Wanamaker Building: A Philly Landmark Bids Farewell to Macy's and Welcomes Redevelopment Plans
Wanamaker Building's Macy's Department Store Shutting Down in Downtown Philadelphia This Weekend
Get ready to bid adieu to the iconic Macy's store in the Wanamaker Building, located in the heart of Philadelphia at 13th and Market Street. But don't fret, as the building's future unveils an exciting transformation!
The Goodbye Concert and Closure
Macy's drew the curtains on its time in the Wanamaker Building on March 23, 2025, following a heartfelt farewell concert serenaded by the legendary Wanamaker Organ. The building has been closed to the public since its historic tenant departed.
Preserving the Icons of the Wanamaker Building
Fear not, dear Philly fans, for the beloved Wanamaker Organ and the iconic bronze eagle statue will remain at their revered home, as both city officials and the new property owner, NY-based TF Cornerstone, have pledged to preserve the landmark's heritage.
A New Lease of Life for the Wanamaker Building
TF Cornerstone has ambitious plans for the Macy's space, intending to convert the upper floors into loft apartments and other innovative uses, contributing to the revitalization of the Market East area. This project is part of a broader community effort to breathe new life into the neighborhood, potentially incorporating mixed-use developments and other projects designed to increase the area's appeal.
Civic Plans for the Market East Area
In addition to the Wanamaker Building's redevelopment, city officials are working on a master plan for the Market East area, aiming to collaborate with local stakeholders and set realistic, achievable goals. This process includes preparing for the 250th anniversary celebrations of the U.S. in 2026 and strategic planning for the area's long-term growth.
The Challenges Ahead
Bringing the Wanamaker Building back to life won't be without its obstacles. Transforming the historic building into residential space offers logistical challenges due to its scale and historical significance. Moreover, successful redevelopment relies on effective collaboration among city officials, property owners, and other stakeholders to capitalize on the area's potential.
A Brighter Future for a Philadelphia Icon
Though the future of the Wanamaker Building is uncertain, one thing is for sure: there's a strong commitment to preserving its traditional charm while creatively reimagining its purpose in a way that enriches Philadelphia's social and commercial fabric.
References
- The End of Macy's Closes the Chapter on the Wanamaker Building. A Look Back at a Philly Landmark
- Historic Organ Staying Inside Wanamaker Building, New York Firm Says
- Forbes
- The Downtown Flagship Store Downturn
- Twice as Many Stores in the U.S. Are Expected to Close in 2025
- The Macy's store situated in the Wanamaker Building, a Philadelphia landmark, is shuttering, a part of the national trend of Macy's store closures as seen on Forbes and Robin Report.
- The LinkedIn profile of the new property owner, NY-based TF Cornerstone, reveals ambitious plans for the vacated Macy's store in the Wanamaker Building, such as converting upper floors into loft apartments and other innovative uses.
- In the Philadelphia LinkedIn community, there is a lively discussion about the redevelopment plans for the Wanamaker Building, with citizens expressing their excitement about the potential name change of the Philly icon, inspired by the new format planned for the historic building.
