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Longtime Fairmount Restaurant Owner Sells, New Restaurant Set to Come In Soon
Salvatore De Cristofaro, the longtime chef and owner of Figs in Fairmount, has sold his BYOB to veteran private chef and cooking instructor Landi Prendi, writes Michael Klein for The Philadelphia Inquirer. Prendi plans to reopen the space as Valentina Italian Ristorante by the end of May 2026. Cristofaro’s move to sell marks the end…
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Inside A Philly Architect’s Mission to Revive Market East Through A Rethinking of Retail
Market East, like many commercial corridors in Philadelphia and throughout the nation, has seen an increasing amount of empty storefront. With e-commerce becoming a more prevalent entity, it’s forcing those in the retail industry to find new ways of thinking about retail. This summer, six pop-up storefronts will be opening up at Market East as…
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New Features At Penn Dry Goods: Antiques, Lectures, Demonstrations Fill Two Days In May
The Schwenkfelder Library & Heritage Center is reimagining its annual Penn Dry Goods for 2026 with new features sure to appeal to those who live regionally. All are invited to the event on Friday, May 15, and Saturday, May 16, for shopping, learning, and eating. This year, though, there are some features that require advance…
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Temple University Obtains Three Seven-Figure Gifts, Totaling $7.5 Million
Temple University has extended its recent fundraising efforts after receiving three new gifts, totaling $7.5 million, writes Ryan Mulligan for the Philadelphia Business Journal. The largest of the three gifts is a $5 million donation that will be used to launch the Oller Rule of Law Center at Temple’s Beasley School of Law. It will…
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Demand Outpaces Supply as Center City Apartment Vacancy Falls
Apartment vacancy in Center City continues to decline even as developers accelerate conversions of distressed office towers into hundreds of new residential units, writes Paul Schwedelson for the Philadelphia Business Journal. “There’s certainly tremendous amount of demand for people to live here in Center City,” said Alterra Property Group Principal Connor Burke. “We’ve seen that…
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Meet the Philly Chess Master Who is Now a Jeopardy! Champion
Rittenhouse Square resident and local chess master Greg Shahade is also now a Jeopardy! champion after ending the 31-game win streak of Jamie Ding, writes Victor Fiorillo for Philadelphia Magazine. Shahade just recently got into trivia a few years ago. He took the online Jeopardy! test a few times before first being invited to do…
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Philadelphia Raises $2.17 Billion in Venture Capital in Q1 of 2026, But How Much Will the Region Actually See?
Philadelphia saw $2.17 billion in venture capital investments in Q1 of 2026, which would be the third highest quarterly total on record. While the venture capital market is showing strength, beneath the big number is another reality that much of the funding is concentrated in a small number of massive deals, some of which from…
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Philadelphia Parking Authority Unveils New Transportation Center, Open May 1
Philadelphia residents, travelers, and visitors will soon have a new transportation center to go to at the site of a shuttered bus terminal in Center City, writes Hayden Mitman for NBC10 Philadelphia. The center officially opened on Friday, May 1, the Philadelphia Park Authority’s new transportation center is the culmination of a yearslong ordeal. After…
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Philadelphia Youth Orchestra Music Institute Receives $1.5 Million Gift, Its Largest Ever
The Philadelphia Youth Orchestra Music Institute (PYOMI) has received its largest philanthropic gift ever with a $1.5 million donation from the Walter R. Garrison Foundation, writes Peter Dobrin for The Philadelphia Inquirer. As a result of the gift, the Philadelphia Youth Orchestra Music Institute has announced a new campaign to renovate and restore its home…
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Philadelphia Malls Are Not Dying, But Rather Evolving Thanks to E-Commerce
The experience of walking into a mall is much different today than it was a few decades ago. Due to modern technology, alternate shopping habits, and the decline of several retail brands, many are asking the question: Are malls dying? Moreover, the Philadelphia region is home to more than a dozen indoor shopping malls and…
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How Philadelphia Got World Cup Right: Cheap Transit, Free Fan Fest, and Tailgating
Private money, as well as meticulous behind-the-scenes preparation have turned Philadelphia into a World Cup host that other cities now envy, writes Jonathan Tannenwald for The Philadelphia Inquirer. However, while Massachusetts and New Jersey have decided to charge significantly steeper transit fares for fans, Philadelphia will continue to charge just $2.90. Several stadiums have banned…
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Hanwha Philly Shipyard Aims to Hire Up to 10,000 Workers, Quadrupling Workforce
South Korea-based Hanwha plans to quadruple its workforce at the Philadelphia Navy Yard shipyard, by aiming to hire up to 10,000 workers over the next five years, writes Ryan Mulligan for the Philadelphia Business Journal. The hiring spree is part of an effort to expand the shipyard’s production capacity more than tenfold, which should increase…
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Center City Retail Rebounds, But Still Short of Pre-Pandemic Peak
Vacant retail spaces in Center City have declined in recent months, but occupancy still remains below the pre-pandemic peak in 2019, writes Ariana Perez-Castells for The Philadelphia Inquirer. According to a new survey released by Center City District, 84.2 percent of retail spaces in Center City are currently filled, an improvement from six months ago…
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Richard Lazer, Port of Philadelphia’s Next CEO and Executive Director, Eyeing Further Growth
Richard Lazer, who has served as executive director of the Philadelphia Parking Authority since 2022, has been unanimously selected as the next CEO and executive director of the Port of Philadelphia, writes Ryan Mulligan for the Philadelphia Business Journal. He will be the successor to Jeff Theobald, who is set to retire from the role…
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St. Joe’s Prep Receives Largest Donation Ever Given to a U.S. Catholic High School
St. Joseph’s Preparatory School recently received a massive $74 million gift, an amount that points to being the largest donation ever gifted to a Catholic high school in the United States, writes Ryan Mulligan for the Philadelphia Business Journal. The gift was given by the Howley Foundation, led by St. Joe’s Prep alumnus and billionaire…
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Former Adult Entertainment Venue in South Philly Sold for $2.3 Million, Will Be Repurposed
Show & Tel, an adult entertainment club in South Philadelphia that had been open since the 1990s, has been closed and will soon be repurposed, writes Michael Tanenbaum for PhillyVoice. The 32,000-square-foot property was sold for $2.3 million and will be redeveloped as a storage facility and office space. The property was listed for $3.5…
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We Now Know Where Future Sixers, Flyers Arena Will Be Built
Comcast Spectacor and Harris Blitzer Sports & Entertainment has announced the exact location of the new arena that will be shared by the Sixers, Flyers, and the city’s new WNBA expansion team, writes Tom Dougherty for CBS News Philadelphia. The new arena will be constructed in the southeast corner of Broad Street and Pattison Avenue,…
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Philadelphia’s Ring It On Campaign Officially Kicks Off As City Drives Investments Across 20 Commercial Corridors
Philadelphia has officially kicked off its Ring It On! One Philly: A United Celebration campaign, with the first of 20 community festivals set to take place throughout the city through the end of the year. The kickoff event launched on Thursday, April 16, in Point Breeze with a press conference, followed by a market festival…
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