Chase Bank is accelerating its growth strategy in the Philadelphia region with a major retail expansion set for the end of 2025. The financial institution plans to launch seven new branches in southeastern Pennsylvania during the fourth quarter, along with five additional openings in nearby markets, including its first two in Berks County. These additions… Read more »
Jordan Brand is bringing its globally celebrated “World of Flight” concept to the United States for the first time — and it’s choosing Philadelphia as the launchpad. Set to open on October 10 at 1617 Walnut Street, the new retail destination will immerse fans in the legacy and lifestyle of the iconic brand. Spanning approximately… Read more »
Exton, PA — Iron Hill Brewery & Restaurant has closed three of its Greater Philadelphia locations, including its flagship restaurant in Newark, Delaware. The closures affect Chestnut Hill (8400 Germantown Ave.), Voorhees, NJ (13107 Town Center Blvd.), and the original Newark restaurant (147 E. Main St.), which first opened in 1996. Newark marked the beginning… Read more »
Medium Rare, a steakhouse chain founded in Washington, D.C., has opened its first Philadelphia restaurant as part of a broader national expansion strategy. The new location sits at 1540 Frankford Ave. in Fishtown. The 3,400-square-foot space seats about 100 diners inside, with an additional 40 seats on a rear patio. The restaurant occupies the ground… Read more »
Peter Abrams and his team at Abrams Realty & Development took West Whiteland Township’s feedback to heart after July’s planning commission meeting, where officials emphasized the need for more open space in the Exton Square Mall redevelopment plan. After a month of revisions, the Elkins Park-based developer—alongside architect Barton Partners—will return to the commission Tuesday… Read more »
Efforts to reimagine the retail portion of Philadelphia’s historic Wanamaker Building are moving forward, now marketing the property to prospective tenants. The 300,000 square feet spanning the first three floors, formerly occupied by Macy’s, has been vacant since the retailer closed this past spring — a setback for the already challenged Market East corridor. Situated… Read more »
Harris Blitzer Sports & Entertainment and Comcast Corp. have purchased the former Rite Aid at 10th and Market Streets for $15 million, signaling renewed interest in redeveloping the Market East corridor. The 26,000-square-foot building, mostly vacant since Rite Aid closed in 2022, was occasionally used by seasonal tenants like Spirit Halloween. The $577-per-square-foot sale came… Read more »
In his 27-plus years with IKEA U.S., current COO Rob Olson says he’s never witnessed growth at the pace the company is now pursuing. The U.S. arm of the Swedish home furnishings giant is focusing its expansion on two newer store concepts: smaller-format locations ranging from 50,000 to 100,000 square feet, and “plan and order… Read more »
Atlanta restaurateur Garis Eddington is bringing his latest concept, Tailgate Sports Bar, to the heart of Northern Liberties this August. Located at 1033 N. 2nd St., the new spot promises more than just food and drinks — it’s designed to deliver what Eddington calls a “high-energy dining” experience. Inspired by the spirit and excitement Philadelphia… Read more »
Philadelphia restaurant group Glu Hospitality has shut down, splitting its 16 locations across nine concepts among new owners and leaving vacant spaces across the city. Co-founder Derek Gibbons said the company grew too quickly during the pandemic, straining its finances. Founded in 2019 by Gibbons and Tim Lu, Glu also faced lawsuits, wage theft allegations,… Read more »
