The foreclosure saga surrounding 1650 Arch Street in Center City appears to be approaching its conclusion. 1650 Arch Investor LP, an affiliate of ASI Management and owner of the 553,000-square-foot office tower, is slated for public auction on November 5. According to a published notice, bidding will take place both online and in person at… Read more »
A 553,000-square-foot office building at 1650 Arch Street in Philadelphia’s central business district has entered receivership amid foreclosure proceedings, marking another sign of distress in the city’s office market. The property, currently about half vacant, is facing heightened financial pressure as its lender, an affiliate of Wilmington-based Delphi Financial Group, filed a foreclosure complaint in… Read more »
