Parkway is pleased to announce the development of a state-of-the-art building to be constructed at 2000 Arch Street. Designed by L2P/Stantec with the highest standards for sustainability, the new 18-floor, 550,000-square-foot structure will be occupied by Chubb, the world's largest publicly traded property and casualty insurance company. Construction will be managed by Turner Construction and will commence in February 2023.

The project will create at least 1,250 new positions in Philadelphia following the building’s opening in early 2026, making it Chubb’s largest office in North America. Chubb has committed to creating and retaining a total of 3,200 jobs in Pennsylvania within five years following the opening. During the construction phase, the project will also support hundreds of jobs from local unions.

This development will expand Chubb’s workforce in Philadelphia and will include new roles in digital technology, finance, underwriting, and claims. The proximity of the new location to the city’s leading colleges and universities will provide an important pipeline of new talent. There will also be hires into Chubb’s newly launched apprentice program, which will offer roles for individuals without a four-year college degree in areas such as claims, underwriting, and technology.

"It has been a fantastic experience collaborating on this project with Chubb, which, like Parkway, has strong roots here in Philadelphia,” said Robert Zuritsky, President and CEO of Parkway Corporation. “For nearly a century, Parkway has spearheaded some of the most significant and transformative developments in Philadelphia's history. We're thrilled to bring this development with its positive economic impact and job opportunities to this vibrant neighborhood and we look forward to working with our partners to build the future of this world-class city."

2000 Arch Street will be LEED platinum certified and is expected to be open in early 2026.