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 »
PrimoHoagies, the popular South Philadelphia-born sandwich chain, plans to open 10 locations in the Albany, New York, region as part of its ongoing expansion. Rocky Patel, owner of Philly Bar & Lounge in Latham, roughly eight miles north of Albany, is the franchisee for all of the incoming stores. The 30-year-old company is still determining… 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 »
The Quartermaster Plaza in South Philadelphia has been sold to a joint venture of two New York firms for $100.1 million as part of a larger portfolio acquisition. Property records show DRA Advisors acquired the 456,000-square-foot shopping center from Massapequa, New York-based Cedar Realty Trust. The latter purchased the property in 2014 from Cleveland-based Forest City Ratner… Read more »
Global fast food restaurant chain Jollibee announced it opened its long-expected first location in Pennsylvania in the recently renovated Great Northeast Plaza near the intersection of Bustleton and Cottman avenues in northwest Philadelphia. The new Jollibee will occupy an outparcel location at 7340 Bustleton Ave., part of the large retail redevelopment of the former Sears-anchored shopping… Read more »
The site of a Wegmans at the Montgomery Mall has been purchased by an out-of-state real estate investor for $22.6 million, becoming the Philadelphia region’s latest grocery store property to trade hands in the last several years. ExchangeRight of Pasadena, California, acquired the 128,000-square-foot Wegmans in North Wales from Kohan Retail Investment Group. Great Neck,… Read more »
Glu Hospitality plans to open six new Bagels and Co. locations across Philadelphia in the next few months after launching the fast-casual dining concept last summer as part of a shift in focus amid the pandemic. Led by co-founders Derek Gibbons and Tim Lu, the hospitality company was forced to scale back normal operations at restaurants like Añejo… Read more »
