By Joseph Coradino, CEO of PREIT
Today is an incredibly exciting and special day for Fashion District Philadelphia – and for PREIT – as we celebrate a series of milestones for our biggest project in redevelopment. With a collection of unique tenants and a robust community outreach program, these updates reflect our vision for the project and its impact in Philadelphia. And it holds significant meaning for us at PREIT.
As Philadelphians, our corporate office is just blocks away from Fashion District; we’re residents and commuters of this city; and we’ll be avid visitors shopping, dining and socializing at the District for years to come. There are so many places where the Gallery has intersected with my life. I can remember driving my mother and her sister there to shop when it opened in the 70’s and having lunch with my mother in the Corinthian Room while visiting Strawbridges.
It’s near and dear to our hearts, and from the beginning, we’ve been committed to delivering the best possible project for our hometown. With more than 800,000 square feet of space spanning three city blocks, we have the opportunity to truly transform Market East and create a well-curated, vibrant destination for Philadelphia. We’re energized and enthusiastic about what’s to come!
Across retail, dining and entertainment, Fashion District will feature unique, first-to-Philadelphia concepts offering mass appeal to the city’s diverse customer base. Flagship, off-price, and outlet retail; fine dining and casual quick-eats; movies (the first in Center City in more than 15 years!) and other family-friendly activities – the District will offer it all.
But beyond creating a dynamic destination in downtown Philadelphia, it’s important to us that Fashion District makes a meaningful impact in our community by supporting local artists, nonprofits and entrepreneurs. The project’s cultural and philanthropic programming reinforces our commitment to bringing more than retail and entertainment to Center City; we’re committed to transforming the neighborhood and more broadly, the city we call home.