Center City
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Wanamaker Building Could Be Headed to Auction Following Latest Court Ruling
The historic Wanamaker Building could be headed for auction after a court ruling in the foreclosure case, which sided with lender TF Cornerstone and removed the possibility of a trial, writes Paul Schwedelson for the Philadelphia Business Journal. The New York developer has been working on seizing control of the beleaguered Center City office building…
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Philadelphia’s First Major Office-to-Residential Conversion Went Smoothly, Leasing Starts in March
Philadelphia’s first major office-to-residential conversion since the pandemic is set to be completed this spring, with leasing beginning in March, writes Jake Blumgart for The Philadelphia Inquirer. Alterra Property Group’s conversion of 1701 Market Street is the only such major project nearing completion, despite ongoing discussions over turning empty office spaces into residences since 2020,…
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WSJ: Comcast Reports Higher Revenue, Profit Thanks to New Blockbuster Film, But Broadband Customers Drop
Philadelphia-based Comcast saw its revenue and profits rise last quarter, partly due to the success of the hit musical Wicked, but it has continued to lose broadband customers, writes Patience Haggin for The Wall Street Journal. The cable and entertainment giant lost another 139,000 broadband customers in three months, shrinking its base of 32 million…
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The African American Museum in Philadelphia Announces Programming for Black History Month
The African American Museum in Philadelphia (AAMP) has announced its lineup of programming and events in honor of Black History Month, which this year is nationally themed “African Americans and Labor.” The 2025 theme delves into the vital contributions of Black people across the spectrum of work, skilled and unskilled, free and unfree, voluntary and…
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How Do Philadelphians, Shoppers Feel About the Fashion District? Many Shares Their Thoughts
While not the King of Prussia Mall, many local shoppers see the Fashion District as a good-enough place to shop, dine, browse, and meet up with friends, writes Erin McCarthy for The Philadelphia Inquirer. Most have agreed that it is not the most exciting mall in the region, and doesn’t have quite the same allure…
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Historic Center City Building, Once Home to Philadelphia Elks Lodge, Hits Market for $5.75M
A historic Center City building, once home to the Philadelphia Elks Lodge and later the Salvation Army, is currently on the market for $5.75 million, writes Paul Schwedelson for the Philadelphia Business Journal. The three-story building at 1320 Arch Street, facing the Pennsylvania Convention Center, was built in 1905. Currently vacant, it offers potential buyers…
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Mütter Museum Appoints Former Temple Health Leader As New President and CEO
The Mütter Museum and the College of Physicians of Philadelphia has named former Temple University Health System executive Larry Kaiser as its new president and CEO, writes Michaela Althouse for PhillyVoice. “I think that the college and the museum are positioned for great days ahead, and I am delighted for the chance to lead this…
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Inside Philadelphia’s Newest Jazz Lounge and Gaming Destination
Philadelphia recently opened its newest newest entertainment and music venue, and it is already a must-visit, reports Astrid Martinez for NBC 10 Philadelphia. Cellar Dog, a jazz lounge and gaming destination, is now open along South 15th Street. “Finding this spot in Center City, where there’s so much action, I think we’re just going to…
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New Center City District Report Shines Light on Downtown Retail Trends
The Center City District recently released its latest report on downtown Philadelphia retail, but while experts say it has stabilized, there is still room to grow, writes Meir Rinde for Billy Penn at WHYY. According to the report, the retail occupancy rate for the area spanning from Girard Avenue to the north to Tasker Avenue…
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New 255-Unit Luxury Tower Opens in Center City
Southern Land Co. recently opened a new 255-unit, 27-story luxury tower in Center City, writes Claudiu Tiganescu for Multi Housing News. RBC Bank issued a $112 million construction loan in 2022, according to Yardi Matrix data. That same year, the developer broke ground on the tower and topped out in 2023. The new luxury tower,…
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Comcast May Spin Off Its Cable Networks into Standalone Company
Comcast is contemplating the prospect of spinning off its cable networks into its own, standalone company, writes Ryan Mulligan for the Philadelphia Business Journal. The Philadelphia media and technology conglomerate is also open to partnerships with its streaming platform, Peacock. Comcast’s cable networks include Bravo, USA Network, the NBC family of channels, and Syfy, among…
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Bassetts Ice Cream Expansion to Asia Increases Iconic Shop’s Popularity
The iconic Bassetts Ice Cream in Reading Terminal Market, the oldest ice cream shop in America, has been expanding across Asia with the help of a little-known federal agency that makes international trade less risky, writes Kristen Mosbrucker-Garza for WHYY. Bassetts Ice Cream was the first business to sign a lease at Reading Terminal Market…
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Philadelphia Gains New Portal, Connecting City to the World
Philadelphia recently installed a new Portal at LOVE Park, providing the city with a window into the world, write Joe Brandt, Scott Hezlep, and Marcella Baietto for CBS News Philadelphia. The new portal was relocated from New York City’s Flatiron Plaza and allows people to connect with three European countries: Ireland, Poland, and Lithuania. It…
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Mayor Cherelle Parker Outlines Array of Transformative Development Plans Around East Market Arena
After putting her full support behind the Philadelphia 76ers’ proposed arena on East Market Street, Mayor Cherelle Parker also revealed a number of further real estate development plans for the struggling shopping corridor, write Jake Blumgart and Ryan W. Briggs for The Philadelphia Inquirer. One plan is the proposal for a further 720 units of…
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West Chester Native, MLB Outfielder Chas McCormick Marries Longtime Partner in Philadelphia
Love bells were ringing in Philadelphia last weekend when West Chester’s Chas McCormick of the MLB’s Houston Astros officially tied the knot with his longtime partner, Courtney Zadinski, writes Erin Clack for People. The newlyweds held their wedding at the Ballroom at the Ben, blocks away from the Liberty Bell Center and Independence Hall in…
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Two Philadelphia Hotels on Michelin Guide’s First Full List of Top Places to Stay in Country
Two Philadelphia hotels made the Michelin Guide’s first full list of top accommodations nationwide and were awarded a “Key Hotel” designation in its new hotel rating system, write Eva Andersen and Casey Kuhn for CBS News Philadelphia. Michelin introduced a new system where the best hotels are awarded one, two, or three keys. The rating…
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Franklin Institute Opening Two Exhibits As Part of $20.5M Investment, 200-Year Anniversary Celebrations
This fall, the Franklin Institute will be opening two new permanent exhibits, featuring two of its most popular artifacts as part of a recent $20.5 million investment, writes Emma Dooling for the Philadelphia Business Journal. On November 23, the cultural institution will open its $12 million Hamilton Collections Gallery, which houses its 350-ton Baldwin locomotive.…
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Barnes and Noble’s Center City Store Had Unique Way to Celebrate National Read-A-Book Day
Barnes and Noble decided to try something new for this year’s National Read-A-Book Day, writes Peter Crimmins for WHYY. Rather than placing books by local writers in the windows of its Center City store, Barnes and Noble Center City manager Lynn Rosen instead asked two dozen local authors to silent read one of their favorite…
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