Posts Tagged: Center City

Insomnia Cookies Unveils Flagship Store and Headquarters in Center City

Insomnia Cookies Unveils Flagship Store and Headquarters in Center City.

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 »

Philly Retail is Looking Upward Despite Remaining Challenges

2023 in Review: Philadelphia retail on the upswing, but challenges remain

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 »

Former Marshalls Space in Center City Filled with Ross Dress for Less

Former Marshalls space in Center City to get new retail tenant

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 »

Philadelphia Suburbs Retail Rents Flourish but Not for Center City

As Retail Rents Flourish in Philadelphia’s Suburbs, Center City Stalls

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 Closing Center City Philadelphia Location

Center City Target Closing Store Location

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 CEO Reveals Plans for Center City Stores

Wawa CEO reveals plans for shuttered Center City stores, including launch of a tech hub

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 »

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… Read more »

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… Read more »

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,… Read more »

15 Retailers Coming Soon to Center City

Philly Retailers Coming to Center City

With the holiday season looming, Philadelphia shoppers flocking to Center City’s retail corridors will see some new store fronts along them.  Walnut and Chestnut Streets continue to be a hotbed for new retail outposts, with a number of new fashion brands set to take space along the two streets. There’s also a few spots that… Read more »