Fresh off the news that Center City would be getting its first Target store in summer 2016 and its first Bloomingdales in November, Target has announced that it will open a second, urban-focused Target store in downtown Philadelphia in 2016.
The first store, announced in June of this year, will open in July 2016 at 19th and Chestnut Streets in Center City’s Rittenhouse Square neighborhood.
The second store, just announced, will open at 12th and Chestnut in the Center City’s vibrant Midtown Village neighborhood and just a block from Market East. The second store is also aiming for a July 2016 opening.
Both stores will be much smaller than a typical suburban-style Target, with their massive parking lots. These two downtown Target stores will be pedestrian-focused, catering to the influx of residents and visitors Philadelphia has seen in recent years.
Meanwhile, Center City’s overall retail scene continues to strengthen and grow.
Center City District reports that with 293,700 workers, 183,240 residents, 116,185 college students in and adjacent to Center City, and 3.1 million occupied hotel room nights in 2014, Center City generates $800 million in retail demand within a 30-minute walk of City Hall.
And pedestrian traffic in Center City was up 20% in Q4 2014 over Q4 2013, according to CCD. So look forward to this surge of new retailers entering Philly’s downtown continuing. And enjoy the shopping!
Target confirms it will open store at 12th and Chestnut in 2016 [Philadelphia Inquirer]
TargetExpress store planned for part of Boyd site at 19th & Chestnut [Philadelphia Inquirer]