Posts Tagged: Parkway Corp.

Parkway Halts One Project and Reevaluates Another Due to Surging Interest Rates Impacting Developer Plans

November 20, 2023

Parkway calls off one project and rethinks another as high interest rates force developers to hit the brakes

Parkway Corp. CEO Rob Zuritsky unveiled intentions for a lavish 31-story luxury apartment tower at 21st and Ludlow streets last October, yet uncertainties around escalating construction costs and surging interest rates hindered the project’s kickoff timeline. A year later, these economic hurdles persist, prompting Zuritsky to revise Parkway’s plans for the Center City location to… Read more »

Parkway Corp. Plans Apartment Tower in Center City

October 28, 2022

Center City Proposed Luxury Apartment Tower

Parkway Corp. is proposing a 31-story luxury apartment tower at 21st and Ludlow streets, part of an area in Center City experiencing a wave of new development.  Plans for the project on the Parkway-owned lot include 304 apartment units, 15,600 square feet of first-floor retail space, and an underground parking garage. The 394,230-square-foot glass tower… Read more »