Aldi To Reopen 30 Of 66 Shut Bottom Dollar Stores

Discount grocer Aldi said Friday that it will reopen 30 of the 66 former Bottom Dollar stores it took over in Pennsylvania, South Jersey, and northeast Ohio after the previous owner, the Delhaize Group, shut Bottom Dollar last year.

Five ex-Bottom Dollar stores in Philadelphia and 14 in the suburbs will reopen. Four Philadelphia stores will stay shut, along with 13 in the suburbs.

Aldi, an Illinois-based U.S. arm of Germany’s Albrecht family grocery conglomerate, said in 2013 it planned a $3 billion expansion, and Friday’s announcement is part of that effort.

Read more at http://www.philly.com/philly/business/20150328_Aldi_to_reopen_30_of_66_shut_Bottom_Dollar_stores.html#PzL7PW1CHTgYrswX.99

Additional article about Lehigh Valley locations:

http://www.lehighvalleylive.com/breaking-news/index.ssf/2015/03/aldi_to_convert_2_of_8_bottom.html

Boscov’s To remodel Wilkes-Barre Store To Tune Of $1 Million; Work To Start In 2 Weeks

WILKES-BARRE, PA — Al Boscov said Tuesday that the long-awaited million-dollar renovation of the downtown store will begin in two weeks.

“We’ve had a slight change in design, and that’s the reason for the delay in starting,” Boscov said. “The project will begin on the third floor and the estimate remains at $1 million.”

It’s been one year since Boscov announced the plan to remodel the South Main Street store and customers and employees have been anticipating the project.

Last March, Gary Boyer, Boscov’s senior executive vice president/chief stores officer, said carpeting was going to be installed within a month, but the project never started. Boyer also said shoppers could expect to see brighter lights, new carpeting and flooring, freshly painted walls, some new features, expanded departments and maybe a few new shops.

Read more: http://www.timesleader.com/news/business-home_top-local-news/152531939/

Grass-Roots Effort For A Marketplace In The Mall At Steamtown Continues

SCRANTON, PA — The idea of a Reading Terminal Market marketplace in the Mall at Steamtown is gaining momentum.

The concept to create a marketplace in a portion of the mall began nearly two months ago as brothers, Michael and George Boyd, both of Scranton, started a Facebook page to gauge public’s interest to save their city’s retail hub.

Thousands in Lackawanna and Luzerne counties have weighed in on the idea. Last month, the Boyd brothers said the positive responses were “overwhelming.”

Today the Facebook page, Reading Terminal Market at the Mall at Steamtown, has more than 5,800 “Likes” and is getting people talking about how to revive the mall.

Read more: http://www.timesleader.com/news/business-local-news/152278963/

Has Philadelphia’s Market East’s Time Finally Come?

If Philadelphia were a basketball court, Market Street East would be that inexplicable dead spot on the floor, the place where the ball just doesn’t bounce.

The eight-block corridor has four Dunkin’ Donuts and two Subway sandwich shops — but no outdoor cafe. A McDonald’s sits in what used to be a porn emporium.

The mid-street shopping selection on what should be a glittery avenue ranges from drug store to cut-rate clothing to cash-for-gold. Addicts come and go from a methadone clinic. The homeless own the corners, and the constant, rolling wall of buses fouls the air.

For years, when people like Paul Levy pitched the route’s potential to developers, they answered, “Yeah, I get it, but nobody goes to Market Street.”

Read more:  http://www.philly.com/philly/business/Mall_to_the_Hall.html

Changing Skyline: Developer Roland Kassis Transforming Fishtown Into Hip Haven

Every changing neighborhood in Philadelphia seems to have one: a developer who dominates the scene.

In Northern Liberties, it’s Bart Blatstein. In Newbold, it’s John Longacre. In Point Breeze, it’s Ori Feibush. On South Broad Street, it’s Carl Dranoff. They amassed their real estate holdings when the neighborhoods were cheap, then became the masters of their destinies when the places emerged, Sleeping Beauty-like, from slumber.

Now, it’s Fishtown’s turn, and Roland Kassis is the reigning developer. Over 25 years, Kassis estimates, his company, Domani Developers, has collected a million square feet of property, mainly in old manufacturing buildings along Frankford Avenue, the neighborhood’s commercial spine. That’s almost as much space as the Comcast Tower holds.

