Posts Tagged: Philadelphia

CEO of Chase Consumer Banking Announces Plan to Double Branch Count in the Region

Chase consumer banking CEO says it will double its branch count in the region

In less than five years since inaugurating its initial retail branch in the Philadelphia region, Chase Bank has achieved its target of establishing 50 locations here by 2024. At the recent “Banking on Philadelphia” event at City Winery, Jennifer Roberts, CEO of Chase Consumer Banking, announced the anticipation of doubling this number within the next… Read more »

Wing Zone Targets Philadelphia Market for Expansion

Wing Zone seeking expansion in Philadelphia

Fast-Casual Chicken Wing Chain Plans Expansion with 20 New Locations in Greater Philadelphia. Wing Zone Hot Chicken and Wings, is a Las Vegas-based eatery, that has set ambitious growth goals for Greater Philadelphia. They are actively seeking franchisees interested in multi-unit development agreements to open a minimum of 20 new locations in and around the… Read more »

Rite Aid in Philadelphia Files for Bankruptcy

Philadelphia Rite Aid Claims Bankruptcy

Several weeks following the initial presentation of a bankruptcy plan by Rite Aid, which included the closure of numerous stores, the Philadelphia-based pharmacy chain officially filed for Chapter 11 bankruptcy protection on Sunday. This development was largely anticipated. Rite Aid, along with its counterparts such as CVS and Walgreens, has confronted shared challenges in recent… Read more »

Sprouts Farmers Market to Open 6 Locations in Philadelphia Area

Sprouts Farmers Market opening 6 new locations across the Philadelphia area

Five years after Sprouts Farmers Market entered the Philadelphia region, the Phoenix-based grocery chain is expanding its commitment to the area with plans to open at least six more stores in the next two years. Sprouts opened its first local store in 2018 at South Broad and Washington streets in South Philadelphia. Since then, it has opened… Read more »

Topgolf in Philadelphia up for Sale

Topgolf up for sale at Northeast Philly location

The Topgolf off Roosevelt Boulevard in Northeast Philadelphia has been listed for sale nearly 18 months after opening. Located at 2140 Byberry Road off Roosevelt Boulevard, the 16.4-acre property and the 68,000-square-foot building are listed on online real estate platform Crexi as “unpriced.” Topgolf’s operations will not be impacted by any potential sale of the… Read more »

Estia Group Targets Space for New Rittenhouse Square Hotel

Estia Group targets space next to Hyatt Centric hotel for new Rittenhouse Square restaurant

A local hospitality group is eyeing the ground-floor space attached to the Hyatt Centric Center City Philadelphia hotel in Rittenhouse Square for its next restaurant, city zoning documents show. A zoning permit issued on Aug. 25 allows for two signs to be erected on the building’s exterior at the corner of Chancellor and 17th streets… Read more »

Philadelphia Suburbs Retail Rents Flourish but Not for Center City

As Retail Rents Flourish in Philadelphia’s Suburbs, Center City Stalls

As Philadelphia’s premier suburban retail districts continue to see strong interest from retailers and corresponding rent growth, retail locations in Center City’s downtown districts have seen average rents decline in the past year. The Market West, Market East and Independence Hall retail districts—all located in Center City—have decreased between -1.5% and -0.9%, falling behind the… Read more »

United by Blue Founders to Reopen Society Hill Hotel

United By Blue founders to reopen Society Hill Hotel with 15 rooms, new restaurant and bar

The founders of a sustainable apparel and coffee company plan to redevelop the 191-year-old Society Hill Hotel building into a “five-star” boutique property with a whiskey bar-themed dining concept. Mike Cangi and Brian Linton are aiming for a January or February opening of the new Society Hill Hotel at 301 Chestnut St. in Old City…. Read more »