Posted Sep 26, 2017, 6:05 PM
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Moderator
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Join Date: Oct 2011
Location: Philadelphia
Posts: 18,365
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Update on more signed leases
Quote:
MOM’s Organic Market debuted on Sept. 8 as East Market development’s first operating tenant. The grocer is one of the anchors for the project that takes up the entire block of 1100 Market Street.
“The area is very densely populated and the demographics are good,” MOM’s CEO Scott Nash said of why he took the gamble on opening there. “Most dense urban areas don’t have great grocery options, and we wanted to fill that gap in Center City. After opening a little more than two weeks ago, we’re really satisfied with how things are going. Sales have been good.”
In addition to MOM’s Organic, other confirmed tenants with signed leases include: Iron Hill Brewery, City Fitness, TJ Maxx, AT&T, District Taco, Federal Donuts, and a Wawa. Another local sit-down restaurant, not yet announced, is also in the mix.
Killinger, of Washington D.C.-based National Real Estate, said he pitched the East Market project five years ago and it falls in line with his Washington D.C.-based company’s other “big, transformative projects across the country.”
“What National is looking for is all here in Philadelphia — with the transportation hub, barriers to entry, job growth, population density,” Killinger said of the four-acre site that was formerly the Girard Estate. “This is the retail activity with the kind of density that we envisioned.
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Read more here:
http://www.philly.com/philly/busines...-20170926.html
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