Kassis, 44, who was born in Lebanon, raised in Liberia, and speaks French, exhibits the same manic energy and insatiable appetite for abandoned factories as the other neighborhood titans, but he has a sensibility more in tune with Fishtown’s arty, DIY, tattoo-and-vintage-loving culture. He not only nurtured a yoga studio on Frankford Avenue, he practices there and eschews meat. It’s hard to imagine many other Philadelphia developers chanting “Om.”

Read more at http://www.philly.com/philly/home/20150306_Changing_Skyline__Developer_Roland_Kassis_transforming_Fishtown_into_hip_haven.html#AgDY2fTHVBtIvMvF.99

Could The Mall At Steamtown Reinvent Itself With An Open-Air Market Atmosphere?

SCRANTON, PA — The Mall at Steamtown hasn’t exactly been running at full power lately.

But a couple of brothers have gone to social media to pitch an idea to put more firepower in the ailing mall, and the public is starting to take notice.

Scranton natives Michael Boyd and his brother George think creating a marketplace similar to the long-standing Reading Terminal Market in Philadelphia could be the key to the city’s revitalization.

The downward spiral of the once-vibrant downtown mall has been apparent in recent years. A walk through the two-story structure on Lackawanna Avenue last week showed 47 active store fronts and 23 shuttered ones.

Read more:  http://www.timesleader.com/news/business/151922265/

RadioShack On Brink Of Bankruptcy; Amazon, Sprint In Talks To Buy Stores, Reports Say

RadioShack Corp. is edging toward bankruptcy and both Sprint Corp. and Amazon.com Inc. are interested in buying some of its stores, according to reports.

Under a bankruptcy deal, the century-old electronics retailer would sell about half of its store leases to Sprint Corp., headquartered in Overland Park, Kansas, and close the rest, Bloomberg.com reported Monday. The remaining stores would operate with the wireless carrier’s name, meaning RadioShack would cease to exist as a stand-alone retailer.

“Sprint and RadioShack also have discussed co-branding the stores. … It’s also possible that another bidder could emerge that would buy RadioShack and keep it operating,” the report says

Sanpower Group, one of the China-based firms that brought gadget retailer Brookstone out of bankruptcy with the intent of operating it as a stand-alone brand, has expressed interest in RadioShack, too.

Read more: http://www.lehighvalleylive.com/breaking-news/index.ssf/2015/02/radioshack_on_brink_of_bankrup.html

“Malls Have Been A Dying Thing For Us”: Who’ll Replace RadioShack?

Radio Shack has been trying to close more than 1,000 of its 5,000 stores for the past year; its lenders are resisting; bankruptcy threatens.

Meantime other retailers are weighing whether Radio Shack sites — 29 in Philadelphia and its nearby suburbs, a total of 130 from Wilmington to Princeton, each about 2,000-2,700 sq ft — would make good lunch spots, phone stores, massage salons.

“We have a lease” to take over a Philadelphia-area Radio Shack — he won’t say which, it’s still open — and are negotiating for others in Boston, Atlanta, Miami, and Austin, Tex., Todd Leff, CEO of Hand and Stone Massage and Facial Spas, a 200-store franchise chain based in Hamilton Township, N.J., told me.  Hand and Stone says it has 35 locations in the Philadelphia area and South Jersey, and plans up to 15 more. Each store employs 30, including therapists and aestheticians for massage and skin care. Hour-long treatments cost $49-99.

Read more at http://www.philly.com/philly/blogs/inq-phillydeals/Malls-have-been-a-dying-thing-for-us-Wholl-replace-RadioShack.html#i6EFp5ErOlAswsiP.99

Plans To Transform Underperforming Burlington Mall

Over the next two to three months, officials in Burlington Township will be getting architectural and civil engineering drawings of what the new Marketplace at Burlington – formerly Burlington Center Mall – will look like, as well as a count of the traffic it is hoped it will generate.

By mid-spring of next year, owner Moonbeam Capital Investments L.L.C. of Las Vegas says, groundbreaking will begin to convert the underperforming mall into a must-see destination off Exit 47A of I-295 for shopping, dining, and entertainment.

If all goes as planned, the $230 million-plus phased conversion will also include manicured green spaces with benches and fountains that seamlessly tie a traditional mall with an open-air town center.

The full build-out is expected to take from two to three years and will be done in stages. The mall will stay open the entire time.

Read more at http://www.philly.com/philly/business/20150124_Plans_to_transform_underperforming_Burlington_mall.html#ryTRJvJqSdssWhue.99

Costco, Whole Foods Shopping Center Tenant Roster Almost Full; Project Set For Spring 2016 Opening

LOWER MACUNGIE TOWNSHIP, PA – The Hamilton Crossings tenant roster is almost full, project developers Tim Harrison and Jeremy Fogel said Tuesday.

