24 Projects to Watch

PBJ Rendering

Iron Stone Real Estate Partners’ plan for 1,240 apartments across six buildings at 4601 Market St. in West Philadelphia has all the necessary approvals and is shovel-ready. The residential project is part of the second phase of Iron Stone’s redevelopment of the property between 46th and 48th streets. Iron Stone spent $70 million to redevelop the former Provident Mutual Life Insurance Co. headquarters that was built in 1927 and turn it into a medical and education hub. The residential project is among several in Philadelphia waiting out a challenging time to begin construction.

Philadelphia Business Journal - February 1, 2024