The Shops at Liberty Place, a 147,000-square-foot retail destination in Center City, has been listed for sale. The property serves as the retail component of the iconic Liberty Place mixed-use complex. Located at 1625 Chestnut Street, the two-level shopping center anchors a high-traffic urban corridor. Chicago-based Metropolis Investment Holdings owns the retail property. The firm… Read more »
Rally House is planning its first Center City retail location at 17th and Chestnut streets. A filing has been submitted with the City of Philadelphia outlining the proposed store. An application was submitted to the Philadelphia Art Commission on December 8. Approval is being sought for exterior signage at 1628–36 Chestnut Street. The signage would… Read more »
Center City’s retail corridors continue to shift as new businesses arrive and pedestrian activity rebounds. The Center City District 2025 Retail Report highlights 130 new openings over the past year. These businesses span dining, retail and service uses from Vine Street to South Street. The openings arrive as downtown foot traffic improves. Core Center City,… Read more »
Philadelphia’s retail market showed signs of weakening as it approached 2025, with annual net absorption—reflecting the net change in occupied retail space—falling well below historical averages. However, despite this slowdown, the market remains relatively tight, particularly in the suburbs. Retail locations in Center City continue to face challenges due to reduced office occupancy, yet limited… Read more »
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 »
