REAL ESTATE

Major retail hub set to open in the City of Brotherly Love

BY Jennifer Setteducato

The long-awaited grand opening of the former Gallery at Market East in Philadelphia’s Center City has been set for September 2019.

The new Fashion District Philadelphia – a $325 million joint venture between Macerich and PREIT – will feature over 800,000 sq. ft. of retail, dining, and entertainment making it a fully immersive shopping experience just steps away from the city’s Historic District.

Currently, 80% of the center is either leased or in active negotiations. Tenants will include Polo Ralph Lauren, H&M, Forever 21, Zumiez, Asics, Zales, Guess, Columbia, Francesca’s, Levi’s, and Skechers, with leases being negotiated with ULTA Beauty and more. Century 21 and Burlington stores are already open.

AMC Theaters will be located on the third floor, which will be dedicated “entertainment zone.”

An artisanal Italian market with culinary events, restaurant and retail space will be featured alongside a unique blend of dining options including Dallas BBQ, and City Winery (which offers intimate concerts, food and wine classes), Chickie’s & Pete’s, Chick-fil-A, Oath Pizza, Burger Fi, Pei Wei, Freshii and la Madeleine.

Spanning three city blocks, Fashion District is connected to Reading Terminal Market, the Pennsylvania Convention Center and the largest regional rail hub in Philadelphia making it accessible to commuters, tourists and locals.

“Philadelphia and the retail environment have evolved dramatically since this project’s inception and we are unveiling a cohesive offering befitting this world-class city,” said Joseph F. Coradino, CEO of PREIT.

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