A new shopping center that will feature Bottom Dollar Food has broken ground in North Philadelphia.
The retail center, which is being developed by Soloff Realty & Development Inc., will also include Dollar General, as well as other retailers. It will open by spring of 2014.
The center, at North 9th Street and Girard Avenue, will be 41,886 square feet.
First Niagara Financial Group (NASDAQ: FNFG) provided $6.8 million in financing for 9th Street Marketplace LLC.
First Niagara was lender on two other Soloff developments anchored by Bottom Dollar Food: at Broad and Godfrey Avenue and 31st Street and Girard Avenue. Those sites as well as the recent 9th and Girard location qualify as Community Reinvestment Act projects.
Other funding for the 9th and Girard project was provided by HUD and the Philadelphia Industrial Development Corp.
Hospitality, Marketing, Retail
Source: Philadelphia Business Journal
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