The Philadelphia Parking Authority will demolish a five-story parking garage near Jefferson Health’s Center City campus to make way for a new eight-story garage with 6,500 square feet of ground-floor retail along Chestnut Street.

Gilbane, based in Rhode Island, was selected to build the new garage at 10th and Ludlow streets. While the property is in a prime redevelopment location, current plans don’t include additional uses above the garage. However, PPA spokesperson Martin O’Rourke said the design allows for future air space development. The site falls within CMX-5 zoning, the city’s most flexible designation, permitting commercial and residential overbuild options. A demolition permit for the 450-space garage at 1025-29 Chestnut St. was issued Wednesday. The L-shaped structure wraps around buildings at 10th and Chestnut streets and fronts both Ludlow and Chestnut streets.

*Article courtesy of The Philadelphia Business Journal

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