After Trade, Bourse Business Model To Tempt Techies

 

Rendering of planned renovations to the Bourse building's ground floor | BLT Architects

Rendering of planned renovations to the Bourse building’s ground floor | Rendering: BLT Architects

  • Earlier this week D.C.-based MRP Realty secured a majority stake in a package of properties on Independence Mall, namely the Bourse, along with the Public Ledger and Dow buildings. A $40 million renovation has been announced for the Bourse, one which aims to address the admittedly difficult task of juggling high-end ground floor retail and the constant foot traffic of tourists. The Inquirer‘s Jacob Adelman reports, “Upstairs the building’s offices will be redone with open floor plans, higher ceilings, and exposed brickwork, to appeal to tech companies and other creative users.”Technical.ly Philly cues us into a real estate model trending along the East Coast. Faith in the tech scene has, directly or indirectly, been doing much to displace some of a downtown least sexy enterprises, e.g. the Bourse’s “suburban mall-esque food court and tacky souvenir shops.”
  • City Council President Darrell L. Clarke shares some of his and his constituents’ concerns for Temple University’s plan to construct a $100 million football stadium at North Broad & Norris Streets. To proceed to the “red zone,” reports Susan Snyder of the Daily News, Temple needs to reasonably prove the long-term economic benefits of the 35,000-seat stadium. And any campaign for community support will not succeed by simply addressing the stadium’s attendant problems of noise, trash, and parking, argues Lauren Hitt, Mayor Kenney’s spokeswoman. Some component of a truly collaborative and progressive nature is needed.
  • Mt. Airy USA invites all to the official launch party for its Philadelphia Immigrant Innovation Hub at 6700 Germantown Avenue, where, since November, a score of immigrants have received a primer in the basics of running a business, as well as ancillary concerns like establishing good credit and polishing their English. Humanitarianism aside, the Hub’s organizers are also mindful of the fact that many of these transplanted entrepreneurs of tomorrow will eventually look for brick-and-mortar retail spaces. Mt. Airy, naturally, will be on their shortlist.
About the author

Stephen Currall recently received his BA in history from Arcadia University. Before beginning doctoral studies, he is pursuing his interest in local history, specifically just how Philadelphians engage their vibrant past. Besides skimming through 18th century letters, Steve is also interested in music and travel.

Send a message!



Leave a Reply

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

Recent Posts
Docomomo PHL To Host

Docomomo PHL To Host “Wake” For Modernist Store

June 18, 2018  |  News

Modernist architecture advocacy group will hold a demonstration to protest Philadelphia's historic preservation crisis. Michael Bixler has the details > more

The Rise, Fall, & Revival Of North Broad's Opera Palace

The Rise, Fall, & Revival Of North Broad’s Opera Palace

June 14, 2018  |  Vantage

Rob McClung takes us on a journey through the turbulent history and present reawakening of the mighty Metropolitan Opera House at Broad and Poplar > more

A Brief History Of Race & Contested Space In West Philly

A Brief History Of Race & Contested Space In West Philly

June 11, 2018  |  Vantage

Mariam Williams dives deep into the social evolution of Malcolm X Park to unearth the history of race and economics within a neighborhood space > more

Italian Market Project Puts Fresh Eyes On A Philly Staple

Italian Market Project Puts Fresh Eyes On A Philly Staple

June 8, 2018  |  Vantage

The Italian Market Project mixes a walking tour with Philly-accented theater in a fun, immersive experience. Mickey Herr has the details > more

Taking History To The Streets With Preservation Activism

Taking History To The Streets With Preservation Activism

June 6, 2018  |  Soapbox

Ali Roseberry-Polier discusses civil rights history, selective public memory, and why she created an historical marker for a Black female activist who challenged segregation in 19th century Philadelphia > more

A Buzzy New Beginning For Poth Brewing Company

A Buzzy New Beginning For Poth Brewing Company

June 4, 2018  |  Last Light

Before renovations begin, Michael Bixler takes us inside the remains of Poth Brewing Company with this photo essay > more