January 09, 2015
Target is looking to build a smaller version of its stores in several locations around Center City and University City, according to NBC10.
This smaller urban store concept, known as TargetExpress, is around 20,000 square feet. Regular Target stores can range in size from 80,000 to more than 100,000 square feet, NBC10 reports.
According to the NBC10 story:
The popular discount department store is looking to build as many as four TargetExpress stores in areas of the city currently seeing a resurgence, Tom Londres, president and chief executive of the local real estate firm Metro Commercial, tells NBC10. His firm is helping Target find locations.
Target's website describes the TargetExpress store as a quick destination that serves up "a tightly edited assortment of merchandise, including fresh produce, grab-and-go food and snacks, pharmacy, home and seasonal items, electronics, beauty and more."
Philly.com reports that Target has announced five other Express stores for 2015 in the San Francisco Bay Area, San Diego and St. Paul, Minnesota.
According to the Philly.com story:
Talks fizzled at three large locations - the Gallery at Market East, the parcel at Eighth and Market Street that just lost a bid for a downtown casino license, and a block of property along the 1100 block of Market Street that, earlier this week, was announced as home to a new grocery chain, Mom's Organic Market.