Brandywine, LCOR JV Will Develop 1919 Market in Philadelphia

PHILADELPHIA, PA—Brandywine Realty Trust has formed a 50/50 joint venture partnership with LCOR/CalSTRS for a 29-story, 455,000-square-foot mixed-use development at 1919 Market Street in Philadelphia, PA.

The joint venture is planning a contemporary glass tower that will house residential, retail and parking components.  The project will include 321 luxury apartments with full concierge service and rooftop amenities that include fitness center, club room with demonstration kitchen, outdoor roof garden with fire pit and ledge pool, and fully-equipped game room including golf simulator.  The commercial space will consist of 24,000 square feet and is 90% pre-leased to Independence Blue Cross and CVS. A 215-car structured parking facility will support the development and also offer parking to the public.