Just a month ago, the Lincoln Square development in the works at Broad and Washington received approval from the Civic Design Review. Things are continuing to move forward with the project, now with excavation beginning on the site and some more news about a potential tenant for the mixed-use building.
Target is hoping to occupy one of the commercial spaces available at Lincoln Square.
Originally Bart Blatstein intended to have Target as an occupant in the commercial space at his project across the street, but with that development being stalled in court, Target has decided to jump ship to Lincoln Square.
The Lincoln Square location on the northwest corner of Broad Street and Washington Avenue would be Philadelphia’s fifth to use Target’s “flexible format” approach involving smaller, urban-oriented alternatives to the Minneapolis-based retailer’s big-box stores. Two of the smaller stores are currently operating in Center City, with an additional two under development in Fairmount and Upper Roxborough.
With a Broad and Washington store, Target apparently hopes to serve increasingly affluent nearby neighborhoods such as Graduate Hospital and Passyunk Square that are outside easy shopping range of South Philadelphia’s big-box retail districts near the Schuylkill and the Delaware River, said Jacob Cooper, a managing director with brokerage MSC Retail in Philadelphia.