City Council formally approved the sale of the sprawling Provident Mutual Insurance Co. building and surrounding land on Thursday, clearing the way for the long-anticipated development of the site.

Iron Stone Real Estate Partners has been shopping its plan to develop a healthcare campus on the site in collaboration with Public Health Management Corp. and The Children’s Hospital of Philadelphia around to neighborhood groups and public meetings since September 2018.

Last year, the city selected the proposal, which included an approximately $10 million sale price, after a bidding process that began in 2017.  Continue Reading

Councilwoman Jannie Blackwell has scheduled another community meeting about the future of the former Provident Insurance Co. building at 46th and Market. The previous meeting discussing the proposed sale of the property to local developer Iron Stone Real Estate Partners took place last month, after which Blackwell halted a vote on the sale in City Council. The previous community meeting called for more transparency in the sale process.

The meeting will take place on Tuesday, Jan. 29, from 6 – 8 p.m. at West Philadelphia High School (49th and Chestnut).

The Walnut Hill Community Association also held a community meeting about the proposed development of the property earlier this month. Read more about it here.

The proposal to convert the Provident Mutual Insurance Co. site at 46^th and Market into a healthcare campus hit a major roadblock on Thursday when Councilwoman Jannie Blackwell halted a vote on legislation that would have allowed the city to sell the property.

The move followed a contentious public meeting in West Philly on Tuesday where several community members spoke against the proposal, which the city selected this summer after a bidding process. Criticisms included the low sale price of $10 million and a lack of transparency in the bid selection process.  Continue Reading