Robert Morris Building

The Rober Morris Building, named after the founding father and early American businessman, Robert Morris, will be converted into upscale apartments by 806 Capital, with financing from PNC Bank and Federal Capital Partners, of Washington, D.C.  The building was formerly planned to become a hotel but fell through due to the recession.

The 14 story building will be converted into 11 luxury apartments, which have had strong demand in Center City.  The building will also have a gym and media center.  There will be retail on the first floor, but it hasn't been determined what will go there.  This building is one of about half a dozen projects on this stretch of Arch street that will add new retail, possibly making Arch street another restaurant row or major shopping street in Center City.  Renovations will likely be complete some time next year.