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BUSINESS
February 18, 2016 | By Jacob Adelman, Staff Writer
PMC Property Group plans to redevelop the former Marketplace Design Center building at 2400 Market St. into a block-wide 22-story office and residential tower, the latest sign that Philadelphia's most aggressive development is shifting west. The company, with real estate investment firm Lubert-Adler, is proposing 450,000 square feet of offices and 350 apartments in a building that uses the former interior design showroom center as its base, PMC executive vice president Jonathan Stavin said Tuesday.
BUSINESS
February 13, 2016 | By Jacob Adelman, Staff Writer
Moves to remake the dilapidated Gallery at Market East into a high-end outlet mall are expected to give area property values a lift. Among the beneficiaries of that boost: the developers behind the Gallery's redevelopment effort. As their proposal for the Fashion Outlets of Philadelphia was coming together, Pennsylvania Real Estate Investment Trust (PREIT) and Macerich Co. were quietly buying up property across the street. The acquisition of three buildings on the 1000 block of Market Street shows the developers' bullishness on the area's resurgence, which the $325 million Gallery project aims to fuel.
NEWS
February 9, 2016 | By Chris Gibbons
And the sign said "The words of the prophets Are written on the subway walls And tenement halls And whispered in the sounds of silence. " - Simon and Garfunkel, "The Sounds of Silence"   It was a little over five years ago when I first heard the preacher on Market Street. After 17 years of working in the Philadelphia suburbs, I was starting a new job and returning to the familiar confines of Center City, where I had previously worked for 15 years, as well as attended high school and college.
NEWS
February 7, 2016
The Schuylkill River Trail reopened from Chestnut to Locust Streets earlier this week as the water portion of a diesel-fuel spill cleanup has concluded, authorities said Friday. U.S. Coast Guard Chief Petty Officer Nick Ameen said 1,300 gallons of oil were vacuumed up from the Schuylkill. He said some oil was also cleaned up by "absorbent pads" and "booms" in the river, but that amount is hard to quantify. Cleanup efforts are now shifting to the land, particularly from the source of the oil spill, a generator at 2400 Market Street, to the area by the CSX railroad tracks.
BUSINESS
February 2, 2016
FOREVER: That's how long the United States promises to deliver snail mail bearing commemorative stamps, in four bright new designs, recalling the Star Trek TV series, a racial- allegorical space opera set 300 years in the future when it debuted 50 years ago. The stamps, two of which depict the Starship Enterprise and a traveler "beaming up," were designed in Old City at the Heads of State , a partnership formed by Hazelton native ...
ENTERTAINMENT
January 30, 2016 | By Inga Saffron, Inquirer Architecture Critic
Maybe the third time will be the charm for the place we've grown used to calling University City. Originally an African American neighborhood known as Black Bottom, the portion between Market Street and Lancaster Avenue was a tight mesh of rowhouses and small businesses until the early 1960s, when it was leveled to provide growing room for Penn and Drexel. As a token, the city set aside a full block on 36th Street to build a cutting-edge, science high school. It lasted all of 33 years.
NEWS
January 28, 2016 | By Julie Shaw, STAFF WRITER
Authorities on Tuesday identified the source of a diesel-fuel spill that leaked about 250 gallons of oil into the Schuylkill River. A portion of the Schuylkill River Trail remained closed Tuesday while crews continued the cleanup effort. The spill occurred when a sensor in an outdoor, covered generator on the 2400 block of Market Street malfunctioned, said Nick Ameen, a spokesman for the U.S. Coast Guard, the lead agency in the cleanup. The generator is owned by a company called CenturyLink, a communications and IT company, Ameen said.
NEWS
January 13, 2016 | By Robert Moran, STAFF WRITER
Police are seeking the public's help to identify suspects who shot a paintball gun at a taxi driver in Center City last month, resulting in the driver losing permanent sight in his right eye. Arshad Khan, 38, of Chester County, has been unable to work since the attack Dec. 19 on 16th Street at Market Street, said his attorney Jordan Schlossberg. Khan had pulled up to a red light at Market in the northbound lanes of 16th at 12:37 a.m. with a fare in the backseat when he heard a bang and saw the splash of paint on the left side of his cab. He rolled down his window and someone in a black sports-utility vehicle to the left of the cab fired the shot that hit Khan in the eye. Khan, who is married with two daughters, including a 9-month-old, was hospitalized at Hahnemann University Hospital in serious but stable condition.
NEWS
January 11, 2016 | By Bob Fernandez, Staff Writer
A private worker helping to repair a sewer line in Old City was trapped in a 14-foot-deep hole Saturday afternoon but was freed about two hours later, conscious and in stable condition. Early reports indicated the unidentified man was working with a crew on the sewer line under the sidewalk in the 300 block of Market Street when dirt and boulders caved in, trapping his legs. The hole was about four feet wide. More than three dozen Fire Department rescuers responded, working carefully to dig the man from the dirt, put him in a harness, and bring him to the street, according to Fire Department Deputy Chief Troy K. Gore.
NEWS
January 9, 2016
New York-based Shorenstein Properties LLC has acquired the 32-story 1700 Market Street office tower in Center City, the company said in a release. Shorenstein closed Wednesday on its purchase of the 848,000-square-foot building from a partnership involving New York's Nightingale Group and investor David Werner. The price was not disclosed. Shorenstein said it plans to invest in improvements to the property, as it's been doing at the nearby Beneficial Bank Place building that it purchased last year.
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