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Market East : In The News

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Market East feeding frenzy continues: Gallery developers scoop up three buildings

The developers behind the renovation of The Gallery have scooped up three more properties in Market East, signaling continued rebirth in the neighborhood. 

Moves to remake the dilapidated Gallery at Market East into a high-end outlet mall are expected to give area property values a lift.
Among the beneficiaries of that boost: the developers behind the Gallery's redevelopment effort.

As their proposal for the Fashion Outlets of Philadelphia was coming together, Pennsylvania Real Estate Investment Trust (PREIT) and Macerich Co. were quietly buying up property across the street.

The acquisition of three buildings on the 1000 block of Market Street shows the developers' bullishness on the area's resurgence, which the $325 million Gallery project aims to fuel...

PREIT and Santa Monica, Calif.-based Macerich plan to find new tenants for the properties after the redeveloped mall's occupants are selected, Coradino said.

Likely candidates are retailers that want to be in the area but are not a good match for the mall, which hopes to feature discount versions of designer-label stores and crowd-drawing restaurants.

The developers may want to use the properties to coax current Gallery tenants that are inconsistent with the Fashion Outlets concept but have long-term leases for their space, said Tom Londres, president of retail brokerage Metro Commercial Real Estate Inc.

Original source: Philadelphia Inquirer
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Inquirer publishes in-depth report on East Market development

The Inquirer takes an in-depth look at an essential section of Center City Philadelphia and its latest chapter.

If Philadelphia were a basketball court, Market Street East would be that inexplicable dead spot on the floor, the place where the ball just doesn’t bounce.

The eight-block corridor has four Dunkin’ Donuts and two Subway sandwich shops — but no outdoor cafe. A McDonald’s sits in what used to be a porn emporium...

For years, when people like Paul Levy pitched the route’s potential to developers, they answered, “Yeah, I get it, but nobody goes to Market Street.”

Now that’s changing — fast.

People involved in massive construction plans say that, finally, Market East is poised to become the worthy, prosperous connector of Center City’s two great icons, City Hall and Independence Mall.

“The pieces are in place,” said Levy, president of the Center City District, the marketing and planning agency. “’Inevitable’ may be too strong a word, but, ‘Very highly likely.’”

Want to learn more? Check out this Flying Kite feature from 2013.

Original source: The Philadelphia Inquirer
Read the complete story here.

Market East to become 'Jefferson Station'

The naming rights for Market East station have been sold to Jefferson.

Thomas Jefferson University Hospitals will pay $4 million for a five-year deal to put the Jefferson name on SEPTA's Market East commuter rail station in Center City.

For an extra $3.4 million, Jefferson can keep the naming rights for an additional four years - a decision it will make at the end of its initial term.

SEPTA will get 85 percent of the money, and its New York-based advertising agency, Titan Worldwide, will get 15 percent, officials said.

The new Jefferson Station name was unveiled in ceremonies Thursday morning at the 30-year-old subterranean rail hub...

SEPTA will use the Jefferson money to make customer improvements at the station, including upgrading entrances and restrooms, SEPTA assistant general manager Fran Kelly said.

Original source: The Philadelphia Inquirer
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Percy Street Barbecue No. 1 place in America to get a can of craft beer

Memphis Taproom, BAR Philadelphia and Percy Street Barbecue, which earned the top spot, gave craftcans.com a distinctly Philadelphia flavor on its list of America's 15 top places to enjoy beer in a can.

Over the past couple years Aric Ferrell, Manager at Philadelphia's Percy Street Barbecue, has been on a mission. He has been on a campaign to have Percy Street feature the largest selection of canned craft beers in the country and we are proud to say that he has definitely accomplished his goal. But, its not just the vast array of craft cans available (at last count there are over 100) at this South Street eatery that put it at the top of the list. Nope, Percy Street is also home to some of the most amazing barbecue in the northeast. Two words: Turkey Tails. Everything we've had there was delicious and you can even get cans to go now! If it comes in a can and is available in Pennsylvania than Aric has done everything he can to put it on his can menu. Serving up Texas-style BBQ in a clean, modern environment with a ridicu-list of canned craft beers available as well as a serious whiskey list, Percy Street is our top choice for best place to grab a can of beer in America. They've earned it.
Original source: craftcans.com
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Industrial designers look to develop sensual map of Philadelphia

Philadelphia architect, fine artist and teacher Joseph G. Brin interviews Industrial Design Society of American North East District VP Elect Stephan Clambaneva in advance of the organization's conference at the Pennsylvania Convention Center on April 13-14.

The workshop is called a “Sense of Philadelphia.” We intend to conduct a workshop to develop a “sensual” map of Philadelphiia.

