Giant Co. is closing its Heirloom Market grocery store in Center City’s Fashion District on Dec. 28, three years after its opening, according to a state filing. The 32,000-square-foot store at 801 Market St., which employs 61 people, was the largest of Giant’s four Heirloom locations in Philadelphia. Opened in December 2021 in the historic… Read more »
A Washington D.C.-based restaurant group is expanding into Philadelphia. Knead Hospitality + Design plans to open a location of its Mexican restaurant, Mi Vida, in a ground-floor space at 1100 Ludlow St. in Center City, the group confirmed to the Business Journal. The building is part of National Real Estate Development’s $1 billion East Market… Read more »
Plans for a mid-rise apartment building on the western edge of Center City have been abandoned, and the property owner is now seeking a retail tenant for the existing single-story building. Following the closure of Rite Aid at 2301 Walnut St. in 2022, Dallas-based Trammell Crow Co. had entered into an agreement to buy the… Read more »
Insomnia Cookies is set to unveil its largest flagship store in Center City this weekend, captivating visitors with a Willy Wonka-inspired experience at Broad and Chestnut streets. The store, located on the first floor of the new three-story headquarters, offers a range of baked delights, customizable toppings, and a vibrant ambiance. Noteworthy features include a… Read more »
Following the resurgence of leasing activities and pedestrian flow in Center City after the Covid-19 pandemic’s impact in 2022, this positive trend continued to propel retailers in Philadelphia throughout the past year. As of September, retail occupancy in the Center City District stood at 84.5%, steadily regaining ground toward the pre-pandemic 89% mark observed in… Read more »
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 »
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 »
Target Corp. is closing its store at 12th and Chestnut streets in Center City nearly seven years after opening the location. The company said it will shutter the 19,000-square-foot Washington Square store due to several years of declining performance. The store, one of Target’s small-format locations, is scheduled to close May 13. Target (NYSE: TGT)… Read more »
Wawa plans to open a technology hub at the site of one of its recently shuttered Center City locations, CEO Chris Gheysens said Friday. Gheysens made the announcement during a panel discussion at the Chamber of Commerce for Greater Philadelphia’s 2023 Economic Outlook event. He told the Business Journal that the Delaware County convenience store chain’s space… Read more »
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… Read more »
