The developers of 4601 Market St., which includes the stately, gold-cupolaed Provident building, are reportedly moving ahead with plans to build six apartment buildings, including an 18-story tower, on the site.

Executives with Iron Stone Real Estate Partners, which purchased the property in 2019, told The Philadelphia Inquirer’s Jake Blumgart that the firm is moving ahead with plans to add 1,240 apartments on the site, which stretches west along Market Street from 46th to 48th Streets and north along 46th Street to Haverford Avenue.

The property is zoned CMX-3, a mixed-use designation that means the residential buildings will likely be constructed “by right” with little required community input on things like the inclusion of affordable housing. Continue Reading