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.

 

Thanks for reading another Billy Penn story

Find everything you need to know about Philly, every day — in clear, direct language, like a good friend might say.

No clickbait, no cliffhangers: the Billy Penn morning newsletter.

We're covering COVID, and everything else Philly

To get through ~these times~ we’re doubling down on local stories that inspire, as well as producing guides and explainers on pandemic regulations.

If they help you, will you give us a hand in return?

We're covering COVID, and everything else Philly

To get through ~these times~ we’re doubling down on local stories that inspire, as well as producing guides and explainers on pandemic regulations.

If they help you, will you give us a hand in return?

Lock in your support

Reader support powers our local pandemic reporting. A monthly membership helps lock it in.

Can we count on you as a Billy Penn sustainer?

Winning the local journalism game

Thank you: Member support powers our newsroom.

Know someone else who might want our daily updates? Invite them to sign up for our free morning newsletter.