Philadelphia center to be re-anchored with a Giant supermarket
Federal Realty has taken a Giant step in its revitalization of Andorra Shopping Center in Philadelphia.
Three years ago, the Rockville, Md.-based REIT renovated the center in the hilly Roxborough section of town, adding new facades as well as 40,000 sq. ft. of national brand tenants the likes of T.J. Maxx and Five Below.
This week Federal announced that it will invest more than $25 million in the construction of a 50,000-sq.-ft. Giant supermarket and the repositioning of 30,000 sq. ft. of existing retail at Andorra.
“Adding a full-size Giant, with all of their amenities and offerings, is a game-changer for both Andorra Shopping Center and the surrounding community,” said Kari Glinski, Federal’s VP of asset management. “Federal Realty is committed to constantly improving the quality and shopping experience for our customers.”
Though detailed plans are not yet finalized, Federal expects to redevelop 30,000 sq. ft. of retail adjacent to the Andorra branch of the Free Library of Philadelphia. Plans for the space include landscaped plazas, outdoor dining, and curbside pick-up parking spaces with expanded sidewalks and elements designed to improve pedestrian connectivity. The redevelopment is expected to be completed in 2026.
Roxborough contains a population of more than 30,000 people, whose household incomes average around $94,000. In the mid-18th Century, the neighborhood, which is bordered by the Schuylkill River, was settled by wealthy owners and executives of the Manayunk textile mills.
"[Federal’s] reinvestment will enhance the quality of life for the Roxborough community by bringing in a best-in-class grocer, new retail business opportunities and shopping center amenities that will serve our neighborhood,” said Curtis Jones Jr., councilman for Philadelphia’s 4th District, in which Roxborough resides. “I am excited about the positive, long-term impact this will have for residents and businesses alike."
Federal states that its strategic mission is to deliver long-term, sustainable growth by investing in communities where retail demand exceeds supply. In recent years, the company has exhibited great skill in the creation of mixed-use urban neighborhoods such as Santana Row in San Jose, Calif. and Assembly Row in Somerville, Mass.
