Commerce
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WSJ: Philadelphia-Based Five Below Raises Full-Year Outlook Again After Strong Third-Quarter Sales, Profit
After reporting a jump in third-quarter profits and sales, Philadelphia-based Five Below has raised its full-year outlook, and has revised projections upward for the second quarter in a row, writes Katherine Hamilton for The Wall Street Journal. The value retailer now anticipates annual revenue of between $4.62 billion and $4.65 billion, which are just above…
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Apartments, Swimming Pool, and Redeveloped Retail Space Planned for Historic Wanamaker Building
TF Cornerstone, the owner of the Wanamaker building, is seeking to transform the historic property into residential space while redesigning the first three floors that previously housed Macy’s to accommodate multiple retail tenants, writes Paul Schwedelson for the Philadelphia Business Journal. The plans for the 114-year-old building, which spans an entire block just east of…
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Subway Line That Would End in Neshaminy Included in PennDOT’s New Proposals for Roosevelt Boulevard
The Pennsylvania Department of Transportation has submitted three new proposals that aim to make the Roosevelt Boulevard corridor safer including a subway line that would run up to Neshaminy in Bucks County, writes Emma Dooling for the Philadelphia Business Journal. In conjunction with the City of Philadelphia and SEPTA, PennDOT plans to narrow down its…
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Philadelphia Developer Obtains Lease on Five Historic, Long-Neglected SEPTA Stations
SEPTA’s board recently approved a deal to give Philadelphia developer Ken Weinstein and his firm, Philly Office Retail, a 99-year lease on five historic and long-neglected rail stations in Northwest Philadelphia, writes Jake Blumgart for The Philadelphia Inquirer. The five stations are: Tulpehocken in Germantown; Carpenter, Mount Airy, and Upsal in Mount Airy; and Gravers…
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Chester County Certifies 2025 Election Results While Awaiting Poll Error Investigation
Chester County Board of Elections certified the 2025 general election results in a tense meeting marked by expressions of frustration from upset attendees, writes Kenny Cooper for WHYY. The three-member board cast a 2 to 1 vote on Friday after offering additional apologies for third-party voters being excluded from poll books, an issue that remains under investigation. The lengthy public…
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Following Abrupt Closure, Rocco’s at The Brick Releases Statement with Update
After its abrupt closure, Rocco’s at The Brick in Newtown issued a statement earlier this week to thank customers and address concerns regarding gift cards, writes Jeff Werner for the Patch. “Your support has made this transition easier, and we are incredibly grateful for each of you,” wrote the eatery. Rocco’s also noted, in response…
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Delaware County Retired Couple Keep Coffee, Community Flowing
A retired Delaware County couple is “brewing community one cup at a time” from their online coffee shop based in Brookhaven, writes Tamala Edwards for 6abc. Mark and Beth Kessler co-founded Third Horse Coffee about three years ago. They sell specialty coffee, artisan roasted from Golden Valley Farms, a family-owned West Chester roaster. “It’s really…
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New Temple University Residence Hall in Works for North Philadelphia, RFP Issued for Project
Temple University plans to build a new residence hall near Broad and Norris streets in North Philadelphia and has issued a request for proposals for the project, writes Noah Zucker for BisNow. “That will allow us, after that’s completed, to use that as swing space to take two of our residences and do a full…
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Franklin Mall Goes Up for Sale, Several Options in Play for Property’s Future
Franklin Mall, Philadelphia’s largest outlet mall and the second largest in Pennsylvania, has been put up for sale, writes Emma Dooling for the Philadelphia Business Journal. JLL, the real estate firm marketing the mall for sale, has not listed an asking price for the property. With the 137-acre property now on the market, a number…
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Comcast Will Not Further Pursue Warner Bros. Discovery After Failed Bid
Comcast co-CEO Michael Cavanagh disclosed the details of the Philadelphia company’s failed bid for Warner Bros. Discovery on Monday, stating that it would not reenter the process after a hostile bid from Paramount sought to interfere with the Netflix deal announced last week, writes Ryan Mulligan for the Philadelphia Business Journal. Comcast suggested folding a…
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House of the Week: Beautiful Corner Apartment in Center City
A beautifully appointed corner apartment at Parc Rittenhouse with two bedrooms and two full bathrooms is available for sale in Center City. This sophisticated residence offers a beautifully refined setting with every room overlooking Rittenhouse Square, which creates an exceptional sense of light, scenery, and comfort throughout. . . Among the standout spaces are the…
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Temple University Senior Credits Mentorship, Community Work for Helping Her Thrive As College Student
Years before she could even start applying for colleges, Michelle Tanujaya knew it was something she wanted to pursue in her life. While she wasn’t exactly sure what she wanted to major in, “I knew higher education was really important to me, and I wanted to tmake the most out of the opportunities that my…
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Pennsylvania Emerges as Major Hub for Gas-Powered Data Centers
Pennsylvania is rapidly emerging as a major center for gas-powered data centers, based on newly released analysis from research firm BloombergNEF, writes Chrissy Suttles for AXIOS. Pennsylvania’s data center capacity is being boosted by policy incentives, billions in investments, and abundant natural gas reserves, as developers compete to secure new power sources to meet rising…
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Brandywine LaunchBox Holds Second Annual LionCage Pitch Competition
The Brandywine LaunchBox partnered with the Great Valley LaunchBox and the Chester County Economic Development Council’s Ideas x Innovation Network (i2n) to present the second annual LionCage Pitch Competition on Nov. 14. The event highlighted entrepreneurs and innovators across southeastern Pennsylvania, writes Christina Billie for Penn State Brandywine. Hosted at Penn State Great Valley and…
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Aqua Pennsylvania Urges Customers to Protect Pipes as Near-Record Cold Moves In
With temperatures expected to stay below freezing this week, Aqua is urging customers to take immediate steps to prevent frozen pipes, which can result in costly repairs and leave families without running water during the coldest days of the year. Pipes become especially vulnerable when temperatures stay below freezing for extended periods of time. Tips…
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With a Giant in Place, the Shoppes at Concord in Glen Mills Can be Built
Giant will be the anchor for the Shoppes at Concord, a planned 155,000 square-foot shopping center in Glen Mills, writes Ryan Mulligan for the Philadelphia Business Journal. With an anchor in place, Retail Sites can go ahead with the shopping center construction, expected to start in 2026 after years of delay. Construction should take between…
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Bellwether District Announces West Coast-Based Canned Beverage Company As First Tenant
The Bellwether District is set to host the first Northeastern United States factory of West Coast-based canned beverage company DrinkPAK, writes Jake Blumgart for The Philadelphia Inquirer. The 1,300-acre Bellwether District occupies the former site of the South Philadelphia oil refinery. The HRP Group has remediated the property into a warehouse, manufacturing, and life sciences…
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Travel + Leisure Names Philadelphia Among 50 Best Places to Travel in 2026 for Food and Drinks
As people continue brainstorming or finalizing travel plans for 2026, Travel + Leisure Editors have compiled a list of options and Philadelphia made the top 50 list. Philadelphia has been named one of the top food and drink destinations. Why? “Philly these days is all about the innovative, award-winning chefs from around the globe who…
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