Our First Reactions to Philly’s New Forever 21 Store

The shiny new Chestnut Street storefront. | Photo courtesy Forever 21.

The shiny new Chestnut Street storefront. | Photo courtesy Forever 21.

Although Forever 21 is typically deemed “throw-away” or “fast fashion” — ultra-trendy pieces made of low-quality fabrics — I’m an avid shopper of the chain. I’m a college student with a bank account that often dips into the single digits, and the rock-bottom prices work with my paltry clothing budget.

Forever 21 is well-known for its disastrous, messy stores —surely the result of simply having so much merchandise. So when I heard that Philly was getting its own outpost — nestled at 1708 Chestnut Street, just steps away from American Eagle and H&M — I was suspect. Forever 21 stores in the middle of suburbia are usually disorganized; how would  a Forever 21 smack-dab in the middle of bustling Center City fare?

I gave the brand-new store just over a week to sort itself out (I visited the store on opening day, but left within minutes because it was so crowded). I finally ventured back today — right in the middle of the afternoon — to see if it met my high expectations for a city shop, or if it fell short. Here’s what I found. Read more »

Boutique Condo Boasting Rittenhouse and Sunset Views Is Back for $849,000

Images by TREND via Redfin/Kurfiss Sotheby’s International Realty

Looking to get in on some condo-living near Rittenhouse without forking over a cool million bucks to do so? Unit #1100 at 1737-39 Chestnut Street just hit the market (again) and its 2-bed, 2-bath layout is the perfect size for house hunters, especially for Empty Nesters looking to downsize into some chic city- living.

The unit offers 13 south and west facing windows that offer unobstructed views of the city, including sight lines directly into Rittenhouse Square. Listing agent Patricia Royston tells us that the sellers are “very motivated to sell” and the unit has low condo fees ($663/month).

The eat-in kitchen features custom oak cabinetry with glass doors facing the those lovely windows to allow even more natural light to flow through the space. It’s then topped off with beautiful granite counter tops.

The two spacious bedrooms both have en-suite bathrooms, a major plus, and there’s even an office with custom built-in cabinets.

Originally listing in July for $870,000, the unit is now available for $849,000–so it seems that whole “motivated to sell” thing is true after all.

Read more »

Morning Headlines: Apartments Expected Above Nordstrom Rack on Chestnut Street

Nordstrom-Rack

New retail developments are growing at a good pace in the area and that doesn’t seem to be slowing down anytime soon: the Philadelphia Business Journal’s Natalie Kostelni reports that the 10,000-square-foot building at 1700 Chestnut Street has a new owner who intends to convert the property’s top five floors into apartments.

The ground floor of the 8-story structure, you will recall, is now the site of the new Nordstrom Rack. This seems to be a good fit for Pearl Properties because, according to Kostelni, they already own six other properties on Chestnut and “specialize in mixed-use buildings” with ground floor retail. More details from PBJ:

The purchase of 1700 Chestnut will be no different. With Nordstrom Rack already locked in to approximately 40,000 square feet on the first three floors, Pearl plans to develop the top five floors into apartments, according to sources. There is a separate entrance off of 17th Street that will give residents access to that space.

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Daffy’s Reopens As Nordstrom Rack

Nordstrom-Rack

The line outside Nordstrom Rack on opening day, just before doors opened at 9am. | Photo by Tim Haas.

Discount retailer Daffy’s was in business for 20 years at 1700 Chestnut when it closed in 2012. Before that, the space was occupied by the independently owned department store Bonwit Teller, which I remember, from my childhood, as a wonderland of perfume mist and well-dressed ladies and hard-plastic name tags pinned to gray cardigans. Bonwit’s closed in 1990. A year prior to its closure, the Inquirer’s Susan Warner spoke to Ross Brightwell, who worked with the Chestnut Street Association, about what would happen if Bonwit’s left Chestnut Street.

…[Brightwell] said merchants would try to assure that another high-quality tenant would move into the space being vacated by Bonwit. “It’s very sad,” he said. “When you lose a name like Bonwit Teller, it will just reinforce this perception that Center City Philadelphia is on a downward spiral.”

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Morning Headlines: More Info On Planned W / Element Hotels Coming Next Week

Photo by Sandy Smith via the Philadelphia Real Estate Blog.

1441 Chestnut. Photo by Sandy Smith via the Philadelphia Real Estate Blog.

According to PlanPhilly’s Jared Brey, the developers of the planned W and Element Hotels at 15th and Chestnut (currently a parking lot) don’t need zoning variances to build their project. For this reason, their meeting with the Center City Residents Association next week, where they will present their new designs, will be for informational purposes only.

