Established on Lombard Street in 1745 by mayor
Edward Shippen and
Joseph Wharton, a wealthy merchant, and named "New Market" to distinguish it from the established market on High (now Market) Street, the market was used well into the 19th century. It originally consisted of sixteen stalls The Head House, a
Georgian-style brick firehouse with
Federal-style ornamentation, was built at the north end of the market; the building's cupola once housed a firebell. The Head House has also undergone restoration. The site was declared a
National Historic Landmark on November 13, 1966. It is a
contributing property of the
Head House Square National Historic District. It was restored in 1994 by the Head House Conservancy, a non-profit organization. In 1975, a modern steel-and-glass retail and restaurant complex called
NewMarket opened east of the historic market between Pine and Lombard Streets. The center struggled to attract customers and was essentially vacant by 1988. An early 1990s revival as a cabaret entertainment district was short-lived. The complex was demolished in 2002 and its site was subsequently redeveloped. ==Head House Square==