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Philly Development Site Under Master Lease on Market for Sale

Rittenhouse Realty is marketing the property as a development opportunity to build 208 apartments (147,070 square feet) above the garage, which will be master leased to Sonder Inc.

1620 Sansom St. is owned by Bridge Funding of New York City and master leased to Sonder Inc. 1620 Sansom St. is owned by Bridge Funding of New York City and master leased to Sonder Inc.

PHILADELPHIA—A development parcel in the Rittenhouse Square neighborhood here that is master-leased to short-term rental apartment company Sonder Inc. is on the market for sale.

The development site at 1620 Sansom St. is owned by Bridge Funding of New York City and is being marketed by Rittenhouse Realty Advisors. The property has a CMX-5 zoning and is currently a mixed-use building with 300 garage parking spaces and retail tenants. Rittenhouse Realty is marketing the property as a development opportunity to build 208 apartments (147,070 square feet) above the garage, which will be master leased to Sonder Inc.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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