It was more than a year ago when Brandywine Realty Trust announced specific plans for a building that would sit on the lot at 20th and Market Street, next to the Independence Blue Cross building, which recently completed its own street-level renovation. Throughout the day on Friday, there was a lot of activity at 1919 Market Street (the vacant lot’s actual address), with a large construction vehicle making tracks in the dirt as I stared down from my nearby office window 36 stories above. People moved back and forth, industrious as ants. A public announcement had to be coming soon.
Indeed, today the company that was named Developer of the Year by Development Magazine announced that it has formed a joint venture with Berwyn-based real estate company LCOR and the California State Teacher’s Retirement System that will make the 29-story mixed-use building possible. Brandywine will handle retail, which is currently slated to be a ground-floor CVS, and the public parking lot that will accommodate 215 cars. Hunter Roberts Construction will manage the process of building the 455,000-square-foot tower, which was designed by Barton Partners.
Here’s what we know in terms of details: