The Giant Company’s ongoing expansion into Philadelphia will make its biggest leap yet next month with the debut of a flagship, two-level market in Logan Square. The project, announced last year, is the centerpiece of the new Riverwalk mixed-used development. The 65,000-square-foot store will be located in a 25-story residential building at 60 N. 23rd… Read more »
In Philadelphia, several new developments including South Quarter Crossing, Sharswood Ridge at 2000 Ridge Ave., and a proposed development at 1100 Wharton St. will be anchored by grocery stores. They will join 1300 Fairmount, where an Aldi opened last year, and Rodin Square where Whole Foods has a location. Among the pioneers in this regard is… Read more »
The Giant Company plans to construct a new store in Northeast Philadelphia in 2021, adding its fifth location within the city. The Carlisle-based supermarket chain announced Tuesday that it will build the 67,000-square-foot market on Cottman Avenue at the corner of Bustleton Avenue. The new store will include a beer and wine eatery, expanded plant-based… Read more »
Wells Fargo & Co. has announced plans to close 25 more branches, including two in Philadelphia, as part of its broader plan to cut billions of dollars in costs to keep pace with its rivals. The impacted branches include 5458 Germantown Ave. in Germantown and 2300 Snyder Ave. in South Philadelphia. They are among a… Read more »
Draught Horse Pub & Grill, a go-to watering hole for Temple University students and faculty for the last 20 years, is permanently closing this month, Director of Operations Mike Frost told the Business Journal on Monday. The North Philadelphia concept, known for an extensive beer menu and pub food like tacos, burgers and sandwiches, will close by Feb. 17,… Read more »
TD Bank will close 81 of its 1,223 retail branches, almost 7% of all locations, as the Covid-19 pandemic accelerates the switch from brick-and-mortar to digital banking. Cherry Hill-based TD, the U.S. retail banking arm of Toronto’s TD Bank Group (NYSE: TD), said the closings will take place by April 23. They include locations in… Read more »
For retailers such as Boyds, a clothing and accessory store that caters to well-heeled Philadelphians, the pandemic has been challenging and this past holiday shopping season even more vital to its future. The retailer opened a pop-up store at Ardmore’s Suburban Square in October to test the suburban market for the first time in its more… Read more »
Wawa is taking to Bucks County on Friday to open the first standalone drive-thru-only convenience store in its footprint that includes more than 900 locations. The 1,800-square-foot store at 549 W. Trenton Ave. in Morrisville will boast a single-lane drive-thru that has a capacity for 12 cars at a time. The location will operate daily… Read more »
The Giant Co. will locate one of its grocery stores in a portion of a vacant Sears in Northeast Philadelphia that will undergo a $24 million redevelopment. Giant will occupy about 60,000 square feet of the three-story, 237,151-square-foot property at Great Northeast Plaza at the intersection of Bustleton and Cottman avenues. It is one of… Read more »
Pennsylvania Real Estate Investment Trust will relinquish much of its involvement in Fashion District Philadelphia beginning Jan. 1, leaving its partner in the project, Macerich Cos., to control the operations and make decisions involving the Philadelphia retail center, according to Securities and Exchange Commission documents filed by PREIT. The arrangement arose as part of… Read more »
