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Pennsylvania Hospital in Philadelphia to Become Museum for America’s 250th Birthday
Pennsylvania Hospital, the oldest hospital in the country, is set to become Philadelphia’s newest museum as part of this year’s celebration of America’s 250th birthday, writes Stephanie Stahl for CBS News Philadelphia. Founded 25 years before the nation itself, the hospital continues to stand at the forefront of medical care today. “We’re the first chartered…
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Five Below’s Turnaround, Lifting Stock Threefold, Can Be Credited to This Shopping Demographic
A renewed focus on teen shoppers has helped Philadelphia-based Five Below offset tariff pressures, positioning the retailer as one of retail’s standout comeback stories, writes Rachel Phua for Bloomberg. Following a five-year stock low that was triggered by President Donald Trump’s April 2024 tariff announcement, the retailer reworked its strategy around licensed products tied to…
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After 50 Years, Owners of Historic Cherry Street Tavern Near Deal to Sell 124-Year-Old Bar
After operating the Logan Square landmark for 50 years, the owners of Cherry Street Tavern have listed the 124-year-old bar for sale and are close to finalizing a deal, writes Mike Newall for The Philadelphia Inquirer. Originally opened as a bar around 1902, the tavern survived Prohibition by operating as a barbershop. Much of its…
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Philadelphia Hotel Rises 116 Spots in Annual Ranking, Two Others Drop Considerably
U.S. News & World Report has released its latest annual ranking of the top 100 hotels in the nation, and while the region had a weaker performance than year’s past, one Philadelphia hotel moved up considerably, writes Emma Dooling for the Philadelphia Business Journal. The Four Seasons Hotel Philadelphia moved up 116 spots from No.…
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Comcast’s NBC Invests $8 Billion in Live Sports Content in Effort to Grow Viewership Numbers
NBC is busy at work in terms of its sports content for this month as its parent company, Comcast, aims to keep up with its competitors, writes Hannah Miller for Bloomberg. Comcast has labeled Feb. 2026 as “Legendary February,” as NBC and its subsidiaries are playing host to several major sporting events this month alone.…
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Planned South Philadelphia Stadium District Development Project, Opposed By Many, Unravels
A major development in South Philadelphia’s stadium district, opposed by the Phillies, Eagles, and Comcast Spectacor, appears to have collapsed after the real estate partnership behind the project dissolved last summer, writes Jake Blumgart for The Philadelphia Inquirer. The project, which would have brought 1,367 residential units to the district, was unveiled in 2024 as…
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Long-Vacant LOVE Park ‘Flying Saucer’ Could Soon Gain New Life By This Spring
The Love Park Welcome Center, the Philadelphia landmark, has been vacant for over a decade, but that could soon change by the spring, writes Tom MacDonald for WHYY. The “flying saucer” closed in 2021 when LOVE Park underwent a complete renovation. At the time, the post-renovation plan was for the structure to become a restaurant.…
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Germantown Friends School Buys Adjacent Historic Bank Building for $2M in Expansion Move
Germantown Friends School recently acquired a historic 11,000-square-foot building housing a Wells Fargo branch for $2.05 million, writes Ryan Mulligan for the Philadelphia Business Journal. The acquisition increases Germantown Friends School’s Philadelphia presence to nearly a full city block. The 94-year-old building, located at 5452-58 Germantown Avenue, occupies over an acre. The school currently has…
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Walking on Frozen Schuylkill River is Both Dangerous and Illegal, Philly Police Warn
Philadelphia police are warning the public to avoid ice-covered bodies of water, including the frozen Schuylkill River, or risk facing fines, writes Michael Tanenbaum for PhillyVoice. The frozen river’s allure is strong, particularly because it only freezes a few times each decade, tempting some people to venture onto the ice. “We’re getting reports of people…
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After Sonder’s Collapse, Witherspoon Building Returns to Long-Term Rentals
The 186-unit Witherspoon Building has transitioned from short-term rentals into a more traditional leasing model following the sudden collapse of Sonder Holdings, writes Emma Dooling for the Philadelphia Business Journal. SSH Real Estate, which owns the Center City building in partnership with Young Capital, is now repositioning the property as a traditional rental asset. According…
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MLB Plans to Invest Millions in Philadelphia Communities for 2026 All-Star Weekend
In 2019, the MLB did something it doesn’t typically do in announcing the host city of its All-Star Game seven years in advance. Knowing that 2026 is the 250th birthday of America, the league knew there was an opportunity there that it could not miss, writes Emma Dooling for the Philadelphia Business Journal. “We put…
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Temple University Unveils New 10-Year Strategic Plan for Institution, North Philadelphia Region
Since being installed as the new president at Temple University, John Fry has been detailing his vision for the future of the institution. Last week, Temple unveiled its new, long-term strategic plan for the future, writes Susan Snyder for the Philadelphia Business Journal. The plan, called “Forward with Purpose” has been approved with the target…
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America’s Largest Privately Held Real Estate Brokerage Enters Philadelphia Market
Howard Hanna Real Estate Services, the largest privately held real estate brokerage in the nation, is now in the Philadelphia market and is already looking ahead to expanding, writes Paul Schwedelson for the Philadelphia Business Journal. The brokerage firm entered in Philadelphia by bringing on the team at Long & Foster Real Estate. This one…
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Philadelphia Sees Decline in International Visits, Neighboring Nation Leads the Trend
Philadelphia experienced a decline in international tourism last year, with visits from Canadians dropping sharply as part of a broader nationwide trend, writes Mike D’Onofrio for AXIOS Philadelphia. This marks the first decline since 2020, when the pandemic brought most travel to a halt. Although both the city and the nation are expected to see…
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Amazon to Shutter All Amazon Fresh Stores, Including Philadelphia’s Only Location in Northern Liberties
Amazon has announced its plans to shut down all its Amazon Fresh and Amazon Go stores, write Kate King, Sean McLain, and Joseph De Avila for The Wall Street Journal. The move is being done as a way for the company to shift its focus on its online same-day delivery service, as well as expanding…
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This Philadelphia Firm Will Manage Concessions for FIFA World Cup Fan Festival in Lemon Hill This Summer
Endless Consulting, a Philadelphia-based firm has been chosen to lead food and beverage concessions for Philadelphia’s FIFA World Cup Fan Festival this summer, writes Emma Dooling for the Philadelphia Business Journal. While the firm typically manages hospitality for large events that last up to a week, Endless Consulting will be entrusted to run operations for…
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Comcast Nears $117.5M Settlement Deal in Yearslong Data Breach Lawsuit Proceedings
Comcast has reached a $117.5 million deal to settle 24 class-action lawsuits stemming from a 2023 data breach that might have impacted more than 30 million customers, writes Abraham Gutman for The Philadelphia Inquirer. The agreement received preliminary approval from a federal judge earlier this month. If the current terms of the agreement gets fully…
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Philadelphia Ranks Among Best Startup Cities in Nation as Funding Freeze Shows Signs of Thawing
Philadelphia ranks among the top ten best startup cities that have at least 1 million residents, as the funding freeze that has lasted several years starts to ease, writes Ryan Mulligan for the Philadelphia Business Journal. The Philadelphia innovation ecosystem placed eighth in a recent CommercialCafe ranking, beating out cities such as Chicago, Los Angeles,…
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