Redevelopment begins at center in Philadelphia’s Fishtown section
The redevelopment of the Port Richmond Village center in Philadelphia’s Fishtown neighborhood is in keeping with Cedar Trust Realty’s urban strategy.
“Our work in Philadelphia showcases our overarching investment philosophy, which is to breathe new life into urban retail centers, in large part by providing additional access to high-quality grocery stores and other sources of fresh foods,” said company CEO Bruce Shanzer at a groundbreaking that will add 18,000 sq. ft. to the center that has been renamed as Fishtown Crossing.
New to the center will be Starbuck’s and Nifty Fifty’s, public space upgrades, expanded dining choices, and a facelift for facades and signage. The IGA-anchored center’s in-place tenant roster includes GNC, Kicks USA, Slack’s Hoagie Shack, and Rita's Water Ice.
The property is the first of several redevelopment initiatives led by Cedar Realty Trust in Philadelphia. Its South Quarter Crossing residential project will include the redevelopment of two existing shopping centers--Quartermaster Plaza and South Philadelphia Shopping Center.