Altimari Properties has purchased a newly built Wawa site in Hatboro for $7.4 million. The property sits at 412 South York Road near Horsham Road. The convenience store was built in 2023. As a result, this deal marks Altimari Properties’ first ownership of a Wawa location. Previously, the firm had not held any Wawa-branded assets…. Read more »
All Amazon Fresh grocery stores are being closed nationwide. As a result, six locations in the Philadelphia area will be affected. The decision was announced Tuesday morning by Amazon. At the same time, approximately 15,000 layoffs have been reported. Consequently, uncertainty has been created across the company’s retail operations. However, local employee impacts have not… Read more »
Atlas Restaurant Group continues expanding its footprint in the Philadelphia restaurant market. Specifically, the Baltimore-based hospitality group will open its second Philadelphia location near Rittenhouse Square. The new concept, The Ruxton, will operate as a high-end steakhouse inside The Rittenhouse Hotel. Currently, the space is home to Italian restaurant Scarpetta. However, Scarpetta will close after… Read more »
Newer retail properties built since 2010 continue to show strong performance across the Philadelphia region. Occupancy rates increase each quarter, even as overall consumer demand slows. Meanwhile, retailers consistently favor modern, high-quality space. In contrast, older retail buildings struggle to retain tenants when market conditions soften. Although consumer spending has cooled in recent years, demand… Read more »
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 »
