The Beautiful Destruction of Market East

Snellenburg's in 1915

Snellenburg’s in 1915 (Photo: Wikimedia Commons/Library of Congress)

A few years ago I bought a $10 photograph at Mostly Books. My friend told me it was too much, but I didn’t bother to haggle and now it’s on my wall. It’s of Snellenburg’s at 11th and Market. I’m not sure where it’s from, but there’s a card glued to it describing the old department store. The card says the photo is courtesy the Community College of Philadelphia. I’ve assumed it was in the lobby of a since-closed building, but that’s just a guess.

Of course, I never saw that Snellenburg’s in real life. The store closed in 1962. By the time I was a kid, it had been altered and was unrecognizable to the building today. I live nearby, and I occasionally stopped by some of the stores in the building (on the way back from The Gallery). It was your usual Center City strip: City Blue, USA Boutique, Hallmark, an eyeglasses store, a cell phone shop, a dollar store, a scrub shop, a store called “FUNKY” I never set foot in. Read more »

East Market: Timelines, Retail Space, Chestnut Walk and (Possibly) a Hotel

Here's 12th and Market | Via National Real Estate Advisors and BLTa

Here’s 12th and Market | Via National Real Estate Advisors and BLTa

As the East Market project just keeps charging along, we wanted to take a minute to examine how things stand with the game changing development at 11th and Market. We caught  up with Daniel Killinger, managing director of National Real Estate Development, the development team behind East Market, who told us a few interesting tidbits of information about its timeline, the retail and office space, Chestnut Walk and even the possibility of adding a hotel component to the mix.

Phasing Timelines:

As you know, the demolition of the former Girard Square site is now complete. “That was big for us,” said Killinger about the removal of the last piece on Market Street over the weekend. “Now we can get started with our foundation.” As such, National Development hired Tutor Perini to handle the construction of phase one of the project.

The project has a total of 322 rental units and Killinger said that “everything is on time and on schedule” at this point. He expects the first 100 units to deliver sometime in the second quarter of 2016. More units will continue Read more »

And So It Begins: Construction Loan Means East Market Will Soon Rise

Here's 12th and Market | Via National Real Estate Advisors and BLTa

Here’s 12th and Market | Via National Real Estate Advisors and BLTa

One of the more interesting developments to watch take shape over the past year or so has been East Market. The super block that was Girard Square gradually came down piece by piece, showing us signs of what was and, thanks to a gigantic hole, leaving us time to ponder what will be. Hell, we even got to check out some test materials in the process. Now, the project is set to take that next step.

National Real Estate Advisors and Ullico Inc. announced that they closed on a $141 million construction loan for the project at 11oo Market Street, according to a press release. The big money deals are all well and good, but from a built environment standpoint, we got all kinds of giddy at this part of the release:  Read more »

Second Life: East Market Looks to Bring Hip Office Hub to Midtown Village

The new look building at 34 South 11th Street | Courtesy: SSH Real Estate

The new look building at 34 South 11th Street | Courtesy: SSH Real Estate

While much of the talk around the East Market mega-project as been about the digital signage, the renderings and the demolition, there is actually one component that has flown a little under the radar–the redevelopment of the former Family Court building at 34 South 11th Street.

The building will get a fancy new facade treatment from Morris Adjmi, but let’s check out what’s going to be under the hood, so to speak. The city’s first MOM’s Organic Market will be topped by 160,000 square-feet of creative office space aimed at developing Midtown Village/Market East into a vibrant live, work and play neighborhood–possibly even into the city’s tech hub. “It’s the type of space you normally can’t find two blocks from City Hall,” said Peter Soens, partner at SSH Real Estate. The firm is in charge of leasing at the building and part owner of the East Market project along with by National Real Estate Advisors, JOSS Realty Partners LLC and Young Capital LLC.

Usually, the cool-kid warehouse office space scene is reserved for the smaller boutique setups or the outskirts of the Center City in converted industrial buildings. Read more »

Headlines: Developers to the State, You Know What’s Cool? A Billion Dollars

We just love highlighting all the big-time developments in this city. Hell, we devoted almost an entire issue to the “New Boom” back in March. But how do projects like the W Hotel, East Market The Gallery, the SLS International Hotel & Residences and even the Divine Lorraine get funded? A decent amount of it oftentimes comes from matching funds from the state in the form of Redevelopment Assistance Capital Program (RACP). In fact, Joe DiStefano of The Inquirer reports that “developers, corporations, colleges, hospitals and towns” have requested over $1 billion in funds from the state. Last year, Gov. Tom Corbett saw $1.1 billion in requests, but only “funded $207 million of projects.”

