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Old Posted May 29, 2014, 7:11 PM
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summersm343 summersm343 is offline
Join Date: Oct 2011
Location: Philadelphia
Posts: 12,556
From the Center City District Report today:

East Market Development to Begin in Summer
Work on the $230 million, 650,000-square-foot first phase of the development of East Market, which will span 4.3 acres and occupy the entire block bound by Market, Chestnut, 11th and 12th Streets, will begin this summer, the Philadelphia Business Journalreported.

After demolition of the original Snellenberg’s department store parcel on Market Street, a 17-story tower with 160,000 square feet of retail and 322 apartments will be constructed. The 200,000-square-foot building to the south, which is currently occupied by Family Court, will be renovated and offer retail space on the street level and offices above, the article noted.

National Real Estate Development, Joss Realty Partners, Young Capital, and SSH Real Estate are partners in the project. The expected completion date was not announced.