Park Towne Place

Philadelphia , Pennsylvania
Cost: $283 million | Previous Use: Apartments | Current Use: Apartments

Project Details

Park Towne Place, now known as Park Towne Place Museum District Residences, was built in 1959 as mid-century modern market rate apartment complex in Philadelphia. The complex is composed of four 18-story apartment towers located on the Benjamin Franklin Parkway, home to many of the city’s museums. The property was the first modern housing complex in Pennsylvania to be listed on the National Register of Historic Places.

Aimco rehabilitated the complex into 943 fully renovated apartments with views of the city and river, and the property contains a unique 20,000 sf. Retail center. The mid-century buildings feature original, glass enclosed lobbies with historically appropriate mid-century modern furnishings.


Incentives Utilized:


  • Federal Historic Tax Credits
  • Pennsylvania State Historic Tax Credits (Pennsylvania Historic Preservation Incentive Tax Credit Program)