PHILADELPHIA—The developer behind the $500-million East Market mixed-use project at Girard Square in Center City says that demolition work to begin the development will start this summer.

The first phase of the project, estimated at approximately $230 million and totaling 650,000 square feet, will be built on a 4.3-acre site that takes up a city block bounded by Market, Chestnut, 11th and 12th streets. The building fronting Market Street will be torn down.

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