Pennsylvania Ballet Purchases Land for New Headquarters

Classic Arts News   Pennsylvania Ballet Purchases Land for New Headquarters
 
The Pennsylvania Ballet has purchased land for its new headquarters, The Philadephia Inquirer reported last week.

The $5.5 million transaction closed on June 1, officials told the newspaper. The plot is situated on Broad Street not far from the Convention Center, about a mile and half north of the rented studios and offices the company currently occupies.

"It's just a nice part of town and a lot is happening there," the Inquirer reported Michael G. Scolamiero, the troupe's executive director, saying. The new building will also offer the ballet more visibility. "It's a lot of land we could not find anywhere else," he said.

Three of the new site's existing four buildings will be demolished; the ballet will occupy 40% of the land in a single 40,000-square-foot structure housing its administration, wardrobe facilities and rehearsal studios.

Acqusition and demolition, which constitute the project's first phase, is estimated to cost $14 million to $15 million. Part of the purchase price was borrowed, though Scolamiero would not reveal the figure. The ballet has asked for state funding, and a $1 million grant from the city of Philadelphia was announced on June 28.

The new facility will be designed by Erdy McHenry Architecture and completed in two to three years.

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