Wednesday, October 19, 2016

$575M Makeover Planned for Philadelphia’s Gallery Mall

The venerable Gallery at Market East will soon undergo a complete and rebranding thanks to an agreement between Pennsylvania Real Estate Investment Trust, the Macerich Company and the City of Philadelphia. A two-year construction process will begin to redesign the Gallery and turn the historic mall into a contemporary retail space housing 125 stores, and renamed the Fashion Outlets of Philadelphia at Market East.

The redevelopment plan, which will cost $575 million, includes a total redesign to remake the 1.5 million-square-foot space into a highly accessible, airy and light-filled shopping and entertainment center with discount outlets of high-end retailers, street-level shops, sidewalk cafes and more.

Plans include 125 new stores, along with revamped dining and entertainment options. The transformation will involve a new glass-walled Center Court at 9th and Market Street.

Once complete, the overhauled multi-use space would connect the shopping and entertainment assets inside the center with the vibrant city outside, allowing for tons of natural light and a dynamic flow of pedestrians and shoppers.

Legislation passed by the City Council includes:
  • $55 million tax break for the developers from the city and the state.
  • At least a $12/hr minimum wage for employees of the developers and their subcontractors, but not including retail workers
  • City residents would get the first opportunities for employment at the mall
  • The right for kiosk vendors displaced by construction to relocate within the completed mall

Inside, a glass-walled and light-filled Center Court at 9th and Market would become a hub for shoppers, visitors, office workers, conventioneers and residents.

Outside, the 9th Street underpass would become a key access point for the Fashion Outlets of Philadelphia at Market East.

The dramatic renovation plans for the interior concourse include adding tons of windows to allow for natural light and bright light-reflecting white tiles, transforming the outdated mall into a contemporary entertainment destination.

Construction would close the existing Gallery for approximately two years, with a scheduled reopening in 2018.