As construction on the next buildings at Schuylkill Yards awaits optimal timing, Brandywine Realty Trust is ramping up its focus on expanding retail at the University City master-planned development. “Retail is really where we’re focused,” said Jeff DeVuono, Managing Director for Brandywine Realty Trust’s Pennsylvania region. “That’s the area where we’re currently lacking. We’re not… Read more »
Discount retailer Big Lots plans to close up to 315 stores nationwide, including four in the Philadelphia area, as the chain struggles with financial difficulties. The Columbus, Ohio-based company, which sells low-cost groceries, home furnishings, and toys, recently increased its projected closures from 150 stores in a filing with the U.S. Securities & Exchange Commission…. Read more »
Blink Fitness will close its two Philadelphia gyms—the chain’s only locations in Pennsylvania—at the end of the month. The gyms, located at 5597 Tulip St. in Wissinoming and 330 W. Oregon Ave. in South Philadelphia, are set to shut down on August 30, according to notices on the company’s website. Blink Fitness filed for bankruptcy… Read more »
A popular chain of indoor trampoline and entertainment parks is set to expand with two new locations in Greater Philadelphia next year. Franchisees Kinjal and Purvish Patel plan to open Sky Zone locations in Exton and Langhorne in the fourth quarter of 2025. The husband-and-wife team is currently seeking leases for these upcoming venues. Trampoline… Read more »
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 »
