$575 million transformation of Gallery to Market East set to begin
Listen
Pennsylvania Gov. Tom Wolf announces a $10 million state redevelopment grant for the Gallery mall in Center City. Wolf is flanked by state and local elected officials and Joe Coradino (second from left) chief executive of Pennsylvania Real Estate Inventment Trust (PREIT) which owns the mall. (Emma Lee/WHYY)
A select crowd had a sneak peak of Market East’s future during a construction update on Philadelphia’s former Gallery shopping mall.
Joseph Coradino, CEO of the Pennsylvania Real Estate Investment Trust, said demolition is nearly complete on the former shopping mall with construction expected to begin within the next few weeks.
“When it’s done, it will really serve as a powerful economic engine to create jobs, construction and permanent,” he said. “It will be a place unlike anywhere else in Philadelphia, a vibrant new social scene, flagship stores, designer outlet stores, dining entertainment in a centralized location.”
Gov. Tom Wolf attended the gathering, announcing a $10 million state grant to help close a funding gap in the project.
“The corridor leading from the Liberty Bell to City Hall has been dormant and stuck in time for many years, for too many years,” he said. “This project seeks to change that by investing $575 million into this site.”
Construction is expected to take about two years and create about 2,300 direct and indirect permanent jobs.
WHYY is your source for fact-based, in-depth journalism and information. As a nonprofit organization, we rely on financial support from readers like you. Please give today.
Philly’s small business community comes together for Bridging Blocks event
Over 100 entrepreneurs gathered, shared and learned during event at WHYY’s Studios.
2 days ago
Listen 42:47
The proposal would mandate wage and benefits for stadium workers similar to what’s in place at the airport.
1 week ago
Listen 1:07
Once a teacher at the Carlisle Indian Industrial boarding school, she left to expose the abuses there and fought for American Indian voting rights in the early 1900s.
1 month ago
Listen 1:04