Posts Categorized: Philadelphia retail space

Bucks County franchisee looks to add 30 Philadelphia-area Qdobas

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 »

Former Cheltenham Square Mall trades for $69.5M

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 »

Federal Realty Trust Makes Advancements on the Redevelopment of 3 Shopping Centers

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 »

Owner of the Melrose Diner and Broad Street Diner has obtained demolition permits

Melrose Broad Street Diners

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 takes space at Promenade at Granite Run as development leases up

At Home store located in Philly

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 »

Barcade opening second Philadelphia outpost in historic Center City building

Barcade Center City Philly

Barcade is taking to Center City to open its second Philadelphia outpost, which the New York-based company aims to debut by early 2023.  The hybrid bar-and-arcade concept is headed to the historic three-story Hale Building at 1326 Chestnut St., which dates back to the late 19th century and was built by esteemed architect W.G. Hale,… Read more »

Two grocery-anchored centers in South Jersey, Pottstown sell for a combined $115M

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 Supermarket to Open in Philly

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 »