A New York developer bought three vacant parcels in the heart of Philadelphia’s Walnut Street retail corridor and plans to build a luxury high-rise residential tower. 

Brooklyn-based Brookliv has acquired the properties at 1706, 1708 and 1710 Walnut St., a block away from Rittenhouse Square. The parcels, currently rubble, are in Center City’s commercial mixed-use district zoned CMX-5.

Brookliv CEO Ari Weber told the Business Journal that the scope of the project is still being determined. One proposal, he said, could include a tower, most likely for apartments, with 30 or more stories and 250,000 square feet of space. 

*Article courtesy of Philadelphia Business Journal

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