PHILADELPHIA | 1701 Market Street | FT | 18 FLOORS

https://www.bizjournals.com/philadelphia/news/2022/12/15/alterra-1701-market.html

Alterra Property Group is nearing a deal to acquire 1701 Market St. with plans to convert the longtime Morgan Lewis & Bockius headquarters building into apartments, according to industry sources.

The 305,170-square-foot property in the heart of the Central Business District has been up for sale as Morgan Lewis plans to vacate the entire space and move five blocks west into a new 19-story building at 2222 Market St. in 2023.

The 18-story 1701 Market building is owned by an entity affiliated with LXP Industrial Trust (NYSE: LXP), previously known as Lexington Realty Trust. The New York company rebranded last year as it sheds its office portfolio to focus solely on industrial properties.

1 Like

This would be alterations to an existing building with no additional height involved. I’m questioning the validity of this thread.

then you can also delete it.

Well no. I don’t Mod.

1701 Market Street renovation by Philly SkyGuy, on Flickr

1701 Market Street renovation by Philly SkyGuy, on Flickr

1701 Market Street renovation by Philly SkyGuy, on Flickr

2 Likes