New Market West

Philadelphia,
PA
(2018)

New Market West

Adult Education, Behavioral Health, College or Vocational Training, Community, Daycare and Early Childhood, FQHCs, Healthcare, HFFI, Homeless Services, Housing, Mixed-use, Retail, Youth and Families

New Market West is a four story, LEED certified 135,700 sq. ft. commercial building that creates a hub for retail and community services near the 60th and Market Street El stop in West Philadelphia on a 1.5-acre vacant site.

Investment

NMTC Amount: $29,750,000
Total Project Cost: $50,515,935

IMPACT

355 FTE jobs
61 construction jobs
Project includes a Federally Qualified Health Center.
135,700 sq. ft. of real estate

CDEs

Cinnaire New Markets, Commonwealth Cornerstone Group, PIDC Community Capital, PNC

Investor

PNC

Project Description

New Market West is a four story, LEED certified 135,700 sq. ft. commercial building (including a 42,800 sq. ft. subsurface parking garage) that creates a hub for retail and community services near the 60th and Market Street El stop in West Philadelphia on a 1.5-acre vacant site. New Market West brought high quality early childhood education, support for previously homeless single parent families, offices of a large behavioral health provider, and community-serving retail to a transit-accessible location together with affordable rental housing (in Phase 2 – not funded with this allocation) in neighborhood deeply in need of these services.

MAP

Address: 5901 Market Street, Philadelphia, PA 19131

Census Tract: 42101008302

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