Commerce
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Fiore Rosso in Bryn Mawr Changes Look, Leadership Team, and Introduces Home-Cooked-Style Menu
Italian steakhouse Fiore Rosso recently changed its look, leadership team, and menu to create a fresh narrative around the distinguished restaurant in Bryn Mawr, writes Ben Silver for the Main Line Today. After receiving a mixed review in Philadelphia Magazine when it first opened in 2022, the restaurant picked up an unearned reputation that made…
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American Red Cross Center City Building Goes Up for Sale, Conversion Likely
A five-story Center City West office building currently owned by American Red Cross is going up for sale, writes Paul Schwedelson for the Philadelphia Business Journal. The 52,676-square-foot building was most recently assessed by the city at $12.2 million. It being on the market presents another conversion opportunity in an area of Philadelphia that has…
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Iconic Northeast Philadelphia Ice Cream Shop, Twistee Treat, Goes Up for Sale
Twistee Treat, the iconic Northeast Philadelphia ice cream shop, is going up for sale for $150,000, writes the FOX 29 staff. The shop is known for its 27-foot-tall cone-shaped building in Mayfair. Mohammed Nasher, owner of Twistee Treat since last August, said he is preferably looking for a buyer from the nearby community who can…
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Fox Chase Cancer Center Receives $10.8M Donation From Late Philanthropist, Cancer Research Champion
Fox Chase Cancer Center was recently gifted with $10.8 million, which will be used to support pancreatic cancer services and research, writes Sarah Gantz for The Philadelphia Inquirer. Specifically, the $10.8 million will support The Marvin and Concetta Greenberg Pancreatic Cancer Institute at Fox Chase, which was established in 2017. The donation comes from the…
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House of the Week: Exceptional Stone Colonial in Oxford Circle
An exceptional colonial set on 0.38 lovely acres with seven bedrooms and three bathrooms is available for sale in Oxford Circle. This attractive residence features a thick stone facade along with two lion sculptures guarding the entry steps. . . The many stunning details throughout the home include hardwood flooring, decorative Mahogany woodwork, inlays, and…
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Malvern-Based Annovis Bio to Focus Future Development of Its Experimental Drug on Early Alzheimer’s Patients
Malvern-based Annovis Bio plans to focus on patients who have the early form of Alzheimer’s disease in the future development of its experimental treatment for the neurodegenerative disorder, writes John George for the Philadelphia Business Journal. The move is based on the analysis of the mixed results from the biopharmaceutical company’s most recent study. Annovis…
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Jason and Travis Kelce Are Now the Proud Owners of Garage Beer
Jason Kelce is not sitting still in retirement. Jason and his brother Travis have teamed up to become “significant’ owners and operators of Ohio-based Garage Beer, writes John George for Philadelphia Business Journal. “People crave quality and simplicity, and Garage Beer nails both for me,” Jason Kelce said in a statement. “For me, the brand…
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Philadelphia Ranks Among the Top 25 Best Cities in the World to Launch a Startup
Philadelphia is among the world’s top 25 cities for its startup ecosystem, writes Sarah Huffman for Technical.ly. The ranking comes from the annual Global Startup Ecosystem Report from trade association and research group Startup Genome and the Global Entrepreneurship Network. Philly moved up two spots from its No. 27 ranking last year. Tiffany Wilson, president…
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Philadelphia Developers Purchase Two Old City Buildings in Joint Venture
Lubert-Adler Real Estate Funds and Keystone Development and Investment, two Philadelphia developers, are finalizing a deal to purchase two Old City buildings, writes Paul Schwedelson for the Philadelphia Business Journal. The two buildings are the 10-story Bourse building and the 12-story 400 Market Street building, respectively. Once finalized, the developers plan to convert the neighboring…
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Germantown YWCA Saved Thanks to Controversial Pennsylvania Law
Germantown YWCA, which had set vacant for almost two decades, was saved thanks to a rare use of a controversial Pennsylvania law, writes Aaron Moselle for WHYY. Following a lengthy legal battle, nonprofit reBuilding Blocks took control of the dilapidated building with the help of a real estate attorney and testimony from the building’s neighbor,…
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Korean BBQ To Replace Olive Garden Near Willow Grove Mall
A Top Pot & Korean BBQ is taking over the longtime location of an Olive Garden restaurant in Abington Township near the Willow Grove Park Mall, writes Dino Ciliberti for Patch. The new restaurant has an all-you-can-eat, grill-at-your-table Korean barbecue and Chinese-style hot pot. Customers cook their food at the table with a simmering pot…
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Wawa Begins in the Midwest With It Largest Expansion Ever
Wawa’s largest expansion has begun. The Delaware County convenience store chain broke ground for its first stores in Kentucky, Ohio and Indiana this month and plans to open up 160 stores in the three states in the next five to eight years, writes Emma Dooling for Philadelphia Business Journal. It’s a $1.2 billion investment in…
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Philadelphia Gets $3M in Opioid Settlement Funding, 43 Local Nonprofits Awarded
Philadelphia was recently awarded $3 million through the city’s Overdose Prevention and Community Healing Fund, writes the NBC 10 Philadelphia staff. As a result of the new funding, 43 local nonprofit groups were awarded, primarily serving Kensington and North Philadelphia. According to city officials, the grants were divided up into 14 organizational support grants of…
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Penn Professor Talks Emergence of AI, Seeks to Quell Fears
Chris Callison-Burch, a University of Pennsylvania professor and AI expert, has been working and researching in the field since the early 2000s. As AI has continued its emergence and some are dreading its impact on society, Callison-Burch aims to quell the fears, writes Malcolm Burnley for Philadelphia Magazine. “As the technology keeps advancing, I think…
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The Era of Higher Savings and Bond Rates Continues; Make Moves with Your Cash Now
Americans keeping their money in savings accounts in commercial banks are losing a lot of potential earnings amidst surging returns on bonds and other savings vehicles, write Oyin Adedoyin and Ashlea Ebeling for The Wall Street Journal. Many people have already taken advantage of the era of higher savings and bond rates ushered in by…
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Chester County Creameries Taking Part in Ice Cream Trail This Summer
Bring your appetite to “Scooped: An Ice Cream Trail,” which is back this summer to provide visitors with delicious homemade ice cream and maybe learn something new along the way, writes Sue Gleiter for Penn Live Patriot-News. Since 2018, the ice cream trail has become an integral part of Pennsylvania tourism and agriculture. The 2024…
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Philadelphia Leadership: Randy Hayman, Esq. Commissioner and CEO, Philadelphia Water
Randy Hayman, Commissioner and CEO of the Philadelphia Water Department, spoke to PHILADELPHIA Today about growing up in St. Louis and being the son of a teacher and principal who helped him find opportunities to succeed despite discrimination. From a young age, he was drawn to leadership, public speaking, and music. Hayman recalled attending Georgetown…
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Turn 7 Owner Seeks to Bring More Discount Retail Stores Throughout Greater Philadelphia
Rick Forman, founder of discount retailer Turn 7 and local discount chain Forman Mills, is looking to expand the brand’s footprint in the Greater Philadelphia region, writes Emma Dooling for the Philadelphia Business Journal. This comes as one of its existing stores gets ready to close. Forman is looking for more locations throughout the region…
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