Patrick Reilley, senior director of asset management at National Real Estate Advisors, which owns the building, told the Philadelphia Business Journal that the brewery will emerge with “thoughtful upgrades” when it reopens.
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“Iron Hill has been a long-standing part of East Market, and we’re pleased to bring them back to the community,” said Reilley in a statement.
In mid-January, the U.S. Bankruptcy Court approved transferring the East Market lease to Iron Hill Hospitality (IHB Center City), allowing a business entity called Rightlane to assume Iron Hill’s trademarks and intellectual property. City officials expect the reopening to deliver a meaningful boost to revitalization efforts along this business corridor.