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PREIT

Property

Video: Mega Malls and High-End Malls Are Doing Just Fine, Thank You

Since 2007, 400 malls in the U.S. have closed. Now comes the filing of bankruptcy protection from both Quiznos and Sbarro, and that’s after the […]

kmart gallery market east
Property

Morning Headlines: The Gallery Will Not Get High-End Stores

“It could be high-fashion, it could be Forever 21” we reported last December of PREIT’s plans for the Gallery. Well, it appears the high-end road will […]

Property

Morning Headlines: PREIT Buys Building at 15th and Walnut

The building on the northwest corner of 15th and Walnut once had an illustrious tenant: Louis I. Kahn, the celebrated modernist architect, had his office […]

Property

Morning Headlines: Two Local Kmart Locations Will Close

Yesterday morning, based on a tip from an employee, we broke the news that the Kmart at the Gallery was going to close. Today the […]

Property

Morning Headlines: PREIT Sees Possibility in JCPenney Closure

JCPenney will be shutting down 33 of its department stores, one of which is located at the Exton Square Mall. However, it looks like the […]

Property

PREIT’s Plans for the Gallery Are Less Elusive. Sort Of.

The mysterious game-changing redevelopment project PREIT has planned for the Gallery has become a little less elusive. Sort of. Since October, PREIT has dropped more hints […]

Foobooz

Jose Garces Joining Marc Vetri at the Moorestown Mall

Pennsylvania Real Estate Investment Trust (PREIT) announced during an earnings call that the Moorestown Mall is getting another well known Philadelphia chef. Jose Garces will […]

Property

Is Bloomingdale’s Coming to the Gallery?

HughE Dillon over at PhillyChitChat says that the Bloomie’s folks have been here four times to look at the Burlington Coat Factory space, and the […]

Property

Congratulations, PREIT–the Gallery Is All Yours

As of yesterday, Pennsylvania Real Estate Investment Trust (PREIT) officially owns the Kmart at Ninth and Market–the one it paid $60 million for even though […]

Foobooz

Vetri to New Jersey?

Moorestown Mall owner PREIT has announced it has a signed letter of intent with Marc Vetri to open a restaurant at the New Jersey mall. […]