Philly alone at 66 requests, some goodies from this year include:

Highlights from the ‘burbs include:

DiStefano reports that Gov. Tom Wolf is actually seeking more requests for RACP funding. Check out the full list at the link below.

Developers ask Penna. for $1 billion+ [The Inquirer]

More Headlines For Your Enjoyment!

Read more »

The Secret Plans for The Gallery Have Finally Been Revealed

Is that The Gallery? No. It's the Fashion Outlets of Philadelphia | Image courtesy of PREIT

Is that The Gallery? No. It’s the Fashion Outlets of Philadelphia | Images courtesy of PREIT

Welp, the genie is now officially out of the bottle. PREIT and Macerich have finally come forward with their vision for The Gallery and it’s full of windows, digital signage, stark white floors, glassy escalators and 125 new restaurants and higher end shops, albeit it probably their discount lines. Hell, it won’t even be called The Gallery anymore. No, it turns out that Fashion Outlets of Philadelphia rebranding bit was true after all. It really is the end of The Gallery as we know itRead more »

East Market Update: Crews Testing Terra Cotta Panels on Site

Whether you live in the city or just stalk it on Instagram (#phillyscape, ya’ll), there’s a good chance you’ve seen the incredible demolition efforts going on at the site East Market project between 11th and 12th on Market Street. It’s captivating. Well, it’s not going to stay that way forever. In fact, the movers-and-shakers of the project are starting to test the building materials on site, as reference in the above tweet.

A representative tell us that this panel is is a sample of the terra cotta that will be at the base of the two retail podiums at East Market. BLT Architects is in charge of the design, which will completely change Market East as we know it. Phase one is expected to cost $230 million and includes 322 residential units above the retail component. Need a refresher about what it’s going to look like? Here’s a fancy gallery for you: Read more »

6 Philly Development Projects That Are Springing Forward

Now that we’ve all had a chance to adjust to that that whole spring forward phenomenon, let’s take a few minutes to look at a handful of projects that are making progress as we officially head into spring. Remember, you’re not losing an hour of precious sleep, you’re gaining another hour of glorious sunlight!

Comcast Innovation and Technology Center:

 

Sure, the near-record breaking concrete pour at the turn of the year may have garnered all of the attention, but that’s winter type stuff. Spring will see the city’s soon-to-be-tallest building rise higher and higher out of the large hole at 19th and Arch. To be frank: that’s exciting. Comcast has recently said they’re going to take up all of the office space within the building and it’s possible that it’s not the last one in the area for the cable goliath. Don’t forget: the Four Seasons will also become one of Philly’s most exclusive hotels as it moves from the Parkway all the way up to the top floors of the CITC.

Read more »

MOM’s Organic Market Is Coming to East Market

east market rendering detail

Detail from one of the East Market renderings. Courtesy National Real Estate Development.

There’s a new grocery story coming to Center City. While all of the buzz is generally around Whole Foods and Trader Joe’s, East Market, the game- and name-changing development between 11th and 12th on Market, has signed on MOM’s Organic Market to anchor 16,000 square-feet of space in the building at 34 S. 11th Street. The building will also feature 160,000 square-feet of hip, warehouse-style office space.

MOM’s Organic Market marks the first retail tenant for the East Market development.

Read more »

Photos: Strawbridge’s Becomes Century 21

Century-21

Yesterday morning I went to take a look at what was once Strawbridge and Clothier and is now Century 21 — not a real estate agency, but the Gallery’s new 100,000-square-foot anchor store. Our sister site Shoppist has plenty of information about names you’ll find (Milly, Y-3, Tumi, Le Creuset, etc.) and where you’ll find them (first floor or second). I didn’t take notes on that because I was too obsessed with looking for, and finding, historical details that might ricochet me back to the days when Strawbridge’s was still a thriving entity. After all, that was an important part of Philadelphia’s history. In 1996, when the company was passed from the Strawbridge family hands to the May company, the New York Times published what amounted to a eulogy, “Philadelphia Keeps Strawbridge Name but Loses a Retail Tradition.”

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