Luxury Mattress Company to Open Brick and Mortar Store in Center City

Luxury online mattress store to open location in Center City Philly

A national luxury mattress retailer is coming to Center City. 

Saatva, based in New York, will debut its ninth retail viewing room at 1712 Walnut St. in Rittenhouse Square on Feb. 13. The location was previously home to a Wells Fargo Bank branch.

The e-commerce brand, founded in 2010, sells mattresses, bedding and other bedroom products online. It is in the process of expanding into bedroom furniture and will offer bedroom rugs later this year. Saatva makes $400 million in total revenue annually, according to co-founder and chief strategy officer Ricky Joshi. Its nine mattress products range in price from $355 for a crib mattress to $4,550 for a split California king. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Jim’s Steaks Eyes Labor Day Reopening

Jim's Steaks Philly

The rebuild of Jim’s Steaks on South Street has finally begun after the building was damaged by a fire in July, and the almost 47-year-old Philadelphia cheesesteak shop is targeting a Labor Day weekend reopening. 

After teasing the new blueprints for the building via Twitter last week, President Ken Silver told the Business Journal Jim’s is currently in the interior demolition phase of the rebuild. Once everything in the building is cleared out, Silver and his team will be able to identify and fix any unknown structural damages before beginning construction on the interior. 

Philadelphia firm Worldwide Restoration LLC is doing the demolition for the project, and Silver has tasked Ambit Architecture, a local architectural firm in Headhouse Square, with the design of the space. Ambit completed the design of Bridget Foy’s, a restaurant and bar in the area that was also devastated by a fire in October 2017.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Primo Hoagies Plans for Expansion to Colorado

Primo Hoagies, Philly Staple Expanding to Colorado

If Texans aren’t sure what a hoagie is, they’ll soon find out.

PrimoHoagies announced plans to expand its franchise locations in 2023 not only to the north and south, but to the west, as well.

The company, which started in South Philly but is now based in Gloucester County, said stores would open in five new states in 2023, bringing its operations to 12 states in all.

“We’re thrilled to kick off the new year by introducing the Primo Difference to Texas, Colorado, Michigan, and Louisiana and, later this year, to Albany, N.Y.,” Nicholas Papanier Jr., owner, president, and CEO of PrimoHoagies, said in the announcement.

*Article courtesy of The Inquirer

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Post Covid – Center City Retail is on Comeback

Center City Comeback

Despite a continued drop in office workers compared to pre-pandemic levels, retail in Philadelphia made strides in 2022.

As of September, 80.5% of retail storefronts were occupied within the Center City District. That put 2022 on pace to become the second consecutive year of net positive openings, according to the district. It also means occupancy rates are closing in on September 2019’s occupancy rate of 89%.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Marshalls to Close Center City Location

Marshalls Clothing Store Center City Closing

The Marshalls at 1044 Market St. is closing, leaving another empty storefront along an increasingly vacant stretch in the heart of Market East. 

The department store will shutter on January 14, according to a spokesperson for TJX, the chain’s parent company. The nearby T.J. Maxx at 1130 Market St., also a part of TJX brands, will stay open. 

“We are always assessing and reviewing our real estate strategies, and our decision to close this store reflects that thinking,” said Andrew Mastrangelo, vice president for communications at TJX, in an email to the Business Journal. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Urbanspace Food Hall Opening in 2023

Urbanspace Philadelphia

Urbanspace, a New York-based developer of public markets, plans to open a food hall at the Schuylkill Yards development in University City next year.

The venue is expected to open in fall 2023 and will feature 16 food and beverage vendors, including concepts both local to Philadelphia and from Urbanspace’s national portfolio. No vendors have been announced yet.

Urbanspace Philadelphia will occupy more than 14,000 square feet of space in the southeast corner of the Bulletin Building at 3025 Market St. It will feature a 13,000-square-foot indoor dining venue and a 1,400-square-foot patio next to the 1.3-acre Drexel Square park. The food hall’s location also offers visitors a view of 30th Street Station directly across the street.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Chase Bank Opens Community Center Branch in Philly

Chase Bank Philadelphia Branch

Chase Bank has now opened 52 branches in the Philadelphia region since entering the retail banking market in 2018, but the latest one is unique.

Opened earlier this month and situated at 15 S. 52nd St. in West Philadelphia, it is more than three times the size of a normal Chase branch and occupies the former home of an original Philadelphia Savings Fund Society (PSFS) Bank location.

The new community-inspired model offers free financial health resources like skills training, local pop-up shops, and fintech innovation for local residents and small businesses. It is one of just 15 such locations across Chase’s 4,700-branch footprint in the U.S. It will be half community center and half traditional bank branch. Among the services it will provide are:

  • Growth support for local entrepreneurs starting or expanding their small business.
  • Mentoring for entrepreneurs and access to a pop-up space to display and sell their merchandise.
  • A new community “living room” area and events space.
  • Workshops to build financial health — including sessions on saving, budgeting and building credit.
  • A free use tech bar space and Wi-Fi for community groups and residents to utilize for remote learning and work.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Santander Bank to Close More Branches

Santander Bank Closing More Branches

Santander Bank has filed to close 13 branches in Pennsylvania and New Jersey, including five in the immediate Philadelphia region and five more on the outskirts.

According to the Office of the Comptroller of the Currency, the Boston-based subsidiary of Spain’s Santander Group (NYSE: SAN) has filed to close the following locations:

  • 5022-24 City Ave. in the Wynnefield section of Philadelphia;
  • 1501 E. Erie Ave. in North Philadelphia;
  • 6500-06 Woodland Ave. in Southwest Philadelphia;
  • 144 Lancaster Ave. in Devon;
  • 100 Berlin Road in Clementon, New Jersey.

Santander is also closing sites in Princeton, Robbinsville and Hamilton Township in Mercer County, New Jersey, plus branches in Quarryville and Lititz in Lancaster County, and individual locations in Cumberland, York and Schuylkill counties.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Sports Bar in Center City Takes Over Closed Sugar Factory

Sports Bar Philadlephia

Less than a year after opening, Sugar Factory Philadelphia has shuttered its doors, and a Hoboken, New Jersey, restaurant and sports bar is preparing to open in its place. 

Wicked Wolf officially took over the 6,700-square-foot space at 1214-1216 Chestnut St. in October and has worked on a tight timeline to bring its concept to the public in time for the Army-Navy game this weekend and a grand opening on Dec. 15. It’s a quick turnaround for the Center City restaurant and bar, but the work done was primarily cosmetic, changing the decor from Sugar Factory’s standard white and gold to Wicked Wolf’s self-described “pub-by-day, sports party bar at night” feel.

Upon opening, Wicked Wolf Philadelphia will feature four bars across its first floor and second-floor mezzanine, more than 28 TVs, a 16-square-foot LED digital screen and a sound system that can play up to four games at one time. It will contain more than 300 hightop, dining table and booth-style seats and employ an estimated 60 people.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Wawa is PA’s Largest Private Company

Wawa Closing in Center City

Wawa increased revenue 36% last year to reclaim a spot among the 25 largest private companies in the U.S., according to Forbes.

The Delaware County-based convenience store chain lands at No. 24 on Forbes’ 2022 list of America’s Largest Private Companies, maintaining its standing as the top-ranked private company in Pennsylvania. It had slipped to No. 29 in the 2021 rankings.

Wawa hauled in $14.93 billion in its most recent fiscal year, according to Forbes, up from $11 billion the prior year. It is one of four Pennsylvania firms in the top 100 on this year’s list and the only one headquartered in the Philadelphia area.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.