I just shit my pants.
At a cost of $230 Million, first phase of East Market about to get under way
First phase is a slight dissapointment but a HUGE improvement over what is there. First phase will include multiple floor retail and a 17 story apartment tower. The Family Court building will be modified to accompidate retail and office space. Future phases will include three larger towers
Quote:
Demolition of what many know as Girard Square in Center City will begin this summer and construction of a new development called East Market will begin in earnest.
The 4.3-acre site takes up an entire city block bound by Market, Chestnut, 11 th and 12 th streets. The building fronting Market Street will be taken down and the first phase will rise in its place. It will total $230 million and encompass 650,000 square feet.
That initial phase will include constructing a 17-story tower that will have the first two levels dedicated to 160,000 square feet of retail space and the remainder an apartment structure with 322 units. It will also involve renovating the 200,000-square-foot family court building and preparing that for retail space on the street level and office space above.
At build out the project will cost an estimated $500 million and total 2 million square feet.
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I will pull renderings after work.
http://www.bizjournals.com/philadelp...to.html?page=2
http://www.bizjournals.com/philadelp...t-east-to.html