The owner of the former Destination Maternity warehouse in the Northern Liberties neighborhood of Philadelphia plans to spend $60 million to convert it into creative workspace.
It will be called SoNo.
Alliance Partners HSP of Bryn Mawr, Pa., bought the 220,000-square-foot property at 5th and Spring Garden streets for $14 million last fall and had been contemplating what to do with it ever since. Destination Maternity, which relocated to South Jersey, had used the property for its headquarters and warehousing.
At one point, the Market Place Design Center had put it on its list of options for a possible site to relocate. Alliance Partners HSP also researched the market to see if a tenant might be around to back fill the entire property. Read more about the plans at PBJ.com
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