Mitchell & Ness has opened a new flagship store in Center City Philadelphia. The opening arrives as the city prepares for several major sporting events over the next year. The sports apparel brand now occupies 16,400 square feet at 1513 Walnut Street. Previously, the space housed Brooks Brothers. Known for premium throwback jerseys, hats, and… Read more »
Whole Foods Market is exploring a new location in Philadelphia’s Fishtown neighborhood. If approved, the store would become the area’s first major chain grocery retailer. The proposed location sits within a mixed-use development at 1716 Frankford Avenue. Specifically, the grocer would occupy approximately 9,400 square feet of ground-floor retail space. The project is being developed… Read more »
Water Tower Square in Lansdale has been listed for sale. As a result, another major grocery-anchored retail center is being brought to market in Montgomery County. The shopping center spans approximately 269,000 square feet. In addition, the property is anchored by nationally recognized tenants across several high-performing retail categories. Current anchors include The Home Depot,… Read more »
Pvolve has signed a lease to open a new boutique fitness studio in Philadelphia. As a result, the brand is expanding into the Center City market. The studio will occupy 2,086 square feet at 1735 Market Street. The building is located in the heart of the central business district. The location is expected to open… Read more »
The Wegmans-anchored Prickett Preserve shopping center in Yardley has been listed for sale. As a result, a high-performing retail asset is being brought to market in Bucks County. The nearly 150,000-square-foot center was completed two years ago. Since then, occupancy has reached 98 percent. The Wegmans is located at 925 Vansant Drive within the larger… Read more »
Franklin Mall in Northeast Philadelphia is under contract for acquisition by Dean Adler. As a result, a large-scale redevelopment plan is moving forward. The 1.6 million-square-foot property spans 137 acres near Interstate 95 and the Bucks County border. Previously, the mall operated as Franklin Mills before its rebranding as Philadelphia Mills. However, the property entered… Read more »
H Mart has expanded its footprint in Montgomery County with the acquisition of a retail center in Lansdale. An entity tied to H Mart purchased Hillcrest Shopping Center, located at 616–640 E. Main Street, for $12 million. The transaction closed on Feb. 12, according to county property records. While the company has not confirmed redevelopment… Read more »
A newly acquired retail center along Girard Avenue is gaining new life as a neighborhood gym signs on as the anchor tenant. Philly Fitness will open a 23,000-square-foot facility at 901 W. Girard Avenue in Philadelphia. The gym is expected to open in early May and will mark the brand’s fourth location in the city…. Read more »
A major retail shift is underway in Northeast Philadelphia. A new tenant may soon fill a long-vacant big-box space. City records show a zoning permit was issued over the weekend for the former Amazon Fresh location at Red Lion Plaza. The property sits along Roosevelt Boulevard, a high-traffic retail corridor. Previously, Amazon halted its physical… Read more »
A retail property portfolio in Horsham has been listed for $18.3 million. As a result, multiple sale strategies are now being considered. The offering includes five parcels totaling 7.68 acres at 101 Easton Road. The site sits at the intersection of Route 611 and Blair Mill Road. In addition, it is located about three miles… Read more »
