Tag: Center City

  • My opioid addiction-related weight loss drew praise. Regaining during recovery? Not so much.

    My opioid addiction-related weight loss drew praise. Regaining during recovery? Not so much.

    A normal, healthy weight for me was 120 pounds. In the late 1990s, before addiction reshaped the course of my life, I was a model — someone whose world revolved around silhouettes, styling, and self-expression through fashion.

    My metabolism kept me effortlessly consistent in size, my confidence steady, my presence bold. In Philadelphia, style carried currency, and I spent mine generously. I was known — and crowned — as the “Queen of Fashion,” a title that suggested a life stitched together with glamour, ease, and admiration.

    I hired two of my very own fashion designers, and they made leather tops and pants specifically for me. I shopped at the most exquisite stores on South Street for shoes, clothes, and designer sunglasses. I kept my hair done and went to a nail salon in Center City on a regular basis — all part of the architecture of how I showed up.

    Chekesha Lakenya Ellis was a 29-year-old model in 2000, the year her addiction to opioids began.

    I looked healthy, controlled, and admired, even as addiction was quietly taking hold. I looked like someone who had mastered the runway. No one knew that soon I would be fighting a battle that fashion couldn’t tailor, metabolism couldn’t manage, and praise couldn’t heal.

    No one knew the story would shift from being known for how well I wore clothes to how bravely I rebuilt the body inside them.

    By 2001, that admiration extended beyond aesthetics. I worked as therapeutic support staff — a job that demanded attentiveness, emotional intelligence, and care. I delivered it well. My clients felt seen. My coworkers felt supported. Respect followed me into rooms before I even sat down.

    On the surface, my life looked like momentum — until prescription opioids quietly stepped in and dismantled the foundation beneath it.

    I became what many called “functional” — a person whose addiction was masked by productivity, routine, and public reliability. But functionality is not the absence of illness. It is often the art of hiding it. And I practiced that art for nearly a decade.

    Chekesha Lakenya Ellis during the self-described “party era” at the beginning of her opioid addiction in 2001, after a dramatic weight loss when she went from a size 5/6 to a 1/2 very quickly. The weight disappeared, she said, and the applause appeared.

    I went from a size 5/6 to a 1/2 very quickly — a dramatic drop that unfolded faster than most narratives could keep up. The weight disappeared. The applause appeared. The concern stayed absent. People praised the result without recognizing the cause.

    Compliments met me at the door before questions ever did: You look amazing. You’re so small now. What are you doing?

    Chekesha Lakenya Ellis in 2008 in active addiction at a party. “I was very frail,” she remembered.

    But I wasn’t doing anything admirable. I was enduring something dangerous. The shrinking they celebrated was not transformation. It was toxicity — a body under neurological attack, nutritional depletion, depression, and a decade-long prescription opioid addiction that pulled more from me than pounds. It eventually cost me my hearing.

    As my body grew smaller, the praise grew louder. At the same time, as I declined medically, physically, mentally, and emotionally, the world grew quieter about the part that mattered. They applauded the appearance of wellness while I was privately collapsing.

    Skinny equaled praise to them.

    To me, it was evidence that I was fading.

    In 2010, recovery finally became my rescue. It demanded rebuilding, not shrinking — a process slower, quieter, and far less visible than what the world celebrates.

    Chekesha Lakenya Ellis in 2010, her first year in recovery. Weight gain can mean restoration, healing, and survival, Ellis says. It deserves compassion and applause, but is rarely celebrated the way weight loss is.

    As my brain healed from the damage of long-term opioid use, my body began reclaiming the signals addiction had silenced: appetite, rest, regulation, safety, nourishment. The pounds I regained were not a reversal of progress. They were proof of it.

    There was no applause for that rebuilding. No celebration for the return of sleep, nourishment, or neurological stabilization. The world didn’t honor restoration because restoration didn’t look like reduction. It looked like progress that challenged how we measure wellness.

