Amazon.com Inc. has signed a lease for one of its new grocery stores in the Northern Liberties neighborhood of Philadelphia, according to sources familiar with the deal.
The online retailer has taken 40,000 square feet of 60,000 square feet that is proposed for a new apartment complex at 5th and Spring Garden streets, the sources says. The project calls for a 13-story building with 382 apartments and underground parking with 206 spaces, according to plans filed earlier this year with Philadelphia’s Civic Design Review. The retail portion that Amazon would anchor faces 6th Street at Spring Garden, the plans show.
Officials at Amazon could not immediately be reached for comment. The project at 5th and Spring Garden would rise on a site that involved five different owners and took six months to negotiate.
In its ongoing quest to expand its grocery footprint beyond Whole Foods, Amazon has narrowed down two other locations in the Philadelphia suburbs for its new chain of stores. The two locations that Amazon (NASDAQ: AMZN) has zeroed in are in Bucks County. One deal has Amazon leasing 36,000 square feet of a 49,000-square-foot former Giant at Creekview Center off Easton Road in Warrington. Another site is 41,000 square feet of a former Kmart at the Brookwood Shopping Center on Street Road in Bensalem.
Amazon been experimenting with a grocery concept that is different from its Whole Foods chain and unlike its Amazon Go, which is more like a convenience store with no cashier and more like a traditional grocery.
*Articles Courtesy of Philadelphia Business Journals
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