the “don’t go west of 40th Street” mindset was prevalent. The old 46th Street El stop (back when the stub end from the old Market Street Elevated still existed) barely had any riders, and the area surrounding it was pedestrian-unfriendly. I wouldn’t be surprised if there are at least flips, if not new construction, occurring on and around my old block at this point!

[Airydite]

This will definitely bring greater density to the neighborhood, but the white/gray top stories don't seem to quite mesh with the brick bottom stories...

[mcgrath618]

Originally Posted by Airydite

This will definitely bring greater density to the neighborhood, but the white/gray top stories don't seem to quite mesh with the brick bottom stories...

Was thinking the same thing. If the brick continued up the facades on all sides the design would be superb. I think I might want to go to the upcoming CDR meeting and suggest that.

[chimpskibot]

West Philly has so much momentum right now! This and the lot directly across from the el at 46th are begging to be developed. Im sure CCP is glad they acquired and built their new campus when they did.

[PurpleWhiteOut]

Originally Posted by mcgrath618

Was thinking the same thing. If the brick continued up the facades on all sides the design would be superb. I think I might want to go to the upcoming CDR meeting and suggest that.

Please go, the Rittenhouse monstrosity will be coming back up and not enough of the public comments tore it up lol.

[Justin7]

Originally Posted by Airydite

This will definitely bring greater density to the neighborhood, but the white/gray top stories don't seem to quite mesh with the brick bottom stories...

This entire thing is one giant mess, but 1200+ units of TOD at... (isn't this actually 48th?) is incredible.

[gjrip]

This is pretty dang impressive. Love the proposal, hope they build it.

[summersm343]

Looks pretty good! Wish they would redesign the top half of the tower, but otherwise, this would be a MASSIVE boon for the area. Hope it happens

[mcgrath618]

CDR Submission

[mcgrath618]

https://www.inquirer.com/real-estate...-20230221.html

Very happy to see this completely out of Gauthier's hands. Literally all she can do is say something at the CDR review (which is non-binding anyways). I definitely think that there should be some affordable units included, though.

[3rd&Brown]

In the pic posted in this thread, the street wall frontage on Market looks blank. That can't be, can it?

[mcgrath618]

Originally Posted by 3rd&Brown

In the pic posted in this thread, the street wall frontage on Market looks blank. That can't be, can it?

Not sure, hard to tell. I'm going to go to the CDR meeting for this.

[arkitect13]

Originally Posted by 3rd&Brown

In the pic posted in this thread, the street wall frontage on Market looks blank. That can't be, can it?

Looking at the CDR submission, it appears there will
l be 1 retail spot and the rest will be an unactivated area, because an underground-ish parking garage will take up the space, however there will be a pedestrian connection into the main courtyard where a few retail spaces appear to be

[summersm343]

1,240-Unit Project Coming to the Provident Mutual Campus at 46th & Market















Read/view more here:
https://www.ocfrealty.com/naked-phil...at-46th-market

[kool-ski]

As some have speculated on here, Jamie Gauthier has interfered and now delayed this project! Sigh


https://www.instagram.com/p/CpQhPoBv...d=YmMyMTA2M2Y=

[TempleGuy1000]

Originally Posted by kool-ski

As some have speculated on here, Jamie Gauthier has interfered and now delayed this project! Sigh


https://www.instagram.com/p/CpQhPoBv...d=YmMyMTA2M2Y=

Got to do the proper philly shakedown. Ironstone was probably prepared to play the game anyway, but it sucks seeing it yanked from CDR review.

[kool-ski]

Originally Posted by TempleGuy1000

Got to do the proper philly shakedown. Ironstone was probably prepared to play the game anyway, but it sucks seeing it yanked from CDR review.

You're probably right & totally agree

Btw, while I'm the last person to have anyone displaced, I just happen to be looking at that aerial google map surrounding this project and it's amazing how underdeveloped that area of Mill Creek is and would love to see more big time development

[Gatorade_Jim]

Originally Posted by TempleGuy1000

Got to do the proper philly shakedown. Ironstone was probably prepared to play the game anyway, but it sucks seeing it yanked from CDR review.

Mandatory affordable housing just increases rental prices for the rest of us unless the government subsidizes it to offset the cost. I'll have to look into the zoning overlay to see if the government does. It's not as though the cost of construction goes down. It's just split over fewer units. Philly is already doing much better than our peer east coast cities on housing cost. But sure, delay new units coming to market.

[iheartphilly]

So much for free market, market rate determined by supply/demand.