Seven Tower Bridge in Conshohocken could have a new anchor tenant
Seven Tower Bridge Associates came out of bankruptcy six months ago and may have a key tenant for its proposed office building in Conshohocken.
The company reqeusted $2 million in taxpayer funds from Pennsylvania’s Redevelopment Assistance Capital Program that would be earmarked for tenant improvements associated with an undisclosed company that would move into the building, writes Natalie Kostelni in the Philadelphia Business Journal.
Seven Town Bridge Associates is affiliated with development company Oliver Tyrone Pulver, which constructed the Tower Bridge office buildings in Conshohocken. Seven Tower Bridge is a $100 million, 14-story, 250,000-square-foot building on 2.3 acres at 110 Washington St. The project has 10 stories of office space atop a four-story parking garage.
“We’re working hard to finish the pre-leasing of it,” Don Pulver told the Philadelphia Business Journal. “We have made progress.”
Seven Tower Bridge Associates had previously received $5 million in RACP funds to install infrastructure for the office building. Over the last nine years, Seven Tower Bridge Associates invested $22.6 million in site work, designing the building and garage, legal fees, permits and other expenses. All of that was in preparation to secure a tenant for the building and start construction, but it has sat idle.
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