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Philadelphia, PA (2018)

New Market West

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

Investor

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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