High Street Hope

Front and Market Streets, southwest corner.

A restaurant seems likely at the long vacant 1883 Franklin Trust Company building at Front and Market, originally the site of the London Coffee House.

This past August, the city’s Zoning Board gave restaurateur Aaron Kavulich the go-ahead to develop a restaurant there. Kavulich needed a variance to allow use of the basement and first two floors for operations, with private dining and an office on the third floor and an apartment on the fourth. Its style will be new American, with a focus on local and sustainable ingredients. Kavulich won the backing and approval of the Old City Civic Association and plans to open in November.

This will make the restaurant’s opening about 310 years after the founding of the London Coffee House. Then, the 100-foot-wide avenue known as Market Street was called High Street, a term derived from one or both of the following: 1) “High” was the familiar name of the main street in most English towns, a custom dating back to Roman times; and 2) the street began at the highest point of the bluff that ran alongside the Delaware River when Philadelphia was founded.

The London Coffee House, drawing.

Front and High was indeed Philadelphia’s first town center and the coffee house a convenient stop for stagecoaches arriving from points north and south and travelers disembarking at the port. The London Coffee House became a popular place for merchant dealing and a political hangout.

The “Widow Roberts” ran the tavern for years, serving coffee, alcoholic beverages and simple meals. When she retired in 1754, printer/publisher William Bradford took over and turned it into the first stock exchange in America where owners of recently arrived schooners advertised their goods, investors bought and sold real estate, fishermen boasted about their latest catch, printers gathered the news, and public auctioneers sold a variety of merchandise—as well as slaves. Revolutionary War pamphleteer Thomas Paine, boarding next door, was offended by the view of slave auctions from his window.

Bar Grill sign in front of the building on southwest corner of Front and Market Streets.

Philadelphia’s businessmen formally established the Philadelphia Stock Exchange at the London Coffee House in 1790, preceding the New York Stock Exchange by two years. But seeing the need for more substantial accommodations, they soon moved to City Tavern (aka Merchants’ Coffee House) a few blocks away.

The London Coffee House became a general store in 1791 and then a tobacco shop and cigar manufactory. The building gave way in 1883 to the handsome five-story edifice that now stands at 100 Market Street. This was later home to the four-story Franklin Trust Company around 1900; the firm’s main office was on the southwest corner of 15th and Chestnut Streets. A small sign posted in front noted that site’s distinct colonial heritage.

The Franklin Trust Company, from Philadelphia Then and Now: 60 Sites Photographed in the Past and Present (1988), by Kenneth Finkel, at 12.

The Franklin Trust Company operated there for a number of years, but as the neighborhood declined in the 20th century, so did the firm’s business. The building later became a bar and grill, yet that establishment soon failed, and the place has been vacant for some thirty years.

No word on whether the new restaurant will retain the famous Bar Grill sign. More critically, can it reignite this long-floundering corner?

 

About the author

Harry Kyriakodis, author of Philadelphia's Lost Waterfront (2011), Northern Liberties: The Story of a Philadelphia River Ward (2012), and The Benjamin Franklin Parkway (2014), regularly gives walking tours and presentations on unique yet unappreciated parts of the city. A founding/certified member of the Association of Philadelphia Tour Guides, he is a graduate of La Salle University and Temple University School of Law, and was once an officer in the U.S. Army Field Artillery. He has collected what is likely the largest private collection of books about the City of Brotherly Love: over 2700 titles new and old.

Send a message!



Leave a Reply

Comment moderation is enabled, no need to resubmit any comments posted.

Recent Posts
From <em>Click</em> To Clink: A History Of Mug Shots In The Quaker City

From Click To Clink: A History Of Mug Shots In The Quaker City

September 20, 2018  |  Harry K's Encyclopedia

Harry K. gives us the backstory of Philadelphia's Rogues' Gallery, which has been tracking criminals in photographic form since the 1860s > more

Unlisted Philadelphia: Automobile Row

Unlisted Philadelphia: Automobile Row

September 18, 2018  |  Unlisted Philadelphia

Ben Leech spotlights unique and significant buildings not listed on the Philadelphia Register of Historic Places with his architectural illustration series, Unlisted Philadelphia. In this installment, he puts the pedal to the metal on Automobile Row > more

Abandoned Navy Hangar Prepares For Final Battle

Abandoned Navy Hangar Prepares For Final Battle

September 14, 2018  |  Last Light

A demolition study for the Mustin Field Seaplane Hangar at the Navy Yard puts a structural engineering landmark on notice. Michael Bixler takes us inside > more

Twitter Bot Reveals Revenue Loss From Tax Abatement

Twitter Bot Reveals Revenue Loss From Tax Abatement

September 13, 2018  |  News

Starr Herr-Cardillo catches up with the software engineer behind Philly Tax Abatements, a new Twitter account that aggregates the cost of City money lost to the 10-year tax abatement > more

Harvey Finkle: Photographer Seeks Justice For The Other

Harvey Finkle: Photographer Seeks Justice For The Other

September 10, 2018  |  Walk the Walk

New photography exhibition explores South Philly's Jewish communities and the city's transitioning immigrant populations. Joe Brin has the story > more

New Book Gives Insight Into Uncovering Philly History

New Book Gives Insight Into Uncovering Philly History

September 6, 2018  |  Vantage

Mickey Herr sits down with author and Philly historian extraordinaire Kenneth Finkel to discuss his new book, "Insight Philadelphia" > more