Morning Headlines: Sunoco Leaves Center City, Citibank Leaves Entirely

Two major departures signify a blow. Plus, does Inga Saffron ever just take a vacation?

Photo via Wikimedia Commons.

Photo via Wikimedia Commons.

Sunoco will move its 120 legal and administrative employees from 1735 Market St. in Center City a new office campus in Newtown Square in 2016. The Delaware County Times quotes Jeff Shields, Sunoco’s communications manager: “It allows us to consolidate all of our employees in one centralized location in a modern building that we own,” Shields said, explaining that the Center City and Lester locations are leased.

Citibank pulling out of Philadelphia: In the completion of a process started last year, Citibank is now closing all branches in the Philadelphia area, including seven locations within Philadelphia as well as its Bala Cynwyd, Cherry Hill, N.J. and Wilmington, Del. sites, according to the Business Journal.

Does Inga Saffron ever get away from her job? In Rome, she talks to that city’s mayor, Ignazio Marino, who used to live in Society Hill and was so taken with Philadelphia’s bike culture, he brought it to his native car-heavy culture. “By next summer, Marino hopes to have a bike-share program in operation.He also plans to expand the city’s meager network of bike lanes.” Buona fortuna, Ignazio.

And there’s more…

• Too-tall townhomes to be jacked up to lop off 22 inches  

• Developer tax abatement crucial to hotel plan

• Gentrification property tax relief for whom?

DRPA board members subpoenaed over economic development spending

Demolition underway for Episcopal brownstones and 40th Street church

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  • DTurner

    Has there been any word as to whether the high cost of construction in Philly pushed Sunoco out the door? It seems like that would play a major role if they were looking to consolidate their divisions in a modern office building.

    Regardless, this is sad news. Philly needs to attract more companies downtown. Center City has tonnes of smart young professionals, but the quality of companies downtown is (generally) lacking.

  • Ray Kerstetter

    and we are going to miss Citibank because…..???? Too many banks/consolidations already and not enough bank interest paid out to its depositors. End the fed and maybe we can get a better rate of return on our money we keep socking away in these banks!!