PNC Bank Building (Philadelphia)
| Industry | Commercial real estate |
|---|---|
| Founded | 1983 |
| Headquarters | Philadelphia , United States |
Area served | Philadelphia, Pennsylvania |
| Products | Office space leasing |
The PNC Bank Building is a 39-story office skyscraper reaching 491 feet (150 meters) located in Philadelphia's Market West district within Center City, Philadelphia. Finished in 1983, it functions primarily as office space for PNC Financial Services alongside various other companies. This structure was developed by Don Pulver on the site previously occupied by the Fox Theatre and the Stanley/Stanton/Milgram Theatre.
Among its occupants are legal firms including Cohen Seglias Pallas Greenhall & Furman, PC, Huntington & Franklin, P.C., and Schnader Harrison Segal & Lewis. Financial service providers such as Stifel Nicolaus Weisel's Investment Banking division and BCD m&i also maintain offices here. Additionally, the building hosts Drucker & Scaccetti, P.C.’s Tax Warriors team.
Site
Situated at 1600 Market Street within Market West, the PNC Bank Building stands at the northeast corner of a block framed by Market Street, 16th Street, Chestnut Street, and 17th Street. The parcel encompasses approximately with frontage along both Market and 16th Streets.
This block is shared with the Liberty Place complex, which includes One Liberty Place to the west, Two Liberty Place to the south, and the Shops at Liberty Place positioned to the southwest. Prominent nearby structures include Centre Square (building) to the east, One Penn Center to the north, and BNY Mellon Center (Philadelphia) located northwest of the building.
History
Provident Mutual Life Insurance Co. previously leased space within the building. In 1996, Yarmouth Group, a real estate investment company based in New York, oversaw renovations for the property’s owners who had acquired it two years prior.
By 1997, PNC Bank had moved its regional headquarters along with PNC Asset Management Group’s national headquarters into 1600 Market Street, occupying fifteen floors of the tower.