National Real Estate Advisors, JOSS Realty Partners, SSH and Young Capital have plans to develop East Market, a mixed-use project with residential units, retail, office and parking in the Market East neighborhood of Philadelphia.
JLL’s Capital Markets Group represented the joint venture in securing a $260 million loan for East Market.
East Market is a multi-phased, mixed-use development that has reimagined an entire city block into a vibrant community incorporating retail, dining, working, living and hospitality spaces. The project, which spans from Market to Chestnut and 11th to 12th streets, is the combination of two contemporary multi-housing residential buildings containing 562 units, 120,000 square feet of complementary retail, the adaptive reuse of a 100-year-old warehouse building into creative office space, and 177 subterranean parking spaces.
The project also includes the renovation of a historically significant office building i
