Conshohocken-based Oliver Tyrone Pulver Corporation (OTP), developer of over 14 million square feet of commercial office properties in suburban and central cities in the United States, has signed an agreement of sale to purchase a building site at 13th and Market Streets (1301 Market Street) in Philadelphia. The developer plans to build an 840,000 square foot, 38-story office tower and amenities on the site at the heart of Center City, at the central point of regional commerce, highways, and public transit. The building is projected to be ready for occupancy in early 2020.
“We have a long history of developing world class office buildings at the centers of regional business,” said Donald Pulver, president of OTP. “This property presents a unique opportunity to build a state of the art office tower at the hub of our regional communications and transportation lines. The location and amenities at this office building will enable tenants to draw from a huge talent pool that expects a vibrant and accessible work location.”
Skidmore, Owings & Merrill, one of the leading architecture, interior design, engineering, and urban planning firms in the world, will design the new building. The building design is described as follows:
Wrapped in curtains of glass, the slender tower will serve as a new beacon on the skyline. Designed to maximize natural light, the transparent sheath offers panoramic views of the city while establishing a visual connection with the street below. The mixed-use format will include modern office spaces, flexible retail zones, employee amenities, and two landscaped outdoor roof terraces. Anchored at street level by a glass-enclosed podium, the tower will engage passersby with a striking double-height boutique lobby. Efficient floors, state-of-the-art ventilation systems, an advanced communications backbone and direct access to transportation systems will support tenant comfort and productivity in this model for sustainable office design.
OTP is also the developer of the 1.5 million square feet Tower Bridge office and hotel development in Conshohocken. The company is currently developing Seven Tower Bridge, a 255,000 square feet 10-story river view office building projected to be completed in 2018. OTP is also developing 30 West, an office and hotel development in Coatesville, that will provide Class A offices for companies in prosperous Chester County. The development, located on the Route 30 Bypass, will consist of a currently operating Marriott Courtyard hotel and a to-be-built 40,000 SF office building available as early as mid-2018.
OTP is the developer of two existing office towers in Center City Philadelphia, 1234 Market Street and 1600 Market Street. The company also served as a consultant for Mellon Bank Center and Ten Penn Center.
Photo: Provided by OTP
Disclosure: The owner of MoreThanTheCurve.com is partners in Conshohocken Beer Garden, LLC with Esther Pulver.