Tuesday, September 23, 2014
Inquirer Daily News

Where's Walgreens?

Not (yet) at Broad and Chestnut in the old Border's

Where's Walgreens?

Outside the Center City Borders store Jan. 11, 2011. ( Tom Gralish / Staff Photographer ) EDITORS NOTE: BOOKS09dTG 120504 Fri 1/7/2011 Location: Borders, Center City, broad and chestnut Story: BOOKS09 / What a long way down for the once too-cool-for-school bookstore behemoth, Borders. They halted payments to publishers this week, that´s how badly they´re doing. When your business model goes south, if you don´t act fast and smart, this is how it goes. Reporter: Maria Panaritis
Outside the Center City Borders store Jan. 11, 2011. ( Tom Gralish / Staff Photographer ) EDITORS NOTE: BOOKS09dTG 120504 Fri 1/7/2011 Location: Borders, Center City, broad and chestnut Story: BOOKS09 / What a long way down for the once too-cool-for-school bookstore behemoth, Borders. They halted payments to publishers this week, that's how badly they're doing. When your business model goes south, if you don't act fast and smart, this is how it goes. Reporter: Maria Panaritis

Whatever happened to the sushi-serving high-end Walgreens chain drugstore that was supposed to take over the closed Border's on the northeast corner of Broad and Chestnut? 

The permits from last June and September are still pasted to the door -- but old bookshelves still crowd the floor, and work hasn't started, seven months after Walgreens confirmed they're in and secured key permits.

Built or not, "they start paying rent May 1," says Larry Steinberg of Fameco Realty, who swung the deal. "They move slowly."

Joseph N. DiStefano
About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
Business Videos:
Also on Philly.com:
Stay Connected