Miller’s Ale House has closed another Philadelphia-area restaurant. As a result, the casual dining chain has reduced its regional footprint for the second time this year. The latest closure involves the restaurant at 18 Baltimore Pike in Springfield, Delaware County. The location had operated for more than a decade before closing. Earlier this year, the… Read more »
Trader Joe’s is expanding its Philadelphia footprint with a new South Philadelphia location. The grocery retailer has signed a lease to anchor a planned shopping center along Columbus Boulevard. The proposed development is located between Dickinson and Tasker streets on the Delaware River waterfront. Once completed, the store will become Trader Joe’s third location in… Read more »
Temple University has expanded its North Broad Street footprint with a $9.25 million property acquisition. The purchase supports the university’s long-term campus development strategy. The property is located at 2131 North Broad Street at the corner of Broad Street and Susquehanna Avenue. The acquisition includes a 53,000-square-foot site that extends Temple’s real estate holdings farther… Read more »
Mitchell & Ness has opened a new flagship store in Center City Philadelphia. The opening arrives as the city prepares for several major sporting events over the next year. The sports apparel brand now occupies 16,400 square feet at 1513 Walnut Street. Previously, the space housed Brooks Brothers. Known for premium throwback jerseys, hats, and… Read more »
Whole Foods Market is exploring a new location in Philadelphia’s Fishtown neighborhood. If approved, the store would become the area’s first major chain grocery retailer. The proposed location sits within a mixed-use development at 1716 Frankford Avenue. Specifically, the grocer would occupy approximately 9,400 square feet of ground-floor retail space. The project is being developed… Read more »
Water Tower Square in Lansdale has been listed for sale. As a result, another major grocery-anchored retail center is being brought to market in Montgomery County. The shopping center spans approximately 269,000 square feet. In addition, the property is anchored by nationally recognized tenants across several high-performing retail categories. Current anchors include The Home Depot,… Read more »
Pvolve has signed a lease to open a new boutique fitness studio in Philadelphia. As a result, the brand is expanding into the Center City market. The studio will occupy 2,086 square feet at 1735 Market Street. The building is located in the heart of the central business district. The location is expected to open… Read more »
The Wegmans-anchored Prickett Preserve shopping center in Yardley has been listed for sale. As a result, a high-performing retail asset is being brought to market in Bucks County. The nearly 150,000-square-foot center was completed two years ago. Since then, occupancy has reached 98 percent. The Wegmans is located at 925 Vansant Drive within the larger… Read more »
Franklin Mall in Northeast Philadelphia is under contract for acquisition by Dean Adler. As a result, a large-scale redevelopment plan is moving forward. The 1.6 million-square-foot property spans 137 acres near Interstate 95 and the Bucks County border. Previously, the mall operated as Franklin Mills before its rebranding as Philadelphia Mills. However, the property entered… Read more »
H Mart has expanded its footprint in Montgomery County with the acquisition of a retail center in Lansdale. An entity tied to H Mart purchased Hillcrest Shopping Center, located at 616–640 E. Main Street, for $12 million. The transaction closed on Feb. 12, according to county property records. While the company has not confirmed redevelopment… Read more »
