Eagle Plaza and Upland Square, two shopping centers at opposite ends of the Philadelphia region, have sold for a combined $114.7 million, continuing a trend of investors gravitating toward grocery-anchored retail properties. A Singaporean real estate firm invests in grocery-anchored retail, paid $85.7 million for Upland Square, a 400,674-square-foot center at 180 Upland Square Drive… Read more »
Giant’s expansion in Philadelphia will continue in June with the opening of a new grocery store at the busy corner of Broad and Spring Garden streets. The 50,700-square-foot market will open its doors on June 24 at 501 N. Broad St., the Carlisle-based company announced on Friday. The supermarket is an anchor tenant for developer Alterra… Read more »
Barstool Sports officially opened its new bar in Center City on Friday morning, launching in the midst of March Madness. The 1213 Sansom St. concept was brought to life alongside Wyomissing casino operator Penn National Gaming (NASDAQ: PENN), which holds a 36% stake in the digital media company. The Philadelphia sports bar takes up the… Read more »
A Dallas-based leisure and entertainment business operator is bringing an expansive golf concept to the rapidly developing area along the border of Philadelphia’s Fishtown and Olde Kensington neighborhoods. Drive Shack Inc. (NYSE: DS), whose portfolio consists of entertainment concepts American Golf, Drive Shack and Puttery, is planning a 20,000-square-foot venue at 1400 N. Howard St.,… Read more »
Barstool Sports, the digital media company founded by David Portnoy and backed by Wyomissing-based Penn National Gaming, announced on Instagram Thursday that “ground has been broken” on a Philadelphia sports bar that would open soon. This Barstool Sports Bar — much like Bankroll Club, a sports bar now under construction on the site of the… Read more »
A new 32,000-square-foot Heirloom Market at 801 Market St. in Philadelphia is one of three stores Giant Co. is scheduled to open in the region in December. It will join a new store at 1403 S. Christopher Columbus Blvd. in Philadelphia, and a new location in Doylestown, and combined, the three will employ nearly 500… Read more »
Red Lion Plaza, a roughly 240,000-square-foot shopping center at Red Lion Road and Roosevelt Boulevard in Northeast Philadelphia, has been sold for $56.45 million. Finmarc Management Inc. and KPR sold the center. The buyer was affiliated with the Propp family from New York. The center at 9950 Roosevelt Blvd. was 97% occupied at the time… 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 »
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 »
