Amazon is on the verge of doubling the count of Amazon Fresh grocery stores in the Philadelphia region after facing significant delays in launching new outlets. The e-commerce leader is progressing with the opening of an Amazon Fresh store in Bensalem, as stated by a company representative to the Business Journal. Job listings for the… Read more »
Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 2315-2319 North Broad Street, Philadelphia, PA 19132. The Philadelphia property is available for sale. The property holds +/- 12,789 square feet on .33 acres, that could be utilized by opportunity zones and… Read more »
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 »
Philadelphia-born Federal Donuts and Chicken is set to expand its presence with three new locations in Delaware and Montgomery counties, marking the beginning of its national franchising efforts. The beloved chain, known for its fried chicken, donuts, and coffee, will open stores at 200 Radnor Chester Road in Radnor, 4021 Welsh Road in Willow Grove,… Read more »
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 »
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, 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 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 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 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 »
