In collaboration with our Joint Venture partner, CPM Housing Group, this 1.5 acre abandoned lot in West Philadelphia is being developed into a five-story Class A commercial office & retail building with an 80-space underground parking garage. Site amenities include a public promenade on Market Street inspired by notable US and European cities and intends to host
community gatherings for festivals and various local events. An interior courtyard is planned
for the use of the building occupants and visitors as well as a rooftop terrace and lounge for
Future plans include a 15,000 sq. ft. Early Childhood Education Center on the 1st floor and 55,000 sq. ft. of affordable apartment rentals on the 4 floor above.
Both phases will benefit from several sustainable features throughout the complex. 90% of the
construction and demolition waste will be recycled and all buildings are expected to use 20%-40% less energy and water than a standard building. The building will be LEED Certified under the Core & Shell criteria.
New Market West is funded in part by local and state funding agencies including PIDC, RACP, City of Philadelphia, Commonwealth of PA and several others.