Report: Brickstone Planning Two Towers at 12th and Sansom
Brickstone Cos., the developer whose wrapping up a major apartment/Target project at 1112-1128 Chestnut Street and also working on restoring the Hale Building into offices, is planning their next big project: a large mixed-use development featuring two towers at 12th and Sansom.
The site is currently a lifeless parking garage, but Jacob Adelman of the Inquirer reports that Brickstone wants to bring at least one residential tower and a separate office tower with a hotel to the busy corner. As with their other projects, Brickstone is also planning on adding ground floor retail to bring some life to the street.
Officially located at 123 South 12th Street, the company purchased the garage for $14.45 million in October, according to public record.
As it turns out, the garage is currently at the epicenter of a ton of major development. Brickstone’s aforementioned Target project–which includes 112 apartments–is literally across Sansom Street from their new site, and only another massive parking structure on the southwest corner of 12th and Sansom stands between the it and 1213 Walnut, a 322-unit project by Hines and Goldenberg Group currently under construction.
- Brickstone Cos. plans still more apartments for Market East [The Inquirer]
- Previous coverage of Brickstone [Property]