The property includes seven floors, a two-level garage, and a private jetty.

The development will include 158 serviced apartments.

The project has an estimated budget of €16.7 million, with a construction period set at 670 days.

According to a Cushman & Wakefield Echinox study, demand remains strong, with companies leasing approximately 1.4 million square meters between 2024 and the first half of 2025.

TotalEnergies will receive a total of $950 million at closing.

The property is located in the Delaware Urban Redevelopment area in Philadelphia, USA, and was originally built in the early 1900s.