Airmall At Pittsburgh International Celebrates New Stores, Renovation

Map of Pennsylvania highlighting Allegheny County

Map of Pennsylvania highlighting Allegheny County (Photo credit: Wikipedia)

The place known for jet ways featured a runway Sept. 29.

The Airmall at Pittsburgh International Airport teamed with the Allegheny County Airport Authority for a special fashion event to mark the 15th anniversary of the airport authority and celebrate the completion of a $10 million renovation that created a new retail core in the center of the airport’s air-side terminal.

“Fly 2014: An Invitation to Fashion & Flair With Altitude” showcased the latest styles from the Airmall shops. The fashion show was the first event of this kind for the airport since it opened in 1992.

The show helped introduce new retail stores at the Airmall, including several international luxury brands. Italian-based Pinko recently opened its first U.S. store in the Airmall. Other stores include Furla, Lacoste, Armani Jeans, Hugo Boss, Tumi, Desigual, Collezioni — the Beauty Gallery and Bottega dei Sapori, an Italian specialty foods store.

Read more: http://triblive.com/lifestyles/fashion/6785773-74/airmall-airport-stores#ixzz3EprxD0v5
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RadioShack Decline Belies Its Longevity

By Fort Worth Star-telegram

Saturday, Sept. 27, 2014, 9:00 p.m.

FORT WORTH, TX — During nearly a century in retailing, RadioShack has reinvented itself time and again as the American consumer moved from primitive radio kits to ever-sophisticated audio equipment, CB radios, and computers and wireless phones.

But now the Fort Worth-based consumer electronics pioneer finds itself tethered to a bygone era, with its 4,000 company-owned stores as much a burden as a benefit, its website delivering only modest returns in this cyber age and competitors — from behemoths such as Amazon.com and Wal-Mart to wireless providers — attacking on all fronts. The company warned recently that bankruptcy could be near if it can’t secure financing.

Just nine years ago, RadioShack enthusiastically opened its new $200 million headquarters, a complex of 900,000 square feet situated majestically on 38 acres on the banks of the Trinity River. With a 500-seat cafe, an open floor plan and a fitness center, it was supposed to help propel the chain to greater entrepreneurial heights.

Read more: http://triblive.com/business/headlines/6848703-74/radioshack-stores-company#ixzz3Ej79tvLU
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Gov. Corbett Announces Redevelopment Grant For Former Saks Site, Oliver Building

Trinity Epsicopal with its neighbors, the Oliv...

Trinity Epsicopal with its neighbors, the Oliver Building and the old Gimbels (Photo credit: Wikipedia)

Surrounded by an array of Pittsburgh civic and development interests, Gov. Tom Corbett stood in Mellon Square Monday to announce a $4 million state grant to seed the redevelopment of the Henry W. Oliver Building and its neighbor, the former Saks Fifth Avenue department store.

Mr. Corbett told a small crowd overlooking the planned developments that the Henry W. Oliver Building had special interest for him because he had worked in an office there during his career in private practice before joining the U.S. attorney’s office for the Western District of Pennsylvania. Noting that he had been in the city last week to release state funds for a theater project for Point Park University, Mr. Corbett called Pittsburgh, “a model for redevelopment and smart growth.”

Read more: http://www.post-gazette.com/local/city/2014/09/29/Governor-Corbett-announced-redevelopment-grant-for-Downtown-Pittsburgh/stories/201409290199

Turning Up The Lights On Gray Market St. East

English: Lit Brothers Department Store, 701-39...

English: Lit Brothers Department Store, 701-39 Market Street (block bounded by Market, 7th, Filbert, 8th Streets) Philadelphia, Pennsylvania (33 buildings built between 1859 and 1918, unified by a brick & iron facade). (Photo credit: Wikipedia)

The Times Square-ification of Market Street East in central Philadelphia is underway, and it is starting at one of the most treasured buildings on one of the most stubbornly seedy thoroughfares in Center City.

Construction scaffolding has begun its crawl up the cake-frosting-white facade of the former Lit Bros. department store, a century-old architectural wonder that will be home to the city’s first flashy, high-tech video billboard screens.

Over the next three months, crews will work to install stadiumlike, wraparound LED signs rising 14 feet above the roofline of both corners of the landmark structure on the 700 block of Market Street.

Officials hope to light up Lits for the first time on New Year’s Eve – the holiday synonymous with Times Square, the Manhattan billboard mecca whose mojo Market Street’s boosters and investors are hoping to mimic.

Read more at http://www.philly.com/philly/business/20140928_Video_screens_to_add_some_pop_to_street.html#pR6W1yWRRd3Al006.99

Downtown Inc Using “Destination Branding” To Market York Neighborhoods

Map of Pennsylvania highlighting York County

Map of Pennsylvania highlighting York County (Photo credit: Wikipedia)

If you name it, they will come.

