Center City
-
PAFA Announces It Will Close Its College At the End of the 2024-25 Academic Year
Pennsylvania Academy of the Fine Arts (PAFA) is closing its college at the end of the 2024-25 academic year, writes Tom Dougherty for CBS News Philadelphia. While its college will close, the museum will remain open and its certificate programs, K-12 arts programs, and continuing education will remain in place. PAFA President Eric Pryor cited…
-
Center City Rite Aid Among 4 New Locations Up For Sale
More leases for Rite Aid locations are up for sale amid the Philadelphia-based pharmacy chain’s continued Chapter 11 bankruptcy proceedings, writes Paul Schwedelson for the Philadelphia Business Journal. Among the 4 new Rite Aid locations up for sale is the Center City Philadelphia location on Chestnut Street in Rittenhouse Square. This marks the sixth Philadelphia…
-
What Makes Oyster House One of Philly’s Most Beloved Seafood Restaurants? Thank its Current Chefs
Chef de cuisine James Waters and executive chef Joe Campoli are creating the perfect seafood synergy at Oyster House, one of the most beloved seafood restaurants in Philadelphia, writes Kae Lani Palmisano for Philadelphia Magazine. For four decades, patrons have been able to feast on dishes deeply rooted in the region’s culinary history, such as…
-
Philadelphia Film Society Aims to Raise $1.7 Million to Renovate 3 Center City Movie Theaters
The Philadelphia Film Society previously started renovating one of its Center City movie theaters and is now looking to raise $1.7 million to upgrade two others, writes Emma Dooling for the Philadelphia Business Journal. In 2023, the Film Society saw increased attendance, and according to CEO Andrew Greenblatt, it generated the second-highest ticket revenue in…
-
New Book ‘Philadelphia’s Strawbridge & Clothier: From Our Family to Yours’ Takes Readers Back To a Different Time in East Market Street’s History
Philadelphia’s Strawbridge & Clothier: From Our Family to Yours, a new book by Margaret Strawbridge Butterworth, takes the readers back to the time when Philadelphia’s East Market Street was thriving, writes Amy Cohen for the Hidden City. The author recounts the story of the business started by her family, from its beginning during the Civil…
-
Wall Street Journal: Audacy Will Likely File For Bankruptcy in Coming Weeks
Audacy is preparing to file for bankruptcy in the coming weeks as declining advertising revenue has resulted in the Philadelphia-based radio broadcaster being unable to service its nearly $2 billion debt load, writes Alexander Gladstone for The Wall Street Journal. The senior lenders with whom Audacy has reached an agreement in its bankruptcy plan will…
-
Wanamaker Building Owner Considers Converting Office Space into Residential Space as Occupancy Declines
The owner of the Wanamaker Building in Center City is considering the possibility of converting the property’s office space into residential space as it has lost many of its tenants, writes Paul Schwedelson for the Philadelphia Business Journal. Since the historic, 112-year-old building went into receivership in September, Rubenstein Partners has been mulling the property’s…
-
Comcast Raises Web-Access, TV Prices By 3%
Comcast Corporation has announced that it is raising its prices for pay television service and internet access by 3%, writes Todd Shields for Bloomberg. Comcast is citing rising programming costs and investments in its broadband network for its decision to raise its costs. The increases will be part of January bills, adding to the monthly…
-
Prema Katari Gupta Aims to Change Downtown’s Perception as New President of Center City District
Prema Katari Gupta has officially begun her role as the new president of Center City District and she takes over during a pivotal time in Philadelphia, writes Jake Blumgart for The Philadelphia Inquirer. Philadelphia has a new mayor, a young City Council, and is yet another year removed from the pandemic. According to CCD’s latest…
-
Philadelphia-based Startup PolicyMap Inc. Raises $3 Million To Spur Growth Opportunities
PolicyMap Inc., a Philadelphia startup, has raised $3 million to accelerate its growth and increase its headcount, writes Ryan Mulligan for PHL Inno. Founded in 2018 by former White House staffer Maggie McCullough, the startup maps geographic population data to help inform policymakers, business leaders, and students. Reinvestment Fund, a Philadelphia-based organization that provides financial…
-
Koch’s Deli to Relocate From University City to Near Independence Mall After 57 Years
Since 1966, Koch’s Deli has been a staple of University City, but after 57 years in operation, it will be relocating, writes John Paul Titlow for Phillyvoice. Sometime next year, Koch’s Deli will officially move from its 43rd and Spruce streets location and open its doors at 6th and Market streets. Over its 50-plus years,…
-
Barcade Prepares to Open Second Philadelphia Location in Center City
Barcade, a hybrid arcade and bar venue, will open its second Philadelphia location at Chestnut and Juniper streets at the end of the month, writes John Paul Titlow for Phillyvoice. Located inside the historic Hale building, the Center City Barcade will feature more than 70 games across two floors, 24 lines of craft beer, and…
-
Philadelphia To Celebrate Kwanzaa With First-Ever Kinara Display At City Hall
For the first time in the city’s history, a kinara will be displayed outside Philadelphia City Hall in celebration of Kwanzaa, writes Michaela Althouse for Phillyvoice. The kinaraa, a seven-branched candleholder is used to observe Kwanzaa’s seven days and recognize its seven principles, will be displayed from December 26 through January 1. It will sit…
-
Updated Design Plans for Thomas Paine Plaza in Center City Draws Positive Reactions From the Art Commission
The updated conceptual design for Thomas Paine Plaza in the heart of Center City was recently presented to the Art Commission for approval and the response was tremendous, writes OFC Realty. Following the original short-term proposals to green-up the space submitted several years ago, the new plans propose a permanent intervention that would create accessibility,…
-
Audacy Gets Additional Time To Pay Off $18.9 Million Debt, Avoid Bankruptcy
Audacy, the parent company of KYW Newsradio, recently signed another amendment to its credit agreement to gain additional time to avoid defaulting on $18.9 million in loans that would have come due by the end of this month, writes Jeff Blumenthal for the Philadelphia Business Journal. The company will now have an additional 68 days…
-
Meet the Man Behind GingerBread Lane at Reading Terminal Market
It’s typical for Reading Terminal Market to draw major attention during rush hour, but there’s been one particular attraction that has caught more attention during recent rush hours, writes Jenn Ladd for The Philadelphia Inquirer. That is GingerBread Lane, the creation of Jon Lovitch, a professional chef turned full-time, self-taught gingerbread man. Under the auspices…
-
PREIT, Owner of the Fashion District, Files for Chapter 11 Bankruptcy, Relinquishes Ownership
PREIT, which owns several major malls across the region, including the Fashion District in Center City, has filed for bankruptcy for the second time since the pandemic, writes Walter Perez for 6abc. Part of the filing includes the sale of the Fashion District, and this Chapter 11 bankruptcy filing gives full ownership of the Fashion…
-
Brandywine Realty Trust CEO Has High Optimism for the Firm Despite Market Challenges
Despite Brandywine Realty Trust having to put future buildings on hold for the time being, CEO Jerry Sweeney has confidence that the firm is well-positioned, writes Paul Schwedelson for the Philadelphia Business Journal. The financing market in Philadelphia has been unpredictable, which is what led to the delay of the Philly-based firm’s construction on its…
Founding Partners
Advertisement
Affiliate Partners
