Construction workers broke ground on the East Market development in Center City Philadelphia Thursday. The project will occupy a 4-acre parcel between Chestnut and Market streets near 11th Street.
An official groundbreaking is scheduled for Thursday on East Market, one of the developments expected to have a transformative effect along East Market Street in Philadelphia.
Lt. Gov. Jim Cawley and Philadelphia Mayor Michael A. Nutter will participate in the ceremony to mark the beginning of demolition and construction of the project.
The 4.3-acre site takes up an entire city block bound by Market, Chestnut, 11th and 12th streets.
The building fronting Market Street will be taken down and the first phase of East Market will rise in its place. It will total $230 million and encompass 650,000 square feet.
The developers received $14 million in state and city funds to support the development. Read full story here
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