Federal Reserve
Project Name:
Formerly the Federal Reserve Bank Building, Philadelphia, PA
Location:
NEC of 9th and Chestnut Streets, Center City
Description: 230,000 SF, eight-story office building. Former headquarters of the PMA Insurance Group
Value in 1998:
$8.0 million (sale price)
Highlights:
Marketed building for sale and lease:
Leased 100,000 SF to Independence Blue Cross.
Sold building to Thomas Jefferson University Hospital for the headquarters of the Rothman Orthopedic Institute.
The former Federal Reserve Bank of Philadelphia was designed by famed architect, Paul Phillipe Crete. A multiyear renovation project culminated with the superb blending of 1920’s splendor with modern office efficiencies.
The eight-story office building offers the flexibility to create single or multi-tenant floors. Amenities available to tenants are: two executive dining rooms, full cafeteria with commercial kitchen, indoor and outdoor parking facilities, 14 restrooms plus private executive facilities, and a landscaped courtyard with fountain.
