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 in the know

Sign up for Billy Penn’s free morning newsletter for a daily roundup of Philadelphia’s most pressing news, top interesting stories, fun tidbits, and relevant events.

Thanks for reading another Billy Penn article!

We don’t have a paywall, and never will. Instead, we depend on readers like you to keep our newsroom jamming on stories about Philadelphia. If you like what you see, will you support our work?

Thanks for reading a Billy Penn story

We don’t have a paywall, and our daily newsletter is free. Instead, YOU are key to keeping our nonprofit newsroom running strong. If you like what you see, will you join as a member today?

This story was powered by readers

Readers like you make articles like this possible, so thanks for your support. Want to make sure we stick around? Become a sustainer with a recurring contribution!

Tell a friend about Billy Penn

Thanks for reading another article — and we’re grateful for your support! Want to help a friend start their day with Billy Penn? Send them to our newsletter signup page.