Philadelphia Bourse

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Philadelphia Bourse Building
Philadelphia Bourse, Philadelphia, PA.JPG
(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; -75.14833Coordinates: 39°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
ArchitectG. 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. After the building was sold in 1979 to Kaiserman Company and underwent a subsequent renovation, making the internal area was approximately 286,000 square feet.[2]. In 2016, MRP Realty took ownership of the building and spent $40 million renovating it.[3] The building is home to nine floors of office space which includes a Mexican Consulate. There is also a food court on the first floor which opened on 15 November 2018.[4]

History[edit]

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."[5]

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.

As of 2017, the Bourse is touted as "one of Philadelphia’s leading commercial complexes, home to 24 retail and food service stores and more than 50 businesses."[6]

The building is listed on the National Register of Historic Places.[6]

See also[edit]

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. ^ Writer, By Jacob Adelman, Staff. "D.C. firm buys controlling stake in the Bourse, plans $40M renovation". https://www.inquirer.com. External link in |website= (help)
  4. ^ http://www.phillychitchat.com/2017/10/charm.html
  5. ^ "Philadelphia Bourse". philadelphiabuildings.org. Retrieved 29 May 2015.
  6. ^ a b "Visit Philadelphia: The Shops at The Bourse". VISITPHILLY.COM. visitphilly.com (The official visitor site for greater Philadelphia). Retrieved 3 April 2017.

External links[edit]

Media related to Philadelphia Bourse at Wikimedia Commons