    At times, rebuilding invited commentary that echoed the same shallow math that once praised me: You used to be so small. Are you OK? The irony was painful. The same shrinking that was celebrated when it was harming me was questioned when it was saving me.

    Today, the cultural conversation around weight has grown louder, faster, more pharmaceutical, and more celebrated. Medications that promise shrinking have become shorthand for “wellness” in the public imagination.

    But in recovery communities — including those quietly healing in our own region — weight gain often signals restoration. It signals life returning to a body that nearly didn’t survive the war addiction waged on it.

    Bodies in crisis don’t need applause for shrinking. They need care for surviving. And bodies in recovery don’t need shame for rebuilding. They deserve compassion.

    Recovery doesn’t always show up as loss. Sometimes it shows up as strength. Sometimes it shows up as nourishment. Sometimes it shows up as life returning to places addiction tried to erase.

    Chekesha Lakenya Ellis in 2024. As she recovered from addiction and regained weight, she says people would say: You used to be so small. Are you OK? The irony was painful. The same shrinking that was celebrated when it was harming me was questioned when it was saving me.

    If you or someone in your life is walking the path of recovery, understand this: Healing does not always match what society rewards. Progress may look unfamiliar or misunderstood. A body that is stabilizing is not disappearing — it is reclaiming itself.

    Culture may applaud reduction. Recovery teaches something different: renewal, resilience, and the quiet work of staying alive.

    That work matters. And it deserves dignity and recognition.

    Chekesha Lakenya Ellis is a certified peer recovery specialist. The Burlington County resident uses Facebook to raise awareness about addiction and recovery.

  • Closed Iron Hill Brewery in Newtown is officially becoming a P.J. Whelihan’s franchise

    Closed Iron Hill Brewery in Newtown is officially becoming a P.J. Whelihan’s franchise

    The company behind P.J. Whelihan’s is officially moving into a shuttered Iron Hill Brewery.

    The Haddon Township-based PJW Restaurant Group has signed a lease for Iron Hill’s former location at the Village at Newtown, according to Brian Finnegan, the CEO of Brixmor Property Group, which owns the Bucks County shopping center.

    PJW marketing director Kristen Foord confirmed the lease signing, saying in an email that the company was “not in a position to share additional specifics” at this time.

    The move was approved by a federal judge last month as part of Iron Hill’s bankruptcy proceedings.

    Like more than a dozen other former Iron Hills throughout the region, the nearly 8,000-square-foot space in Newtown has sat empty since the Exton-based brewpub chain closed all locations and filed for liquidation bankruptcy last fall.

    Iron Hill opened in the affluent suburb in 2020. The restaurant moved in after Brixmor refurbished the more than 200,000-square-foot complex on South Eagle Road.

    As part of the revamp, the developer added new buildings, allowing it to bring in shops and restaurants like Iron Hill, Harvest Seasonal Grill, and Turning Point. The 30-acre complex is anchored by the high-end grocer McCaffrey’s Food Markets.

    In Newtown, “we’ve got Free People and Lululemon and Ulta that we added to the shopping center,” Finnegan said Wednesday in an interview. “We’ve got a lot of strong service tenants. We also have Capital Grill and Harvest, so some great food and beverage options.”

    And soon, he said, that list will also include P.J. Whelihan’s.

    PJW’s most well-known restaurant is P.J. Whelihan’s, which started in the Poconos in 1983 and has expanded to include 25 P.J. locations, the majority of which are in the Philly region.

    PJW also owns the Pour House in Exton, North Wales, and Westmont, Haddon Township; the ChopHouse in Gibbsboro; the ChopHouse Grille in Exton; Central Taco & Tequila in Westmont; and Treno, also in Westmont.

    While the Newtown restaurant will get new life soon, many other former Iron Hills still sit vacant.

    Some landlords are actively looking for tenants, with West Chester’s John Barry saying he hopes to have a lease signed by the end of this month.

    “We have a number of groups interested in the space and a few [letters of intent] have been submitted,” Barry said in an email last month.

