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DC's National Real Estate Advisors is behind the project to redevelop the former Girard Square block at 11th and Market. CEO Jeffrey Kanne tells us that the aptly renamed East Market project will begin by replacing the low-rise retail building facing Market Street with a mixed-use retail center and apartment tower. Construction will eventually extend down to Chestnut Street and bring a smaller-scale, boutique shopping experience with more apartments to supplement the robust activity on Market.

With leases terminated, all tenants will be out by July, and work should commence on Phase 1, which should eventually transform East Market into 140k SF of retail with a 325 apartments rising above. The construction gives National the chance to put modern amenities in place, among them a business center, fitness center, and third-floor decks. An additional 150k SF will be available for offices but could go residential based on demand. And for shopping? A large variety of tenants are slated, and Jeff says to expect a mix of fashion, restaurants, and entertainment to revitalize the block.

http://www.bisnow.com/commercial-rea...ig-makeover-2/