PMC Property Group Proposes 31-Story Apartment Tower in Philadelphia
PMC Property Group is proposing to build a 31-story, 372-unit apartment high-rise at 24th and Walnut Streets in Philadelphia. The project would involve demolishing an existing 110-year-old building to construct the 358-foot-tall tower, which would also include 118 parking spaces…
Philadelphia, PA, August 21, 2026 —
PMC Property Group has put forth a proposal for a significant new development at the intersection of 24th and Walnut Streets in Philadelphia. The plan outlines the construction of a 31-story apartment high-rise, expected to stand 358 feet tall.
The proposed tower would contain 372 residential units. In addition to the apartments, the development is slated to include 118 parking spaces and a swimming pool for residents.
A key aspect of the project involves the demolition of an existing building that is approximately 110 years old. This structure would be replaced by the new, high-rise apartment building.
For the project to move forward, PMC Property Group must successfully navigate several regulatory and community approval processes. This includes securing a necessary zoning change from the city. Furthermore, the developer will need to gain the support of local organizations and members of City Council.
Details regarding the timeline for these approvals or the projected start date for construction were not provided.
Story summarized from the original created by Jake Blumgart on www.inquirer.com, see more information here.