Participants will split into groups and explore how to make the intangible tangible by using the five senses and the Great City of Philadelphia as inspiration. Using their sense kits each participant will capture his or her sense in a bottle, or in this case, a petri dish and in about two hours, the teams will manage to use these to generate a variety of potential new products or services that highlight, showcase, help experience or, in some cases, illuminate those quintessential sensual experiences only Philadelphia can offer!

Original source: Metropolis Mag
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Wrap-Up: Feeling the Flower Show from near and far

The Philadelphia Flower Show, which came to a close on Sunday, went Hawaiian this year, and judging by these reports from WHYY, Forbes and Big Island, Aloha is a five-letter word for breathtaking.

(from Forbes) The central thematic display this year is the "Orchid Wave," a semi-enclosed glass space in the shape of a wave with projections of 3-D fish, sea turtles, surfers, and other images that roll over the heads of visitors. Between the segments of constantly moving 3-D scenery are rows of what Flower Show officials say is the largest display of white orchids and anthuriums ever assembled. It has the feeling of being in an aquarium as it does a wave.

Original sources: WHYY, Forbes and Big Island

Center City looking good for retailers, with annual retail demand at $710.9M

Shopping Center Business takes a stroll through Center City Philadelphia, finding a bright spot for U.S. retailers via redevelopment and growing assets.

Meanwhile, Walnut Street -- Center City’s high street shopping district -- and its surrounding streets continue to pick up additional retailers who want to capture the city’s affluent residents (Philadelphia has the third largest CBD residential population following New York and Chicago). Center City District estimates that a business located on the 1400 block of Walnut Street can expect to see an average of greater than 2,000 people per hour. The Center City District estimates retail demand within one mile of City Hall is $710.9 million per year. Center City has a population of nearly 180,000, 73% of which have at least a bachelor’s degree.

Original source: Shopping Center Business
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NYT examines Philadelphia Media Network's move and digital signs' impact on Market East

The New York Times looks at the Philadelphia Media Network's move to Market East and the sign ordinance that will effectively create a digital district in Center City.

Philadelphia Media Network will have two digital signs on Market Street and two on Ninth Street, and each sign will be about 14 feet wide and 45 feet long, said Joseph F. Coradino, the president of Preit Services and Preit-Rubin, the commercial development and management subsidiaries of the Pennsylvania Real Estate Investment Trust, the company that owns both the Gallery and the old Strawbridge site.

The sign ordinance has limits. For example, it will allow digital signs to appear only on properties that have 100 feet or more of frontage on Market Street.

"This is not Times Square, where the goal is to basically cover buildings with signs," said Paul R. Levy, the president of the Center City District, a business improvement group and an early supporter of the ordinance. "Our goal here was to integrate the signs into the existing architecture."

Original source: The New York Times
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Malvern pharma startup among stars of BioTech 2011's innovation corridor

Recro Pharma of Malvern was one of several companies from the region who were showcased at BioTech 2011 last week at the Pennsylvania Convention Center, and MedCity News has a write-up and video on its new drug that targets postoperative and diabetes pain.

This year’s innovation corridor included about 24 scientists and early stage startups from universities and incubators who exhibited posters that highlighted their work and demonstrated the commercial applications, something that regional associations are trying to do more. Now in its sixth year, a decision was made to put the younger scientists alongside the more mature startups so potential investors could see them at the same time and encourage mentoring and partnership opportunities.

Recro Pharma, a Malvern, Pennsylvania-based company, is seeking $20 million for a new drug application for a drug that targets postoperative and diabetes pain relief.

Original source: MedCity News
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Philly's finest farm-to-table offerings

Local restaurants are getting a reputation for farm fresh ingredients, according to OffManhattan.

To taste the freshest produce in the region, you can shop one of the city’s many farmers market, haul your selections back home, and crack open a cookbook. Or you can take the effortless route, and settle into one of the top farm-to-table restaurants in Philadelphia.

Uniquely positioned between ‘Jersey Fresh’ territory and Amish Country, Philly offers its chefs an impressive variety of local, seasonal ingredients from which to craft their award-winning menus. And diners will be excited to know that much of this produce makes its way from farm to plate just one day after harvesting. Yes, the peppery radishes and buttery greens in your appetizer salad may have been plucked from the dirt just hours ago.

Source: OffManhattan
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Shaping our city: Philly's open spaces becoming a model

Philadelphia's rich landscape heritage makes for a city painted in shades of green, according to The Huffington Post.

The transformation of the urban core, as I've written before, is hot, hot, hot. Currently, there's a great deal of attention focused (justifiably) on the much-talked-about opening of the second phase of the much-talked-about High Line in New York, which has put yet more vim into that city's vigor. But if you want to see some serious va-va-voom, set your sites on Philadelphia (and don't get all snarky quoting W. C. Fields now). Philadelphia's exceptional array of parks and open spaces, and the visionary, entrepreneurial and civic-minded people behind them, is where to really see a city center in high gear (and the BYOB restaurant scene is taste bud nirvana).

