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 »
A local developer plans to break ground on a new mixed-use project in Philadelphia’s Fairmount neighborhood later this month. The development replaces a former Rite Aid location at 20th Street and Fairmount Avenue. Yoav Shiffman acquired the property through Rite Aid’s bankruptcy auction, creating a new redevelopment opportunity. The project will deliver 28 apartment units… Read more »
A largely vacant shopping center along Girard Avenue in Philadelphia has been sold for $10.95 million. The property contains approximately 42,000 square feet of retail space. The property at 901 W. Girard Avenue was sold by Soloff Realty & Development Inc. The buyer was Elkins Park-based Abrams Realty & Development. Retail use is expected to… Read more »
Saks Off 5th is preparing to shutter its stores at the Franklin Mall in Northeast Philadelphia and the Metroplex Mall in Plymouth Meeting, reflecting a broader round of closures affecting major metropolitan markets. The two off-price outlets are among nine locations the retailer plans to close from its roughly 80-store portfolio. The decision follows an… Read more »
