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Mixed-Use 1213 Walnut Development Breaks Ground

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One year after purchasing the surface lot next to Fergie's Pub, the Goldenberg Group, Hines, and ASB Real Estate Investments broke ground today on 1213 Walnut. The 300,000-square-foot mixed-use development includes a 26-story residential building that will have 322 rental units—it will not include a hotel component as previously planned, according to the Philadelphia Business Journal. In fact, the development almost didn't happen, after the Goldenberg Group met great resistance from Fergie's and was handed a lawsuit. After a settlement was made, Goldenberg nixed the hotel plans and kept the apartment and retail aspect of the development.

In addition to the residential units, 1213 Walnut, which will be Leed Silver certified, will feature plenty of perks: 7,200 square feet of retail space, an outdoor terrace lounge, a gaming area, kitchen, conference space, and a "quiet room." There will also be a 3,000-square-foot indoor and outdoor fitness center that include a yoga terrace, rooftop deck, a private dog park, and a bike storage space.

· Fergie Tower to break ground Tuesday [PBJ]