In a sign of real progress,
demolition of what many refer to as Girard Square is in full swing.
The squatty building that
took up the block bounded by Market, 11th, 12th and Chestnut streets has been
razed and its remnants are steadily being cleared out to make way for the
construction of the $230 million first phase of East Market. The site totals
4.3 acres.
Work is scheduled to begin
mid-February on what will be a 17-story building that will have retail and
apartments. The project is the first of what is expected to be a series of
major development changes along East Market Street during the next three to
five years.
East Market is being
developed by National Real Estate Development, Young Capital, Joss Realty and
SSH Real Estate.
Source: Philadelphia
Business Journal
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