Fearless Restaurants, renowned for its beloved White Dog Cafe establishments, is set to expand its repertoire with a new casual Italian-American concept. The second location of this venture, currently under development in Glen Mills, will find its home on the Main Line. Occupying the former space of a Bertucci’s restaurant at 523 W. Lancaster Ave…. Read more »
The Neshaminy Mall, with Vacancies, Hits the Market Amidst Declining Mall Values and Growing Interest in Redevelopment Opportunities. The Neshaminy Mall, a sprawling 1 million-square-foot property owned by Brookfield Properties, has been listed for sale, signaling a pivotal moment for malls grappling with decreasing foot traffic and changing consumer preferences. Industry insiders suggest the property… Read more »
Twin Peaks Restaurant has recently entered into an area development agreement with local entrepreneur Joe Nolan, marking its foray into the Philadelphia market. The agreement outlines plans to open 10 restaurants in the region over the coming years, although specific details about signed leases were not disclosed, as announced by Twin Peaks on Monday. Renowned… Read more »
A French bakery and café chain is actively seeking franchisees to spearhead its expansion into Greater Philadelphia. La Madeleine has pinpointed 25 trade areas across downtown Philadelphia and its suburbs, identifying opportunities for at least one location in each area. While no deals are currently in progress, the chain aims to establish an initial 25… Read more »
The historic Famous 4th Street Delicatessen in Queen Village, which has stood for a century, is now under the ownership of the Locals 8 Hospitality Group based in Connecticut. The acquisition of this cherished Philadelphia establishment, along with its 7,263-square-foot building at 700 S. 4th St., was finalized on Jan. 8, as confirmed by founder… Read more »
Following the resurgence of leasing activities and pedestrian flow in Center City after the Covid-19 pandemic’s impact in 2022, this positive trend continued to propel retailers in Philadelphia throughout the past year. As of September, retail occupancy in the Center City District stood at 84.5%, steadily regaining ground toward the pre-pandemic 89% mark observed in… Read more »
The renowned Canadian coffee chain, Tim Hortons, has initiated its expansion into Greater Philadelphia, debuting a new location in South Jersey and securing a multi-unit development deal for Delaware as part of its quest for additional franchisees to drive regional growth. Their fifth New Jersey outlet, situated off Route 130 in Cinnaminson, opened on Nov…. Read more »
PJW Restaurant Group has ambitious plans to expand its presence in Greater Philadelphia with the launch of at least two new P.J. Whelihan’s Pub and Restaurants in 2024, aligning with its annual growth targets. Jim Fris, CEO of the Westmont, New Jersey-based restaurant group, announced the forthcoming openings of P.J. Whelihan’s locations in Delaware County… Read more »
Facing a significant debt load of over $1 billion, PREIT has made the decision to file for Chapter 11 bankruptcy protection for the second time in just a little over three years. The regional mall owner took this voluntary step by filing in the U.S. Bankruptcy Court for the District of Delaware, having already established… Read more »
Philadelphia-headquartered Rite Aid persists in its endeavor to sell off store leases and properties amid Chapter 11 bankruptcy proceedings, expanding its offerings to include seven additional locations in the Philadelphia area, encompassing two stores situated on Broad Street. As of the latest update released on Tuesday, Rite Aid currently lists seven retail leases and six… Read more »
