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.