For more than three centuries, city planning, landscape architecture and a unique civic ambition that emphasizes horticulture as much as the pedestrian experience in its public spaces and streetscapes, have made Philadelphia a fascinating city. From the five squares that were at the core of William Penn's 1683 plan to Dan Kiley's mid-20th-century design for Independence Mall, which connected Franklin Square to the north and Washington Square to the south, the city has a landscape heritage that few others can boast.

Source: The Huffington Post
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Where did the soul of Philly go?

The grassroots soul music movement of Philadelphia that created The Roots and Musiq Soulchild hasn't disappeared, and its latest practitioners are worth seeking out, according to Urban Cusp.

In the late 1990s and early 2000s, Philadelphia had one of the most diverse and respected cultural scenes on the East Coast. One could walk down South Street and hear poets on the corner, see Rasta street vendors selling patchouli and flags, and not make it too far down the block without receiving at least two hand-bills advertising upcoming events. You could walk on UPenn and Temple's campuses and see a range from tattooed Rockers with spiked hair to B-Boy wannabes in full Adidas gear. The culture was so bountiful that it made you stop and ask, "Are we still in Philly or is this Brooklyn?" But, now it almost seems like the diversity has disappeared or at least gone into hiding. Where did all of the culture go? Have all of the true artists been pushed out? Have they sold out or have they all given up and relocated to New York and DC?

Source: Urban Cusp
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Da murals: Chicago digs our outdoor art

The Chicago Tribune marvels at Philly's outdoor art scene through a pair of tours showcasing the groundbreaking work of the Mural Arts program..

On my latest trip there, Philadelphia again stole my heart. But this time, instead of falling for Philly's red-bricked history, I fell for its outside art. Nicknamed the City of Murals, Philadelphia has more than 3,000 outdoor murals. The nonprofit City of Philadelphia Mural Arts Program (MAP) collection includes 1,700 painted walls.

Although founded to help eradicate graffiti in 1984, under Executive Director Jane Golden, MAP now connects artists with communities by creating art in public spaces. When travelers pay for a guided tour from MAP, it helps support Mural Arts' education and youth development, including the Restorative Justice Program, which teaches inmates, ex-offenders and juvenile delinquents how to paint murals.

Source: The Chicago Tribune
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Viridity, on the fast track to green transit, partners up for SEPTA project

Viridity Energy partners with Saft and Envitech on the first trackside energy storage system in North America, recycling energy from braking SEPTA trains and trolleys, according to the New York Times.

Subway trains need a lot of electricity to get going, turning electricity into kinetic energy, the energy of movement. When they pull into a station, many of them can do the opposite: generate electricity from their momentum. They turn their motors into generators to slow the train, producing current.

But in many systems, some of that energy goes to waste because of a bottleneck: the third rail, which carries current to the train, cannot handle as much energy as the train is generating during deceleration. Too much current pushes up the voltage, and when the voltage gets too high, the electricity is dissipated by running it through a piece of metal that converts it into heat.

But in Philadelphia, on the Market-Frankford line of the Southeast Pennsylvania Transit Authority, a new company called Viridity Energy will install batteries to capture a lot of that electricity and hold it while the train is in the station. Then it can deliver the power when the train starts up again or store it for a time of day when it is needed more.

Source: The New York Times
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NYC's High Line paves way for Reading Viaduct, other parks in the sky

University of Pennsylvania urbanism professor Witold Rybczynski writes about New York City's elevated park, the High Line II, and talks about Philly's proposed Reading Viaduct park in a New York Times op-ed.

THE second section of the High Line, the park built atop an abandoned elevated rail trestle on the west side of Manhattan, is scheduled to open next month. Like a movie sequel, High Line II will have some things that are the same -- more of those neat high-tech concrete planks underfoot and "peel-up" benches -- as well as some things that are different: a "woodland flyover" of dense vegetation; a lawn; and a dramatic glass cutout exposing traffic on the street below. Food carts and something called a wine porch are promised, as well as a Renzo Piano-designed restaurant.

The second phase will undoubtedly receive as much news media hoopla and public enthusiasm as the first, which opened in 2009. But its designers want it to be even more, a model for a new sort of town planning, dubbed "landscape urbanism." Indeed, High Line-type projects are being discussed for Chicago (the Bloomingdale Trail), Philadelphia (the Reading Viaduct), Jersey City (the Sixth Street Embankment) and St. Louis (the Iron Horse Trestle).

Source: The New York Times
Read the full story here.
27 Market East Articles | Page: | Show All
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