Late last week, The Philadelphia Business Journal published an article about Seven Tower Bridge, an approved, but not yet built, office building on Conshohocken’s riverfront. The article, which is behind a paywall, provides some evidence that the building is nearing construction.
When built, Seven Tower Bridge will consist of 250,000 square feet of office space over four levels of parking. The office and parking will combine for a total of 14 stories. The Oliver Tyrone Pulver Corporation is the developer.
From the article:
About six months after Seven Tower Bridge Associates, an entity that wants to build a proposed office building in Conshohocken, emerged from Chapter 11 bankruptcy, it may have a tenant lined up to kick off the new development.
Seven Tower Bridge Associates has made a request for $2 million in taxpayer funds from Pennsylvania’s Redevelopment Assistance Capital Program, or RACP. The money would be earmarked for tenant improvements associated with an undisclosed company that would move into the building.
The article speculates that the tenant is Hamilton Lane, a financial services company that currently has its Philadelphia region office in Bala Cynwyd.
If the building begins construction in 2019, or even 2020, combined with SORA West, there will be a total of 650,000 square feet of office space under construction in Conshohocken.
More to come.
Photos: Renderings are from The Oliver Tyrone Pulver Corporation. Overview is from Google.
Disclosure – The author is a partner in Conshohocken Beer Garden, LLC, with one of the executives from the Oliver Tyrone Pulver Corporation.