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New residential developments are planned or under construction in the immediate trade area
EAST MARKET
1100 MARKET ST., PHILADELPHIA, PA 19107
East Market
East Market is a mixed-use development located in the bustling Mid-City Village district of Center City, right in the heart of downtown Philadelphia. The East Market development encompasses The Canopy Hotel and two upscale residential buildings, along with a curated selection of retail tenants—from unique local brands such as Heart and Paw, Federal Donuts and City Fitness, to well-known chains including TJ Maxx and MOM's Organic Market. With its central location and vibrant blend of shopping, dining, working, and living venues, East Market is a dynamic and popular urban destination.
Moreover, East Market is a hub of both activity and commerce. Just a stone’s throw away is Thomas Jefferson University, one of the nation’s most prominent medical schools, with a combined student and faculty population of 9,354. In addition, a quick stroll up Chestnut Walk is the site of a vast development project—the 19-story Jefferson Specialty Care Pavilion. Slated for completion in 2024, this 462,000 square-foot facility will feature more than 300 exam rooms, as well as infusion and operating rooms, imaging and lab services, and underground parking.
Strong
Trade Area
Directly in the heart of Philadelphia, East Market unites a mix of attractive live, work, shop, stay and play venues within a single, high-energy block.
Prime
Location
Enviably located between 11th and 12th Streets and Market and Chestnut Streets, East Market occupies the core of one of Philadelphia’s most active retail hubs.
Compelling
Tenant Mix
East Market features a selection of unique local Philadelphia brands, alongside national retailers, creating a vibrant and eclectic urban atmosphere.
Growth Potential
East Market offers retailers a variety of spaces and square footage choices to accommodate a broad range of tenant needs.
Jefferson Plaza at
East Market
Jefferson Plaza recently opened in June of 2023, and it provides a welcoming and lively place for Philadelphians to gather and enjoy. It will serve as the backdrop for numerous community happenings such as seasonal events, pop-up food vendors, live music and outdoor fitness classes.
Highlights
•562 Luxury Residential Units
at The Ludlow and The Girard
•296 Upscale Hotel Rooms
at The Canopy and The Roost
$7.64 Billion
in direct visitor spending annually*
*Source - www.visitphilly.com
About Center City
Powerful Market Dynamics: Center City Philadelphia is a thriving urban setting at the core of the sixth-largest metropolitan region in the country. A leading destination for workers, residents, and visitors, Center City hosts 30 million tourists annually.*
Large, Educated Workforce: Center City is home to a young and highly educated workforce. Approximately 350,034 daytime employees live within three miles of the area.
Dense, Affluent Population: Center City and the surrounding area are home to a young and affluent residential population that helps to define the vicinity’s atmosphere, leisure activities and spending trends. The average household income within the one-mile trade area is $127,232.
High-tech Destination: Center City has a modern edge that manifests in unique connectivity options, state-of-the-art office towers, and internationally renowned research and education facilities. The area’s forward-thinking approach attracts companies of all sizes and sectors.
Eds & Meds: Center City District is home to several major universities and medical schools, reflecting the mindset of its young and affluent population, and drawing like-minded consumers to visit and live.
*Source: Tourism number www.visitphilly.com
Demographics
Demographics 70% True Trade area
Demographics 10 mile
Population
790,880
2.2M
average Household Income
$71,983
$78,420
Median Age
32.45
35.31
Education (BAchelor DEgree +)
35.3%
32.2%
renter occupied housing
52.3%
43.4%
Source: Demographics: Placer.ai Insights: Census 2019 (Last 12 Months 5/22 - 5/23)
Notable Tenants
Site Plan
Disclaimer
© 2023 Madison Marquette. All rights reserved. This information has been obtained from sources believed reliable but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. Madison Marquette and the Madison Marquette logo are service marks of Madison Marquette. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.