The Shops at Liberty Place, a 147,000-square-foot retail destination in Center City, has been listed for sale. The property serves as the retail component of the iconic Liberty Place mixed-use complex. Located at 1625 Chestnut Street, the two-level shopping center anchors a high-traffic urban corridor. Chicago-based Metropolis Investment Holdings owns the retail property. The firm… Read more »
A local developer plans to break ground on a new mixed-use project in Philadelphia’s Fairmount neighborhood later this month. The development replaces a former Rite Aid location at 20th Street and Fairmount Avenue. Yoav Shiffman acquired the property through Rite Aid’s bankruptcy auction, creating a new redevelopment opportunity. The project will deliver 28 apartment units… Read more »
A fully occupied shopping center in Phoenixville has sold for $7.35 million, according to Chester County property records. The 33,093-square-foot retail property is located at 785 Starr Street. The center features a diverse tenant mix, including Labcorp, NovaCare Rehabilitation, State Farm, and Benchmark Federal Credit Union. Additional tenants include Habitat for Humanity and Fresenius Kidney… Read more »
A largely vacant shopping center along Girard Avenue in Philadelphia has been sold for $10.95 million. The property contains approximately 42,000 square feet of retail space. The property at 901 W. Girard Avenue was sold by Soloff Realty & Development Inc. The buyer was Elkins Park-based Abrams Realty & Development. Retail use is expected to… Read more »
Future growth for Honeygrow is being focused outside the Greater Philadelphia region. Expansion plans are targeting the Northeast, Southeast, and Midwest markets. More than a dozen new restaurant locations are planned for 2026. Growth within the company’s hometown has not been ruled out entirely. Caution is being exercised regarding additional Philadelphia-area locations. Concerns include potential… Read more »
Rally House is planning its first Center City retail location at 17th and Chestnut streets. A filing has been submitted with the City of Philadelphia outlining the proposed store. An application was submitted to the Philadelphia Art Commission on December 8. Approval is being sought for exterior signage at 1628–36 Chestnut Street. The signage would… Read more »
Franklin Mall in Northeast Philadelphia is on the market. Many still call it Franklin Mills, but the property has faced years of falling value and shrinking visitor numbers. The listing highlights potential new uses for the site. These include industrial and office redevelopment. However, the Sam’s Club and Walmart parcels are excluded. According to the… Read more »
An affiliate of Brown Real Estate has purchased a Northeast Philadelphia shopping center for $30.8 million. The site is anchored by a ShopRite supermarket. This ShopRite is one of 12 locations run by Brown’s Super Stores. With the acquisition of the Shoppes at Wissinoming, the Brown family now owns both the store and the 98,000-square-foot… Read more »
Center City’s retail corridors continue to shift as new businesses arrive and pedestrian activity rebounds. The Center City District 2025 Retail Report highlights 130 new openings over the past year. These businesses span dining, retail and service uses from Vine Street to South Street. The openings arrive as downtown foot traffic improves. Core Center City,… Read more »
Saks Off 5th is preparing to shutter its stores at the Franklin Mall in Northeast Philadelphia and the Metroplex Mall in Plymouth Meeting, reflecting a broader round of closures affecting major metropolitan markets. The two off-price outlets are among nine locations the retailer plans to close from its roughly 80-store portfolio. The decision follows an… Read more »
