A national luxury mattress retailer is coming to Center City. Saatva, based in New York, will debut its ninth retail viewing room at 1712 Walnut St. in Rittenhouse Square on Feb. 13. The location was previously home to a Wells Fargo Bank branch. The e-commerce brand, founded in 2010, sells mattresses, bedding and other bedroom… Read more »
Despite a continued drop in office workers compared to pre-pandemic levels, retail in Philadelphia made strides in 2022. As of September, 80.5% of retail storefronts were occupied within the Center City District. That put 2022 on pace to become the second consecutive year of net positive openings, according to the district. It also means occupancy… Read more »
The Marshalls at 1044 Market St. is closing, leaving another empty storefront along an increasingly vacant stretch in the heart of Market East. The department store will shutter on January 14, according to a spokesperson for TJX, the chain’s parent company. The nearby T.J. Maxx at 1130 Market St., also a part of TJX brands,… Read more »
With the holiday season looming, Philadelphia shoppers flocking to Center City’s retail corridors will see some new store fronts along them. Walnut and Chestnut Streets continue to be a hotbed for new retail outposts, with a number of new fashion brands set to take space along the two streets. There’s also a few spots that… Read more »
The Habit Burger Grill is looking to open more franchise locations in Greater Philadelphia as part of the Southern California chain’s nationwide expansion plan. The company said it aims to reach multi-unit development agreements with franchisees who have a track record of successfully operating restaurants. John Phillips, chief global partnerships officer for the Habit Burger… Read more »
Wawa is closing two Center City stores, citing “continued safety and security challenges and business factors.” The Delaware County-based company will shutter its stores at 12th and Market streets and 19th and Market streets over the next few weeks. The announcement comes a day after the Business Journal reported that Wawa is “seriously considering” taking Philadelphia out… Read more »
A South Philadelphia industrial building is slated for demolition to make way for a proposed shopping center. Under plans filed with the city, 16 Snyder Ave. will be razed and replaced with six detached structures for retail tenants including Lidl, Shake Shack, Raising Cane’s Chicken Fingers, Advanced Auto Parts and Chase Bank. The industrial building,… Read more »
The Airport Square shopping center in Montgomeryville has been sold for $82.5 million, according to a source familiar with the deal, becoming the latest retail property in the area to change hands over the last few months. The 298,719-square-foot retail center at 801 Bethlehem Pike was bought by a fund advised by Wafra Inc., a… Read more »
A retail property that was known for six decades as the Cheltenham Square Mall and later redeveloped into Greenleaf at Cheltenham has sold for $69.5 million. Paramount Realty of Lakewood, New Jersey, bought the 400,851-square-foot center at 2385 Cheltenham Ave., adding to the real estate company’s growing portfolio of retail properties in the Philadelphia area…. 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 »
