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Philadelphia Bourse

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Coordinates: 39°56′59″N 75°8′54″W / 39.94972°N 75.14833°W / 39.94972; -75.14833
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Philadelphia Bourse Building
(2014)
Philadelphia Bourse is located in Philadelphia
Philadelphia Bourse
Location within Philadelphia
General information
Location13 South 5th Street
Philadelphia, Pennsylvania
Coordinates39°56′59″N 75°8′54″W / 39.94972°N 75.14833°W / 39.94972; -75.14833
Construction started1893
Completed1895
OwnerMRP Realty
Height
Roof125 feet (38 m)
Technical details
Floor count9
Floor area280,000 square feet (26,000 m2)
Design and construction
Architect(s)G. W. & W. D. Hewitt

The Philadelphia Bourse was a commodities exchange founded in 1891 by George E. Bartol, a grain and commodities exporter, who modeled it after the Bourse in Hamburg, Germany. The steel-framed building – one of the first to be constructed – was built from 1893 to 1895, and was designed by G. W. & W. D. Hewitt in the Beaux-Arts style.[1] Carlisle redstone, Pompeian buff brick and terra cotta were all used in the facade. The building was sold in 1979 to Kaiserman Company and underwent extensive renovations, bringing the internal usable surface to approximately 286,000 square feet (26,000 square meters).[2] In 2016, MRP Realty took ownership of the building and spent $40 million renovating it.[3] MRP Realty owns the building as part of a three-building collection named The Independence Portfolio, which also includes 325 Chestnut and 400 Market Street—both located within a block of The Bourse.[4] The building is home to nine floors of office space which includes the Mexican Consulate in Philadelphia. There is also a food hall on the first floor which opened on 15 November 2018.[5]

History

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Share of the Philadelphia Bourse, issued March 1, 1892

Upon his return from a European trip in 1890, Bartol organized the Philadelphia business community. He asked each new member to pledge $1,000 to the project. The Bourse motto was "Buy, Sell, Ship via Philadelphia."[6]

The Bourse stopped functioning as a commodities exchange in the 1960s. The structure continued to serve as an office building until 1979, when it was sold and renovated to include upscale retail space on floors near the street level. The upper levels of the building continued to house office space. A movie theater specializing in independent films, The Ritz at the Bourse, sits across the street at 4th and Ranstead streets.

In 2018, a two-year rehabilitation created a brand new food hall with 30 vendors.[7]

The building is listed on the National Register of Historic Places.[8]

Today

[edit]
Food Hall Entrance (2024)

After a two-year rehabilitation, The Bourse reopened as a modern food hall with 30 vendors in November, 2018.[7] However, the covid pandemic severely impacted these businesses and as of June 2024 all the restaurants are closed and abandoned. It has been reported a new developer is acquiring the building to turn it into a wedding venue.[9]

Tenants

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  • Diversified Lighting
  • MakeOffices[10]
  • Mexican Consulate
  • Piano
  • Society Hill Dental
  • NeuroFlow[11]
  • Jasonxpan
  • Allen & Gerritsen[12]

See also

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References

[edit]
Notes
  1. ^ "Redirection of: The Bourse". www.ushistory.org.
  2. ^ Kostelni, Natalie (May 4, 2012), "Historic-area offices take hits", Philadelphia Business Journal, bizjournals.com, retrieved May 16, 2012
  3. ^ Adelman, Jacob. "D.C. firm buys controlling stake in the Bourse, plans $40M renovation". www.inquirer.com.
  4. ^ "Home". independence-portfolio.com.
  5. ^ "The Bourse Marketplace Retains It's Charm as it Renovates It's Food Hall". www.phillychitchat.com. Archived from the original on 2018-06-20.
  6. ^ "Philadelphia Bourse". philadelphiabuildings.org. Retrieved 29 May 2015.
  7. ^ a b "Historic Bourse Building To Reopen After Year-And-A-Half". 2018-09-21. Retrieved 2019-08-30.
  8. ^ "Visit Philadelphia: The Shops at The Bourse". VISITPHILLY.COM. visitphilly.com (The official visitor site for greater Philadelphia). Retrieved 3 April 2017.
  9. ^ >"Grubhouse Closing as The Bourse Food Hall is Sold". phillygrub.blog.
  10. ^ "The Bourse Building Coworking Space in Philadelphia | MakeOffices". Make Offices. 2018-08-01. Retrieved 2019-08-30.
  11. ^ "Home". neuroflow.com.
  12. ^ "Home". a-g.com.
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