Posts Categorized: Philadelphia retail space

Chase sees opportunity in Philadelphia market, will exceed its 50-branch target

JPMorgan Chase & Co. said it will exceed the promised 50 retail branches coming to the region. The nation’s largest bank entered the Philadelphia retail banking world in September 2018 when CEO Jamie Dimon visited Philadelphia to announce plans to open to 50 locations within five years. Three years later, Chase (NYSE: JPM) has already opened 41… Read more »

Amazon is hiring 4,800 people across the Philadelphia region

Amazon plans to hire thousands of workers in the Philadelphia region as the retail giant accelerates its rapid expansion across the area. The company announced Tuesday that it was seeking nearly 4,800 employees in the city and surrounding counties, part of a nationwide plan of hiring 125,000 people. The warehouse jobs come with an average starting… Read more »

Bankroll Club, a sports and entertainment venue, plans to take over the landmark Boyd Theater in Philadelphia

Bankroll Club — a novel, tech-based sports and entertainment center with a Stephen Starr restaurant — is planning to occupy the Chestnut Street building that once housed the landmark Boyd Theater. A liquor-license application was recently posted on the building at 1910 Chestnut St., as noted on the Philadelphia Industrial HeritageFacebook group. A sign application… Read more »

New York investment firm buys Northeast Philadelphia retail center for $78M

Blackstone, a New York investment firm, has paid $78 million for Northeast Tower Center, a 301,208-square-foot retail property in Philadelphia, according to those familiar with the transaction. Paramount Realty Services Inc. of Lakewood, New Jersey, sold the center at 4640 Roosevelt Blvd. It is anchored by a 119,388-square-foot Walmart and counts Staples, Ross Dress for… Read more »

Barstool Sports-branded bar to open in Philadelphia

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 »

Amazon opens first Pennsylvania grocery store in Bucks County

The first Amazon Fresh store in Pennsylvania has opened at the Creekview Center in Warrington as others are in the works for the region. The Bucks County store at 389 Easton Road totals 35,000 square feet and nearly backfills a 49,000-square-foot space vacated by Giant. Amazon.com Inc. declined to specify how many full and part-time… Read more »

Citizens shuttering 15 more branches, including three in Greater Philadelphia

In a July 29 filing with the Office of the Comptroller of the Currency, Providence, Rhode Island-based Citizens (NYSE: CFG) said it plans to shutter the following locations: 2001 Market St., Philadelphia 1313 Franklin Mills Circle, Philadelphia 131 Second St., Lewes, Delaware In addition, the filings said the bank plans to close five sites in… Read more »