Wing Lee Realty Investment is looking to either sell a development site between Chinatown and Northern Liberties for $12 million or find a partner to co-develop it with, writes Paul Schwedelson for the Philadelphia Business Journal.
The ownership group, which is a partnership of siblings, acquired the 0.8-acre property at 900 Callowhill Street in 2015.
According to Richard Li of Liberty Real Estate, the listing agent for the property, the owners are more inclined to pursue a co-development partnership in the future rather than selling the site outright.
“In the neighborhood, it’s the biggest piece of land,” said Li. “So that’s a very big advantage. If you’re a developer, you are looking for a site like this.”
Now vacant, the property previously housed a single-story industrial building that was demolished almost a decade ago. Over the years, several development proposals have been introduced for the site, but none have come to fruition.
The property sits in one of Philadelphia’s rapidly transforming areas, where the wave of development along the Delaware River is continuing to push westward.
“This whole area is being developed,” added Li.
Read more about the lot and the development taking place in Callowhill in the Philadelphia Business Journal.
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Editor’s Note: This post was originally published on PHILADELPHIA.Today in October 2025.
