PNC Bank Building (Philadelphia) explained

PNC Bank Building
Location:1600 Market Street
Philadelphia, Pennsylvania
Coordinates:39.9525°N -75.1673°W
Map Type:Philadelphia#Pennsylvania#USA
Status:Complete
Completion Date:1983
Building Type:modernistic
Roof:491feet
Floor Count:39
Floor Area:825868square feet
Architect:Skidmore, Owings & Merrill LLP[1]
Developer:Don Pulver
Owner:American Real Estate Partners[2]

The PNC Bank Building is a high-rise office building located in the Market West neighborhood of Center City, Philadelphia. Constructed in 1983, it is 491 feet (150 m) in height and has 39 stories. It houses offices for PNC Financial Services. It was constructed on the site of the Fox Theatre and the Stanley/Stanton/Milgram Theatre.

It is home to a number of businesses, including Cohen Seglias Pallas Greenhall & Furman, PC, Huntington & Franklin, P.C., Philadelphia office of Schnader Harrison Segal & Lewis, Zarella Law Office LLC, Stifel Nicolaus Weisel's Investment Banking group, BCD m&i., and the Tax Warriors of Drucker & Scaccetti, P.C.

Site

The PNC Bank Building is located at 1600 Market Street in the Market West neighborhood of Center City, Philadelphia.[3] It occupies the northeast corner of a city block bounded by Market Street to the north, 16th Street to the east, Chestnut Street to the south, and 17th Street to the west.[4] The land lot occupies with a frontage of on Market and 16th Streets.

The building shares the city block with the Liberty Place skyscraper complex, with One Liberty Place to the west, Two Liberty Place to the south, and the Shops at Liberty Place to the southwest. Other nearby buildings include Centre Square to the east, One Penn Center to the north, and the BNY Mellon Center to the northwest.

History

Provident Mutual Life Insurance Co. was a former tenant of the building. In 1996, the New York-based real estate investment management firm Yarmouth Group oversaw a renovation for the new owners of the building purchased two years before.[5]

PNC Bank formally moved its regional headquarters and PNC Asset Management Group national headquarters to the 1600 Market Street building in 1997, occupying 15 floors.[6]

See also

Notes and References

  1. Web site: 1600 Market Street. https://web.archive.org/web/20121026072127/http://www.emporis.com/building/1600-market-street-philadelphia-pa-usa. dead. October 26, 2012.
  2. News: American Real Estate Partners closes on 1600 Market . Philadelphia Business Journal . 2018-02-15.
  3. Web site: 1600 Market Street, Philadelphia . https://web.archive.org/web/20160121104817/http://www.emporis.com/buildings/117920/1600-market-street-philadelphia-pa-usa . dead . January 21, 2016 . . December 4, 2021.
  4. Web site: 1600 Market Street, #883031500 . Philadelphia Office of Property Assessment . December 4, 2021.
  5. Web site: Putting a new face on office building at 1600 Market. Hazelton. Lynette. 18 Nov 1996. 22 May 2014.
  6. Web site: PNC Bank Formally Opens Its New Regional Headquarters, The PNC Bank Center At 1600 Market St.. Philly Business Journal-->,PRNewswire. 15 Oct 1997. 22 May 2014.