A chicken wing-focused restaurant chain from North Carolina has selected Philadelphia as a key market for its expansion efforts, marking its return to growth plans after nearly four years of pandemic-induced delays in the region. East Coast Wings + Grill is targeting the opening of at least five new locations in and around Philadelphia within… Read more »
Wegmans Food Markets has announced an anticipated early 2024 launch for its second store in Bucks County, introducing enhancements to its standard offerings alongside the introduction of a “sushi pod.” Scheduled for a March 20 opening, the grocery chain will unveil its Yardley store situated within the Prickett Preserve shopping center, currently under development at… Read more »
The former Bankroll space in Rittenhouse Square, previously a $25 million sports and entertainment venue and restaurant that closed within a few months earlier this year, is now available for lease. Located along Chestnut Street, the property has been listed by Philadelphia-based MSC in an effort to fill this vacant area. Jacob Cooper, partner and… Read more »
In less than five years since inaugurating its initial retail branch in the Philadelphia region, Chase Bank has achieved its target of establishing 50 locations here by 2024. At the recent “Banking on Philadelphia” event at City Winery, Jennifer Roberts, CEO of Chase Consumer Banking, announced the anticipation of doubling this number within the next… Read more »
Fast-Casual Chicken Wing Chain Plans Expansion with 20 New Locations in Greater Philadelphia. Wing Zone Hot Chicken and Wings, is a Las Vegas-based eatery, that has set ambitious growth goals for Greater Philadelphia. They are actively seeking franchisees interested in multi-unit development agreements to open a minimum of 20 new locations in and around the… Read more »
Rite Aid Initiates Sale of Nearly 100 Store Leases and Properties, Including 13 in the Philadelphia Area, Following Its Chapter 11 Bankruptcy Filing. Rite Aid is in the process of selling approximately 100 store leases and properties, including 13 in the Philadelphia region, as a part of its Chapter 11 bankruptcy proceedings. The Rite Aid… Read more »
Several weeks following the initial presentation of a bankruptcy plan by Rite Aid, which included the closure of numerous stores, the Philadelphia-based pharmacy chain officially filed for Chapter 11 bankruptcy protection on Sunday. This development was largely anticipated. Rite Aid, along with its counterparts such as CVS and Walgreens, has confronted shared challenges in recent… Read more »
A Boothwyn Shopping Center Anchored by Walmart and Acme Sells for $26 Million. Larkin’s Corner, a prominent shopping center in Boothwyn featuring anchor stores like Walmart and Acme, has been successfully sold for $26 million, as reported by an industry insider. U & Me Enterprises, a private investor hailing from Long Island, New York, completed… Read more »
Five years after Sprouts Farmers Market entered the Philadelphia region, the Phoenix-based grocery chain is expanding its commitment to the area with plans to open at least six more stores in the next two years. Sprouts opened its first local store in 2018 at South Broad and Washington streets in South Philadelphia. Since then, it has opened… Read more »
The Topgolf off Roosevelt Boulevard in Northeast Philadelphia has been listed for sale nearly 18 months after opening. Located at 2140 Byberry Road off Roosevelt Boulevard, the 16.4-acre property and the 68,000-square-foot building are listed on online real estate platform Crexi as “unpriced.” Topgolf’s operations will not be impacted by any potential sale of the… Read more »
