Board Asked to Extend Chestnut Corner Closing Deadline | Philadelphia Parking Authority | CHESTNUT CORNER ASSOCIATES LLC

Scope & details

The full contract record, as filed.

Contract amount

$125,000 non-refundable purchase deposit for each of up to nine extensions

Contract type

OTHER

Contract term

September 15, 2026 – June 30, 2029

Renewal date

2029-06-30

Renewal

Proposed extension of the final closing deadline from June 30, 2027 to June 30, 2029, with up to nine additional closing-date extensions. Each extension requires a $125,000 non-refundable deposit; late payment may incur a five percent fee.

Document type

StaffReport

Source document

The Philadelphia Parking Authority StaffReport 8th and Chestnut Streets Property 14th Amendment to Agreement of Purchase 2026-09-15

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The Philadelphia Parking Authority StaffReport 8th and Chestnut Streets Property 14th Amendment to Agreement of Purchase 2026-09-15

APPROVED

Philadelphia Parking Authority, Pennsylvania$125,000 non-refundable purchase deposit for each closing-date extensionSep 15, 2026

The Philadelphia Parking Authority StaffReport 8th and Chestnut Streets Property 14th Amendment to Agreement of Purchase 2026-09-15

APPROVED

Philadelphia Parking Authority, PennsylvaniaAggregate cost of closing extension periods: $2.5MSep 15, 2026

The Philadelphia Parking Authority StaffReport 8th and Chestnut Streets Property 14th Amendment to Agreement of Purchase 2026-09-15

APPROVED

Philadelphia Parking Authority, Pennsylvania$2.5M aggregate cost of closing extension periodsSep 15, 2026

The Philadelphia Parking Authority StaffReport 8th and Chestnut Streets Property 14th Amendment to Agreement of Purchase 2026-09-15

APPROVED

Philadelphia Parking Authority, PennsylvaniaSep 15, 2026

The Philadelphia Parking Authority StaffReport 8th and Chestnut Streets Property 14th Amendment to Agreement of Purchase 2026-09-15

APPROVED

Philadelphia Parking Authority, Pennsylvania$24.125M sale priceSep 15, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Philadelphia Parking Authority?

Chestnut Corner Associates Llc was awarded this government contract by Philadelphia Parking Authority, as recorded on September 15, 2026. The contract value is $125,000 non-refundable purchase deposit for each of up to nine extensions.

How much is the Chestnut Corner Associates Llc contract with Philadelphia Parking Authority worth?

The Chestnut Corner Associates Llc contract with Philadelphia Parking Authority is valued at $125,000 non-refundable purchase deposit for each of up to nine extensions.

What type of contract is this?

This is a government contract, documented as a staffreport record.

Where was this contract approved?

This contract appears in The Philadelphia Parking Authority StaffReport 8th and Chestnut Streets Property 14th Amendment to Agreement of Purchase 2026-09-15 (StaffReport), dated September 15, 2026 from Philadelphia Parking Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Chestnut Corner Associates Llc hold?

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