Exciting changes are coming to the Italian Market in Philadelphia, with plans underway for a vibrant new retail complex at the southeastern corner of Ninth Street and Washington Avenue. This shift marks a departure from earlier proposals that included residential development for the site.

What’s in Store for the Italian Market?

According to a brochure from real estate consultancy MSC, the new project will feature over 23,500 square feet of retail space complemented by a 2,500-square-foot covered pavilion and an outdoor deck. This development will be the first ground-up retail construction in the Italian Market in decades, promising to bring new energy to this iconic area.

“First ground-up, new construction retail development in the heart of The Italian Market in over a generation,” the brochure highlights. This modern addition is set to enhance the neighborhood’s offerings with outdoor dining options and a communal gathering space—a feature currently absent south of Washington Avenue.

From Apartments to Retail: A Strategic Pivot

The property, owned by New York-based Midwood Investment & Development, was originally slated for a residential apartment building. Since 2015, the developer had envisioned adding housing to the historic neighborhood. However, the latest plans prioritize retail and communal spaces over additional residential capacity, a move that aligns with the growing demand for dynamic commercial hubs and public gathering areas.

Why This Matters for the Community

The Italian Market is a beloved cultural and commercial landmark in Philadelphia, and this development aims to preserve and enhance its character. By introducing new retail opportunities and outdoor spaces, the project is expected to attract more visitors, bolster local businesses, and offer a fresh destination for residents and tourists alike.

Stay Updated

Keep an eye on our blog for updates on this exciting project. Whether you’re a business owner, a local resident, or a visitor, this new development in the Italian Market is sure to make an impact on the community.

Sources: Philadelphia Inquirer, December 3, 2024