East Market Philadelphia Wins Prestigious “Mixed-Use TOBY,” Grand TOBY, and Best of the Best Awards from BOMA Philadelphia

East Market Philadelphia is proud to announce its success at the 2024 Building Owners and Managers Association (BOMA) Philadelphia Awards, winning five major awards, including the highly sought-after Mixed-Use TOBY (The Outstanding Building of the Year) and the prestigious Grand TOBY. Additionally, East Market received Best of the Best awards for Holiday Décor, Curb Appeal, and Tenant Amenities, reflecting its commitment to fostering a vibrant and welcoming environment.

These accolades underscore East Market’s excellence in urban design, property management, and community engagement, solidifying its status as a landmark destination in Center City Philadelphia.

Mixed-Use TOBY Award

East Market earned the Mixed-Use TOBY award for its innovative integration of residential, retail, and office spaces. With a harmonious blend of luxury apartments, modern office suites, and curated retail and dining options, East Market is redefining urban living in Philadelphia. Its seamless design and thoughtful planning set a benchmark for mixed-use developments nationwide.

The Grand TOBY Award

In a crowning achievement, East Market was honored with The Grand TOBY, the highest accolade in the BOMA Philadelphia Awards. This award recognizes excellence in building operations, management, and sustainability. East Market’s outstanding property management, community impact, and commitment to sustainable practices distinguished it as this year’s top honoree.

Additional Accolades:

Beyond its top honors, East Market excelled in several categories:

• Best of the Best Holiday Décor – East Market’s festive decorations have transformed the space into a magical holiday destination, enhancing the festive spirit for visitors and residents alike.
• Best of the Best Curb Appeal – Recognized for its exceptional curb appeal, East Market features stunning landscaping, attractive exterior design, and public spaces that enhance the neighborhood’s aesthetic.
• Best of the Best Tenant Amenities – East Market was commended for its extensive high-quality amenities, including state-of-the-art fitness centers, social lounges, rooftop spaces, and tenant-focused events that foster community and well-being.

A Symbol of Urban Innovation and Community Impact

East Market’s recognition by BOMA Philadelphia highlights its transformative role in the Market East neighborhood. As a pivotal player in the area’s revitalization, East Market continues to set the standard for mixed-use projects, creating a dynamic environment where residents, tenants, and guests can thrive.

“Over a decade ago, we saw a unique opportunity in Philadelphia to create an urban development that would bring new life to Center City, east of City Hall,” said Daniel Killinger, President of National Real Estate Development. “We are grateful to BOMA for recognizing East Market and to CBRE for bringing the project to life every day. These awards validate the success of our long-term investment strategy that enabled us to make East Market a reality.”

“CBRE is honored to be part of the great success of East Market, and incredibly proud of the hard work and dedication of our onsite team supporting this spectacular project,” said Lawrence Zipf, Senior Managing Director, of Property Management. “We value National’s trust in CBRE to leverage our market presence and focus on the execution of day-to-day property management as well as creating a uniquely special place to live, work, and visit. The TOBY Awards are recognition of National’s vision and CBRE’s passion for excellence.”

 

About East Market

Situated in Philadelphia’s historic district, East Market is a vibrant mixed-use development that blends residential, retail, and commercial spaces. The project offers luxury living, modern offices, curated retail experiences, and unique dining options, fostering an energetic and walkable urban environment.

For more information about East Market and its award-winning spaces, visit www.eastmarket.com.

 

About BOMA Philadelphia

BOMA Philadelphia (Building Owners and Managers Association) is the leading organization for commercial real estate professionals, representing a diverse range of building management experts. The TOBY awards are among the industry’s most prestigious honors, celebrating excellence in building management, sustainability, and community impact.

 

About National Real Estate Development 

National Real Estate Development, LLC (National Development), is a real estate development firm focused on developing innovative, high-quality projects throughout the country. Since its inception in 2013, National Development’s direct development projects that are completed or under construction have totaled nearly 6.3 million square feet in major markets such as Philadelphia, Washington, D.C., Los Angeles, and San Francisco.

National Development specializes in multi-faceted projects across the country. With a proven track record of creating dynamic, vibrant spaces designed to foster connections, National Development’s talented professionals actively seek out unique, challenging, and forward-thinking ventures. From land acquisition to delivering the final project, the team possesses a diverse skill set and extensive expertise, which we believe ensures the highest standards in quality and design. National Development has expertise developing across all major real estate asset classes, including mixed-use, apartments, traditional and medical offices, and retail.

Notable projects include East Market in Philadelphia, The Stacks in Washington, D.C., and The Bloc in Los Angeles. National Development is the wholly owned, full-service development subsidiary of National Real Estate Advisors, LLC. To learn more, visit www.natrealestatedevelopment.com.

 

About CBRE Group, Inc. 

CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services, and development services. Please visit our website at www.cbre.com.