Three months after winning the bid to develop the former Family Court building and a neighboring surface parking lot near the Benjamin Franklin Parkway in Philadelphia, National Real Estate Development and Frontier Development & Hospitality Group have begun the planning process in earnest. Central to that process is the design of a residential tower at 1901 Wood St. that could stand around 30 stories tall and have as many as 600 units. The long-vacant 247,000-square-foot former Family Court building at 1801 Vine St. is planned to be converted into a 250-room boutique hotel, with restaurant, bar and event space. At the site of a parking lot at 1901 Wood St., the developers are planning a new 75,000-square-foot site for the African American Museum in Philadelphia, which will relocate from its current home at 701 Arch St., a 60,000-square-foot addition to the Free Library of Philadelphia’s Parkway Central Library, 12,000 square feet of shops and dining, and the residential tower. Read more here.
Source: Philadelphia Business Journal; 11/29/2023