A year from now, 1100 Market Street will look like this

1100 Market

The highly-anticipated East Market redevelopment keeps getting closer to becoming a reality. The latest news? Construction can now begin on an 18-story commercial/residential tower called 1100 Market Street after a National Real Estate Development and Ullico agreed to a $141 million construction loan.

Deb Massa, vice president of Brian Communications who is a spokeswoman for East Market, told Billy Penn the building should be finished next summer. When construction is completed, it is slated to feature 322 residential units spanning 16 stories and retail options on another two stories.

The entire redevelopment of Market Street, known as East Market, will cover the full square block between Market and Chestnut streets and 11th and 12th streets. It will cost $500 million and is supposed to create  nearly 300 permanent jobs and 1,200 construction jobs.


Mornings are for coffee and local news

Billy Penn’s free morning newsletter gives you a daily roundup of the top Philly stories you need to start your day.

You finished another Billy Penn article — keep it up!

We hope you found it useful, fun, or maybe even both. If you want more stories like this, will you join us as a member today?

Nice to see you (instead of a paywall)

Billy Penn’s mission is to provide free, quality information to Philadelphians through our articles and daily newsletter. If you believe local journalism is key to a healthy community, join us!

Your donation brought this story to life

Billy Penn only exists because of supporters like you. If you find our work valuable, consider making a sustaining donation today.

Being informed looks good on you

Thanks for reading another article, made possible by members like you. Want to share BP with a friend?