Sonia Huntzinger, executive director of Downtown Inc, said that’s the theory behind York’s recent push to brand pockets of its 26-block downtown business district, creating a patchwork of neighborhoods that will each offer something different to regional visitors.

In the last two years, the nonprofit, which promotes revitalization of the city, has partnered with grassroots groups to demarcate several sections, including Royal Square, the Market District, Beaver Street and the latest, Weco.

The growth in destination branding, as the strategy is called, has coincided with Downtown Inc’s “Who Knew” campaign, a YouTube ad effort that highlights shopping and eatery options with the goal of bringing more foot traffic into local businesses.

Read more: http://www.ydr.com/local/ci_26617958/downtown-inc-using-destination-branding-market-city-neighborhoods

Sears Closing Store At Century III Mall In West Mifflin

Map of Allegheny County, Pennsylvania, United ...

Map of Allegheny County, Pennsylvania, United States with township and municipal boundaries (Photo credit: Wikipedia)

The Sears store at Century III Mall is slated to close in early December.

A spokesman for Sears Holdings in Illinois said a liquidation sale is scheduled to start Friday.

“Store closures are part of a series of actions we’re taking to reduce ongoing expenses, adjust our asset base, and accelerate the transformation of our business model,” said Howard Riefs, director of corporate communications for Sears Holdings, in an email.

Read more: http://www.post-gazette.com/business/2014/09/22/Sears-closing-store-at-Century-III-Mall-in-West-Mifflin-Pittsburgh/stories/201409220183

Old Republic Distillery Plans To Open Tasting Room, Retail Shop In West Manchester Township

Map of Pennsylvania highlighting York County

Map of Pennsylvania highlighting York County (Photo credit: Wikipedia)

Soon, fans of Old Republic Distillery won’t have to travel to Seven Valleys to buy a bottle of its Apple Pie Moonshine or Blackberry Vodka.

The distillery is relocating its tasting room to the York Crossing shopping center in West Manchester Township. It hopes to open in a 1,300-square-foot space in the shopping center by mid-to-late September.

The move is expected to raise Old Republic’s profile and boost sales, said Denise Mathias, 45, who owns the distillery with her brother Bill Mathias, 44.

Old Republic, thought to be the only distillery in York County and the first to open here since Prohibition, has developed a loyal following since launching in March 2013.

Read more: http://www.ydr.com/business/ci_26285562/old-republic-distillery-plans-open-tasting-room-retail

Boscov: Mall Price At Sheriff’s Sale Probably Too High

Map of Pennsylvania highlighting Lackawanna County

Map of Pennsylvania highlighting Lackawanna County (Photo credit: Wikipedia)

Department store owner Al Boscov is unlikely to bid when the Mall at Steamtown goes on the block at a sheriff’s sale next week, saying he anticipates the asking price will be too high.

The businessman has been unable to strike a deal with LNR Partners, the real estate company representing the mortgage holder, to acquire the mall but hopes to renew negotiations if the lender finds no takers for the property at the sale Tuesday, he and his lawyer said.

“At that point, it would be just as if we were buying a property in a private sales transaction,” said attorney Scott M. Esterbrook. “The (sheriff’s) sale is not the be-all, end-all. It’s one step in the process, and where we’re at today is we just haven’t reached an agreement yet.”

The mall entered foreclosure March 7 after owner Steamtown Mall Partners defaulted on a principal balance payment of $37.1 million due last July on its 2003 mortgage, setting up the sheriff’s sale. Mr. Boscov is a principal in Steamtown Mall Partners.

Read more: http://thetimes-tribune.com/news/boscov-mall-price-at-sheriff-s-sale-probably-too-high-1.1718214

Changing Skyline: Is ‘Over-Success’ In Development Hurting Philadelphia?

English: 1616 Walnut Street Building in Philad...

English: 1616 Walnut Street Building in Philadelphia. On NRHP since October 17, 1983 1616 Walnut Street in Rittenhouse Square East neighborhood of Center City. (Photo credit: Wikipedia)

It wasn’t long ago that Philadelphia’s movers and shakers were lamenting that the city was being ignored by international retailers. Those chains finally discovered the city, and now they’re colonizing the shopping districts around Rittenhouse Square and the West Philadelphia universities at a stunning pace. Sometimes, the only way to be sure you’re not at the King of Prussia Mall is to look up at the sky.

Having gotten what it wished for, the city is starting to feel the first side effects of what New York urbanist Kent Barwick, former head of the Municipal Arts Society, identified as “the over-successful city.”

This may sound like an odd worry in a town that looks over its shoulder and still sees Detroit. It’s certainly great that the chains help draw throngs to Walnut and Chestnut Streets again. They’ve brought their stylish displays and uncovered the dormant charms of many old commercial buildings. Yet, there is a numbing sameness to much of the retail. You’ve seen identical mannequins in identical outfits perched in windows on New York’s Fifth Avenue, Boston’s Newbury Street, and Chicago’s Michigan Avenue.

