Posts Tagged: Bourse Building

New Details on Conversion Plans for the Bourse and 400 Market St.

New Details on Conversion Plans for the Bourse and 400 Market St.

Two months after acquiring the Bourse building and 400 Market St., developers Lubert-Adler Real Estate Funds and Keystone Development and Investment are moving forward with conversion plans. Initially undecided between apartments or a hotel for the 173,700-square-foot building at 400 Market St., a zoning permit issued on August 29 now allows for 176 residential units,… Read more »

Developer Buys Building at a Major Markdown

Developer Buys Building at a Major Markdown

The sale of the Bourse building and 400 Market St. in Old City has closed at a combined price of $41 million, according to industry sources. Philadelphia developers Lubert-Adler Real Estate Funds and Keystone Development and Investment paid $31 million for the 129-year-old Bourse building at 111 S. Independence Mall East and $10 million for… Read more »