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For Sale: Could this Chestnut Street Building Sell for $10m?

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Remember how HughE Dillion of PhillyChitChat tweeted it out there that rumors say Jay Z might be opening a club at the former Today's Man spot? It turns out that the building, located at 1528 Chestnut Street, could possibly be sold for as much as $10 million. It's up for sale now through Jones Lang Lasalle and the lease of its current occupant, Modell's Sporting Goods, runs out in January of 2017. Now, we don't know if the Jay Z club rumors have any legs, but we do know that 10 million is some serious coin — and serious coin is something the Jiggaman definitely has.

At almost 26,000 square feet, the two-story building is quite large and runs from Chestnut Street all the way back to Sansom Street. As the Philadelphia Business Journal points out, the building is zoned CMX-5 and could lead to the redevelopment of the property in to something much larger and higher down the road.
· W Hotel is Starting to Percolate Near 15th and Chesnut Street [Curbed Philly]
· Property at 15th and Chestnut streets up for sale, could fetch $10M [PHL Biz Journal]
· Trouble maker Wendy's is on the move [PhillyChitChat]