Philadelphia Bourse
{{Short description|Commodities exchange in Philadelphia, Pennsylvania, US}}
{{Use mdy dates|date=February 2025}}
{{Use American English|date=January 2025}}
__NOTOC__
{{Infobox building
|name = Philadelphia Bourse Building
|image = Philadelphia Bourse, Philadelphia, PA.JPG
|image_size = 300px
|caption = (2014)
|map_type = Philadelphia
|map_alt =
|map_caption = Location within Philadelphia
|location = 13 South 5th Street
Philadelphia, Pennsylvania
|coordinates = {{coord|39|56|59|N|75|8|54|W|display=inline,title}}
|start_date = 1893
|completion_date = 1895
|opening =
|building_type =
|roof = {{convert|125|ft}}
|top_floor =
|floor_count = 9
|elevator_count =
|cost =
|floor_area = {{convert|280,000|sqft}}
|structural_engineer=
|main_contractor =
|developer =
|owner = MRP Realty
|architect = 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.{{cite web|url=http://www.ushistory.org/tour/tour_bourse.htm|title=Redirection of: The Bourse|website=www.ushistory.org}} 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). In 2016, MRP Realty took ownership of the building and spent $40 million renovating it.{{cite web|url=https://www.inquirer.com/philly/business/real_estate/commercial/20160202_D_C__firm_buys_controlling_stake_in_the_Bourse__plans__40M_renovation.html|title=D.C. firm buys controlling stake in the Bourse, plans $40M renovation|first=Jacob |last=Adelman |website=www.inquirer.com}} 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.{{cite web |url=http://www.independence-portfolio.com/ |title=Home |website=independence-portfolio.com}} 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.{{cite web |url=http://www.phillychitchat.com/2017/10/charm.html |title=The Bourse Marketplace Retains It's Charm as it Renovates It's Food Hall |website=www.phillychitchat.com |url-status=dead |archive-url=https://web.archive.org/web/20180620182547/http://www.phillychitchat.com/2017/10/charm.html |archive-date=2018-06-20}}
History
File:Philadelphia Bourse 1892.jpg
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."{{cite web|url=http://www.philadelphiabuildings.org/pab/app/pj_display.cfm/112434|title=Philadelphia Bourse|work=philadelphiabuildings.org |accessdate=29 May 2015}}
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.{{Cite web|url=https://philadelphia.cbslocal.com/2018/09/21/historic-bourse-building-to-reopen-after-year-and-a-half/|title=Historic Bourse Building To Reopen After Year-And-A-Half|date=2018-09-21|language=en-US|access-date=2019-08-30}}
The building is listed on the National Register of Historic Places.{{cite web|url=http://www.visitphilly.com/shopping/philadelphia/the-bourse/|title=Visit Philadelphia: The Shops at The Bourse|website=VISITPHILLY.COM|publisher=visitphilly.com (The official visitor site for greater Philadelphia)|access-date=3 April 2017}}
Today
File:The Bourse Food Hall (53587019465).jpg
After a two-year rehabilitation, The Bourse reopened as a modern food hall with 30 vendors in November, 2018. 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.{{cite web |url=https://phillygrub.blog/2024/06/26/grubhouse-bourse-closing/ |title=Grubhouse Closing as The Bourse Food Hall is Sold|website=phillygrub.blog}}
= Tenants =
- Diversified Lighting
- MakeOffices{{Cite web|url=https://makeoffices.com/blog/announcing-makeoffices-bourse-philadelphia-coworking-space/|title=The Bourse Building Coworking Space in Philadelphia {{!}} MakeOffices|date=2018-08-01|website=Make Offices|language=en-US|access-date=2019-08-30}}
- Mexican Consulate
- Piano
- Society Hill Dental
- Jasonxpan
- Allen & Gerritsen{{cite web |url=https://www.a-g.com/ |title=Home |website=a-g.com}}
See also
- {{portal-inline|Philadelphia}}
References
;Notes
{{reflist|refs=
{{Citation |last=Kostelni |first=Natalie |publication-date=May 4, 2012 |title=Historic-area offices take hits |periodical=Philadelphia Business Journal |at=bizjournals.com |accessdate=May 16, 2012 |url=http://www.bizjournals.com/philadelphia/print-edition/2012/05/04/historic-area-offices-take-hits.html }}
}}
External links
{{commons category-inline}}
- [http://theboursephilly.com/ Official Site] for The Bourse Food Hall
- [http://the-bourse.com/ Official Site] for The Bourse (whole building)
- [http://independence-portfolio.com/ Official site] for The Independence Portfolio (three building collection that includes The Bourse)
- [http://merchantview360.com/portfolio/bourse-philadelphia-pa-food-court/ Virtual tour] of the Bourse Food Hall
- {{HABS |survey=PA-1456 |id=pa1053 |title=Philadelphia Bourse, 11–21 South Fifth Street, Philadelphia, Philadelphia County, PA |photos=7 |cap=1}}
Category:Organizations established in 1891
Category:1960s disestablishments in the United States
Category:Commercial buildings completed in 1895
Category:Buildings and structures in Philadelphia
Category:Historic American Buildings Survey in Philadelphia
Category:Beaux-Arts architecture in Pennsylvania