    In other places, such as Voorhees, township officials and community members remain in the dark about whether another tenant will move in soon, and landlords can’t be reached.

    A few of the closed breweries may be revived under new owners, though details are slim.

    A federal judge last month approved the acquisition of Iron Hill’s trademark and intellectual property in conjunction with the transfer of restaurant leases in Center City, Huntingdon Valley, Hershey, Lancaster, and Wilmington.

    Representatives of the potential new owner, Rightlane LLC, have been unable to be reached. Contacted through the owner of Iron Hill’s building in Center City, Rightlane declined to comment to the Philadelphia Business Journal earlier this month.

  • You can be Cooper DeJean’s neighbor for $13,000 a month

    You can be Cooper DeJean’s neighbor for $13,000 a month

    For about $13,000 a month, you can rent a three-bedroom Center City penthouse in the same building as Eagles star defensive back Cooper DeJean.

    The high-end, 31-story apartment tower at 210 S. 12th St. has nine penthouses on the top two floors. They have a variety of layouts, including three-bedroom, three-bathroom apartments that range from roughly 1,650 to 1,835 square feet and cost from $12,600 per month to $13,250 per month.

    Penthouses for rent have at least one balcony and floor-to-ceiling windows that offer lots of natural light and panoramic views.

    “You are literally looking at the Philadelphia skyline from the best view possible,” said listing agent Justyna Goldman with SERHANT.

    Tenants can see the City Hall tower from this penthouse at the Center City apartment building.

    The Philadelphia metropolitan area has had a growing number of very wealthy renters in recent years. For people who like the renting lifestyle or “if someone wants to live their best life but is only staying for a short time” in Philadelphia, the penthouses at 210 S. 12th could be for them, Goldman said.

    “We offer an incredible space and incredible square footage for the price,” she said. “We are looking to make someone a very happy renter.”

    Goldman said the building could be attractive to athletes, entrepreneurs, and people working in the medical field, since hospitals are nearby. The building’s Center City location means “you’re surrounded by everything you could possibly need,” she said.

    The nine penthouses at 210 S. 12th are on the 30th and 31st floors and all have at least one balcony.

    The penthouses include walk-in closets and spacious living areas and kitchens.

    Parking spaces are available in an automated underground parking garage with electric vehicle chargers.

    The 376-unit apartment building began leasing in the summer of 2024 and is at the former site of the 12th Street Gym, which was a landmark in the Gayborhood.

    The building’s exterior was designed by the architecture firm RSHP for New York-based developer Midwood Investment & Development.

    An amenity lounge on the 30th floor of 210 South 12th includes a fireplace and floor-to-ceiling windows with Philadelphia skyline views.

    Tenants have access to amenities such as an outdoor pool, a fitness center, yoga and wellness studios, a game room, lounges and co-working spaces, outdoor terraces, a pet spa, and a dog park.

    The tower includes studios and one- and two-bedroom apartments. Studios start at $1,968, one-bedroom dens start at $2,300, one-bedroom units start at $2,411, and two-bedroom units start at $3,809.

    The building’s website is currently advertising rent deals. The property is offering 2½ to 3 months free for leases longer than a year.

    Salon Republic, which offers salon suites for rent, is operating in one of the tower’s retail spaces and more retailers are expected to be announced soon.

    The views make the penthouses at 210 S. 12th special, said listing agent Justyna Goldman with SERHANT.
  • Eddie Bauer operator files for bankruptcy and is liquidating stores

    Eddie Bauer operator files for bankruptcy and is liquidating stores

    Over 60 years ago, the first American to climb Mount Everest sported an Eddie Bauer coat. Now the company behind the outdoor apparel finds itself conducting liquidation sales.

    The operator of Eddie Bauer filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of New Jersey on Monday and is winding down stores as it seeks a buyer.

    Eddie Bauer is laying off some 58 employees in New Jersey at locations in Burlington, Gloucester, Middlesex, and Monmouth Counties, according to a layoff notice filed with the state.

