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MOM's Organic Market has committed to leasing 16,000 square feet on the ground floor of the 4.3-acre, mixed-use East Market redevelopment project in downtown Philadelphia.
The East Market project aims to reopen an entire city block -- from Market to Chestnut, 11th to 12th Streets -- to pedestrian activity, provide local and global retail and dining experiences, and offer contemporary, collaborative office space in the heart of the city.
"The mission and clientele of MOM's Organic Market aligns perfectly with East Market," noted Daniel Killinger, director of development for East Market, which he said "will be a dynamic urban environment for young professionals and innovators who place value on experience and convenience. We are full-speed-ahead building an exciting development."
The store's features will include free electric car chargers, bulk foods, local and organic meats, sustainable seafood, gluten-free foods, Naked Lunch, and an all-organic vegetarian eatery. Customers will also be able to bring items like light bulbs, shoes, batteries and cell phones to the location for recycling.
The More MOM's, the Better
Describing Philadelphia as "a city with incredible energy and community," MOM's founder Scott Nash said: "We believe that the more MOM's stores there are, the better off the world will be. ... [W]e know of no other retail chain that is as environmentally responsible as we are. We have one purpose: to protect and restore the environment. Through our actions and leading by example, the more stores we have, the more we can accomplish our purpose."
The first phase of the project, encompassing 34 S. 11th Street and additional buildings along Market Street, is slated to open in spring 2016 with 160,000 square feet of office space, 322 modern residential units, and 130,000 square feet of retail and restaurant space.
Rockville, Md.-based MOM's operates a total of 12 stores: 11 in Maryland, Virginia and Washington, D.C., and its first Pennsylvania store, which opened last February in Bryn Mawr.
The East Market project is owned by National Real Estate Advisors LLC, a subsidiary of the National Electrical Benefit Fund; Joss Realty Partners, a private real estate investment firm; Young Capital LLC, a Philadelphia-based real estate investment firm affiliated with Classic Management Inc.; and SSH Real Estate, one of the largest privately held commercial real estate companies in the greater Philadelphia region. East Market is being developed by National Real Estate Development LLC.