Nearly 100 percent of the retail and restaurant space available at the 570,000-square-foot shopping center has been leased, they said during a presentation organized by Commercial Real Estate Women Network Lehigh Valley.

“There are people that, personally, I’d like to fit, but we just don’t have the room,” said Harrison, of Staten Island, N.Y.

The Lower Macungie Township complex will feature several Lehigh Valley firsts — Costco, Whole Foods and Nordstrom’s Rack — but declined to name retailers or restaurants that have not previously been announced.

Read more: http://www.lehighvalleylive.com/lehigh-county/index.ssf/2015/01/hamilton_crossings_lower_macun.html

Target Aiming To Build Small Center City Stores

For years, landlords tried to coax Target to open one of its big-box stores in the heart of Philadelphia. Each time they failed, daunted by the difficulty of plunking a store the size of two football fields into a packed downtown.

That chase appears to have come to an end, with a much smaller version called Target Express now looking to make a splash at multiple locations in the hottest pockets of redevelopment near Philadelphia’s core.

Target Corp. is hunting for lease deals in Center City and University City to build what could be as many as four of the new stores, which are about one-sixth the size of a suburban Target.

The goal is to bring the brand to the very Baby Boomers and young professionals who became loyal customers in the suburbs, but who increasingly are moving into resurgent central Philadelphia.

Read more at http://www.philly.com/philly/business/20150109_Target_aiming_to_build_small_Center_City_stores.html#jQsGpabPqVtiiwUp.99

Monroeville Mall Quieter Today After Friday Night Fracas

No trouble was reported as of this afternoon at the Monroeville Mall, which reopened today under heightened police watch after a series of fights broke among 1,000-plus teenagers and young adults Friday night, prompting the facility to close early.

Two injuries not believed to be life-threatening were reported in the skirmishes that began on the first floor and moved upstairs, startling shoppers on the day after Christmas and drawing police from multiple communities. Authorities expected to cite at least one for disorderly conduct, in addition to a pair of arrests made earlier Friday over a domestic dispute.

Monroeville Police Chief K. Douglas Cole said today he knew of no connection between the disturbance at the mall in his community and problems reported Friday in at least two other malls elsewhere in the nation.

Some mall stores within Independence Center in Independece, Mo., were locked down Friday night after several hundred youths congregated inside, with some fights breaking out, The Kansas City Star reported.

Read more: http://www.post-gazette.com/local/east/2014/12/27/Monroeville-Mall-quieter-today-after-Friday-night-fracas/stories/201412270116

South Bethlehem Complex Of 110 Luxury Apartments, Offices And Stores To Start In Spring With Authority Approval

The developer of Bethlehem’s first City Revitalization and Improvement Zone project got approval Thursday to proceed with a second project.

BethWorks Renovations’ three-building complex of 110 luxury apartments, offices and retail space will flank its first project, a distillery called Social Still slatted to open on East Third Street as early as this weekend, the developer said.

Construction on Greenway Commons, as the three-building complex is called, will follow starting in March, said Rob de Beer, the development director for Peron Development, a BethWorks-affiliated company. The company plans to start construction on the two retail-and-apartment buildings in March with the retail-and-office building starting as soon as a nearby garage the complex plans to use for parking is underway, de Beer said.

The complex will be built atop three parking lots across from Northampton Community College. BethWorks bought the lots from the former Bethlehem Steel Corp. in 2004, de Beer said.

Read more: http://www.lehighvalleylive.com/bethlehem/index.ssf/2014/12/south_bethlehem_complex_of_110.html

No Holiday Cheer At The Philadelphia Gallery

MOHAMMAD HOSSAIN has sold jewelry from his Gold Center kiosk in the Gallery mall on East Market Street for 10 years, and yesterday he wore a weary expression.

Despite the holiday season, Hossain and other merchants weren’t feeling cheerful. PREIT, the owner of the Gallery, has told them to vacate by either Dec. 31 or Jan. 31.

PREIT has plans to redevelop the Gallery, which means the stores and kiosks will be moved out for at least a year.

George Thomas, who has operated a jewelry kiosk there for 20 years, said merchants are angry.

