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

Detail from a photo from labelscar.com

“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 not be taken anytime soon. Instead, the space of the soon-to-be-closed Kmart will more likely house stores of the latter variety, in addition to getting a strong food presence.

According to Chris Hepp of the Inquirer, PREIT didn’t (or couldn’t?) seal the deal with any top-drawer department stores. CEO Joseph Coradino then mentioned food as “an important component” in transforming the Gallery into a go-to fashion place.

• Gallery owner likely looking at ‘fast fashion,’ food [Inquirer]

In other news…

• Chinatown’s $70M tower gets funding source [Philadelphia Business Journal]

• Foreign investors sought for planned Chinatown North tower [Daily News]

• Financier convicted of defrauding nearly 2,000 clients [Inquirer]

• Methadone clinic approved for Front and Diamond streets [PlanPhilly]

• Vacant auto dealership will become home to Wawa, CVS [Northeast Times]

• First Zoning Approval meeting for 4224 Baltimore scheduled for March [West Philly Local]

• Plans for Cascia Center at Broad and Ellsworth presented to neighbors [Passyunk Post]