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Flatiron Health nearly doubled its headquarters footprint in a 10-year lease at Stellar Management and Imperium Capital's office complex that borders SoHo and Hudson Square.
In moves to provide greater support for historic preservation initiatives in Philadelphia, the legislation, if passed, would allow by-right zoning for special purpose historic buildings, reduce parking requirements for historic building redevelopment and allow accessory dwelling units in historic buildings.
Prism, who will be operating partner, will redevelop the former car dealership site into a development that will feature 232 apartments and 12,000 square feet of retail space.
Meritage states that it plans to fund the $100 million in the development of the 40 Wendy's restaurants through a combination of cash on hand and development credit facilities.