Bloomingdale’s Is Officially Looking for Space in Center City

Do you have 120,000-square-feet to 150,000-square-feet available in Center City?

Screenshot 2015-03-05 at 2.07.30 PM

A clip from MSC Retail’s listing

An email sent by MSC Retail yesterday notes that Bloomingdale’s is “actively looking” for anywhere between 120,000-square-feet and 150,000-square-feet of space for a “full line” store within Center City. Reports back in 2013 said that the company was looking towards The Gallery as a possible option. Is that still the case? HughE Dillion of PhillyChitChat sure seems to think so.

Michael Salove, President and CEO of MSC Retail, told us in an email: “The only comment we can make regarding Bloomingdale’s full line store is that we are interested in Center City Philadelphia should the appropriate opportunity be sourced.  We cannot comment on location, timing, etc.”




Interestingly enough, Bloomingdale's is also on the hunt in "Eastern PA, Southern NJ and DE" for locations between 15,000-square-feet and 25,000-square-feet of space in "lifestyle centers, outlet centers, downtown/urban environments, and regional malls" for their outlet line of stores, according to the email.

 

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  • NDJ

    How about the Atlantic Building–230 S Broad? It might be just under the size they’re looking for, but it’s multilevel and across from the upcoming super-luxe SLS International. Are they still marketing the corner space for retail?

    • Jayfar

      That’s way to far off the beaten path for major retail. They would be looking for a site with existing retail critical mass, i.e. an established shopping district.

      • Justin B

        People will flock to a store like Bloomingdales (or Nordstrom) wherever it is located. It will CREATE the shopping district. Also, the Atlantic Building is reasonably close to Rittenhouse Square and the wealth there and the shopping districts on Walnut and Chestnut. SLS is coming and will bring more wealthy residents and hotel guests. The residential piece of the Atlantic Building itself, being billed as 1401 Spruce and reportedly hitting the market in Q3 or soon therafter, will be luxe. http://1401spruce.com/ The Capital Grille building is becoming luxury apartments. http://www.bizjournals.com/philadelphia/blog/real-estate/2014/02/ave-of-arts-building-sells-new-plans.html?page=all This stretch of Broad will and should ‘happen’ and some kind of significant retail will end up in the Atlantic Building.

        • DTurner

          Agreed, plus significantly less competition than being directly on Chestnut or Market. I would rather see it on Market, but Broad would not be a bad option, especially after some of the planned development actually occurs.

    • Justin B

      They are. Word is that Nordstrom is looking at that spot.

  • Steve S.

    Well the Lits Building is right next to C21 and suffering the Mysterious Disappearing Tenant Syndrome. At this rate Bloomie’s might well be able to just lease up the basement and first floor of the joint. It’s pretty big inside. Lol.

    On a more serious note, I don’t think it’ll be possible for them to get full-line space without inking an anchor deal on new-build space. Especially if they wanted to tear down Burlington Coat instead of just renovating it. Like at 800 Market or 1911 Walnut or something.

  • Kimada

    Well, Bloomingdales is a reason to take notice – far more worthy than the jumping for joy people did when Century 21 and Nordstrom Rack opened. Any kind of outlet or discount store, no matter how “upscale,” just seems like an excuse. And Uniqlo – fun and kind of cool but come on, it’s really just the Japanese Gap, isn’t it…

    • http://blog.philadelphiarealestate.com/ Sandy Smith

      Hey, don’t knock the off-price stuff. It’s the only way those of us not rolling in dough get to have cool designer threads. (Or Brooks Brothers, if that’s more your style.)

    • DTurner

      That “Japanese Gap” is eating the big boys lunch. Heck, the Economist last week laid part of the blame of Target’s plummeting fortunes on them.

  • Justin B

    This would be great for the City! I do think the new Gallery or East Market is the right spot. This would really help cement those areas and solidify their revitalization.

  • http://ebonx.tv/ EBONX TV & MAGAZINE™

    meh, i would rather have a 150,000 SqFt Crown Fried Chicken