Philadelphia’s Gallery Mall Is Ripe For Rebirth

English: Map of Philadelphia County highlighti...

English: Map of Philadelphia County highlighting Center City (Photo credit: Wikipedia)

Has the Gallery’s time finally come – again?

Thirty-seven years after the Center City mall broke new ground in urban retailing, the Market East shopping center is anything but cutting-edge. It is tired, mismatched to its surroundings, and a drag on the wider Center City boom.

Its owner, publicly traded Pennsylvania Real Estate Investment Trust, has promised to reverse that. Just how and when, however, has been a bit hazy.

Now, there is increasing evidence that a critical mass is building and that perhaps, as promised by PREIT chief executive officer Joseph Coradino, a transformative project is near.

Read more at http://www.philly.com/philly/business/20140210_The_Gallery_mall_is_ripe_for_rebirth.html#uU7BTOvhCTStsI4z.99

Enhanced by Zemanta
Advertisements