Center City
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Philadelphia Selected As Location of Legend Biotech’s New Research and Development Center
Legend Biotech, a North Jersey biotechnology company, has chosen Philadelphia to house its new research and development center, writes John George for the Philadelphia Business Journal. The 31,000-square-foot facility will occupy the third floor of Breakthrough Properties’ eight-story building at 2300 Market Street. The building is currently under construction and scheduled to be completed in…
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Philadelphia-based Radio Giant Audacy Emerges from Bankruptcy, Plans To Go Private
Audacy, the Philadelphia-based radio giant, has emerged from bankruptcy after the FCC approved its proposed restructuring plan and is now planning to go private, writes Nick Vadala for The Philadelphia Inquirer. “We are pleased to have successfully achieved all of our restructuring goals, emerging with an outstanding balance sheet, delivering industry-leading growth, serving our listeners…
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Caribou Cafe Relaunches Under New Ownership With Big Plans
Caribou Cafe has a decades-long history in Philadelphia and it recently started its latest chapter under new ownership, writes Jason Sheehan for Philadelphia Magazine. Initially, it was a Fitler Square coffee shop owned by founder Bruno Pouget in the late 1980s. About a year later, it moved crosstown to Center City before moving yet again…
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6 Temporary Murals Are in LOVE Park to Inspire Voters Ahead of 2024 Election
A new art exhibition can be seen in LOVE Park with six murals that encourage citizens to vote in this year’s upcoming election, writes Shara Dae Howard for KYW Newsradio. The new exhibition is called “To the Polls,” and is a biennial, nonpartisan effort led by Streets Dept. blogger and community activist Conrad Benner, in…
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Head of Center City Residents Association Negotiates With Big Developers Who Have Their Eye on Neighborhood
Richard Gross, head of the Center City Residents Association, has been putting his career as a lawyer and public servant to good use by negotiating with big developers who have plans to build in the neighborhood, writes Jake Blumgart for The Philadelphia Inquirer. A resident of Philadelphia for 12 years, Gross is most likely the…
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Early Movie Projector Landed Its Inventor Prestigious Franklin Award, But Over Thomas Edison’s Protests
An early movie projector created by C. Francis Jenkins landed the inventor a prestigious Franklin Institute award and caused a dispute between the museum and Thomas Edison, writes Kristin Hunt for PhillyVoice. Jenkins first presented his Phantoscope at the Franklin Institute in 1895, where he proceeded to stun its distinguished guests with its sharper images…
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African American Museum in Philadelphia to Host Sojourner Truth-Inspired Storytime Event, Family Fun Day
The African American Museum in Philadelphia will soon be treating guests with an unforgettable adventure. On Sunday, October 13, AAMP will be hosting its “AAMP Family Fun Day: History is Alive! Sojourner Truth Storytime” at the Museum. At the event, families will have the opportunity to step into history with the legendary Sojourner Truth. Starting…
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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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Former Hahnemann University Hospital Space, Race Street Labs, Welcomes First Tenant
Race Streets Labs, the new 180,000-square-foot complex carved out of a portion of the former Hahnemann University Hospital, has welcomed its first tenant, writes John George for the Philadelphia Business Journal. Zahav Biosciences has taken 8,200 square feet of built-out lab and office space across the building’s 15th floor, becoming Race Street Labs’ first occupant. …
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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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Center City Office Building Goes Up For Sale, Could Be Converted Into Residential Building
The 15-story, 133,353-square-foot office building at 1760 Market Street has gone up for sale by owner and retired tax attorney, Victor F. Keen, writes Paul Schwedelson for the Philadelphia Business Journal. Doug Rodio of CBRE, who is representing Keen in the sale, said it could be sold in the low $20 million range. “Today, the…
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Le Meridien Philadelphia Rebranding as Courtyard Philadelphia Downtown
Less than a year under new ownership, the Le Meridien Philadelphia in Center City is changing its brand to the Courtyard Philadelphia Downtown, writes Emma Dooling for the Philadelphia Business Journal. However at this point it is still not clear when the flag change will become official and what adjustments will be made to the…
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Barnes and Noble’s Center City Store Fills This Very Important Void for Readers
It has been nearly a year-and-a-half since Center City’s new Barnes and Noble store opened and while it has less space than its old Rittenhouse Square location, it has done more sales, writes Jake Blumgart for The Philadelphia Inquirer. The newer Chestnut Street location is designed and curated more to those who most feel the…
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Five Iron Golf to Open Third Philadelphia Location in 2025
Five Iron Golf, which already has two locations in Philadelphia is soon opening its third, writes Emma Dooling for the Philadelphia Business Journal. Known for providing guests with an urban indoor golf experience, the third Philly location will be constructed on the ground floor of the Three Logan Square office tower and open early next…
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Saint John’s Hospice Hosts Fundraiser for “Boot Up Philly” Giveaway Event in October
Saint John’s Hospice (SJH), a ministry of Catholic Social Services of the Archdiocese of Philadelphia, is raising funds for its upcoming fourth annual “Boot Up Philly” community giveaway event on Saturday, October 19, 2024. This year’s fundraising goal is $175,000. “We are prepared to offer new boots, coats, underwear, food and other cold-weather items as well as access…
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Philly-based Hersha Hospitality Management Acquires Aloft Philadelphia Downtown for $25.1M
Philadelphia-based Hersha Hospitality Management recently acquired the 179-room Aloft Philadelphia Downtown for $25.1 million, writes Emma Dooling for the Philadelphia Business Journal. The sale of the Center City hotel adjacent to the Pennsylvania Convention Center breaks down to $140,223 per key. The Aloft brand is part of Marriott International’s Select Brand portfolio. Hersha acquired the…
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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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Some of Philadelphia’s Landmark Office Skyscrapers Will Have Lower Property Taxes Next Year
Some of the tallest buildings in Philadelphia have declined in value and will pay smaller property tax bills next year as a result, writes Kristen Mosbrucker-Garza for WHYY. The market value of one Center City office tower at the corner of 16th and Market streets went down by 20 percent last year, according to an…
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