Partial view of the second apartment tower at East Market. | Rendering: Morris Adjmi Architects and BLT Architects via National Real Estate Development LLC
National Real Estate Development, LLC (NRED), the union-affiliated development firm that’s behind the East Market mixed-use development, yesterday announced that it had closed on a $57 million loan from Wells Fargo that will allow work to commence on the project’s second apartment tower.
Designed by architect Morris Adjmi in collaboration with project architect BLTa, the new tower is dramatically different in style from the first tower now under way at 11th and Market streets.
Yet it should strike a familiar chord with everyone who sees it. Read more »
National and international retailers like Uniqlo have created positive buzz and helped turn around Chestnut Street’s fortunes, but independent local retailers remain the backbone of Center City’s increasingly strong retail scene. | Photo: M. Fischetti for Visit Philadelphia
Just as the influx of new residents into Center City ultimately overflowed its confines, the retailers and restaurateurs that are rushing to serve them are finding they need to expand their horizons in order to find suitable space.
That’s one of the main takeaways from “Center City Reports: Philadelphia Retail” (PDF), the latest in a series of periodic reports by the Center City District and the Central Philadelphia Development Corporation, issued yesterday (Dec. 5). Read more »
The future home of the area’s second, and Center City’s first, MOM’s Organic Market is almost complete. | Photos: Sandy Smith except where indicated
MOM is getting ready to welcome her neighbors to East Market come this fall.
That’s MOM as in “MOM’s Organic Market,” the first tenant signed for the mixed-use development that will, when complete, occupy the entire block bounded by 11th, 12th, Market and Chestnut streets. Its space on the street level of 34 S. 11th St. is closing in on completion, and work is well under way on getting the insides of the building ready for two more tenants, including a new one developer National Real Estate Development (NRED) announced yesterday (July 13): Bohlin Cywinski Jackson (BCJ), a national architectural firm with Pennsylvania roots whose Philadelphia office is currently at 123 South Broad.
NRED used the occasion of the BCJ announcement to invite the media in to take a look around and see how construction is progressing on the first building to be completed as part of the multiphase project. The building, which was once an annex of Snellenburg’s department store and was most recently home to the Philadelphia Family Court, has been given a Modernist factory-like treatment by project architect BLT Architects. Read more »
The view from the Market Street entrance to Century 21. | Lauren McGrath.
When we got a sneak peek inside Century 21 before it opened in the fall of 2014, we couldn’t get enough of the Gallery’s brand-new, face-lifted megastore. But as so many stores have experienced time after time (ahem, Nordstrom Rack), it ain’t easy out there for an off-price retailer in the middle of the city. Call us cynics, but we worried about the state in which we’d find all that Chloé and Saint Laurent after all this time. High-brow doesn’t generally mix well with clutter.
I made my way down Market Street fueled by La Colombe and a burning desire to see the real state of affairs at Century 21, its grand-opening luster long gone. I had visions of gorgeous beaded Valentino platforms smushed on a shoe shelf next to patent leather Jessica Simpson heels and clothing racks in disarray. Braced for the worst, I dove in. Here’s what I found:
Architect’s cutaway rendering of the new Design Within Reach showroom at East Market | Image from D Form A (DFA)
An interior designer I recently had the pleasure to meet hails from Italy but has resided in the United States for well over a decade now. Nonetheless, one aspect of American urban commerce mystifies him: the tendency for similar businesses to cluster in identifiable districts in our large cities.
Apparently, there’s no Garment District in Milan, no Jewelers’ Row in Rome. That’s actually a shame if true, for districts like these offer distinct advantages for both merchants and shoppers alike. For shoppers, these clusters provided an easy means of comparison shopping long before the Internet came along. Merchants were assured more of the people passing their stores were interested in what they had to sell. And the businesses could more easily gain knowledge and trade insights with one another while keeping up the competition.
Both Jewelers’ Row in Center City and Fabric Row on South Fourth Street have survived for more than a century because of these advantages. Now it looks like a new trade hub is about to join them. Read more »
A rendering of the new interior. | Image via D Form A (DFA).
Retail news alert: The up-and-coming East Market shopping corridor is welcoming a new addition to its lineup of tenants, and this one is seriously good. Luxury furniture and accessories studio Design Within Reach is returning to Philly after a six-year hiatus and will bring some major clientele to the developing retail corridor at East Market. Read more »
A view of 34 South 11th Street | Via Nation Real Estate Developers, BLTa, Morris Adjmi
Things are really rolling at the East Market project at 11th and Market, specifically inside the building at 34 South 11th Street. National Real Estate Development and SSH Real Estate announced yesterday that they’ve inked a deal with the Design Center, a major resource for interior design professionals throughout the region, to lease 48,000-square-feet of space over two floors inside what was the Family Court building.
The group also announced that they have secured a $38.5 million construction loan with Wells Fargo to “fund the continued renovation” of 34 South 11th Street.
This news follows on the heels that MOM’s Organic Market will anchor the ground floor retail space at the site and, according to the press release, the Design Center is already looking to grow:
Read more »
The big pour. Photos by James Jennings
The concrete pour at the East Market construction site got underway Monday morning, as 35 trucks are expected to funnel 350-cubic-yards of concrete for the foundation of the sub basement.
It marks the first real signs of vertical growth at the site, where copious amount of retail and restaurants (and digital signage) will anchor a residential tower holding 322 units and a green amenity deck. We took a brief tour of the hole and the former Family Court Building at 34 South 11th Street. We’ve got to admit, it was pretty damn cool to see the process unfold, and even more impressive to get near the work and take in the massive scope of the project.
Marshall French, construction manager with National Real Estate Development, said that a larger than normal crew will be pouring the footings for the sub basement today, which will bear the load for the tower portion of the project on 11th and Market. Read more »
The action over at the East Market project is about to really heat up, as the concrete pour for the foundation is scheduled for the morning of July 13.
If you’ve been past the site on Market Street between 11th and 12th recently, you’ll know it’s a giant hole in the ground. That will soon change. At least, that hole will soon be filled with a whole lot of concrete.
A rep from the project confirmed in an email that the pour is scheduled for Monday morning and will involve “35 trucks pouring approximately 350-cubic-yards of concrete to create sub-basement spread footings.” The pour is expected to take most of the day.
Read more »
Photo: Jeff Fusco
We’re back with an update from the Redevelopment Assistance Capital Program (RACP) again, where a few major projects in the Philadelphia area got the thumbs up (at least partially, in most instances) for grants aimed “to attract and retain jobs in Pennsylvania by targeting large, economically transformative projects for development,” according to the RACP website.
EB Realty Management Corp. was granted $3.5 million of the $5 million for activation of the Arcade at the Divine Lorraine Hotel. Liberty Property Trust landed $10 million for “infrastructure costs related to” the in-progress Comcast Innovation and Technology Center. The Philadelphia Museum of Art $5 million for “infrastructure renovations and improvements.” The two behemoths on Market East, East Market (Girard Square) and the The Gallery, were awarded $2.5 million, respectively. $3.7 million went to the development of the Chinatown Community Center, also known as the Eastern Tower Community Center.
For a look at some of the major projects that did, and didn’t, make the cut (they can re-apply), check out Joe DiStefano’s column in The Inquirer below.
More Headlines to Make Your Monday Special:
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