Jordan Brand is bringing its globally celebrated “World of Flight” concept to the United States for the first time — and it’s choosing Philadelphia as the launchpad. Set to open on October 10 at 1617 Walnut Street, the new retail destination will immerse fans in the legacy and lifestyle of the iconic brand. Spanning approximately… Read more »
Exton, PA — Iron Hill Brewery & Restaurant has closed three of its Greater Philadelphia locations, including its flagship restaurant in Newark, Delaware. The closures affect Chestnut Hill (8400 Germantown Ave.), Voorhees, NJ (13107 Town Center Blvd.), and the original Newark restaurant (147 E. Main St.), which first opened in 1996. Newark marked the beginning… Read more »
Medium Rare, a steakhouse chain founded in Washington, D.C., has opened its first Philadelphia restaurant as part of a broader national expansion strategy. The new location sits at 1540 Frankford Ave. in Fishtown. The 3,400-square-foot space seats about 100 diners inside, with an additional 40 seats on a rear patio. The restaurant occupies the ground… Read more »
Peter Abrams and his team at Abrams Realty & Development took West Whiteland Township’s feedback to heart after July’s planning commission meeting, where officials emphasized the need for more open space in the Exton Square Mall redevelopment plan. After a month of revisions, the Elkins Park-based developer—alongside architect Barton Partners—will return to the commission Tuesday… Read more »
Efforts to reimagine the retail portion of Philadelphia’s historic Wanamaker Building are moving forward, now marketing the property to prospective tenants. The 300,000 square feet spanning the first three floors, formerly occupied by Macy’s, has been vacant since the retailer closed this past spring — a setback for the already challenged Market East corridor. Situated… Read more »
Harris Blitzer Sports & Entertainment and Comcast Corp. have purchased the former Rite Aid at 10th and Market Streets for $15 million, signaling renewed interest in redeveloping the Market East corridor. The 26,000-square-foot building, mostly vacant since Rite Aid closed in 2022, was occasionally used by seasonal tenants like Spirit Halloween. The $577-per-square-foot sale came… Read more »
Insomnia Cookies has ambitious growth on the horizon, aiming to roll out 1,500 additional storefronts nationwide over the next 10 years. Founder Seth Berkowitz, who launched the late-night cookie concept in 2003 while attending the University of Pennsylvania, shared that the company is also strengthening its international footprint. New stores are expected to open in… Read more »
Big-box retail growth has hit a pause in the Philadelphia metro area this year, as national retailers scale back expansion plans in response to economic pressures and shifting consumer habits. So far in 2025, just one lease over 50,000 square feet has been executed in the region. That transaction came in March, when Giant committed… Read more »
A high-visibility retail site in Bucks County — featuring a Wawa, a Tractor Supply Co., and nearly 12 acres of undeveloped land — has been sold for $12.17 million. ExchangeRight, an investment firm based in Pasadena, California, purchased the Warwick Village Commons located at 1937 York Road in Jamison from Clifton, New Jersey-based Arctrust. The… Read more »
In his 27-plus years with IKEA U.S., current COO Rob Olson says he’s never witnessed growth at the pace the company is now pursuing. The U.S. arm of the Swedish home furnishings giant is focusing its expansion on two newer store concepts: smaller-format locations ranging from 50,000 to 100,000 square feet, and “plan and order… Read more »
