1818 Market Street

1818 Market Street
1818 Market Street in Philadelphia
1818 Market Street is located in Philadelphia
1818 Market Street
Location within Philadelphia
1818 Market Street is located in Pennsylvania
1818 Market Street
1818 Market Street (Pennsylvania)
1818 Market Street is located in the United States
1818 Market Street
1818 Market Street (the United States)
Former namesBeneficial Bank Place
Alternative namesWSFS Bank Place
General information
StatusCompleted
TypeOffice
Location1818 Market Street, Philadelphia, Pennsylvania, U.S.
Opening1974
CostUS$50,000,000
OwnerShorenstein Properties
Height
Roof500 ft (152 m)
Technical details
Floor count40
Floor area981,743 sq ft (91,206.9 m2)
Design and construction
Architect(s)EwingCole (formerly Ewing Cole Cherry Brott)
DeveloperWalters Associates
Website
www.1818marketstreet.com

1818 Market Street (also known as 1818 WSFS Bank Place) is a 40-story skyscraper in downtown Philadelphia, Pennsylvania.[1] The building was designed by the firm Ewing Cole Cherry Brott (now EwingCole).[2] Construction began on the property in 1972.

The developer, Walters Associates, which also developed the Holiday Inn at 1800 Market (now the Sonesta Philadelphia), planned a construction budget of $50 million for the property.[3] It was the tallest building erected in Philadelphia between the completion of City Hall in 1901 and the completion of One Liberty Place in 1987, during the period of the "gentlemen's agreement", the observation of an unofficial height restriction of the top of the hat of the statue of William Penn atop City Hall that stood for 86 years. The building is the eleventh-tallest in Philadelphia.[4]

The building contains over 981,000 square feet (91,100 m2) of office space over 37 floors with six levels of parking. Its major tenants include ABN Amro, the American College of Radiology, WSFS Bank, Booz Allen Hamilton, eResearch Technology, Five Below, Merrill Lynch, Mitchell & Titus, Metrocorp, Northwestern Mutual, Swiss Re, and STV Incorporated.

The building, currently the tallest reinforced-concrete structure in the city, underwent major renovations in 2003, more than a decade after its facade was treated resulting in its signature white color.[5] In May 2015, the building was purchased by Shorenstein Properties for $184.8 million.[6][7] In August 2019, WSFS Bank added their logo to the top of the building after completion of their acquisition and rebranding of Beneficial Bank, which had previously been headquartered in the building.[8]

See also

References

  1. ^ Spikol, Liz (10 April 2013). "Today: 1818 Market Street Is Renamed, Becomes Beneficial's Corporate Headquarters". Philadelphia Magazine. Retrieved 12 March 2015.
  2. ^ Emporis (11 March 2015). "1818 Market Street". Emporis. Archived from the original on April 2, 2015. Retrieved 12 March 2015.
  3. ^ "40-story Building to Rise at 19th and Market Street". Philadelphia Inquirer. 1972-05-23. Retrieved 2021-02-11.
  4. ^ Emporis (11 March 2015). "1818 Market Street". Emporis. Archived from the original on April 2, 2015. Retrieved 12 March 2015.
  5. ^ Kostelni, Natalie (December 23, 2002). "1818 Market will undergo renovation". American City Business Journals.
  6. ^ CARRIÓN, ANGELLY (October 15, 2014). "Shorenstein to Buy 1818 Market Street For $203 Million". Philadelphia.
  7. ^ Lubetkin, Steve (April 23, 2015). "Shorenstein Acquires 1818 Market Street". ALM.
  8. ^ DiStefano, Joseph (August 26, 2019). "WSFS, now region's largest bank, marks its corner of Center City Philadelphia". Philadelphia Inquirer.