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Circuit Trails Coalition Secures Funding to Bring Over 90 Miles of New Trails to Philadelphia, Surrounding Region
The Circuit Trails Coalition has recently obtained funding to support the development of up to 91 miles of new trails in Philadelphia and the surrounding region, with several projects already in progress, writes Mike D’Onofrio for AXIOS Philadelphia. Upon completion, the Circuit Trails in the region will stretch for more than 500 miles, connecting nine…
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Aramark Looks Ahead to ‘Broad-Based Growth Opportunity’ in 2026 After Record Year
After generating a record $18.5 billion in revenue in the most recent fiscal year, Aramark is looking ahead to “broad-based growth opportunity” for 2026, writes Emma Dooling for the Philadelphia Business Journal. For the fiscal year that ended on October 3, the Philadelphia-based food and facility services company saw a 6 percent increase from the…
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Local Developer Plans Mixed-Use Project After Prime Fishtown Site Acquisition
Philadelphia-based development company Eclipse Development recently acquired a prime Fishtown development site and is planning a four-story mixed-use building there, writes Paul Schwedelson for the Philadelphia Business Journal. Eclipse paid $2.65 million for the vacant Frankford Avenue site, acquiring it from the nonprofit, Lutheran Settlement House. Plans are calling for 20 apartments and 7,000 square…
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Local Developer Plans Mixed-Use Project After Prime Fishtown Site Acquisition
Philadelphia-based development company Eclipse Development recently acquired a prime Fishtown development site and is planning a four-story mixed-use building there, writes Paul Schwedelson for the Philadelphia Business Journal. Eclipse paid $2.65 million for the vacant Frankford Avenue site, acquiring it from the nonprofit, Lutheran Settlement House. Plans are calling for 20 apartments and 7,000 square…
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Meet the Mt. Airy Couple Who Created the Eagles “A Philly Special Christmas Special” Stop-Motion Video
Philadelphia couple Peter Heacock and Marie Hart are the creators of the claymation visuals seen in the “A Philly Special Christmas Special” stop-motion holiday video, writes Asha Prihar for Billy Penn at WHYY. The two of them, founders of unPOP Animations, shot the special in their Mt. Airy garage. It took about four-and-a-half months, 5,000…
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How Larry Platt’s Acquisition of Philadelphia Magazine Came To Be
The Philadelphia Citizen’s acquisition of Philadelphia Magazine in October was the culmination of more than a year of talks and negotiations, and it took a number of key business leaders to make it happen, writes Jeff Blumenthal for the Philadelphia Business Journal. In the summer of 2024, Larry Platt received a message from Larry Ceisler,…
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Philadelphia’s Largest and Oldest Investment Bank to Shift Focus to Wealth Management, Stock Broking
Janney Montgomery Scott LLC, the largest and oldest investment bank in Philadelphia, will soon exit this realm in favor of focusing exclusively on its wealth advisory business, writes Joseph DiStefano for The Philadelphia Inquirer. The decision to maneuver against its nearly 200-year history as an investment bank and place its emphasis on stock broking comes…
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New Resolution Would Give Philadelphia’s Vacant School Buildings New Life
Philadelphia has about 20 vacant school properties across the city, causing increased pressure from the community to do something with them. There is now a new resolution that the Philadelphia Board of Education will vote on that would bring new life to these vacant school buildings, writes Raymond Strickland for CBS News Philadelphia. If passed,…
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New Report Details Who Has Been Moving Into Center City’s New Apartment Buildings
Center City has seen a major influx of new apartments in recent years and a new report breaks down the demographics of the individuals who have been moving into them, writes Molly McVety for PhillyVoice. A recent survey published by the Center City District shows that Philadelphia has been attracting many new residents from other…
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Schuylkill River in the Running for Pennsylvania’s 2026 River of the Year Honors
The Schuylkill River in Pennsylvania is one of three rivers being considered for Pennsylvania’s 2026 River of the Year honors, as selected by the Pennsylvania Organization for Watersheds & Rivers. The Schuylkill is known for being an urban oasis surrounded by the backdrop of a gorgeous skyline along with bustling roads. It has such a…
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Bellwether District Announces West Coast-Based Canned Beverage Company As First Tenant
The Bellwether District is set to host the first Northeastern United States factory of West Coast-based canned beverage company DrinkPAK, writes Jake Blumgart for The Philadelphia Inquirer. The 1,300-acre Bellwether District occupies the former site of the South Philadelphia oil refinery. The HRP Group has remediated the property into a warehouse, manufacturing, and life sciences…
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Comcast Will Not Further Pursue Warner Bros. Discovery After Failed Bid
Comcast co-CEO Michael Cavanagh disclosed the details of the Philadelphia company’s failed bid for Warner Bros. Discovery on Monday, stating that it would not reenter the process after a hostile bid from Paramount sought to interfere with the Netflix deal announced last week, writes Ryan Mulligan for the Philadelphia Business Journal. Comcast suggested folding a…
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Philadelphia Named One of World’s Worst Cities for Traffic Congestion
The 2025 Global Traffic Scorecard from INRIX has listed Philadelphia as one of the most congested cities both in the United States and globally, writes Jonathan Diamond for the Philadelphia Business Journal. The report found that during 2025, commuters in Philadelphia lost an average of 101 hours to extended travel, placing it third in the…
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Waymo Plans Philadelphia for Self-Driving Taxi Expansion
Waymo is planning to expand in Philadelphia, bringing the city its first fleet of self-driving taxis, writes Mike D’Onofrio for AXIOS Philadelphia. Waymo announced that Philadelphia will join over a dozen cities that are planned for future robotaxi deployments. These will add to the five cities where it already operates: Los Angeles, Phoenix, San Francisco,…
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Franklin Mall Goes Up for Sale, Several Options in Play for Property’s Future
Franklin Mall, Philadelphia’s largest outlet mall and the second largest in Pennsylvania, has been put up for sale, writes Emma Dooling for the Philadelphia Business Journal. JLL, the real estate firm marketing the mall for sale, has not listed an asking price for the property. With the 137-acre property now on the market, a number…
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30-Minute Amazon Delivery Arrives in Philadelphia
Philadelphia residents can now enjoy even faster and more efficient service as Amazon rolls out 30-minute delivery in the city, writes Victor Fiorillo for Philadelphia Magazine. Philadelphia is one of only two cities where the e-commerce giant started its new faster delivery service, the other being Seattle, home of its headquarters. Although the Amazon service…
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New Seven-Year Agreement Anchors Return of Cruising to Philadelphia with New Terminal
A 15.5-acre site recently acquired along the Delaware River will become the location of a Norwegian Cruise Line terminal, as the Port of Philadelphia moves forward with a seven-year deal that will bring cruises back to the city as a home port, writes Ryan Mulligan for the Philadelphia Business Journal. The agreement with the Miami-based…
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Century Therapeutics Expands Pipeline with Type 1 Diabetes Drug Candidate
Philadelphia-based Century Therapeutics is broadening its drug development pipeline with a new candidate aimed at treating Type 1 diabetes, an autoimmune disease that affects 2 million people in the U.S., writes John George for the Philadelphia Business Journal. “There is a massive unmet need in Type 1 diabetes,” said Century CEO Brent Pfeiffenberger. “Type 2…
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