The site of a Wegmans at the Montgomery Mall has been purchased by an out-of-state real estate investor for $22.6 million, becoming the Philadelphia region’s latest grocery store property to trade hands in the last several years. ExchangeRight of Pasadena, California, acquired the 128,000-square-foot Wegmans in North Wales from Kohan Retail Investment Group. Great Neck,… Read more »
Glu Hospitality plans to open six new Bagels and Co. locations across Philadelphia in the next few months after launching the fast-casual dining concept last summer as part of a shift in focus amid the pandemic. Led by co-founders Derek Gibbons and Tim Lu, the hospitality company was forced to scale back normal operations at restaurants like Añejo… Read more »
Dave’s Hot Chicken, which has garnered a massive following since launching five years ago, is planning to open at least eight locations in the Philadelphia region. The fried chicken company founded in Hollywood is looking to bring its Nashville-inspired chicken to Philadelphia, Bucks, Chester, Montgomery and Delaware counties. Franchisees Jiger Patel and Pranav Desai have… Read more »
A new Amazon Fresh grocery store is being planned for the Willow Grove Shopping Center, state filings show, as part of a multimillion-dollar overhaul taking place at the nearly 70-year-old Montgomery County retail complex. Filings show Amazon Retail LLC has applied for a Pennsylvania liquor license to be used at 102 Park Ave., the address… Read more »
City Fitness plans to open its seventh Philadelphia gym, marking the latest expansion for the homegrown chain. The company is taking over a space previously occupied by Sweat Fitness at 45 N. 3rd St. in Old City. The three-floor, 15,000-square-foot gym is undergoing renovations and scheduled to open in November. y City Fitness opened its… Read more »
A Bucks County franchisee is eyeing the Philadelphia region for its ambitious growth plans, with intentions to open 30 new Qdoba locations in the area. The Integritty Group is opening its 31st Qdoba location in Bensalem off of Route 1 on July 25. That will kick off plans to open a total of 60 more… Read more »
Federal Realty Investment Trust continues to work on securing approvals for its plans to redevelop Bala Cynwyd Shopping Center into a more walkable, mixed-use community and is making progress to undertake a similar strategy at Willow Grove Shopping Center and Lawrence Park Shopping Center. Plans for adding residential components and more dining that expands outdoor… Read more »
MCB Real Estate has started work on a roughly $100 million redevelopment of what had been known for decades as the Drexeline Shopping Center in Drexel Hill. Renamed the Drexeline Town Center, MCB of Baltimore plans to transform the property at 5100 State Road from a dated — portions were built in the 1950s —… Read more »
The iconic Melrose Diner, the stainless-steel-and-neon-trimmed touchstone for generations of Philadelphians, may be getting a date with the wrecking ball, according to a city demolition permit. Melrose owner Michael Petrogiannis also obtained a demolition permit for the nearby Broad Street Diner, which had been long closed before he bought and renovated it in 2011, according… Read more »
At Home, a Plano, Texas, retail chain that sells furniture and home décor, has signed an 85,985-square-foot lease at the Promenade at Granite Run. With the addition of At Home and some smaller pending deals, the 877,294 square feet of retail space at the property is 92% occupied, according to BET Investments Inc., which owns… Read more »
