City Fitness plans to open its seventh Philadelphia gym, marking the latest expansion for the homegrown chain. The company is taking over a space previously occupied by Sweat Fitness at 45 N. 3rd St. in Old City. The three-floor, 15,000-square-foot gym is undergoing renovations and scheduled to open in November. y City Fitness opened its… Read more »
A Bucks County franchisee is eyeing the Philadelphia region for its ambitious growth plans, with intentions to open 30 new Qdoba locations in the area. The Integritty Group is opening its 31st Qdoba location in Bensalem off of Route 1 on July 25. That will kick off plans to open a total of 60 more… Read more »
A retail property that was known for six decades as the Cheltenham Square Mall and later redeveloped into Greenleaf at Cheltenham has sold for $69.5 million. Paramount Realty of Lakewood, New Jersey, bought the 400,851-square-foot center at 2385 Cheltenham Ave., adding to the real estate company’s growing portfolio of retail properties in the Philadelphia area…. Read more »
Federal Realty Investment Trust continues to work on securing approvals for its plans to redevelop Bala Cynwyd Shopping Center into a more walkable, mixed-use community and is making progress to undertake a similar strategy at Willow Grove Shopping Center and Lawrence Park Shopping Center. Plans for adding residential components and more dining that expands outdoor… Read more »
MCB Real Estate has started work on a roughly $100 million redevelopment of what had been known for decades as the Drexeline Shopping Center in Drexel Hill. Renamed the Drexeline Town Center, MCB of Baltimore plans to transform the property at 5100 State Road from a dated — portions were built in the 1950s —… Read more »
The iconic Melrose Diner, the stainless-steel-and-neon-trimmed touchstone for generations of Philadelphians, may be getting a date with the wrecking ball, according to a city demolition permit. Melrose owner Michael Petrogiannis also obtained a demolition permit for the nearby Broad Street Diner, which had been long closed before he bought and renovated it in 2011, according… Read more »
At Home, a Plano, Texas, retail chain that sells furniture and home décor, has signed an 85,985-square-foot lease at the Promenade at Granite Run. With the addition of At Home and some smaller pending deals, the 877,294 square feet of retail space at the property is 92% occupied, according to BET Investments Inc., which owns… Read more »
Barcade is taking to Center City to open its second Philadelphia outpost, which the New York-based company aims to debut by early 2023. The hybrid bar-and-arcade concept is headed to the historic three-story Hale Building at 1326 Chestnut St., which dates back to the late 19th century and was built by esteemed architect W.G. Hale,… Read more »
Eagle Plaza and Upland Square, two shopping centers at opposite ends of the Philadelphia region, have sold for a combined $114.7 million, continuing a trend of investors gravitating toward grocery-anchored retail properties. A Singaporean real estate firm invests in grocery-anchored retail, paid $85.7 million for Upland Square, a 400,674-square-foot center at 180 Upland Square Drive… Read more »
Giant’s expansion in Philadelphia will continue in June with the opening of a new grocery store at the busy corner of Broad and Spring Garden streets. The 50,700-square-foot market will open its doors on June 24 at 501 N. Broad St., the Carlisle-based company announced on Friday. The supermarket is an anchor tenant for developer Alterra… Read more »
