Center City's East Market Project Lands First Tenant
By John McDevitt
PHILADELPHIA (CBS) -- A $230-million multi-use redevelopment project underway on a four-acre site in Center City Philadelphia is getting its first tenant.
Maryland-based Mom's Organic Market will occupy retail space on street level of the mix-use East Market project near 11th and Market Streets.
Daniel Killinger, director of development for National Real Estate Development, is one of the partners in the project. He says it's nice to have the new grocery store on board.
"It's one that complements the Reading Terminal across the street and sort of expand the opportunities and stay open later," Killinger says. "And we are especially excited to have Mom's with their organic offerings. We think it's perfectly aligned with the vision that we have for the site."
This will be a second Philadelphia-area location for Mom's. There is also a store in Bryn Mawr, Delaware County.
"There will be parking located on-site beneath the market and then they will have a an elevator that takes them directly to their space," Killinger says. "You can take the train and walk in off the street. There will be car charging in the basement of the parking lot."
East Market is expected to be completed by spring of next year. It will house new retail shops, offices and a 322-unit apartment building.
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