At a cost of $230M, first phase of East Market to get underway

Demolition of what many know as Girard Square in Center City will begin this summer and construction of a new development called East Market will begin in earnest.

The 4.3-acre site takes up an entire city block bound by Market, Chestnut, 11 ^thand 12 ^th streets. The building fronting Market Street will be taken down and the first phase will rise in its place. It will total $230 million and encompass 650,000 square feet.

That initial phase will include constructing a 17-story tower that will have the first two levels dedicated to 160,000 square feet of retail space and the remainder an apartment structure with 322 units. It will also involve renovating the 200,000-square-foot family court building and preparing that for retail space on the street level and office space above.

Read the rest of the article and see the renderings here.