1701 Market Street

1701 Market Street
1701 Market Street,
Philadelphia, PA 19103

1701 Market Street is an existing 18-story office building consisting of ground floor retail, four levels of above-grade parking, and thirteen levels of office space. The acquisition in September 2023 followed extensive negotiations amid challenging market conditions. Alterra Property Group plans to redevelop the building into a luxury apartment complex with 299 units while retaining 189 parking spaces. Delivery is expected in Spring 2025.