A Center City property once intended for an AC Marriott hotel has been sold to a new owner with fresh plans for development.

Northeast Philadelphia-based HK99 Realty acquired the site, located at 228-238 N. 13th Street in the heart of Chinatown, for $2.5 million this April, according to public property records.

The company, which has a portfolio of residential and commercial real estate across Greater Philadelphia and New York, is no stranger to the neighborhood. Its holdings include a nearby eight-story, mixed-use property at 1025 Arch Street — just a few blocks from the newly acquired site.

While specific development plans for the North 13th Street property have yet to be disclosed, HK99’s growing presence in the area suggests continued investment and redevelopment in this dynamic part of the city.

*Article courtesy of Philadelphia Business Journal

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