Center City
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McGillin’s: New Documentary Tells the Story of Philly’s Oldest Bar
Philadelphia’s oldest operating tavern just became the star of its own streaming documentary, and the result is less a film about a bar than a film about the city itself. McGillin’s: Philadelphia’s Oldest Bar, a 42-minute documentary from South Philadelphia filmmaker Eric Carosella, debuted on WHYY and is now streaming on PBS Passport, writes Mike…
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Philadelphia’s Braithwaite Communications Acquired By Atlanta-Based Arketi Group in Major PR Deal
Braithwaite Communications, a longtime Philadelphia-based public relations and marketing agency, has officially been acquired by Atlanta-based Arketi Group, writes Jeff Blumenthal for the Philadelphia Business Journal. This acquisition marks a significant shift in Philadelphia’s communications landscape. Founded in 1998 by Hugh and Carolyn Braithwaite, the firm has built a reputation in Philadelphia for strategic storytelling,…
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Historic Boyd Theatre Marquee At Risk As Owner Seeks to Modernize Philadelphia Landmark
The Boyd Theatre has survived closure, a preservation battle, and the demolition of most of its auditorium, but now its iconic marquee may be next to go. Pearl Properties, which owns Philadelphia’s last great downtown movie palace, wants to remove the theater-style marquee and modernize the recessed storefront, writes Jake Blumgart for The Philadelphia Inquirer.…
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French Food Giant Bonduelle Americas Chooses Philadelphia for New Growth Hub
French food giant Bonduelle Americas has chosen to plant roots in Philadelphia, betting that the city has what it takes to fuel its American ambitions in the booming plant-based food market, writes Paul Schwedelson for the Philadelphia Business Journal. Philadelphia was ultimately chosen as the destination for its new growth hub after evaluating more than…
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Chubb’s New $380 Million Center City Office Tower Is Redefining the Future of Office Work
Chubb’s new 348,000-square-foot tower at 2000 Arch Street represents more than just a new headquarters, but rather offers a glimpse into the future of Philadelphia’s office market and Center City development, writes Paul Schwedelson for the Philadelphia Business Journal. The 18-story, LEED Platinum-certified tower is part of a roughly $380 million investment that will bring…
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Inside A Philly Architect’s Mission to Revive Market East Through A Rethinking of Retail
Market East, like many commercial corridors in Philadelphia and throughout the nation, has seen an increasing amount of empty storefront. With e-commerce becoming a more prevalent entity, it’s forcing those in the retail industry to find new ways of thinking about retail. This summer, six pop-up storefronts will be opening up at Market East as…
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Demand Outpaces Supply as Center City Apartment Vacancy Falls
Apartment vacancy in Center City continues to decline even as developers accelerate conversions of distressed office towers into hundreds of new residential units, writes Paul Schwedelson for the Philadelphia Business Journal. “There’s certainly tremendous amount of demand for people to live here in Center City,” said Alterra Property Group Principal Connor Burke. “We’ve seen that…
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Center City Remains Popular Residential Neighborhood and Jobs Hub, While Other Challenges Persist
While Center City Philadelphia is still feeling the effects of the COVID-19 pandemic, its recovery is further along than many other American downtowns because of its booming residential population, writes Jake Blumgart for The Philadelphia Inquirer. The booming residential population is a big help, as the area’s foot traffic is still about 80 percent of…
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Philadelphia Parking Authority Unveils New Transportation Center, Set to Officially Open May 1
Philadelphia residents, travelers, and visitors will soon have a new transportation center to go to at the site of a shuttered bus terminal in Center City, writes Hayden Mitman for NBC10 Philadelphia. Set to officially open on Friday, May 1, the Philadelphia Park Authority’s new transportation center is the culmination of a yearslong ordeal. After…
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USA Today Names Reading Terminal Market Best Public Market in America for Third Time
Reading Terminal Market has earned the distinction by USA Today as the best public market in the United States, the publication writes. This is the third time the Philadelphia’s iconic market has been named the best in the nation. After finishing atop the list during its first two years in 2021 and 2022, respectively, it…
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Temporary Pop-Up Storefronts Coming to Market East Ahead of Summer Tourism Season
This summer, passersby at Market East will likely notice a greater sense of vibrancy in the area as six pop-up businesses will be filling vacant storefront along the 900 block of the struggling corridor, writes 6abc. First up is Two Persons Coffee. Originally based in the Bok Building, it will be located at 920 Market…
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Center City Retail Rebounds, But Still Short of Pre-Pandemic Peak
Vacant retail spaces in Center City have declined in recent months, but occupancy still remains below the pre-pandemic peak in 2019, writes Ariana Perez-Castells for The Philadelphia Inquirer. According to a new survey released by Center City District, 84.2 percent of retail spaces in Center City are currently filled, an improvement from six months ago…
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One of Nation’s Largest Search Firms Acquires Philadelphia-Based Howard Fischer Associates
Howard Fischer Associates, a Philadelphia executive search firm, has been acquired by executive search firm giant ZRG, writes Jeff Blumenthal for the Philadelphia Business Journal. According to founder and CEO Howard Fischer, while he wasn’t necessarily looking to sell, when taking into account his business plan for the future, the firm saw a need to…
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Iron Hill Brewery Location in Center City Set for April 19 Reopening
Iron Hill Brewery is getting back on its feet just seven months after filing for bankruptcy and abruptly closing all its locations, as its first reopening is just days away, writes Erin McCarthy for The Philadelphia Inquirer. The location on Market Street in Center City is set to reopen at noon on Sunday, April 19.…
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Thena Hotel in Center City Goes Up for Sale
Thena Hotel, a boutique property in Center City, has been put up for sale with an asking price listed at $2.62 million, writes Emma Dooling for the Philadelphia Business Journal. Currently owned by RTE Properties, this is the first time the hotel has been put up for sale since the Philadelphia-based firm acquired it for…
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Drexel’s Center City Medical Office Building Could Become 90 Apartments Under New Owner
Drexel University has a deal in place to sell a Center City medical office building that already has permits approved for conversion into apartments, writes Ryan Mulligan for the Philadelphia Business Journal. The Arnold T. Berman Building is already under agreement, according to a Drexel spokesperson, although the university did not provide any further details.…
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WSJ: Philadelphia Startup Raises $30M Towards Mission to Transform Rail Industry
Philadelphia startup Voltify, which was founded on the vision of transforming the rail industry by decarbonizing it, has raised $30 million in seed funding towards that mission, writes Rhiannon Hoyle for The Wall Street Journal. With the new funding, the startup will be able to conduct a paid pilot with a Class 1 railroad to…
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Historic Witherspoon Building in Center City to Become 186-Unit Apartment Complex
After serving as Presbyterian Church offices and later as short-term rentals, the historic Witherspoon Building in Center City is being turned into a 186-unit apartment complex, writes Jake Blumgart for The Philadelphia Inquirer. SSH Real Estate, which owns the 11-story building that dates back to 1896, decided to discontinue short-term rentals after hospitality operator Sonder…
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