Markets were an important aspect of 18th century city life, just as they are today. Philadelphia’s original market was set up in the middle of High Street (renamed to Market Street) when William Penn laid out the city. The head house and roofed market stalls at Second Street, near Pine, were added as Society Hill became an important residential community in the middle of 1740s. Joseph Wharton, one of Philadelphia’s a leading merchants, and Mayor Edward Shippen played key roles in its development.
Originally, the market extended from Lombard Street to South Street with a firehouse at the far end, which was later torn down. The market was later extended to Pine Street and a new head house, also serving as a firehouse, was built in 1804.