Back in December it was a maybe, but now it’s official: A 36,000-square-foot Target Store at Broad Street and Washington Avenue will anchor the Lincoln Square residential and retail project.
Construction at the site began months ago. An October 2018 opening date is projected.
Metro Commercial Brokers, which has represented Target in all of its Philly deals, said the locations are attractive to the retailer for one big reason: “The six locations are all located in high-traffic, high-density areas of the city where guests can benefit from Target’s small-format stores,” said Steve Niggeman, Metro Commercial’s executive vice president.
Plans for the 286,170-square-foot Lincoln Square project were first announced in March 2016, a joint venture between Alterra Property Group and MIS Capital. Kimco Realty recently acquired a 90 percent ownership interest in the development, which will bring 322 apartments, a parking garage, restaurants, and retail to the northwest corner of South Broad and Washington.
In addition to Target, there will be a 16,000-square-foot Petsmart. And a historic train shed on the property will be converted into a 32,000-square-foot grocery store. The tenant has not yet been named. – Curbed Philly
This Target has no idea what it’s in for on January 1, 2019.