LINCOLN SQUARE OPENS IN SOUTH PHILADELPHIA

PIDC recently celebrated the grand opening of Lincoln Square – a transformative mixed-use development featuring the adaptive reuse of the historic Philadelphia, Wilmington & Baltimore train shed. Situated on the NW corner of Broad & Washington Streets, the site is where Abraham Lincoln’s funeral train arrived prior to a circuitous procession up South Broad Street culminating in an Independence Hall memorial service that followed the president’s assassination in 1865. The Lincoln Square development officially opened this year on September 12 with a ribbon cutting ceremony.

Lincoln Square is home to 100,000 square feet of retail, including Target, Fine Wine & Good Spirits, Starbucks, Sprint, Chipotle, Insomnia Cookies, Petsmart, and Sprouts Farmers Market. It also features 322 apartment units, over 400 parking spaces, and the pedestrian-friendly Lincoln Walk – a new gathering space for residents and community members.  Lincoln Square will offer convenient shopping to neighbors in both Center City, South Philadelphia, and the other proximate neighborhoods south of Washington Avenue. And with new retail space comes more job opportunities, which is sure to be a plus for the growing neighborhood. The project will also help to create a southern anchor for Philadelphia’s fast developing Avenue of the Arts.

PIDC had a long history with the site starting with a 1998 purchase from the U.S. Army and culminating in a sale to the Lincoln Square development team in 2017. In addition to the property sale, PIDC also served as a conduit for $1 million grant from the Commonwealth of Pennsylvania’s Industrial Sites Reuse Program. This large project is the product of a collaborative redevelopment team, including Kimco Realty, Alterra Property Group, and MIS Capital.

The site, which broke ground in late 2016, already has over 100 residents, Petsmart and Sprouts are open for business, and full project completion is scheduled for late 2018.

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Construction on the train shed, the site where Abraham Lincoln’s funeral train arrived prior to his memorial service.




Ribbon cutting at Lincoln Square’s grand opening.




Sprouts Farmers Market’s first store in Philadelphia.