Thursday, May 15, 2014

Bye Bye, Girard Block

Have you walked around the Girard Block and wondered why so many of its Market Street storefronts are having closing sales? Well, that's because this summer, the eyesore with its giant 70s era McDonald's roof will be coming down.

National Real Estate Advisors will begin demolishing the remains of the old Snellenberg Departmemt Store to make way for their $500M redevelopment of the entire block. The initial phase will include a 17 story tower, retail space, and a renovated Family Court building on 11th Street.

Although the market will control future phases - which was the plan when the Gallery was built to support two office towers - this project will be the shot Market East needs. Apartments along 11th Street will help spur adjacent development between Market and Chestnut. Likewise, it s retail presence will provide the Gallery with the competition it needs to step up its game.

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