PHILADELPHIA-The developers of the Chestnut Square project here in University City report that coZara, Shake Shack, Zavino and Joe Coffee have signed lease deals at the property.
“The addition of these acclaimed retail tenants to Drexel University and the surrounding communities will expand the rich and diverse culinary options available in the University City area,” states Drexel University President John A. Fry. “We are proud to have tenants of this quality and character on our campus and believe that we have created a unique retail destination for the city at large.”
Drexel University and American Campus Communities, Inc. are co-developing the Chestnut Square project, which is under construction. The development will include two eight-story buildings that front Chestnut Street. The building design will also include a 19-story residential tower at the corner of Chestnut and 32nd streets. In addition to the eateries, the two-story street-level space will include retail outlets, neighborhood restaurants, and a new corner entry into the Barnes and Noble.
The Chestnut Square coZara will be the second location for the Japanese eatery that is owned by Zama, a Rittenhouse Square sushi restaurant. New York City restaurateur, Danny Meyer will open Shake Shack, a chain of hamburger stand styled restaurants, in the late summer. Zavino is a local Philadelphia wine bar and eatery. Chestnut Square will be its second location. Joe Coffee, a Manhattan-based, family-owned specialty coffee shop, will open a 10th location in Chestnut Square in the late summer.
Retail brokerage and consulting firm Michael Salove Company (MSC) and American Campus are currently planning to add a dessert specialty shop and a variety of other services and retail at the complex.