About 1500 Locust Street Philadelphia, PA Recently acquired by New York developer Fairstead, 1500 Locust Street is a 44-floor, 612 unit mix-use tower. Units vary from studios to three bedrooms and amenities include a resident lounge, fitness center, 10-seat theater room, heated rooftop swimming pool, and a roof deck with grilling areas. It also has street-level retail space currently occupied by two full-service restaurants.