Change will be occurring soon on Market Street between 11th and 12th. The existing buildings will be demolished this July and will be replaced by a new mixed-use development, East Market. The Lighting Practice, working on BLT Architects’ design team, is responsible for lighting of the exterior building facades, streetscapes and interior common areas.
Retail-residential development planned on Market Street
In a sweeping $500 million-plus project aimed at finally upgrading Philadelphia’s worn downtown retail district and spreading Center City’s apartment revival east of Broad Street, a development group says it plans to demolish a modest block of stores on Market Street between 11th and 12th – and eventually level or renovate the rest of the block down to Chestnut Street – in favor of a new retail/residential complex.
Developers of the complex, to be called East Market, are two Philadelphia concerns, backed by Washington and New York firms.
“We’re going to have grocers, we’re going to have restaurants, entertainment, fashion,” said Jeff Kanne, chief executive of National Real Estate Advisors (NREA), a $2.2 billion-asset, Washington-based firm that counts the International Brotherhood of Electrical Workers and other unions as investors.
“All the tenants have been terminated, and we expect to knock that building down in July,” Kanne said Tuesday of the 1100 block of Market Street, former site of the N. Snellenburg & Co. department store and currently home to a dollar store and electronics, clothing, and jewelry shops.
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