Two prime Fishtown commercial properties with redevelopment potential have sold for a total of $17.2 million, according to property records. The site of Other Half Brewing Co. at 33-51 Laurel St. was sold for $10 million, while an industrial property at 53-67 Laurel St. fetched $7.2 million. The adjacent properties, located between I-95 and Delaware… Read more »
Fulton Financial Corp. has sold 11 local branches to South Philadelphia’s Hightop Development as part of its ongoing real estate review following last year’s acquisition of Republic First Bancorp. Most of the sold locations were acquired through Fulton’s 2022 purchase of Prudential Bancorp. According to bank spokesman Steve Trapnell, the branches will continue operating as… Read more »
Abrams Realty & Development plans to transform Exton Square Mall by demolishing most of the property and introducing over 600 residential units alongside retail, office, fitness, and entertainment spaces. According to plans submitted to West Whiteland Township, the 178,000-square-foot Boscov’s will remain, while the rest of the mall will be replaced with a 376-unit apartment… Read more »
Federal Realty Investment Trust will reduce a 30,000-square-foot section of Andorra Shopping Center as part of its $30 million redevelopment. The project includes a 50,000-square-foot Giant grocery store replacing the former Acme, which has already been demolished. The new Giant is set to open in spring 2026. This development aims to revitalize the 260,000-square-foot center,… Read more »
Food hall brand Wonder is making a significant push into the Greater Philadelphia region, with plans to open its first 10 locations this year. New York-based Wonder Group will debut food halls this spring in Ardmore, Fishtown, and at Roosevelt Mall in Northeast Philadelphia. Later in the year, additional locations will open in Rittenhouse Square, South… Read more »
A prime Rittenhouse Square property on Walnut Street’s shopping corridor is up for sale as a potential conversion opportunity. Located at 1619 Walnut St., the nearly 35,000-square-foot building recently welcomed New Balance as a ground-floor tenant. However, 59% of the space remains vacant, per marketing materials. Owner Nuveen Real Estate is asking about $10 million,… Read more »
A Rhode Island-based discount retailer, Ocean State Job Lot, has purchased the Fairless Hills Shopping Center in Bucks County for $23.6 million, even as one of its major tenants undergoes bankruptcy proceedings. The 190,000-square-foot shopping center at 500 Lincoln Highway was sold by The Klein Group, based in Florham Park, New Jersey, according to Bucks… Read more »
A prominent South Philadelphia shopping center with a strong tenant lineup has hit the market. Goldenberg Group, a Blue Bell-based developer, has listed the fully occupied Columbus Commons at 2106 S. Christopher Columbus Blvd. for sale. The retail center, developed nearly 20 years ago, spans 643,810 square feet in total. However, the listing excludes Ikea… Read more »
Macy’s plans to close its 435,000-square-foot store in the historic Wanamaker building by the end of March, marking a significant setback for East Market’s struggling retail scene. The announcement, made Thursday, is part of the retailer’s larger strategy to shut down 150 stores nationwide by 2026, including 65 closures this year. Among the first wave… Read more »
The Kibitz Room, a 23-year-old Cherry Hill Jewish delicatessen, is expanding to King of Prussia. The deli has signed a 20-year lease for 128 Town Center Road, aiming for a March opening, according to owner Brandon Parish. The space, formerly home to Michael’s Deli and most recently KOP Grill & Tavern, will offer a local… Read more »
