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1818 Market Street
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40-story skyscraper in downtown Philadelphia, Pennsylvania, United States
February 2025
January 2025
1818 Market Street Beneficial Bank Place WSFS Bank Place 1818 Market Street d.jpg 1818 Market Street in Philadelphia 250 1818 Market Street, Philadelphia, Pennsylvania, U.S. Philadelphia#Pennsylvania#USA Completed Office Walters Associates 50000000 500 ft (152 m) 40 1974 981743 sqft m2 on EwingCole (formerly Ewing Cole Cherry Brott) Shorenstein Properties https://www.1818marketstreet.com/
1818 Market Street (also known as 1818 WSFS Bank Place) is a 40-story skyscraper in downtown Philadelphia, Pennsylvania.http://www.phillymag.com/property/2013/04/10/beneficial/ Today: 1818 Market Street Is Renamed, Becomes Beneficial's Corporate Headquarters Spikol Liz 10 April 2013 Philadelphia Magazine 12 March 2015 The building was designed by the firm Ewing Cole Cherry Brott (now EwingCole).http://www.emporis.com/buildings/117841/1818-market-street-philadelphia-pa-usa https://web.archive.org/web/20150402215440/http://www.emporis.com/buildings/117841/1818-market-street-philadelphia-pa-usa usurped April 2, 2015 1818 Market Street Emporis 11 March 2015 Emporis 12 March 2015
Construction began on the property in 1972.
The developer, Walters Associates, which also developed the Holiday Inn at 1800 Market (now the Sonesta Philadelphia), planned a construction budget of $50 million for the property.https://www.newspapers.com/image/180031660 40-story Building to Rise at 19th and Market Street Philadelphia Inquirer 1972-05-23 2021-02-11
It was the tallest building erected in Philadelphia between the completion of City Hall in 1901 and the completion of One Liberty Place in 1987, during the period of the "gentlemen's agreement", the observation of an unofficial height restriction of the top of the hat of the statue of William Penn atop City Hall that stood for 86 years. The building is the eleventh-tallest in Philadelphia.
The building contains over 981000 sqft m2 of office space over 37 floors with six levels of parking. Its major tenants include ABN Amro, the American College of Radiology, WSFS Bank, Booz Allen Hamilton, eResearch Technology, Five Below, Merrill Lynch, Mitchell & Titus, Metrocorp, Northwestern Mutual, Swiss Re, and STV Incorporated.
The building, currently the tallest reinforced-concrete structure in the city, underwent major renovations in 2003, more than a decade after its facade was treated resulting in its signature white color.https://www.bizjournals.com/philadelphia/stories/2002/12/23/newscolumn3.html/ 1818 Market will undergo renovation Kostelni Natalie American City Business Journals December 23, 2002 In May 2015, the building was purchased by Shorenstein Properties for $184.8 million.https://www.phillymag.com/property/2014/10/15/shorenstein-properties-1818-market-street/ Shorenstein to Buy 1818 Market Street For $203 Million ANGELLY CARRIÓN Philadelphia October 15, 2014https://www.globest.com/sites/globest/2015/04/23/shorenstein-acquires-1818-market-street/ Shorenstein Acquires 1818 Market Street Steve Lubetkin ALM April 23, 2015 February 4, 2019 February 3, 2019 https://web.archive.org/web/20190204014654/https://www.globest.com/sites/globest/2015/04/23/shorenstein-acquires-1818-market-street/ dead In August 2019, WSFS Bank added their logo to the top of the building after completion of their acquisition and rebranding of Beneficial Bank, which had previously been headquartered in the building.https://www.inquirer.com/business/wsfs-philadelphia-skyline-beneficial-bank-new-sign-20190826.html WSFS, now region's largest bank, marks its corner of Center City Philadelphia Joseph DiStefano Philadelphia Inquirer August 26, 2019
See also
Philadelphia
List of tallest buildings in Philadelphia
Tallest buildings in the United States
List of skyscrapers
World's tallest structures
References
External links
Official website
Category:Center City, Philadelphia
Category:Market Street (Philadelphia)
Category:Office buildings completed in 1974
Category:Skyscraper office buildings in Philadelphia