Center City
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After Historic 2024, Center City’s Housing Boom Expected to Drop Drastically This Year
Center City saw a record amount of housing production in 2024, but that pace is expected to drop considerably this year, writes Paul Schwedelson for the Philadelphia Business Journal. A number of developers began angling to receive permits before the 10-year tax abatement and low interest rates were scaled back by the end of 2021.…
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Autopark at Jefferson, Center City PPA Garage, Set To Be Demolished and Redeveloped
The Philadelphia Parking Authority has announced plans to demolish and redevelop a five-story parking garage in Center City, writes Paul Schwedelson for the Philadelphia Business Journal. The Autopark at Jefferson garage, which sits adjacent to Jefferson Health will be turned into a new garage with retail space along Chestnut Street. The new eight-story garage will…
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Nike’s Jordan Brand World of Flight Store One Step Closer to Opening Planned Center City Store
A major hurdle has been cleared in regards to Nike’s plan of opening a new World of Flight store in Center City, writes Michael Tanenbaum for PhillyVoice. The city recently approved the changes the company had proposed to make to the Walnut Street storefront in which the business will operate. The planned Philadelphia store would…
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Find Out How Much Revenue Center City Hotels Gained from Eagles’ Super Bowl Run
Hotels in Center City gained a significant boost from the Philadelphia Eagles’ Super Bowl run during what is typically a slow period, writes Michael Tanenbaum for PhillyVoice. The Eagles’ Super Bowl parade brought occupancy to 90 percent, gaining an additional $4.3 million in revenue for the hospitality industry over that weekend, which coincided with Valentine’s…
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Center City District Officials Credit These Two Factors for Helping Revitalize Downtown Philadelphia
Five years after the pandemic, Center City District is continuing its revitalizing efforts and these efforts have been boosted by two key factors, writes Conner Barkon for KYW Newsradio. Thanks to new housing that has been constructed in the area, there has been a boost in population that has helped greatly. According to Philadelphia Department…
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Reading Terminal Market Outlines Vision for Growth in New Five-Year Strategic Plan
Reading Terminal Market is a vital part of the Philadelphia community and in its newly-unveiled five-year strategic plan the goal is to keep it as such, writes Luiza Fontes for Billy Penn at WHYY. The historic public market recently welcomed two new merchants in Uncle Gus’ Steaks and Bao & Bun Studio. Meanwhile, a Lancaster…
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Closing of Center City Macy’s Raises Questions About Fate of Wanamaker Organ
The Macy’s store at 1300 Market Street in Center City is slated to close, raising questions about the future of the Wanamaker Organ that is currently housed inside, writes Victor Fiorillo for Philadelphia Magazine. The prestigious instrument is the largest fully operational pipe organ in the world. It features 28,750 pipes, which makes it a…
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New American Comfort Food Restaurant to Open on Ben Franklin Parkway Dec. 29
Avana, a new American comfort food restaurant, is set to open on the Ben Franklin Parkway on December 29, writes Michael Tanenbaum for PhillyVoice. The new restaurant is the brainchild of restaurateur Felicia Wilson, in partnership with chef Darryl Harmon, and is her fourth eating establishment in Center City. She is also the owner of…
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Philadelphia-Based Five Below, Along With Dollar Tree and Other Retailers, Purchase Over 150 Party City Stores
Philadelphia-based discount chain Five Below, along with Dollar Tree, acquired 148 former Party City locations as the party supply store — as part of its ongoing bankruptcy process — auctioned off 250 locations earlier this month, write Retail Brew and Alex Vuocolo for Fortune. The two competitors successfully bid on a combined 148 leases. The…
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Why Center City Offices Are Emptying and What Can Be Done to Fix It
Many Center City office buildings have been sitting empty over the past five years, but COVID-19 is not the only culprit for this reality, writes Allan Domb for Philadelphia Magazine. Decades of business-unfriendly tax policies have driven businesses and workers away. The latest statistics show from Center City’s 43.4 million square feet of office space,…
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African American Museum in Philadelphia to Host Final Art Break in Connection With CCH Pounder-Koné Collection
The African American American Museum in Philadelphia is hosting “Art Break at AAMP: Reclaiming Aesthetics” on Friday, February 28. This special tour will mark the final Art Break event in connection with the Shared Vision: Portraits from The CCH Pounder-Koné Collection exhibition. Through the tour, guests will be able to explore the Afrodiasporic artists that…
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Aritzia Brings Luxury Fashion Brand to Center City As It Opens First Philadelphia Store
Luxury fashion company Aritzia has opened its first Philadelphia location on the 1700 block of Walnut Street in Center City, writes Michaela Althouse for PhillyVoice. This opening is significant, as it comes in the midst of several recent retail store closings in the area, such as Macy’s, Vans, and the North Face. Aritzia is open…
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McKissack & McKissack, Nation’s Oldest Black-Owned Construction Firm, Is All About Legacy and Excellence
McKissack & McKissack, the nation’s oldest Black-owned construction and design firm, has had a presence in Philadelphia since 1994, writes Noah Zucker for BisNow. Originally founded in New York City in 1905, the local office was founded during a time of stark contrast. While then NYC Mayor Rudy Giuliani was retreating from public contracts with…
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Enjoy A Screening of ‘Eyes of the Rainbow’ At the African American Museum in Philadelphia
On Sunday, February 23, the African American Museum in Philadelphia will host a special screening of the Assata Shakur-inspired documentary, Eyes of the Rainbow. The powerful 1997 documentary highlights Shakur’s remarkable journey 33 years after her exile from the United States. Following the film, an engaging Q&A session with the documentary’s director, Gloria Rolando will…
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AAMP Presents Family Fun Day: Black History Heroes Day
In celebration of Black History Month, the African American Museum in Philadelphia will be hosting its second youth costume party. On Saturday, February 22, AAMP is inviting guests aged 13 and under to share in the excellence of history by dressing as their favorite Black History figure. To close the event, one of the AAMPmazing…
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Forbes Travel Guide Awards Five-Star Ratings to This Philadelphia Hotel’s Restaurant and Spa
The Four Seasons Hotel Philadelphia has secured five-star ratings from Forbes Travel Guide for its Jean-Georges fine dining restaurant and luxury spa, writes Emma Dooling for the Philadelphia Business Journal. Located on the 59th floor of the Comcast Center, the restaurant has maintained its five-star designation for three consecutive years. Meanwhile, the spa on the…
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Contrasting Views on Market East’s Current State Sparks Conversation About Its Future
There are contrasting views on the future of Market East. While many believe the corridor should transition from its historic past as a retail district into a more mixed-use neighbors, others believe it can still thrive as a shopping destination, writes Meir Rinde for Billy Penn at WHYY. In a recent Inquirer article, Center City…
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Food Service Companies Like Aramark Are Seeing Revenue Boost, Thanks to Outsourcing and Inflation
Some of the largest food caterers and service companies in the nation are predicting solid growth this year, thanks to an increase in outsourcing and inflation, write Rachel Phua, Maggie Shiltagh, and Chloe Meley for Bloomberg. Philadelphia-based catering company Aramark is one of them, crediting new contracts for helping drive organic growth, especially in the…
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