Seattle-based retailer Nordstrom, Inc. will open two Nordstrom Rack locations in Eastern Pennsylvania this fall. The openings will align with the holiday shopping season. In Exton, Nordstrom Rack signed a lease at Main Street at Exton. The 652,776-square-foot open-air lifestyle center sits along Route 100 in Chester County. Wolfson Group owns and manages the property…. Read more »
Spread Bagelry is seeking to raise $15 million to fund a two-year expansion plan. The Philadelphia-born brand aims to double its store footprint by the end of 2028. CEO Tom Selementi said the company plans to open 15 to 18 new locations, including a new site in Philadelphia’s Fairmount neighborhood. Spread is currently majority-owned by… Read more »
Firehouse Subs plans to reenter the Philadelphia market after exiting three years ago. The sandwich chain says it intends to reinvest heavily in the region. Company leaders see potential for 50 to 80 new locations across Greater Philadelphia over the next five to 10 years. The first 10 stores could open within three years, depending… Read more »
The Learning Experience is opening 13 new childcare and early education centers across Greater Philadelphia. The expansion will cover approximately 130,000 square feet of commercial space across multiple markets. The company is expected to create hundreds of new jobs throughout the region. Each location can employ up to 30 staff members. Based in Deerfield Beach,… Read more »
Di Bruno Brothers announced that three of its five retail locations will close in the coming weeks. The specialty grocery chain confirmed the closures to Action News. The affected locations include the 9th and Chestnut Street store in Center City Philadelphia. The Ardmore location in Suburban Square will also close. In addition, the Wayne store… Read more »
All Amazon Fresh grocery stores are being closed nationwide. As a result, six locations in the Philadelphia area will be affected. The decision was announced Tuesday morning by Amazon. At the same time, approximately 15,000 layoffs have been reported. Consequently, uncertainty has been created across the company’s retail operations. However, local employee impacts have not… Read more »
Club Studio Fitness is expanding into the Philadelphia region with two new high-end gym locations. Specifically, the boutique fitness brand will open in Cherry Hill and Wynnewood. First, Club Studio will take over 30,240 square feet at Ellisburg Shopping Center in Cherry Hill. The space previously housed BuyBuy Baby. As a result, the gym is… Read more »
Atlas Restaurant Group continues expanding its footprint in the Philadelphia restaurant market. Specifically, the Baltimore-based hospitality group will open its second Philadelphia location near Rittenhouse Square. The new concept, The Ruxton, will operate as a high-end steakhouse inside The Rittenhouse Hotel. Currently, the space is home to Italian restaurant Scarpetta. However, Scarpetta will close after… Read more »
Newer retail properties built since 2010 continue to show strong performance across the Philadelphia region. Occupancy rates increase each quarter, even as overall consumer demand slows. Meanwhile, retailers consistently favor modern, high-quality space. In contrast, older retail buildings struggle to retain tenants when market conditions soften. Although consumer spending has cooled in recent years, demand… Read more »
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 »
