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Edison Square Project Is Ready to Rise

PHILADELPHIA-A complex public/private financing package is now in place and construction of the first phase, a shopping center, will soon begin.

By Antoinette Martin | Updated on January 04, 2013

PHILADELPHIA-Mosaic Development Partners and Orens Brothers Real Estate have completed financing for Edison Square, and will begin transformation of the former Edison High School into a community shopping center and housing development. 

The long-awaited redevelopment of the school, which has been empty and blighted for a decade, will begin with construction of the 37,000-square-foot shopping center. The $12.8-million first phase is to be anchored by a Save-A-Lot with expanded fresh produce and meat stations. Discount store Family Dollar, Burger King and Kicks will also be tenants at the shopping center. Construction is expected to take up to 18 months, according to Mosaic and Orens Brothers.

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