The Shops at Liberty Place, a 147,000-square-foot retail destination in Center City, has been listed for sale. The property serves as the retail component of the iconic Liberty Place mixed-use complex. Located at 1625 Chestnut Street, the two-level shopping center anchors a high-traffic urban corridor. Chicago-based Metropolis Investment Holdings owns the retail property. The firm… Read more »
A local developer plans to break ground on a new mixed-use project in Philadelphia’s Fairmount neighborhood later this month. The development replaces a former Rite Aid location at 20th Street and Fairmount Avenue. Yoav Shiffman acquired the property through Rite Aid’s bankruptcy auction, creating a new redevelopment opportunity. The project will deliver 28 apartment units… Read more »
A largely vacant shopping center along Girard Avenue in Philadelphia has been sold for $10.95 million. The property contains approximately 42,000 square feet of retail space. The property at 901 W. Girard Avenue was sold by Soloff Realty & Development Inc. The buyer was Elkins Park-based Abrams Realty & Development. Retail use is expected to… Read more »
Saks Off 5th is preparing to shutter its stores at the Franklin Mall in Northeast Philadelphia and the Metroplex Mall in Plymouth Meeting, reflecting a broader round of closures affecting major metropolitan markets. The two off-price outlets are among nine locations the retailer plans to close from its roughly 80-store portfolio. The decision follows an… Read more »
Chase Bank is accelerating its growth strategy in the Philadelphia region with a major retail expansion set for the end of 2025. The financial institution plans to launch seven new branches in southeastern Pennsylvania during the fourth quarter, along with five additional openings in nearby markets, including its first two in Berks County. These additions… Read more »
Jordan Brand is bringing its globally celebrated “World of Flight” concept to the United States for the first time — and it’s choosing Philadelphia as the launchpad. Set to open on October 10 at 1617 Walnut Street, the new retail destination will immerse fans in the legacy and lifestyle of the iconic brand. Spanning approximately… Read more »
Exton, PA — Iron Hill Brewery & Restaurant has closed three of its Greater Philadelphia locations, including its flagship restaurant in Newark, Delaware. The closures affect Chestnut Hill (8400 Germantown Ave.), Voorhees, NJ (13107 Town Center Blvd.), and the original Newark restaurant (147 E. Main St.), which first opened in 1996. Newark marked the beginning… Read more »
Medium Rare, a steakhouse chain founded in Washington, D.C., has opened its first Philadelphia restaurant as part of a broader national expansion strategy. The new location sits at 1540 Frankford Ave. in Fishtown. The 3,400-square-foot space seats about 100 diners inside, with an additional 40 seats on a rear patio. The restaurant occupies the ground… Read more »
Peter Abrams and his team at Abrams Realty & Development took West Whiteland Township’s feedback to heart after July’s planning commission meeting, where officials emphasized the need for more open space in the Exton Square Mall redevelopment plan. After a month of revisions, the Elkins Park-based developer—alongside architect Barton Partners—will return to the commission Tuesday… Read more »
Efforts to reimagine the retail portion of Philadelphia’s historic Wanamaker Building are moving forward, now marketing the property to prospective tenants. The 300,000 square feet spanning the first three floors, formerly occupied by Macy’s, has been vacant since the retailer closed this past spring — a setback for the already challenged Market East corridor. Situated… Read more »
