The city is again seeking developers to revitalize the former Family Court building on the Benjamin Franklin Parkway after talks with the Peebles Corp. about turning the property into an upscale hotel ended last year.

The Philadelphia Industrial Development Corp. on Friday issued a request for qualifications soliciting interest in redeveloping the nearly 250,000-square-foot building at 1801 Vine St. The redevelopment opportunity also includes a neighboring 88,000-square-foot lot at 1901 Wood St. that is currently managed by the Philadelphia Parking Authority.

The lot was previously held for the expansion of the Free Library of Philadelphia’s Parkway Central Library. The city says it is exercising its right under its contract with PPA to now offer the property for development. Interested developers must include the library’s plan for a 60,000-square-foot children and family center, auditorium, storage, and relocation of administrative office space into their project.

*Article courtesy of Philadelphia Business Journal

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