Read more at http://www.philly.com/philly/columnists/inga_saffron/20140711_Is__over-success__in_development_hurting_Phila__.html#OwFqlzCPsHwibjmA.99

Make Pittsburgh Your 2014 Summer Destination

Make Pittsburgh Your 2014 Summer Destination.  Great promotional video from VisitPittsburgh.

Sanatoga K-Mart Store Signs Announce Its Closing

Map of Pennsylvania highlighting Montgomery County

Map of Pennsylvania highlighting Montgomery County (Photo credit: Wikipedia)

SANATOGA PA – The K-Mart discount department store at 2200 E. High St., which occupies the largest retail building in Sanatoga village and has operated there continuously for decades, will close its doors Aug. 31 (2014), a store management employee confirmed Saturday (June 21).

Read more: http://sanatogapost.com/2014/06/22/sanatoga-k-mart-store-signs-announce-closing/

Pennsylvania’s Stagnant 2013 Growth Has Political Repercussions

Map of Pennsylvania, showing major cities and ...

Map of Pennsylvania, showing major cities and roads (Photo credit: Wikipedia)

Pennsylvania’‍s economy stalled last year, according to a report from the federal Bureau of Economic Analysis.

Pennsylvania’‍s real gross domestic product, an indicator of general economic conditions, grew just 0.7 percent in 2013. Only three states and Washington, D.C., saw slower growth.

Pennsylvania was also out-performed by its neighbors, West Virginia and Ohio, which saw 5.1 and 1.8 percent growth respectively. West Virginia has now outgrown Pennsylvania for six straight years, and Ohio has for two. Even struggling New Jersey beat out the Keystone State, posting 1.1 percent growth.

Read more: http://www.post-gazette.com/business/2014/06/19/Pennsylvania-s-stagnant-2013-growth-has-political-repercussions/stories/201406190114#ixzz356R8ZzWX

Century III Mall In West Mifflin Slides Into Retail Abyss

Map of Pennsylvania highlighting Allegheny County

Map of Pennsylvania highlighting Allegheny County (Photo credit: Wikipedia)

Jay Natale had a good year in 1979.

The Steelers won the Super Bowl. The Pirates won the World Series. And Natale opened a sporting goods store in the new Century III Mall in West Mifflin.

“The first year was unbelievable,” Natale, 70, of Elizabeth said, recalling a mobbed grand opening at the mall. “We hit the jackpot on that one.”

The jackpot lasted for nearly 20 years.

Since then, the mall has spiraled downward, losing customers, retailers and property value, which drained hundreds of thousands of dollars in property taxes from West Mifflin and its school district.

Read more: http://triblive.com/news/allegheny/6235359-74/mall-century-iii#ixzz34oyENfeX
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Century 21 Store Owner Pledges To ‘Alter The Retail Landscape’ In Center City

Map of Pennsylvania highlighting Philadelphia ...

Map of Pennsylvania highlighting Philadelphia County (Photo credit: Wikipedia)

Eddie Gindi met the family Tuesday. No one who ever pledged to a loved one could have been more solicitous.

Executive vice president and co-owner of Century 21, the latest and, arguably, most exotic retailer to commit to Philadelphia, Gindi promised success, devotion and a boundless future.

“We are honored to be part of Philadelphia,” he told an enthusiastic crowd at the Union League. “We want to alter the retail landscape here.”

And more.

Read more at http://www.philly.com/philly/business/20140611_Store_owner_pledges_to__alter_the_retail_landscape__in_Center_City.html#8bM5ZjttKxmE5Gsc.99

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Glassboro’s Downtown Tries Again For Revitalization

Map of New Jersey highlighting Gloucester County

Map of New Jersey highlighting Gloucester County (Photo credit: Wikipedia)

In Glassboro’s historic downtown, the story of one building chronicles the district’s past – and, perhaps, its future.

A colorful storefront at 11 E. High St. that now houses an artsy glass business previously held a short-lived studio and art gallery, a locally owned coffee shop, and, as far back as the mid-1900s, a neighborhood grocery store that was reportedly the first in the town to sell frozen food.

Once thriving and serving the everyday needs of nearby residents, this downtown district is the subject of a revitalization campaign as borough officials try to build on the success of nearby Rowan University and create a vibrant arts community.

A blacktop connection, Rowan Boulevard, which is a new roadway and $300 million redevelopment project, broke ground in 2009. But a vacant lot between the boulevard and the longtime downtown area – described by one person as the “gray area” between the old and new – testifies to the work still to be done.

