Franklin Mall in Northeast Philadelphia is under contract for acquisition by Dean Adler. As a result, a large-scale redevelopment plan is moving forward. The 1.6 million-square-foot property spans 137 acres near Interstate 95 and the Bucks County border. Previously, the mall operated as Franklin Mills before its rebranding as Philadelphia Mills. However, the property entered… Read more »
Firstrust Bank plans to grow assets by one-third as part of a strategic plan through 2030. The bank also plans to open new retail branches for the first time in six years. CEO Tim Abell said Firstrust wants to expand its geographic footprint. Specifically, the bank plans to open one branch in South Jersey and… Read more »
Seattle-based retailer Nordstrom, Inc. will open two Nordstrom Rack locations in Eastern Pennsylvania this fall. The openings will align with the holiday shopping season. In Exton, Nordstrom Rack signed a lease at Main Street at Exton. The 652,776-square-foot open-air lifestyle center sits along Route 100 in Chester County. Wolfson Group owns and manages the property…. Read more »
Spread Bagelry is seeking to raise $15 million to fund a two-year expansion plan. The Philadelphia-born brand aims to double its store footprint by the end of 2028. CEO Tom Selementi said the company plans to open 15 to 18 new locations, including a new site in Philadelphia’s Fairmount neighborhood. Spread is currently majority-owned by… Read more »
Firehouse Subs plans to reenter the Philadelphia market after exiting three years ago. The sandwich chain says it intends to reinvest heavily in the region. Company leaders see potential for 50 to 80 new locations across Greater Philadelphia over the next five to 10 years. The first 10 stores could open within three years, depending… Read more »
The Learning Experience is opening 13 new childcare and early education centers across Greater Philadelphia. The expansion will cover approximately 130,000 square feet of commercial space across multiple markets. The company is expected to create hundreds of new jobs throughout the region. Each location can employ up to 30 staff members. Based in Deerfield Beach,… Read more »
Di Bruno Brothers announced that three of its five retail locations will close in the coming weeks. The specialty grocery chain confirmed the closures to Action News. The affected locations include the 9th and Chestnut Street store in Center City Philadelphia. The Ardmore location in Suburban Square will also close. In addition, the Wayne store… Read more »
All Amazon Fresh grocery stores are being closed nationwide. As a result, six locations in the Philadelphia area will be affected. The decision was announced Tuesday morning by Amazon. At the same time, approximately 15,000 layoffs have been reported. Consequently, uncertainty has been created across the company’s retail operations. However, local employee impacts have not… Read more »
Club Studio Fitness is expanding into the Philadelphia region with two new high-end gym locations. Specifically, the boutique fitness brand will open in Cherry Hill and Wynnewood. First, Club Studio will take over 30,240 square feet at Ellisburg Shopping Center in Cherry Hill. The space previously housed BuyBuy Baby. As a result, the gym is… Read more »
Atlas Restaurant Group continues expanding its footprint in the Philadelphia restaurant market. Specifically, the Baltimore-based hospitality group will open its second Philadelphia location near Rittenhouse Square. The new concept, The Ruxton, will operate as a high-end steakhouse inside The Rittenhouse Hotel. Currently, the space is home to Italian restaurant Scarpetta. However, Scarpetta will close after… Read more »
