223-227 Chestnut Street

The two buildings at 223-227 Chestnut Street were constructed sometime between 1851 and 1872 and served as the consulate of the German Empire. After over 30 years of vacancy and neglect, while the building continued to decay, the Philadelphia Industrial Development Corporation selected Posel to purchase the building after a competitive RFP process. This decision was based on their confidence in our financial strength and our ability to successfully redevelop the property. We required no financing for the purchase or renovation. The building is now occupied by a number of retail tenants, as well as two technology oriented businesses.

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818 Chestnut St & 815 Sansom St

Recently, we completed the historic rehabilitation of the original Horn & Hardart Automat building, constructed in 1834, to create a 10,000 square foot 1st floor medical office with 18 luxury apartments above. The building is located in the heart of Philadelphia on historic Jewelers Row near Thomas Jefferson University.

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