I feel like it’s been years since we first heard about the Ponce City Market development. I decided to swing by one hot July afternoon and take a current look into Ponce City Market. There are continual promises that the food hall will be opening this Fall of 2015. And, by the looks of how the retail spaces are coming together, I think it might just happen.
Already, there are a few stores currently open. West Elm, Anthropologie, a designer hat store (Goorin Bros), and a Michael Stars fashion boutique. Don’t forget Dancing Goats Coffee and Binders are open, which have been the first few shops to open but not in the main “hub” of PCM. View all stores coming soon to Ponce City Market here.
The food hall is probably the most exciting highlight that has been getting talked about. A lot of interesting restaurant concepts will be opening up. I think this will give the Krog Street Market food vendors a run for their money. View restaurants coming soon to Ponce City Market here.
A few companies have already moved their offices into the building including MailChimp, AthenaHealth, and more. Plus, there are modern apartments for lease but just beware, the rental prices are fairly high. A studio apartment (think 500 sq ft) can start anywhere from $1550/month up to $1650/month. One bedrooms can range from $1500-2600/month and the prices increase from there for a 2 or 3 bedroom flat. (See full rates and room descriptions here)
As I take a current look into Ponce City Market, I have put together a little pro’s & con’s list of the impacts this development will have (these are solely my opinion):
The Pro’s I see in Ponce City Market –
Great casual food options
A fun shopping destination right off of the beltline
Overall improvement in the surrounding areas
Surrounding home values have and will continue to increase (good for sellers)
The Con’s I see in Ponce City Market –
Traffic will be horrible along Ponce
Rental rates in surrounding areas will be driven up (I’ve heard of such cases already!)
Home values will continue to rise (bad for buyers)