Monday, April 27, 2015

28-Story Luxury Apartment Tower to Begin Rising on Market Street

Another high-rise luxury apartment tower will soon begin to rise in Center City, at 1919 Market Street, on the corner of 20th & Market Streets. The new 460,000-square-foot mixed-use building will stand next to the Independence Blue Cross Tower in the middle of Center City’s largest and tallest office corridor. This tower will be 28-stories high and comprised of 321 luxury apartment units, with ground floor retail and a five-story parking garage for 215 vehicles. The project is expected to be completed in 2016.

The corner of 20th and Market Street will soon be looking at lot different.

Brandywine Realty Trust, which was named Developer of the Year by Development Magazine, is teaming up with Berwyn-based real estate company LCOR to construct the new 28-story mixed-use tower .

Hunter Roberts Construction is managing the process of building the 460,000-square-foot tower, which was designed by Barton Partners.

There will be twelve units per floor above the fourth floor, except for the top three floors, which will have larger penthouses on the 26th & 27th floors, with an amenities floor on the very top.

The apartments will range from studios to two bedrooms, and the corner units will have large balconies.

Project Details:
- 321 luxury apartments
- 24,000 square feet of office space for Blue Cross
- Five-Story parking garage for 215 cars
- Ground-floor retail space for CVS pharmacy
- Full concierge service
- Fitness center
- Rooftop ledge pool
- Outdoor roof garden with fire pit
- Game room with golf simulator
- Target completion date: 2016.
Except for the lobby, the entire first floor will have retail space, and the second floor will have office space. The commercial space will total approximately 25,000 square feet on both floors.  The third and fourth floors will have two-level loft apartments facing Market Street. 

The tower will have dark have multi-colored glass window panels. The glass panels will have a random pattern and come in four colors: blue, green, light gray, and silver.

A parking structure will rise five stories on the north side of the property at Commerce Street, and will accommodate 215 parking spaces.  The parking garage will also have 108 bike storage spaces and retail space on 20th Street.

The developers plan to obtain LEED Silver certification for the tower, with features such as Energy Star appliances, low-flow showers, energy-efficient lighting and mechanical systems, and storm water management.

Foundation work for the shiny 367 feet tall building is presently underway.