• Good news, coffee addicts of the world: Yesterday, the World Health Organization officially took coffee off of its list of possible carcinogens, which it’s been on since 1991, and said that drinking coffee could actually protect against a number of cancers. That said, researchers did note that, surprisingly, drinking coffee—or any beverage, for that matter—when it’s super hot could contribute to esophageal cancer, so make sure to let your java cool before you sip! [New York Times] Read more »
If you were planning on braving the storm tomorrow and trudging through the snow to Whole Foods for some freshly made sushi and kombucha — you know, snow day essentials — think again: Whole Foods announced on Instagram a little while ago that all of their Philly-area locations will be closed tomorrow due to the storm.
Read more »
My love affair with Trader Joe’s began innocently enough: I was walking back to our offices in Center City from West Philly after checking out the new Herban Quality Eats, and I realized I needed some honey for the next morning’s tea. I was passing by Trader Joe’s at 22nd and Market, so I stopped in. 10 minutes later, I walked out with not just honey — raw organic honey that cost me an impressive $4.99, by the way — but three avocados (99 cents each), some organic dog treats ($2.99!) and a ginger kombucha ($2.79, I believe). My total for all of these items came out to around $15 and my first thought was: This would never happen at Whole Foods.
I was hooked. Read more »
Target has signed on to a third Center City location for its new line of urban scale stores.
Natalie Kostelni of the Philadelphia Business Journal reported earlier today that the Minneapolis-based retailer will take over the 30,000-square-foot Whole Foods store at 20th and Callowhill after it moves to nearby Rodin Square in 2016.
“I can confirm that a lease has been signed for 2001 Pennsylvania Ave., Philadelphia,” Kristy Welker, of Target Communications, wrote in an email to Property.
Clear your Saturday afternoon because a local flea market for a good cause is coming to a rooftop near you. Whole Flea, aptly named as it takes place atop Whole Foods South Street, will feature over forty vendors selling hand-crafted jewelry, body products, home goods, art, antiques, ceramics, food, clothing and more. Read more »
It’s no secret: people love themselves some Trader Joe’s and Whole Foods. Almost any time a new mixed-use development is proposed in Philadelphia with enough retail space that could possibly fit a grocery store, residents come out of the woodwork to clamor for a Trader Joe’s or a Whole Foods.
You know what those people also love? Money. It’s called “Whole Foods Effect” – a real estate phenomenon where property values seemingly rise in areas surrounding the Austin-based organic grocery chain. The presence of a Whole Foods, especially in urban neighborhoods, seems to certify that a home buyer has made a quality choice of settling in that area.
Well, it turns out that it could probably be called the “Trader Joe’s Effect.” RealtyTrac recently ran some of the numbers and came to an interesting conclusion: “What we found is that homeowners near a Trader Joe’s have experienced better home value appreciation since their purchase, but also pay higher property taxes on average.”
In the wake of an overcharging scandal, the problems for Whole Foods continue. Shareholder Yochanan Markman is leading a class-action lawsuit on behalf of purchasers of Whole Foods securities claiming that the situation drove down the share price and that the company made false or misleading statements and “routinely overstated the weight of its pre-packaged products and overcharged customers.” Read more »