Read more at http://www.philly.com/philly/business/20141214_No_holiday_cheer_at_the_Gallery.html#4y8Ur2uzxQh6rLqw.99

Boscov ‘Donates’ $700,000 To Scranton To Make Good On Mall Loan

Al Boscov gave Scranton Mayor Bill Courtright a check today for $715,173, to make good on a loan the city had given years ago to The Mall at Steamtown that went unpaid.

Calling the check a “donation” from Boscov’s Department Stores to the city, Mr. Boscov said he felt obligated to pay the loan back even though neither he nor his company is legally on the hook to do so.

The donation check is intended to replace a $612,480 loan that the city gave to the former mall owner in 2001 from federal funds that the city receives, as well as $102,693 in interest.

Read more: http://thetimes-tribune.com/news/boscov-donates-700-000-to-scranton-to-make-good-on-mall-loan-1.1795802

Downtown Bethlehem Association Creates App For One-Stop-Shopping For Restaurants, Stores And Parking

Map of Pennsylvania highlighting Northampton C...

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

Downtown Bethlehem? There’s an app for that.

The Downtown Bethlehem Association on Wednesday debuted its new app that puts information about local attractions, restaurants, stores, hotels, parking and events all in one place.

“It’s a way for allow people to find things in Bethlehem all in one place – on their smartphone,” said DBA President Neville Gardner, who owns Donegal Square and McCarthy’s Red Stag Pub and Whiskey Bar at Main and West Walnut streets. “Bethlehem may be a historic town, but we’re definitely in the next millennium.”

The association has been working to develop the app for more than two years, Gardner said. Smartphones are increasingly being used in making plans, officials noted.

Read more: http://www.lehighvalleylive.com/bethlehem/index.ssf/2014/11/downtown_bethlehem_association_2.html

PhillyDeals: Expansion Planned At King Of Prussia Plaza And Court

King of Prussia Mall

King of Prussia Mall (Photo credit: Wikipedia)

Simon Property Group, the Indianapolis-based retail giant that owns 200-plus shopping malls nationwide, is sacrificing more than 400 parking spaces at its King of Prussia Plaza and Court to make room for at least 50 new stores and restaurants that it hopes will draw more wealthy shoppers to the region’s biggest retail complex.

At extra-large shopping centers such as King of Prussia, at least, “the mall business is good, contrary to some of the naysayers,” David Contis, president of Simon Malls and a corporate senior vice president, told me Monday.

His company bought out other investors to take control of the King of Prussia mall in 2011, in deals that valued the complex at over $1 billion.

Contis said he expected to attract luxury stores from outside the region and “the best of the Philadelphia eateries” to the new space, rather than shifting current tenants there.

Read more at http://www.philly.com/philly/business/20141118_PhillyDeals__Expansion_planned_at_King_Of_Prussia_Plaza_and_Court.html#4mWT6geTQWCWiwR1.99

Dilapidated Buildings Hinder Greensburg Downtown Growth

Map of Pennsylvania highlighting Westmoreland ...

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

Leaky roofs and outdated structures are one big reason why about 20 percent of downtown Greensburg storefronts are vacant, despite businesses clamoring to move in, according to the Greensburg Community Development Corp.

The nonprofit plans to purchase four of the dilapidated buildings within the next year, and pursue private and public grants to fix them up and resell them to private owners, said Steven Gifford, its executive director.

Downtown real estate is in demand, with more businesses wanting to move into storefronts than there is space available, according to Gifford. Despite this, about one-fifth of the city’s 138 storefronts remain vacant, often because they are too run down or unsafe to occupy.

The development corporation has identified seven buildings with leaking roofs, and another five that cannot be occupied because of building code deficiencies, such as missing sprinkler systems and staircases.

Read more: http://triblive.com/news/westmoreland/7098524-74/buildings-gifford-owners#ixzz3J9lEs6Fm
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Bottom Dollar Food Stores To Close By Year’s End And Be Sold To Aldi

The Belgium-based owner of Bottom Dollar Food stores plans to close its 66 store locations in Pittsburgh and Philadelphia markets and sell the assets to discount food competitor Aldi Inc. for about $15 million.

Aldi said the purchase is part of an expansion plan that will add 650 stores nationwide by the end of 2018.

Delhaize Group of Brussels said all stores are expected to remain open as Bottom Dollar Food stores until yearend. After that, banner will be retired. The sale of stores and leases to Aldi is expected to be completed by March 31.

Read more: http://triblive.com/business/headlines/7104718-74/aldi-stores-bottom#ixzz3ILGhsZ8R
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