JPMorgan Chase & Co. said it will exceed the promised 50 retail branches coming to the region. The nation’s largest bank entered the Philadelphia retail banking world in September 2018 when CEO Jamie Dimon visited Philadelphia to announce plans to open to 50 locations within five years. Three years later, Chase (NYSE: JPM) has already opened 41… Read more »
Philadelphia-based car wash membership startup EverWash raised $5 million to continue its explosive growth and hire more staffers. The debt deal is with Flow Capital, a Toronto investor that specializes in “emerging growth” companies. EverWash can take an additional $2 million over the next two years. The funding will be used to hire new employees… Read more »
Amazon plans to hire thousands of workers in the Philadelphia region as the retail giant accelerates its rapid expansion across the area. The company announced Tuesday that it was seeking nearly 4,800 employees in the city and surrounding counties, part of a nationwide plan of hiring 125,000 people. The warehouse jobs come with an average starting… Read more »
Bankroll Club — a novel, tech-based sports and entertainment center with a Stephen Starr restaurant — is planning to occupy the Chestnut Street building that once housed the landmark Boyd Theater. A liquor-license application was recently posted on the building at 1910 Chestnut St., as noted on the Philadelphia Industrial HeritageFacebook group. A sign application… Read more »
Blackstone, a New York investment firm, has paid $78 million for Northeast Tower Center, a 301,208-square-foot retail property in Philadelphia, according to those familiar with the transaction. Paramount Realty Services Inc. of Lakewood, New Jersey, sold the center at 4640 Roosevelt Blvd. It is anchored by a 119,388-square-foot Walmart and counts Staples, Ross Dress for… Read more »
French-inspired bakery chain Paris Baguette is planning substantial expansion throughout the U.S. and Canada, and Philadelphia is on its shortlist of target markets. The Moonachie, New Jersey-based company is looking to open 30 new locations in 20 key markets by the end of the year. It will then look to establish 1,000 new locations in… Read more »
A Barstool Sports-branded sports bar is coming to Philadelphia. Penn National Gaming, which bought a 36% stakein the digital media company last year for $163 million, is building the bar out as a standalone location, CEO Jay Snowden said in the company’s second quarter earnings report this week. The bar is slated to open later this year. When… Read more »
The first Amazon Fresh store in Pennsylvania has opened at the Creekview Center in Warrington as others are in the works for the region. The Bucks County store at 389 Easton Road totals 35,000 square feet and nearly backfills a 49,000-square-foot space vacated by Giant. Amazon.com Inc. declined to specify how many full and part-time… Read more »
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 »
