A glossy, 27-story apartment building may soon be going up in Center City, just feet from Jeweler’s Row.
Plans for the building at 709 Chestnut Street will go in front of the Civic Design Review (CDR) next month. Developers The Parkway Corporation are proposing a high-rise with 278 residential units—including studios through two-bed places—parking, amenities, and a residential lobby. The space is now home to a parking lot that stretches between Chestnut and Ranstead streets, and features a 10,000-square-foot mural on the southwest building.
The project is a revival of old plans to construct an apartment tower at the site in 2016. The previous proposal, which envisioned a 32-story residential tower, was scrapped after Parkway Corp.’s then-partner, Mack-Cali Realty Corp., backed out.
This new project proposes a tower that stretches between Chestnut and Ranstead streets, with a facade that features lots of windows, metal wall panels, concrete, and brick. Parking for the space will sit above ground, on the second floor.