Posts Tagged: Philadelphia

Former Flagship Wawa in Center City to be Replaced by Major Tenant

Former Flagship Wawa in Center City to be Replaced by Major Tenant

Chase Bank plans to open a branch in the former Wawa flagship store located at the southeast corner of Broad and Walnut streets in Center City. The prominent site has remained vacant since Wawa decided not to reopen it in 2020 due to ongoing impacts from the Covid-19 pandemic. According to a Chase spokesman, the… Read more »

PREIT Exits Bankruptcy Protection, Poised to Transition into Private Ownership

PREIT emerges from bankruptcy protection, set to go private

PREIT successfully emerges from bankruptcy protection for the second time since 2020 and undergoes a transition to private ownership. The Philadelphia-based company confronted over $1 billion in looming debt when it filed for bankruptcy in December. Nonetheless, through a pre-packaged reorganization plan, the debt has been eliminated, accompanied by the establishment of a new ownership… Read more »

Family Dollar Shutting Some Doors in Philadelphia

These Family Dollar stores are closing in Philadelphia next month

Next month, six Family Dollar stores in Philadelphia will shutter their doors. This local closure follows the recent announcement by Dollar Tree, the parent company of Family Dollar, revealing plans to close nearly 1,000 stores, with approximately 600 Family Dollar locations slated for closure in the first half of this year. Michael Atcovitz, vice president… Read more »

Netflix Plans to Transform Vacancy at Mall

Netflix Attempt to Move Beyond Screens Relies on This Empty Mall Department Store

Netflix, the renowned streaming platform, is embarking on a novel endeavor to revitalize a vacant Lord & Taylor store, marking one of its initial ventures into physical entertainment venues. This initiative reflects a growing trend of repurposing obsolete department store mall locations across the nation. Headquartered in Los Gatos, California, Netflix intends to convert the… Read more »

Netflix House coming to King of Prussia Mall

Netflix House coming to King of Prussia Mall

Netflix has set its sights on Philadelphia as one of the inaugural sites for its innovative retail, dining, and live entertainment venture. The entertainment giant intends to establish a Netflix House within the former Lord & Taylor space at the prestigious King of Prussia Mall. This brick-and-mortar concept is designed to fully immerse visitors in… Read more »

Another Wawa Location in Philadelphia is Set to Close

Another Wawa Location in Philadelphia is Set to Close

Another Wawa store in Philadelphia is shutting its doors. A spokesperson for the Delaware County convenience store and gas station chain confirmed to the Business Journal that Wawa did not receive a lease renewal offer for its location at 2000 Hamilton St., near Fairmount and the Philadelphia Museum of Art. The company declined to provide… Read more »

Nike’s Jordan World of Flight Store is Landing in Philadelphia

Nike's Jordan World of Flight store is landing in Philadelphia

Nike Inc. is set to open a Michael Jordan-branded store, Jordan World of Flight, at 1617 Walnut St. in Rittenhouse Square, Philadelphia. Spanning 7,000 square feet, this retail concept debuted in Milan in December 2022, aiming to be the future destination for celebrating the legacy and future of basketball culture. *Article courtesy Philadelphia Business Journal… Read more »

Twin Peaks Secures Franchise Deal for 10 Locations in Greater Philadelphia

Twin Peaks, the Lodge-Style Sports Bar Chain, Secures Franchise Deal for 10 Locations in Greater Philadelphia

Twin Peaks Restaurant has recently entered into an area development agreement with local entrepreneur Joe Nolan, marking its foray into the Philadelphia market. The agreement outlines plans to open 10 restaurants in the region over the coming years, although specific details about signed leases were not disclosed, as announced by Twin Peaks on Monday. Renowned… Read more »

French Bakery Plans to Enter Philly Market

La Madeleine, a french bakery, looking in Philly to expand

A French bakery and café chain is actively seeking franchisees to spearhead its expansion into Greater Philadelphia. La Madeleine has pinpointed 25 trade areas across downtown Philadelphia and its suburbs, identifying opportunities for at least one location in each area. While no deals are currently in progress, the chain aims to establish an initial 25… Read more »