Tuesday, May 27, 2014

Over One Million Square Feet of New Office Space in Conshohocken

by Kevin Tierney, Morethanthecurve.com
There is currently just over one million square feet of office space approved to be built or seeking approval in Conshohocken (one project is in Whitemash with a Conshohocken address). The projects are:
260,000 square foot Seven Tower Bridge by Oliver Tyrone Pulver (riverfront south side of bridge on Conshy side)
    Approved 200,000 square foot “Trophy office tower” by Keystone Properties (corner of West 1st and Fayette Street) (the link is to the original proposal)
      Proposed 240,000 square foot corporate headquarters by O’Neill Properties (riverfront in from of Millennium buildings)

      Proposed 300,000 square foot office building to replace approved apartment community (West Elm and Corson Street)

      Proposed 84,000 square foot office building on riverfront from Eli Kahn (901 Washington Street with Conshohocken address in Whitemarsh)

      Two notes, we did not include the Verizon Building with this, because it was somewhat recently used as an office building, so its not really new space. It should also be noted that the 200,000 square foot office building from Keystone is proposed to replace an existing smaller building (just under 40,000 square feet). So the net new office square footage for the Keystone building is 160,000 square feet.
      As of right now, the only developer that has publicly stated that its building has a tenant is O’Neill Properties. While O’Neill hasn’t publicly acknowledged who the tenant will be, it is speculated that it is AmerisourceBergen due to this article in the Philadelphia Business Journal.
      We also want to point out that the 300,000 square foot office building proposed for West Elm and Corson Street is the same space that was previously approved for an apartment community. We had heard the developer was having second thoughts about apartments and the new concept for the property is on the agenda for the Zoning Hearing Board on Monday, June 2nd.  The meeting is at 7:00 p.m. at Old Borough Hall at West 8th and Fayette.
      Full story: http://tinyurl.com/krsrne7

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