Saturday, December 20, 2014

What's to become of Front and Market?

The building at 100 Market St. has a new owner, though his plans are indefinite.

What's to become of Front and Market?

100 Market St., on the Market Street side.
100 Market St., on the Market Street side. MICHAEL KLEIN / Philly.com

The building at Front and Market Streets - one of the linchpins of Old City but vacant for three decades - has been sold to Internet entrepreneur Darren Hill.

Hill, a founder and CEO of Old City-based WebLinc, owns the nearby National Mechanics bar-restaurant and the new Lucha Cartel bar-restaurant.

Citing busy-ness, he says he's not quite sure what he wants to do with 100 Market St. - develop it himself or farm out the work to someone else.

The property is the site of the nation's first stock exchange (see neat backgrounder from Hidden City Philadelphia here).

A Hill company bought the building out of bankruptcy earlier this year for $1 million, records show. Two years ago, a previous owner had hoped to develop it as a bar-restaurant, but that project ran out of money.

Michael Klein Philly.com
About this blog
Michael Klein, the editor/producer of philly.com/Food, writes about the local restaurant scene in his Inquirer column "Table Talk." Have a question? Email it! See his Inquirer work here. Reach Michael at mklein@philly.com.

Michael Klein Philly.com
Latest Videos:
Also on Philly.com
Stay Connected