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
City Council To Vote On Ridge Avenue Demo Moratorium

City Council To Vote On Ridge Avenue Demo Moratorium

December 13, 2017  |  News

A bill to place a temporary hold on demolition applications for 300+ historic properties along Ridge Avenue goes before City Council tomorrow. Michael Bixler has the details > more

The Marvelous Multiple Occupations Of The Midtown II

The Marvelous Multiple Occupations Of The Midtown II

December 11, 2017  |  The Shadow Knows

Last June, one of Center City's last classic diners, Midtown II at 11th and Sansom, closed its lunch counter for good. The high-profile property is now under development, although plans for the space remain elusive. The Shadow takes us behind the façade to reveal a lively list of tenants and a colorful history of reuse > more

Secrets! Romance! Scandal! The Hush-Hush Love Of Philly's Paint King And His Irish Lass

Secrets! Romance! Scandal! The Hush-Hush Love Of Philly’s Paint King And His Irish Lass

December 8, 2017  |  Harry K's Encyclopedia

Harry K. takes us to Old City where the flames of a secret affair scorched newspaper headlines in the early 1900s > more

Marc Lamont Hill Energizes Germantown Ave With New Bookstore Cafe

Marc Lamont Hill Energizes Germantown Ave With New Bookstore Cafe

December 6, 2017  |  Vantage

Academic, activist, and political commentator Marc Lamont Hill carries the tradition of the Black-owned bookstore into the 21st century with Uncle Bobbie’s Coffee and Books. John Henry Scott has the details > more

Give $$$, Get a Cool Perk: 2017 Campaign

Give $$$, Get a Cool Perk: 2017 Campaign

December 4, 2017  |  Vantage

Hidden City's annual fund drive is in full swing on Generosity and we've got a brand new batch of perks celebrating Philadelphia available. Here's a look at this year's killer lineup > more

Three Historic Designation Removals Call Procedure Into Question

Three Historic Designation Removals Call Procedure Into Question

November 30, 2017  |  Vantage

Three historic properties on the Philadelphia Register of Historic Places were abruptly stripped of legal protection last week. Contributor Starr Herr-Cardillo unpacks the details of each situation > more