By: Lance Knickerbocker at Montco.Today
Don Pulver is proposing to build a 38-story office tower at 13th and Market Streets in Philadelphia. He has already put the site under agreement with the Estate of Sam Rappaport, who, together with Richard Basciano, owned some of the city’s prime real estate properties.
The location has languished for years without any development plans. However, thanks to the recent interest in the city’s East Market area and over $1 billion in development planned or already underway, the value of the property has increased significantly.
This is prompting the Oliver Tyrone Pulver Corp to seize on the favorable market conditions and enter the Center City development.
The proposed new tower development would total 840,000 square feet and will cost several hundreds of millions of dollars. The majority of the space would be used for offices with some of the space set aside for retail and other related amenities.