Center City East: Creating Center City’s Next Retail District
Center City East connects City Hall and Midtown Village to Independence Mall and the city’s major tourist attractions. In the next few years several large-scale, mixed-use developments will invest more than $815 million and add more than 1 million square feet of new retail, creating Center City’s next shopping district.
Strong retail and housing demand is driving development east of Broad Street, where there is room for large-scale projects. While Center City’s prime retail district is on the west side along Rittenhouse Square, both local boutiques seeking lower rents and national tenants desiring larger spaces are eager to locate here.
Offerings will include some of Center City's first big box retailers, along with design and independent boutiques. New entrants to the market include Century 21, Target, Mom’s Organic Market, Design Within Reach, P.J. Clarke’s and the relocation of the Marketplace Design Center, as well as unique boutiques found only in Center City including Lapstone & Hammer and Rikumo.
December 9, 2016 | New owner to transform Bourse into Philadelphia's version of Chelsea Market, Philadelphia Business Journal
July 22, 2016 | Target’s new store puts a bull’s-eye on Center City, The Philadelphia Inquirer
July 4, 2016 | Why Market East is becoming the new hot area for Millennials, The Philadelphia Inquirer
June 30, 2016 | One Washington Square trades for $114M, Philadelphia Business Journal
June 17, 2016 | The new dining hotspot? Independence Mall, Philadelphia Business Journal
May 5, 2016 | Restaurants to take major role at rehabbed Gallery, Macerich CEO says, The Philadelphia Inquirer
March 30, 2016 | East Market: Hub of a New Design District? Philadelphia Magazine
February 2, 2016 | D.C. firm buys controlling stake in the Bourse, plans $40M renovation, The Philadelphia Inquirer
December 23, 2015 | Agreement finalized in Gallery’s redevelopment, Philadelphia Business Journal
July 7, 2015 | New York investor buys Public Ledger building, The Philadelphia Inquirer
March 8, 2015 | Mall to the Hall, The Philadelphia Inquirer