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Old Posted Mar 23, 2016, 4:31 PM
1487 1487 is offline
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Quote:
Originally Posted by allovertown View Post
Agreed. It's a really odd time to rag on Market East when its fortunes are the brightest they've been in about a century. The idea that market east has "devolved" since Aramark moved there in the 80s is pretty absurd. Market East was a pile of shit in the 80s... and granted has remained a pile of shit for the majority of the time since, but has recently turned the corner and is experiencing a ton of investment.
Not only that, much of what he referred to isn't even there. The stores on the girard estate block are gone and being replaced and PREIT purchased additional buildings in the 1000 block and those are now vacant. The gallery project is already underway and the 1100 block of chestnut is being transformed. Brickstone is also investing in the former Mellon Independence Building at 8th street. Market East declined to the collapse of the large retailers that served as its anchor for decades. It was unfortunate, but not unparalleled in major US central cities.