Read more at http://www.philly.com/philly/news/local/20140526_Glassboro_s_downtown_tries_again_for_revitalization.html#41Wr7GLgC8h42IM6.99

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New Economic Study Points To Rapid Growth In Downtown Pittsburgh

English: Downtown Pittsburgh

English: Downtown Pittsburgh (Photo credit: Wikipedia)

When it comes to economic and residential growth, the Golden Triangle has had the golden touch in recent years, with almost $800 million in development under construction and about twice that much planned.

A study released on Thursday predicts that trend will continue with explosive development of apartments, hotels and retail and high-end office space in Pittsburgh’s Greater Downtown, including the Triangle, North Shore, South Shore, Uptown, the Bluff and near Strip District as far northeast as 31st Street.

“We’re only experiencing the beginning of Downtown’s transformation,” said Jeremy Waldrup, president and CEO of the Downtown Partnership.

The partnership produced the study, which looked at economic indicators in several key areas to evaluate Downtown’s vitality. It gave the results in a presentation at Union Trust Building — itself a symbol of Downtown’s revitalization.

Read more: http://triblive.com/news/adminpage/6115943-74/downtown-percent-partnership#ixzz31tEGYvVi
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Steamtown Mall Goes To Sheriff’s Sale June 10 With $43.7M Asking Price

Map of Pennsylvania highlighting Lackawanna County

Map of Pennsylvania highlighting Lackawanna County (Photo credit: Wikipedia)

The asking price for the foreclosed downtown shopping center will be $43.7 million, according to a list released Monday by the Lackawanna County sheriff’s office.

The sale begins at 10 a.m. in the first-floor jury lounge at the Lackawanna County Courthouse, said Robert Moore, a deputy sheriff. Although the mall is the first item on the list, the auction will follow bidding for other properties held over from earlier sales, the deputy said.

Mall principal Al Boscov continues to put together financing to try to make the acquisition, said Scott Esterbrook, a Philadelphia lawyer who represents the department store magnate in the foreclosure.

“Albert is still working on a lot of details relating to the foreclosure sale,” Mr. Esterbrook said. “He is trying to raise the capital to pull it off.

Read more: http://thetimes-tribune.com/news/steamtown-mall-goes-to-sheriff-s-sale-june-10-with-43-7m-asking-price-1.1676862

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Website Launched By Nazareth Economic Commission Seeks To Revitalize Downtown

Map of Pennsylvania highlighting Northampton C...

Map of Pennsylvania highlighting Northampton County (Photo credit: Wikipedia)

A website launched by the Nazareth Economic Development Commission aims to fill empty storefronts and attract more visitors downtown.

The website,www.nazarethnow.org, was launched last week.

Those navigating through it will see a video about the Nazareth area, highlighting the borough’s downtown, Moravian history, Martin Guitar and a tour of the home of race car legend Mario Andretti. There are tabs about food and shopping destinations, a monthly calendar of events and how to get more involved.

Read more: http://www.lehighvalleylive.com/nazareth/index.ssf/2014/04/new_website_launched_by_nazare.html

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$60-$70 Million Chestnut Street Residential Development Set To Begin

Map of Pennsylvania highlighting Philadelphia ...

Map of Pennsylvania highlighting Philadelphia County (Photo credit: Wikipedia)

In what would transform a bedraggled slice of central Philadelphia, demolition crews are weeks away from dismantling nearly an entire side of the 1100 block of Chestnut Street, part of a $60 million to $70 million redevelopment tapping the soaring apartment market and surging appetites to shop and live east of Broad Street.

Zoning approvals and permits are in place, additional property was acquired as recently as Thursday, and a large section of sidewalk has been closed as lead development partner Brickstone Co. prepares to build a complex of loft-style apartments above towering, three-story retail spaces.

The development will stretch almost the length of the south side of Chestnut between 11th and 12th Streets, Brickstone managing partner John J. Connors said.

Connors would not discuss what tenants are being courted, but the project could include a supermarket if rumors swirling among civic activist circles are true.

Read more at http://www.philly.com/philly/business/20140425__60-_70_million_Chestnut_Street_residential_development_set_to_begin.html#oF4zBbpGx4j9dij1.99

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Retailer Coldwater Creek Files For Bankruptcy

Women’s clothing chain Coldwater Creek has filed for bankruptcy and plans to liquidate its operations.

The Idaho retailer — which has Pittsburgh-area stores in Ross, Monroeville, Mt. Lebanon, Cranberry, Grove City and Erie —announced that it plans to start liquidation sales in early May. The company’s most recent quarterly report listed 343 traditional stores, 36 factory stores and 7 spas.

Coldwater Creek said it has been reviewing its options for the past six months and considered many options, including a sale of the company. But the company wasn’t able to find a buyer or a source of enough capital to turn the business around.

Read more: http://www.post-gazette.com/business/2014/04/11/Coldwater-Creek-files-for-bankruptcy/stories/201404110175#ixzz2ygqJfoxg

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