Newly renovated historic Bourse building will soon reopen as world-class food hall

Businesses will be open to the public in as soon as 45 days.

Steve Tawa
July 03, 2018 - 3:23 pm
Renovations to The Bourse building will soon be made to the public as a world-class food hall called Bourse Marketplace.

Steve Tawa | KYW Newsradio

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PHILADELPHIA (KYW Newsradio) — A day before the big Fourth of July events in the birthplace of liberty, the city held a block party in front of The Bourse, just across the street from the Liberty Bell. 

The festivities set the tone for the building to reopen this summer as a world-class food hall called Bourse Marketplace.

The Bourse — smack dab in the middle of what is described as America's most historic square mile — is expecting quite a bit of foot traffic, according to MRP Realty Managing Director Charley McGrath.

"There's about 5 million people that visit the Liberty Bell, when 1.5 million visit the Statue of Liberty," he noted.

Completed in 1895, The Bourse was the first commodities exchange in the U.S. Its Beaux-Arts architectural style is heavily ornamented, elements common during the 19th century in Paris. McGrath said the building has great bones.

"When I walked through this building, it looked like a beautiful old relic that was somewhat forgotten," he said.

Renovations to The Bourse building will soon be made to the public as a world-class food hall called Bourse Marketplace.
Steve Tawa | KYW Newsradio

The new owners intend to convert it into a food artisan marketplace — similar to places like San Francisco's Ferry Building, New York's Chelsea Market or Washington, D.C.'s Union Market — for both office workers and tourists.

Retail consultant Mike Morris, principal of retail company canadev, said the 24,000-square-foot food court on the ground floor will include 29 vendors, each of which executes a different concept.

"We have a cheesesteak vendor, a great pizza operator, but we also have more nontraditional things," he said, like a vendor that produces "a Korean taco concept."

They should be up and operating within 45 to 60 days. Full-service restaurants in each of the four corners of the building will soon be added. 

The $40 million renovation also includes new commercial office and co-working space on the upper floors.