East Market Welcomes District Taco as its Newest Tenant
Philadelphia (January 4, 2018) – National Real Estate Development, LLC (“National Development”) today announced that District Taco, a leading fast-casual Mexican restaurant in the Washington, D.C. Metro area, has leased 2,956 square feet at its East Market project, owned by National Real Estate Advisors, JOSS Realty Partners, Young Capital, LLC and SSH Real Estate. District Taco is anticipated to open in summer 2018 on Market Street between 11th and 12th Streets at Chestnut Walk. District Taco will provide the emerging neighborhood with Yucatan-style Mexican food that is fresh, simple and healthy.
“We are excited to welcome District Taco as our newest tenant to East Market. District Taco joins other regionally celebrated brands that are contributing to the ongoing transformation of Market Street,” said Daniel Killinger, Managing Director, National Development. “We’re confident that District Taco will be a hugely popular destination for both Center City residents and visitors, helping to activate East Market as a dynamic urban neighborhood.”
The East Market project, encompassing the full city block from Market to Chestnut and 11th to 12th Streets, will offer shopping and dining options with sophisticated apartments and contemporary workspaces designed by BLT Architects and Morris Adjmi Architects respectively. The growing list of tenants includes MOM’s Organic Market, Wawa, Iron Hill Brewery & Restaurant, Little Baby’s Ice Cream, City Fitness, Design Center Philadelphia and architecture firm Bohlin Cywinski Jackson. The Ludlow East Market, its first residential building, offers 322 units and began pre-leasing in November. An additional 240 apartment units, with 60 operated by high design extended stay concept ROOST Apartment Hotel, will also be available in 1199 Ludlow Street.
“We started as a single taco cart with one vision. As customer demand increased, we quickly outpaced our size, started opening storefronts, and began building a smart team with shared values,” said Osiris Hoil, CEO and Co-Founder, District Taco. “The plan here in Philadelphia is the same. We will be a part of the community serving fresh, delicious food to new neighbors and friends. People love our food, so it’s exciting to now bring it to Philadelphia, a city known for its food culture.”
The Mexican restaurant chain, which began in 2009 as a food truck in Arlington, VA, specializes in serving fresh Yucatan-style cuisine daily using only the highest quality ingredients. The restaurant also offers vegetarian, vegan and gluten-free options, and strives to limit its impact on the environment by serving food in environmentally-friendly packaging where possible. This marks District Taco’s second Pennsylvania location, coming on the heels of the restaurant’s grand opening in King of Prussia. The company now employs almost 400 people and operates 12 locations throughout Washington, D.C, Virginia, Maryland, and Pennsylvania. By the end of 2018, District Taco expects to add a couple more locations in the Philadelphia area and another 100 employees to the region. The restaurant chain also plans to open additional locations in Maryland.
About District Taco
A true product of the American dream, District Taco (DT) began as a modest food truck operated by CEO and co-founder, Osiris Hoil. Years later, District Taco can now be enjoyed at multiple brick and mortar restaurants in northern Virginia, Washington, DC, Maryland, and Pennsylvania. District Taco plans to continue to expand throughout these areas and beyond. DT vows to keep preparing fresh, healthy, and homemade Yucatan style recipes while inspiring people to follow their dreams!
About East Market
East Market, a pedestrian oriented development in the heart of Philadelphia, will revitalize an entire city block, from Market to Chestnut, 11th to 12thStreets. This mixed-used project will blend urban and artisanal shopping and dining experiences with contemporary work and living spaces. The project is owned by National Real Estate Advisors, LLC, an SEC-registered asset management advisor investing in major U.S. urban markets and subsidiary of the National Electrical Benefit Fund; Joss Realty Partners, a New York-based 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. For more information, please visit www.eastmarket.com or email [email protected].