Title: 2120 Market
Project: office space, luxury apartments, retail
Architect: NBBJ Architects
Developer: Brandywine Realty Trust
Location: 2100 Market St., Philadelphia
Neighborhood: Penn Center/ Central Business District
District: Center City
• 250,000 sf of Creative office
• Typical 15’-0” Floor to Floor
• Podium and lower tower
• Parking requirement is 1 lot per 5,000sf (marketing requirement)
• There is no city requirement for parking
• Lobby ~ 2,000sf
• Remainder of GFA in Residential
• 10’-8” Floor to Floor (10’-0” clear interior ceiling)
• Average Unit Size = 800sf
• Parking requirement is 3 lots per every 10 Residential units
• Lobby ~1,000sf
CEO: Brandywine plans loft-style offices, residences on 2100 block of Market
Brandywine Realty Trust plans to develop loft-style offices and residential units on the land it bought this month along the 2100 block of Market Street in Center City, president and chief executive Jerry Sweeney told analysts Thursday in a conference call.
The offices would be similar to those at the 1900 Market St. building that Brandywine is now renovating, Sweeney said. That structure, known as the Stock Exchange Building, is being upgraded with open floor plans and collaborative work and meeting areas.
The company will partner with an outside firm for the residential units, Sweeney said.
"The 2100 block of Market we view to be very much of a mixed-use development," he said.
Brandywine agreed to pay $18.8 million for the land, the company said in a statement. The 37,000-square-foot property, which comprises most of the block's southern side, includes the site of 2013's deadly building collapse that flattened a thrift store.
Development of Brandywine's recently acquired properties - which include a parking structure at Seventh and Market Streets - would not begin until the company completed the FMC Tower, being built near 30th Street Station, and other current projects, Sweeney told analysts.
"We'll proceed with planning over the next 12 to 18 months and position them for starts in the 2017 to 2019 time frame," he said.
Renderings and other information from private investor PDF.