The future home of I. Goldberg at 718 Chestnut St. | Photo: Sandy Smith
Nana Goldberg, owner of the legendary I. Goldberg Army-Navy store, knew her days at 13th and Chestnut might be numbered back in 2015 as a wave of retail redevelopment worked its way eastward from Broad Street. But she wasn’t prepared to absorb a fourfold rent increase her landlord proposed to implement at the end of her lease this coming September.
Fortunately for her and for legions of I. Goldberg fans, she won’t have to, nor will she have to close the store. Her search for new digs has come to a successful end with the signing of a lease for 718 Chestnut Street. Read more »
National and international retailers like Uniqlo have created positive buzz and helped turn around Chestnut Street’s fortunes, but independent local retailers remain the backbone of Center City’s increasingly strong retail scene. | Photo: M. Fischetti for Visit Philadelphia
Just as the influx of new residents into Center City ultimately overflowed its confines, the retailers and restaurateurs that are rushing to serve them are finding they need to expand their horizons in order to find suitable space.
That’s one of the main takeaways from “Center City Reports: Philadelphia Retail” (PDF), the latest in a series of periodic reports by the Center City District and the Central Philadelphia Development Corporation, issued yesterday (Dec. 5). Read more »
Image via Steve Duross
Things happen quickly in the world of fashion. Stores come up, stores go down and sometimes they just shuffle around a little bit. We’ve rounded up the latest Philly fashion, beauty and retail news we’ve heard around town. Try to keep up. Read more »
This architect’s rendering shows what 1520-22 Chestnut might look like once renovations are complete. | Rendering courtesy PH Retail Partners
“We’re bullish on Center City, and anytime we see an opportunity, we’re going to pursue it.”
That statement from Matt Pestronk explains in a nutshell why PH Retail Partners, the commercial real estate affiliate of Post Brothers, just purchased two properties on prime retail blocks west of Broad Street.
One, at the corner of 15th and Walnut streets, consists of three buildings with street-level retail and office space above. Two of the three retail spots are occupied, one by AT&T Mobility and the other by Club Monaco. The third space, whose last long-term tenant was a Puma store, currently has a pop-up tenant occupying the space. The other, a two-story retail building at 1520-22 Chestnut St., has been vacant since a Dollar Tree store closed last fall. Read more »
Owner Nana Goldberg says the iconic military surplus/outdoor store will have a future, either at 13th and Chestnut or somewhere else. Photo | Sandy Smith
The owner of 1300 Chestnut St., once a high-fashion department store for women, is interested in getting more for its money. Pursuant to that, owner PMC Property Group has been shopping the commercial space on its first two floors and its basement to prospective tenants.
The space already has a tenant, however: I. Goldberg, the iconic military surplus store and outdoor outfitter that’s been a Chestnut Street landmark for decades. It landed here when Thomas Jefferson University bought its former location at 902 Chestnut St. in the early 2000s to build a parking garage. Read more »
On the surface, Warby Parker opening a new location on Walnut Street isn’t huge news. Sure, having the tech-based eyeglasses startup in town brings in more tax revenue, raises the city’s cool factor, and ups our retail game another notch. But it means a whole lot more than that. It’s a sign that Center City’s retail landscape has changed in a big way.
First of all, it’s going into the old Le Bec-Fin space at 1523 Walnut. For years, Le Bec-Fin was the pinnacle of fine dining in Philadelphia led by legendary chef Georges Perrier. But times change, tastes change, and it finally closed in 2013. Chef Justin Bogle tried to resurrect the space as the more modern Avance but that closed after just 10 months. Read more »
Rendering of 725 Chestnut Street | via Urban Space Development Inc.
The 700 block of Chestnut Street is about to see some major changes. Sure, you could point to the 32-story tower proposal at the surface parking lot at 709 Chestnut Street as proof positive, but there are smaller plans in the works that will also have a significant impact.
For starters, the movement to have four architecturally important buildings designated as historic means that the character of the block will remain. (A welcome sight an ever-changing city, as well as for a block that features a garish parking garage at the corner of 8th and Chestnut.) That includes the former Quaker City National Bank Building, as well as a lesser known project that will see four condos (with asking prices over the $1 million mark each) added to the block at 725 Chestnut Street, the former home of the Philadelphia Blueprint Company. Read more »
A rendering of the project via Aquinas’ website.
Roughly 13 months after the project broke ground, AQ Rittenhouse will officially cut the ribbon and open its doors on Wednesday, May 13. The project from Aquinas Realty Partners transformed the blighted annex of the old YWCA at 2021 Chestnut into a 12-story, 110-unit mixed-use complex that will offer both luxury and market rate rentals. Read more »
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 »
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 »