Here’s what to expect of the double tower:

According to a description shared with PlanPhilly by an attorney working on the project, the hotels will have a total of 755 rooms. There will be 295 rooms in the four-star W Hotel, and 460 rooms in the three-star, extended-stay Element by Westin. The entire hotel operation will be managed by Starwood, a Connecticut-based hospitality company.

The project will also include more than 1,700 square feet of retail space on the ground floor at the corner of 15th and Chestnut. The developer, Brook Lenfest, is seeking LEED Certification for the building.

Lenfest, if you recall, caused waves last year when he requested (and got) $33 million in tax breaks for the project.

Read more »

UNIQLO Now Planning Four Area Stores

UNIQLOThe extremely trendy and fairly inexpensive clothing retailer UNIQLO is invading the region: first, a store opened in the King of Prussia Mall. Then stores were announced for Center City’s Chestnut Street and the Willow Grove Park Mall. Now, Shoppist reports that the Tokyo-based company is coming to South Jersey as well, to the Cherry Hill Mall:

A rep confirms that the store will open on September 26th, just a week before the October 3rd opening at 1608 Chestnut Street. It will be on the main level, sandwiched between a Bath & Body Works and an Abercrombie & Fitch. If you’re counting, this is four UNIQLO stores to open region in less than a year. World domination next? (Or maybe just Delaware.)

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Brickstone: Mercantile Library to Become Coworking Space

The Mercantile Library at 1021 Chestnut, as seen in 1964. Photo courtesy MSC.

The Mercantile Library at 1021 Chestnut, as seen in 1964. Brickstone aims to make it a coworking space. Photo courtesy MSC.

This morning’s membership meeting of the Central Philadelphia Development Corporation (CPDC) at the Union League was standing room only, and it wasn’t for the coffee and danish. The numerous guests in attendance were there for “New Center City Demographics: The Upside for Retail Leasing & Development,” a panel moderated by Center City District’s Paul Levy that included Larry Steinberg, Senior VP of CBRE|FAMECO; John Connors, VP of Brickstone Realty; and Eddie Gindi, VP of Century 21 Department Stores.

Despite interesting overall updates on the Center City residential market (Levy) and its retail market (Steinberg), the crowd was perhaps most interested in the presentations by the two who got specific about the projects they’re bringing to Market East — projects that will radically alter the shape of the neighborhood, or at least that’s what everyone is hoping.

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For Rent: Loft-Style Condo Next to Di Bruno Bros.

1728 Chestnut Street, Philadelphia, PA.

1728 Chestnut Street, Philadelphia, PA.

Just a block from Rittenhouse Square and hidden among a collection of retail and commercial establishments is this bi-level condo rising above one of Philly’s most pedestrian-filled streets. It has a balcony overlooking Chestnut, and should new tenants not feel like making dinner, there’s Di Bruno Bros. right next door.

The apartment’s interior consists of walnut flooring, exposed brick, and polished concrete, industrial details complemented by the exposed air duct that runs through the open living and dining area. In the kitchen are SS appliances, a Sub Zero refrigerator, and granite countertops. Upstairs, the master bedroom includes walk-in closets and a balcony.

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Morning Headlines: Redevelopment on Chestnut Street Will Start In a Few Weeks

Screenshot of Chestnut from 12th Street via Google Street View.

Screenshot of Chestnut from 12th Street via Google Street View.

Zoning approvals? Check. Permits? Check. Demolition crews? They’re ready! Yep, it appears the $60-$70 million redevelopment project for a chunk of Chestnut Street’s 1100 block (between 11th and 12th) will get started in coming weeks. Planned for the site is a series of three-story retail spaces crowned with loft-style apartments. More from the Inquirer’s Maria Panaritis:

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AQ Rittenhouse Breaks Ground Tomorrow

A rendering of the project by architect BLT.

A rendering of the project via Aquinas’ website.

Aquinas Realty plans to break ground tomorrow on AQ Rittenhouse, a 12-story mixed-use building at 2021 Chestnut. There’ll be restaurant/retail space on the first floor and 110 residential units, with plenty of amenities: a sky terrace, secure covered parking, a fitness center and a “dog washing room.”

The previous building on the site, the YWCA annex, had been vacant since the early 1990s and was seriously blighted by the time it was torn down to make room for something new.

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