PRESS RELEASES

East Market Announces Federal Donuts as Newest Tenant

May 14, 2018

Philadelphia (May 14, 2018) – Today, National Real Estate Development, LLC (“National Development”) announced that Federal Donuts, the famed Philadelphia donut, coffee and fried chicken shop, has leased 1,180 square feet at its East Market project, owned by National Real Estate Advisors, LLC, JOSS Realty Partners, Young Capital LLC and SSH Real Estate. East Market will be the seventh city location for Federal Donuts, which is owned by James Beard Award-winning restaurateurs, Chef Michael Solomonov and Steven Cook of CookNSolo Restaurant Partners, along with Managing Partner Tom Henneman, Felicia D’Ambrosio and Bob Logue. The restaurant is expected to open in fall 2019.

“Federal Donuts is loved by Philadelphians, and we’re proud to have such a celebrated brand join our project,” said Daniel Killinger, Managing Director, National Development. “Our vision has always been to create a dynamic neighborhood at East Market that combines national brands and local favorites as part of the many opportunities offered to live, work, shop and dine. With retail beginning to come online and the opening of The Ludlow, we have no doubt that a ‘Hot Fresh’ Federal donut or a tasty fried chicken sandwich will be the perfect complement to any one of those activities.”

The East Market project, encompassing the full city block from Market to Chestnut and 11th to 12th Streets, will offer shopping and dining options with sophisticated apartments and contemporary workspaces designed by BLT Architects and Morris Adjmi Architects respectively. Federal Donuts joins the growing list of tenants at East Market including MOM’s Organic Market, Wawa, Iron Hill Brewery & Restaurant, Little Baby’s Ice Cream, District Taco, City Fitness, TJ Maxx, AT&T, Design Center Philadelphia and architecture firm Bohlin Cywinski Jackson. The Ludlow, East Market’s first residential building, offers 322 units, is open for leasing, and move-ins began last month. An additional 240 apartment units will become available at 1199 Ludlow Street, with 60 operated by high design extended stay concept ROOST Apartment Hotel set to open in late summer 2018.

“Federal Donuts is a homegrown brand built on the strength of Philadelphia,” said Federal Donuts partner Steven Cook. “We couldn’t be more excited to take part in the revival of East Market as one the city’s great neighborhoods.”

Federal Donuts, the world’s first fried chicken and donut shop, opened its first storefront in 2011 to enthusiastic crowds. Donuts are either “Hot Fresh” out of a donut robot fryer, tossed in house blended sugars and served hot; or “Fancy”, with a rotating selection of imaginative and delicious glazes which cover cake donuts made fresh each morning. Federal Donuts’ twice-fried super crispy chicken is offered coated in dry seasonings, savory glazes, or naked. In addition, Federal Donuts serves up its Philly favorite Chicken Sandwich, a twice-fried boneless chicken breast dusted in house ranch seasoning, a slice of old-fashioned American cheese, dill pickle, and the shop’s not-so-secret recipe for “Spicy Rooster Sauce” all on a Martin’s Potato Roll.

About East Market
East Market, a pedestrian-oriented development in the heart of Philadelphia, is revitalizing an entire city block, from Market to Chestnut, 11th to 12thStreets. This mixed-used project blends urban and artisanal shopping and dining experiences with contemporary work and living spaces. The project is owned by National Real Estate Advisors, LLC, a leading investment manager specializing in build-to-core, developing and owning large-scale, urban commercial and multifamily projects for its institutional client accounts; Joss Realty Partners, a New York-based private real estate investment firm; Young Capital LLC, a Philadelphia-based real estate investment firm affiliated with Classic Management, Inc.; and SSH Real Estate, one of the largest privately held commercial real estate companies in the Greater Philadelphia Region. East Market is being developed by National Development, the full-service arm of National Real Estate Advisors. For more information, please visit www.eastmarket.com or email eastmarket@natrealestatedevelopment.com.

About Federal Donuts
Restaurateurs Steven Cook and Chef Michael Solomonov of CookNSolo Restaurants (Zahav, Dizengoff, Abe Fisher and Goldie), Managing Partner Tom Henneman, Felicia D’Ambrosio and Bob Logue, opened Philadelphia’s first Federal Donuts in October of 2011. The crowds came for donuts first, served either Fancy (glazed and decorated each morning) or Hot Fresh (fried to order and tossed in flavored sugars). At 11 am, the Korean-style fried chicken rolls out. The super-crispy, twice-fried birds are coated in either dry seasonings or glazes.

Federal Donuts quickly earned notice from press, including The New York Times restaurant critic Pete Wells, who called the cake donuts “world-class.” Federal Donuts has appeared on ABC’s The Chew and Good Morning America, Travel Channel’s Bizarre Foods with Andrew Zimmern, and CBS This Morning. Print accolades include The New York Times, Philadelphia Inquirer, USA Today, Bon Appetit and Saveur, which selected the Spicy PB&J donut as one of the Top 50 Donuts in America.

What’s more: in January of 2017, Federal Donuts expanded it’s imaginatively delicious impact on Philadelphia’s food scene when they opened Rooster Soup Co., a diner-style luncheonette that donates 100% of its profits to Broad Street Hospitality Collaborative in Philadelphia. The Hospitality Collaborative provides meals and essential services to those experiencing homelessness and food insecurity in Philadelphia. Rooster Soup’s diner-inspired menu is made from the backs and bones of Federal Donuts’ chickens – over 700 each week – which transforms food waste into a sustainable funding source of profits flowing directly to Philadelphia’s most vulnerable citizens.

To learn more about one of Federal Donuts’ six locations in Philadelphia (1219 S. Second Street; 1632 Sansom Street; 3428 Sansom Street; 701 N. Seventh Street), 2101 Pennsylvania Ave inside Whole Foods Market Center City, and the seasonal concession at Citizens Bank Park, visit us at federaldonuts.com.

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