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.” 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.

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