A new Target location at 3701 Chestnut St. has been canceled by the retailer, even as construction on the space nears completion.
The new retail space at 3701 Chestnut St. under construction in August, which Target was meant to occupy, is now in search of a new tenant.A new Target store planned for 3701 Chestnut St., the building formerly known as the International House, is no longer slated to open.
. Their plans for the building, which dates to 1970, included three phases: first residential renovations, then the retail addition where Target planned to set up shop, then a third phase for life sciences or other commercial uses in the rear of the structure where the former Light Box Theater used to be.
The Mason has more than 400 renovated apartments, which have been leasing for almost two years now. The retail phase — which city records show cost $6.5 million — is nearly complete. Addimando said the next phase of the plan, focused on life sciences or other commercial uses, may be delayed by“There are development rights there for life sciences and or other types of commercial use,” said Addimando, who noted his firm isn’t working on that part of the project. “I don’t think it has to be life sciences. It can be a mixed-use space back there.”
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