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Developers to talk about future of former Provident Insurance building at 46th and Market at Thursday’s Walnut Hill zoning meeting

Posted on 16 January 2019 by WestPhillyLocal.com

Last month, Councilwoman Jannie Blackwell halted a vote in City Council on the sale of the former Provident Mutual Life Insurance building to local real estate developer Iron Stone, who had proposed to convert the site at 46th and Market into a public health campus. This Thursday, Jan. 17, Iron Stone representatives will talk about the future of the site at a zoning meeting organized by the Walnut Hill Community Association.

Community members are invited to attend the meeting and voice their opinions.

The meeting will take place at the Enterprise Center (4548 Market St), beginning at 6 p.m.

 

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Calls for more transparency in sale of Provident building at 4601 Market

Posted on 12 December 2018 by Mike Lyons

Residents criticized developers and city officials for a lack of transparency in the proposal to convert the city-owned Provident Mutual Life Insurance Co. building and surrounding land at 46th and Market into a campus focused on mental health services and child care during a public meeting on Tuesday night.

About 125 residents gathered in the auditorium of West Philadelphia High School at 49th and Chestnut for presentations from the developers, a city official handling the deal, and proposed tenants, which include the Children’s Hospital of Philadelphia, the University of Pennsylvania and the YMCA.

The city chose that plan earlier this year after a call for proposals. The call came after a long-anticipated plan proposed by former mayor Michael Nutter to move the police headquarters and related offices to the 13-acre site was scuttled by Mayor Jim Kenney, Nutter’s successor. The police headquarters, the Medical Examiner’s office and the 6th and 9th police districts will now move into the old Philadelphia Inquirer building at 400 N. Broad St..

That change and the city’s subsequent choice of this new proposal caught many residents off guard.

“People aren’t mad, they’re just tired of hearing a lot of things that they didn’t have any say in,” said one resident. “The process is defective.”  Continue Reading

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Learn more about sale/proposed development of former Provident Insurance building this Tuesday

Posted on 10 December 2018 by WestPhillyLocal.com

West Philadelphia residents are invited  to discuss the proposed development of the former Provident Mutual Life Insurance campus at 46th and Market this Tuesday, Dec. 10, at West Philadelphia High School (49th and Chestnut). The meeting has been organized by Councilwoman Jannie Blackwell, who has expressed her concern over the way the City, which owns the 15-acre property at 4601 Market, is handling the campus’s sale and proposed development.

Iron Stone was named as a future developer of the building a few months ago after a selection process that took approximately a year. The Philadelphia-based real estate company is planning to transform the building and the surrounding land into a public health campus.  Continue Reading

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Spruce Hill monthly meeting to discuss new development proposal for former Provident Insurance building at 46th and Market

Posted on 10 September 2018 by WestPhillyLocal.com

The SHCA monthly board meeting will be held this Tuesday, Sept. 11 at the Spruce Hill Center (257 S. 45th St.). Community members are invited to learn more about the proposal for the development of the Provident Mutual Life Insurance building at 4601 Market Street, which will be presented by Andrew Eisenstein, founder of Iron Stone Real Estate Partners.

After the Kenney administration cancelled plans to relocate Philadelphia police headquarters into the building last year, the city began seeking other potential developers for the 15-acre property. Iron Stone was selected as a developer for the building, and their plan is to transform the building and the surrounding land into a public health campus, according to a recent report by Philly.com.

Iron Stone, a Philadelphia-based developer, will partner with the Public Health Management Corp. health institute on this project.

The meeting will begin at 7:30 p.m.

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Mayor Kenney to talk about Provident Insurance building’s future at SHCA’s annual meeting on Tuesday

Posted on 13 November 2017 by WestPhillyLocal.com

Philadelphia mayor Jim Kenney will be a featured speaker at an upcoming Spruce Hill Community Association’s annual meeting on Tuesday, Nov. 14 at the Penn Alexander School Cafeteria (43rd and Locust). The mayor will address the future of the former Provident Mutual Life Insurance Building at 4601 Market (pictured).

The site was chosen by former mayor Michael Nutter administration for the new police headquarters and has been undergoing renovations since 2014. But, the Kenney administration canceled the plans to relocate the Police Headquarters to the site in the spring of 2017. In August, the city began seeking a new developer for the siteContinue Reading

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Process to court developer for Provident building (4601 Market St.) officially begins

Posted on 24 August 2017 by Mike Lyons

The city is now officially seeking a developer for the Provident Mutual Life Insurance complex at 4601 Market St., several months after the Kenney administration scuttled plans to move the police administration to the site.

The Philadelphia Industrial Development Corporation issued a “Request for Qualifications and Expressions of Interest” today that seeks potential developers for the 15-acre property adjacent to the Market-Frankford Line’s 46th Street stop. The city hopes to assemble a short list of interested developers this fall and then open a competitive bidding process. Proposals for the first phase are due Nov. 1.

The property is zoned CMX-3, which allows a wide variety of uses – from a community garden to an apartment building to a hospital. The complex includes a 325,000-square-foot administration building and a 11,200-square-foot utility plant.  Continue Reading

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