Pennsylvania Real Estate Investment Trust

Rendering of the inside of the Gallery Shopping Mall (Credit: Bellevue Communications)

Phila. City Council Finalizes Legislation To Allow Gallery Makeover

Councilman Mark Squilla, whose district includes the Gallery shopping mall, says final passage of the Gallery renovation measures was a long time coming.

06/18/2015

(An artist's rendering of the new entrance to what is now the Gallery shopping mall, at 9th and Market Streets.  Image provided by PREIT)

City Council Initial Approval of Gallery Shopping Mall Remake Moves Forward

The plan includes a huge city tax break for the owner, worth $55 million.

06/03/2015

Rendering of the new  and improved Gallery Shopping Mall (Credit: PREIT)

Plans For Gallery Mall Makeover Move Ahead With City Planners

Philadelphia Planning Commission members were impressed by the detail and the commitment of the development group.

05/19/2015

(The main entrance to the Gallery, at Ninth and Market Streets.  File photo by KYW's Ian Bush)

Councilman Backs Tens of Millions in Tax Breaks For Gallery Owners

First District councilman Mark Squilla, whose district includes the mall, agreed to introduce a package of bills that includes the tax break, known as “Tax Incremental Financing” (TIF).

KYW Newsradio 1060–04/23/2015

(Mayor Nutter listens as Joseph Coradino, CEO of PREIT, announces the new retailer that will occupy two floors of the former Strawbridge & Clothier department store.  Photo by Mike Dunn)

New York Fashion Retailer ‘Century 21’ Is New Tenant For Strawbridge’s Site

“(It’s) the first department store to open on Market Street in decades,” noted Joseph Coradino, CEO of the owner of the real estate.

04/24/2014

Kmart will close two stores in Philadelphia, including one inside the Gallery Mall. (Credit: Jim Melwert)

Kmart Closing 2 Philadelphia Stores

The closures will affect 289 employees.

01/24/2014

(Entrance to Gallery shopping mall.  File photo by Ian Bush)

Is An Upgrade To Gallery Mall and Market East In The Wind?

There have been a lot of guesses on how they might be able to transform that slightly frayed mall and its surrounding area, including the possible addition of an anchor store like a Bloomingdale’s.

07/12/2013

(Joseph Coradino will take the reins of PREIT this coming June.  Photo provided)

Delaware Valley’s Best Known Shopping Malls Prepare For Change of Leadership

Joseph Coradino will become CEO in June of the company that owns several shopping malls around the Delaware Valley.

03/31/2012