The owners of a 0.8-acre site at 900 Callowhill Street, located between Chinatown and Northern Liberties, are exploring options to sell or partner with a developer for a new project. The property is listed for $12 million and is owned by Wing Lee Realty Investment, a partnership of siblings led by Thomas Chau, according to property records.

Listing agent said the owners are leaning toward co-developing the site rather than selling outright, noting its rare size and location advantage. “It’s the biggest piece of land in the neighborhood,” Li said. “If you’re a developer, you are looking for a site like this.”

The property, which previously housed a single-story industrial building demolished nearly a decade ago, has seen multiple development proposals over the years but remains vacant, offering a prime opportunity for mixed-use or multifamily redevelopment.

*Article courtesy of Philadelphia Business Journal

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