Wanamaker building owner eyes residential shift amid 35% office occupancy

Center City Office Building for Sale with Conversion Potential

The owner of the iconic Wanamaker building contemplates transforming its office space into residential units due to ongoing tenant departures. Since the 112-year-old property entered receivership in September, Rubenstein Partners has been steering the future of this 1.4 million-square-foot site.

In a statement to the Philadelphia Business Journal, Rubenstein acknowledged the challenges within Philadelphia’s central business district and emphasized their commitment to finding a favorable direction while exploring alternatives for the office segment within the historic Wanamaker building.

*Article courtesy of Philadelphia Business Journal

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