No More Room In Center City?

Retail momentum has been building in Center City, and now there isn't enough space for every retailer that wants to be there, Metro Commercial prez Steve Gartner tells us.
Most national retailers are still gravitating to the five blocks from Broad Street to Rittenhouse Square, and out of about 80 storefronts, only a handful are vacant, Steve says. Retailers are now looking at Chestnut Street with more seriousness, and even Market Street West.(From experience, we suggest not opening with, "you're our third choice... will you marry me?") With the addition of several new construction projects, mostly residential, there are large chunks of modern, high-ceiling spaces with adequate loading, but the question is whether retailers will give up their fondness for certain parts of Center City for these close-by new spaces.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Dallas-Fort Worth Newsletters
Related Stories

Tenant Departure Leaves Beleaguered Broad Street Office Over Half-Vacant

Piedmont Realty Exiting Houston Market With Office Dispositions

Suburban D.C. County Weighs Microhousing As Affordability Salve

Fannie Mae, Freddie Mac Rewrite Underwriting Standards For NYC's Rent Freeze

RealPage Antitrust Case Ends With Nearly $360M In Settlements For Renters

ZOM Living Entity Files For Bankruptcy To Fund Fight To Overturn $323M Judgment

Golden Apartment Building Sells For $62M To Chicago Company

Ceutical Laboratories To Move HQ To Lewisville: The DFW Deal Sheet

New Student Housing Towers Lease Up Quickly In University City, But Developers Can't Build More

Nord Group's Lawyer Moves To Quit, Says Entities Can't Pay Him

The Geo Group To Reopen 2,329-Bed Immigration Facility In Texas

What's At Stake For CRE In Tuesday's U.S. Midterm