Wells Fargo & Co. will close 24 more branches, including locations in Montgomery and Delaware counties, as part of its broader plan to cut billions of dollars in costs to keep pace with its rivals. The impacted branches include its location in front of the King of Prussia Mall at 694 W. Dekalb Pike and… Read more »
Posts Tagged: Philadelphia commercial real estate
Amazon Confirms Plans for Bucks County Grocery Store as other East Coast Locations Prepare to Open
Amazon’s plans to open grocery stores in the Philadelphia region have been rumored for nearly a year, and the tech giant has now confirmed at least one of those locations will be in Warrington Township, Bucks County. The company revealed this week that it will open its first grocery stores on the East Coast in the near future,… Read more »
Topgolf Project to Get Underway in Northeast Philadelphia, With King of Prussia to Follow
The development of a new Topgolf in Northeast Philadelphia is expected to begin April 19 and another facility in King of Prussia is anticipated to get underway this summer. The Topgolf in Northeast Philadelphia will be constructed on 27 acres at the former Nabisco and Mondelēz International factory at 12000 Roosevelt Blvd. The King of… Read more »
Giant CEO on New Flagship Center City Store: ‘The Culmination of Everything We Dreamed’
Giant Co. opened its new $27 million, 65,000-square-foot flagship store at Riverwalk, a newly developed apartment complex fronting the Schuylkill River on North 23rd Street in Center City to a crowd of eager and curious shoppers. For Giant Co., a Carlisle-based company, the two-story location is the culmination of exploring other respected grocers to gather… Read more »
Suburban Philadelphia Shopping Center Portfolio Set to Trade for Roughly $115M
An international real estate investment firm that’s based in Cyprus and trades on the Tel Aviv Stock Exchange, is ramping up its Philadelphia-area presence and is poised to buy six grocery-anchored shopping centers for an estimated $115 million, according to sources familiar with the transaction. The company has under agreement properties put up for sale last… Read more »
Grocery Outlet Bargain Market Opens Store in East Norriton, Plans Additional Locations
Grocery Outlet Bargain Market has opened in East Norriton, becoming the newest supermarket to enter the Philadelphia area and adds to the growing competition throughout the region. The Emeryville, California, chain, which is part of Grocery Outlet Holding Corp., joins other discount grocers that have expanded in the region including Lidl and Aldi in addition… Read more »
Chase Opening 4 More Philadelphia-Area Branches, Closing in on Goal of 50
JPMorgan Chase & Co. opened its 34th local branch in Newtown Square on Tuesday and has three more planned for later in the month. That will bring the New York banking giant to 37 Philadelphia-area locations as it nears the halfway point of a five-year plan to open 50 sites in the region. The bank… Read more »
Giant Opening Two-Level, Flagship Supermarket in Logan Square in March
The Giant Company’s ongoing expansion into Philadelphia will make its biggest leap yet next month with the debut of a flagship, two-level market in Logan Square. The project, announced last year, is the centerpiece of the new Riverwalk mixed-used development. The 65,000-square-foot store will be located in a 25-story residential building at 60 N. 23rd… Read more »
Giant’s Flagship Center City Store Sets March Opening, Hiring 220
In Philadelphia, several new developments including South Quarter Crossing, Sharswood Ridge at 2000 Ridge Ave., and a proposed development at 1100 Wharton St. will be anchored by grocery stores. They will join 1300 Fairmount, where an Aldi opened last year, and Rodin Square where Whole Foods has a location. Among the pioneers in this regard is… Read more »
Giant Unveils Plan for New Supermarket in Northeast Philly
The Giant Company plans to construct a new store in Northeast Philadelphia in 2021, adding its fifth location within the city. The Carlisle-based supermarket chain announced Tuesday that it will build the 67,000-square-foot market on Cottman Avenue at the corner of Bustleton Avenue. The new store will include a beer and wine eatery, expanded plant-based… Read more »
