The Giant Heirloom supermarket, known for its organic foods and local partnerships, has shut down its Market East location, marking a setback for the revitalization efforts in the area.
The boutique supermarket closed its doors permanently on Saturday.The Giant Heirloom supermarket in Market East closed its doors for good over the holidays, ending the grocer’s gamble on the rapidly developing The market, located at 801 Market St. on the ground floor of the former Strawbridge’s department store, shuttered on Saturday.
The 32,000-square-foot location was Philadelphia’s largest Giant Heirloom — the company’s spin-off brand offering organic foods, beer on-tap, and partnerships with local suppliers — when it opened in December 2021. Giant executives were hopeful that the city’s post-pandemic recovery and Center City’s growing residential population would buoy the Heirloom’s success. But while Giant has not offered any specifics as to why the store failed, president John Ruane said in December the store hadThe Giant Heirloom location was connected to the Fashion District, where a portion of the shopping mall is slated to become the site of the Philadelphia 76ers new arena after City CouncilMeanwhile, the city is aiming to revamp the bustling Market Street business corridor in anticipation of droves of new visitors for both the nation’s 250-year anniversary celebration and FIFARealty Income Trust, the San Diego-based commercial real estate company that purchased the bottom-floor retail space rented by Giant in 2022, did not return a request for comment, and it’s unclear whether the company has a new tenant lined up.“The news is undeniably disappointing for a corridor that has long struggled to stabilize and transform,” the group wrote in a November report of the Heirloom location’s closure, which was announced that month
CITY NEWS SUPERMARKET CLOSURES MARKET STREET PHILADELPHIA
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