Philly-based group plans 18-story office tower in Center City

Developer Parkway Corp., which is behind the plans for several high-rises around the city, is looking at another proposed development—this time just feet from the Schuylkill River.

The Philly-based group has applied for $5 million in funding through the Redevelopment Assistance Capital Program (RACP), which provides state funding for development projects. With the funding, they hope to construct an 18-story office building on the 2200 block of Market Street, dubbed—fittingly—“23rd + Market, according to a report from Philly.com last week.

The building would have over 331,000 square feet of space, and would primarily be offices, with underground parking and a green roof above, wrote PlanPhilly.

The space is currently a parking lot, which has been owned by Parkway Corp. since 2015.

This will be one of several recent developments proposed and planned by the group. Over the past few years, they revamped an original plan for a 32-story building at 709 Chestnut. That plan hit a snag in 2016 when their partner backed out, but it was revived last year when Parkway Corp brought a new idea in front of the Civic Design Review (CDR). The new proposal included nearly 300 residential units in a 27-story building at 709 Chestnut.

They are also the group behind a $300 million mixed-use development planned for 510 North Broad Street, as well as the Hanover North Broad mid-rises, which broke ground in early 2016.