Posts Tagged: Philadelphia

Developer buys historic property with plans for mixed-use complex

A developer has purchased an historic building at 6th Street and Girard Avenue in Philadelphia for $1.5 million and plans to develop what was originally known as Farmers’ Market House & Hall into a mixed-use complex.  The sale of the prominent property at 527-37 Girard Ave. took more than two years to get done —… Read more »

Amazon Fresh supermarket to open in Delaware County amid ongoing expansion

Amazon Fresh

An Amazon Fresh grocery store, the burgeoning supermarket concept from the e-commerce giant, is expected to open in the near future at a shopping center in Delaware County. Signage for the grocery store went up this week at the Broomall Commons Shopping Center, 2940 Springfield Rd., next to the Planet Fitness and PetSmart stores. *Article… Read more »

Wawa considering adding stores with gas pumps closer to Center City

Wawa is “still active in the city,” CEO Chris Gheysens said, despite some high-profile Philadelphia store closures during the pandemic that included the landmark location at Broad and Walnut streets and the outpost at 9th and South streets.  “We have closed some stores and I think it’s a reflection of, in some cases, bad site location. Others [it’s] just the business,… Read more »

Wharton Realty Group buys two Philadelphia-area retail centers in separate deals totaling roughly $140M

Wharton Realty Group has made two retail acquisitions, buying Deptford Landing, a power center in Deptford, New Jersey, and Exeter Commons, a grocery-anchored center in Reading, in separate transactions that settled at roughly $70 million each.  The two retail centers were sold by ShopCore Properties, which is a division of Blackstone Group. They properties add… Read more »

Federal Donuts lands equity investment from NewSpring to fuel major Mid-Atlantic expansion

Federal Donuts, South Philly

Local favorite Federal Donuts is looking to add dozens of new locations throughout the Mid-Atlantic region and beyond after receiving a growth equity investment from Radnor-based NewSpring.  The capital infusion comes from the Main Line private equity firm’s NewSpring Franchise arm, which focuses on growing what it identifies as innovative, multi-unit concepts.  As part of… Read more »

New ALDI Coming to The Quartermaster at 21stand Oregon

Aldi, Philadelphia

Aldi, a German-based grocery chain will develop a brand new 22,000 square foot prototype store on a pad site within The Quartermaster campus at 21st and Oregon Avenues. Expected to break ground this quarter and open by the end of 2022, the new Girard Estates Aldi Supermarket will become the chain’s 12th location in the City of… Read more »

Five Below Looks To Triple Its Store Count to 3,500

Five Below Philadelphia

Discount retailer Five Below is aggressively ratcheting up its growth plans, looking to triple its store count to 3,500 by the end of 2030 and double its sales by 2025 as it creates a shopping experience that caters to younger customers. The Philadelphia-based chain, which now has 1,190 stores in 40 states, unveiled its “Triple-Double” strategy… Read more »