A building may finally be coming to a long-vacant
Rittenhouse Square lot.
Southern Land Co., which has its headquarters in
Nashville, is planning a residential tower at 1911 Walnut St., according to the
company website, which says the future building will offer
"state-of-the-art living, desirable shopping and delicious dining."
The lot just off Rittenhouse Square has sat vacant for
years.
The Tennessee company closed on the site in February for
a price reportedly in the range of $30 to $40 million.
The project will include both rental and condo units,
several lower-levels of retail space, and underground parking, according to
preliminary plans.
The Rittenhouse Square tower will be the second undertaking
by Southern Land in Philadelphia. Its first is the recently opened 3601 Market,
a 363-unit apartment building with retail space that is part of the University
City Science Center's expanding West Philly campus. Much of the retail
component of the University City property is already leased.
Source: Philadelphia
Business Journal
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