The shuttered Marshalls store at 10th and Market streets will be filled by Ross Dress for Less, another discount retailer currently with space on Market Street. The Marshalls at 1044 Market St. closed in mid-January, leaving yet another vacancy on Market East across from the Fashion District. Now, Ross will relocate to the 26,000-square-foot space, according… Read more »
A local hospitality group is eyeing the ground-floor space attached to the Hyatt Centric Center City Philadelphia hotel in Rittenhouse Square for its next restaurant, city zoning documents show. A zoning permit issued on Aug. 25 allows for two signs to be erected on the building’s exterior at the corner of Chancellor and 17th streets… Read more »
As Philadelphia’s premier suburban retail districts continue to see strong interest from retailers and corresponding rent growth, retail locations in Center City’s downtown districts have seen average rents decline in the past year. The Market West, Market East and Independence Hall retail districts—all located in Center City—have decreased between -1.5% and -0.9%, falling behind the… Read more »
The founders of a sustainable apparel and coffee company plan to redevelop the 191-year-old Society Hill Hotel building into a “five-star” boutique property with a whiskey bar-themed dining concept. Mike Cangi and Brian Linton are aiming for a January or February opening of the new Society Hill Hotel at 301 Chestnut St. in Old City…. Read more »
The opening of PJW Restaurant Group’s 23rd P.J. Whelihan’s Pub and Restaurant this fall in Conshohocken will mark the fourth location that the group has opened in just over a year, the most it’s ever brought online within a 13-month time span. The P.J. Whelihan’s brand is now the sole focus for expansion for Westmont,… Read more »
As part of Brixmor Property Group’s $50 million redevelopment of the Roosevelt Mall in Northeast Philadelphia, grocery store Sprouts Farmers Market and quick-service restaurants Panda Express and Raising Cane’s Chicken Fingers are planned to open. The 24,000-square-foot Sprouts store is scheduled to open in the first quarter of 2024 while the 2,000-square-foot Panda Express and… Read more »
Abrams Realty & Development has added to its local holdings with the $23.1 million acquisition of the Dekalb Plaza, a 178,356-square-foot shopping center in East Norriton. The seller was Bethesda, Maryland-based Broad Street Realty. Dekalb Plaza shopping center is 98% leased and anchored by Urban Air and Big Lots. Goodwill, Chick-fil-A, Applebee’s, Sally Beauty and… Read more »
German grocer Lidl is closing a store in King of Prussia after 18 months, one of several locations being shuttered by the company later this week. A store at 1601 Burlington-Mount Holly Road in Burlington Township, New Jersey, is also set to close, the Cherry Hill Courier-Post reports. *Article courtesy of Philadelphia Business Journals For more… Read more »
David’s Bridal is in talks with a potential buyer for some of the company’s assets, a deal that would save thousands of jobs and almost 200 stores across the retailer’s portfolio. The Conshohocken wedding dress retailer confirmed it is in “advanced discussions with an interested bidder.” The bid would save approximately 7,000 employees and nearly… Read more »
A Florida craft beer bar chain is entering the Philadelphia market with a location in Manayunk. Tampa-based brand The Brass Tap plans to open at 177 Markle St. in late 2023 or early 2024. Franchisees Danielle and Izak Du Plooy acquired the property for $689,000 in December of 2021, originally renting the building out to tenants before… Read more »
