Old City Parkominium was built in 2006 in the heart of Old City’s 2nd Street, just north of the Ben Franklin Bridge, housing 280 parking spaces along with retail space, all which is protected with 24 hour security and access. Parking has long been a problem in cities, especially Old City since there are far more residents with cars than parking spaces. The concept is progressive yet simple. While it’s easy to rent a parking space in garages (including the Parkominium) those who desire to own their own space(s), just as they would a home or condominium, can. The developer had a great vision of the need and opportunity that no other developer in Philadelphia had. Individuals could own and control their own spaces. Whether for an owner’s personal vehicles or for investment, the Parkominium offers a great opportunity to own exclusive real estate spaces in a newly constructed building.
Spaces are available for rent or sale to owner/users and owner/investors.
There is no other parking facility like the Parkominium anywhere in Philadelphia or the Northeast United States. Spaces are limited and once sold there may never be a similar opportunity again in Philadelphia.