DEVELOPMENT/REDEVELOPMENT

Development boom continues on Philadelphia’s North Broad Street corridor

BY Melonie Messina

Philadelphia — Metro Commercial Real Estate has been named the exclusive listing agent for 1300 Fairmount, located in Philadelphia, steps from the Fairmount Station of SEPTA’s Broad Street Line and bus system.

The mixed-use project by RAL Development Services, LLC and Amalgamated Bank’s Longview Ultra Fund, will consist of 486 apartments and structured parking above approximately 84,000 sq. ft. of retail space geared towards national and regional retailers.

“1300 Fairmount will revitalize a long-dormant site, stitching together several vibrant neighborhoods and bringing new retail to the area — including a critically needed supermarket,” said Robert A. Levine, CEO and president for RAL Development Services.

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FINANCE

Amazon.com targets fake reviewers in lawsuit

BY Gina Acosta

Amazon.com Inc. is suing more than 1,000 people for writing fake product reviews on its website. Defendants are misleading Amazon’s customers and tarnishing Amazon’s brand for their own profit and the profit of a handful of dishonest sellers and manufacturers,” according to a complaint filed Friday in a Seattle court. (USA Today)

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REAL ESTATE

Rite Aid celebrates re-opening of Baltimore location

BY Michael Johnsen

Rite Aid on Tuesday celebrates the grand re-opening of its store at 300 Martin Luther King Jr. Boulevard in Baltimore Tuesday. The store has been operating out of a temporary trailer after sustaining significant damage during the protests that rocked the city last spring.

Joining Rite Aid executive VP Bryan Everett at the ribbon-cutting ceremony will be U.S. Rep. Elijah Cummings and Baltimore Mayor Stephanie Rawlings-Blake.

“Rite Aid is proud of its longstanding commitment to the Baltimore community, having had a presence in the city for nearly 40 years,” Everett said. “Re-opening and re-building at 300 Martin Luther King Jr. Boulevard was a priority for our company, as we know local community residents depend on Rite Aid for both their health and everyday needs. Thanks to the efforts of our many associates, our builders and city, state and federal officials over the past five months, we are here today. We look forward to welcoming back our customers and delivering on our mission of improving the health and wellness of Baltimore.”

The re-built store features the company’s highly popular Genuine Wellbeing store format. Upon entering the store, there is a direct wooden path leading to the pharmacy department. Wellness Stores have pharmacists with special training in diabetes care, medication management and the ability to immunize against about a dozen diseases. The store features a private pharmacist consultation room adjacent to the pharmacy where Rite Aid pharmacists can have conversations with patients, administer immunizations and offer other clinical pharmacy services.

Also available to customers as a resource, a Wellness Ambassador, which serves as a bridge between the front end of the store and the pharmacy. Wellness Ambassadors work closely with Rite Aid pharmacists to provide customers with access to information on over-the-counter medications, vitamins and supplements and Rite Aid programs and services.

Other key design features include overhead departmental rings designating each section of the store such as beauty, food, home care and seasonal; a relaxing, warm color palette with soothing wood tones and softer lighting; a reconfigured check-out area; multiple drive-thru pharmacy lanes; hundreds of new health and wellness products including organic and gluten-free foods; expanded vitamin selection; a free-standing nail bar as part of the expanded cosmetics and beauty section; and an expanded food department including the addition of food and beverage coolers.

In honor of the grand re-opening, The Rite Aid Foundation will present a $10,000 donation to Bettye Adams, principal of The Historic Samuel Coleridge-Taylor Elementary School. The school, which is located less than a half mile from the Rite Aid at 300 Martin Luther King Jr. Boulevard, serves nearly 500 students and will use the donation to help fund athletic equipment for physical education classes in support of furthering the physical fitness and wellbeing of the students.

Also joining the ceremony will be Cabinet Secretary and assistant to President Obama Broderick Johnson, Maryland Sen. Catherine Pugh, Baltimore City Council president Jack Young, Baltimore City councilman Eric Costello, Baltimore City councilman Nick Mosby and University of Maryland School of Pharmacy dean Natalie Eddington.

Rite Aid currently operates 30 stores in the city of Baltimore and an additional 70 locations in the surrounding area.

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