In a July 29 filing with the Office of the Comptroller of the Currency, Providence, Rhode Island-based Citizens (NYSE: CFG) said it plans to shutter the following locations: 2001 Market St., Philadelphia 1313 Franklin Mills Circle, Philadelphia 131 Second St., Lewes, Delaware In addition, the filings said the bank plans to close five sites in… Read more »
The Montgomery Mall, foreclosed upon and in receivership, has been put up for sale. The mall could sell for an estimated $50 million, according to various sources, which is a fraction of the $118 million judgment lodged against the property as a result of a loan default. The estimate is a reflection of an August 2020… Read more »
Santander Bank said it plans to close 15 more Pennsylvania branches by the end of 2021. If those sites are all located in southeastern Pennsylvania, it could equate to shaving off as much as a quarter of its remaining locations in the Philadelphia region. “Like many industries, our customers’ preferences and behaviors are shifting,” Santander… Read more »
Citizens Bank has filed to close three more branches in the Philadelphia region as it continues to optimize its retail footprint and terminate relationships with local supermarkets. In a July 23 filing with the Office of the Comptroller of the Currency, Citizens said it will close the following locations: 314 Horsham Road in Horsham, inside… Read more »
A bank has foreclosed on Montgomery Mall and a $118.78 million judgment has been rendered against the property’s owner, an entity affiliated with Simon Property Group, according to court documents. Wilmington Trust, as trustee for Wells Fargo Commercial Mortgage, filed in early June in the Montgomery County Court of Common Pleas to start foreclosure proceedings… Read more »
Santander Bank has filed to close three more Philadelphia-area branches as part of a broader focus on trimming its retail footprint. The Boston-based bank, a subsidiary of Spain’s Santander Group (NYSE: SAN), filed with the Office of the Comptroller of the Currency to shutter the following three sites on July 7: 95 S. Main St…. Read more »
A demolition permit has been pulled for South Street’s storied Downey’s Irish Pub and Restaurant, which dates back to the 1970s and appeared on the television show “Bar Rescue.” Issued on July 7, the permit greenlights the full demolition of the structure at 526 Front St. that also stretches along 109-11 South St. The property… Read more »
It looks like another out-of-town brewing company is making plans to set up shop in Philadelphia in the near future at a once-popular location to grab a beer and bite to eat. Other Half Brewing Company, a Brooklyn-based craft beer brewer and distributor, is slated to move into the space where Goose Island Brewery formerly… Read more »
Family-friendly Hooters spinoff Hoots Wings plans to expand its East Coast presence with 16 locations across Greater Philadelphia. ANZ Hospitality LLC, a Malvern-based hospitality company, aims to open the new franchise locations within 20 miles of Philadelphia by 2026, with the first restaurant expected to open by the end of this year. Hoots Wings is… Read more »
Wolf Commercial Real Estate, the leading Norristown commercial real estate brokerage firm that specializes in Norristown commercial real estate listings and services, is now offering premier Norristown office/flex space for lease in the East Norriton Industrial Park at 553 Foundry Road Norristown PA. Please call for the asking lease price for this professional office/flex space… Read more »
