Steel Topped Off at 2040 Market Street
06/08/2012 - 2:00pm
Philadelphia, PA — PMC Property Group is pleased to announce the "topping off" of steel for an eight-story addition to the main building of their redevelopment project at 2040 Market Street.
Prior to the start of construction, the original building — the former AAA Mid-Atlantic headquarters — was a five-story mid-rise, with the second floor cantilevered over an enclosed garden area. PMC, which acquired the property in early 2011, is now in the process of converting it into a much larger, reconfigured residential-commercial building. Under the direction of PMC's general contracting division, the conversion of this property includes not only the addition to the existing main building, but also two 13-story towers and a courtyard in the rear, as well as the creation of an underground parking facility. These additions will increase its size from 120,000 to 300,000 sf, providing ample space for more than 280 one- and two-bedroom apartments, ground-floor retail, and more than 150 below-grade parking spaces.
The leasing office for 2040 Market Street is now open and can be reached at 267-467-2164 or 215-205-6531.
Related stories:
PMC Making Progress on Turning AAA Building Into Philadelphia Apartments (Philadelphia Business Journal)
$53 Million Construction Financing Secured for Innovative 2040 Market Street Project