    “In an effort to rightsize the company’s store footprint and close underperforming stores, the company will be closing a number of retail locations in N.J.,” reads the notice.

    In Pennsylvania, a spokesperson for the state’s Department of Labor and Industry said they had not received a layoff notice for Eddie Bauer stores as of Tuesday morning.

    Before filing for bankruptcy, the company chose not to renew leases for 49 stores that had leases ending Jan. 31. Those locations have since closed, bankruptcy documents indicate.

    The company is liquidating the remaining 175 stores as it seeks out a buyer.

    In the Philadelphia area, Eddie Bauer stores are located at the Gloucester Premium Outlets in Camden County, at the Philadelphia Premium Outlets in Montgomery County, as well as in Concordville in Delaware County.

    As of Tuesday, the Fashion District location in Center City appeared to be closed, according to the Eddie Bauer website.

    What led to the bankruptcy?

    Eddie Bauer stores have been operated by Catalyst Brands, which was formed in January 2025 in a merger that brought together brands including Aéropostale, Brooks Brothers, and JCPenney.

    The CEO of Catalyst Brands, Marc Rosen, said in a news release Monday that the Eddie Bauer operator had been in a “challenged situation,” even before the new parent company was formed last year. The company was dealing with declining sales and supply chain challenges amid other issues, he said.

    “Over the past year, these challenges have been exacerbated by various headwinds, including increased costs of doing business due to inflation, ongoing tariff uncertainty, and other factors,” Rosen said. “While the leadership team at Catalyst was able to make significant strides in the brand, including rapid improvements in product development and marketing, those changes could not be implemented fast enough to fully address the challenges created over several years.”

    Other retailers have also faced headwinds recently. The parent company of Saks Fifth Avenue and Neiman Marcus filed for bankruptcy in January, and shopping mall mainstay Claire’s, did so in August.

    Eddie Bauer stores in the Philadelphia area

    Pennsylvania:

    • Fashion District, 901 Market St., Philadelphia
    • Shoppes at Brinton Lake, 961 Baltimore Pike, Glen Mills
    • Montgomery Mall, 290 Montgomery Mall, North Wales
    • Philadelphia Premium Outlets, 18 Lightcap Rd., Pottstown
    • Tanger Outlets Lancaster, 1140 Stanley K Tanger Blvd., Lancaster

    New Jersey

    • Gloucester Premium Outlets, 100 Premium Outlets Drive, Blackwood
    • Jersey Shore Premium Outlets, 1 Premium Outlets Blvd., Tinton Falls
  • Forget the apps and algorithms. To find love, maybe just go to a 166-year-old bar.

    Forget the apps and algorithms. To find love, maybe just go to a 166-year-old bar.

    McGillin’s Olde Ale House, the 166-year-old pub in Center City long owned by the same family, has determined that being a matchmaker is a strategic advantage in a crowded industry.

    Of course they serve draft beer, Philly cheesesteaks, and wings — but the bar has leaned especially hard into being, in its own description, the place where more couples have met than anywhere else in Philadelphia.

    At McGillin’s first reunion for such couples this month, attendees seemed less like regulars at a bar and more like alumni of the same beloved college club, touched by those who came before and rooting for those to follow.

    Everyone wore red-and-white name tags with the year their significant McGillin’s romantic event had taken place. The upstairs bar, where couples sat under tinsel hearts and drank from frosted glasses, was warm and close. There was merch; the crowd clapped especially hard for long marriages.

    Merch on display at McGillin’s, including a snow globe that says “where it all began.”

    It was also a media event: four TV news stations, as well as the Philadelphia Citizen and The Philadelphia Inquirer, came to capture the famous McGillin’s couples. Irene Levy Baker, the bar’s longtime publicist and author of the new book Cheers to McGillin’s, Philly’s Oldest Barwhich has its own chapter devoted to “mating magic,” is clearly good at her job.

    She is in touch with more than 200 couples who found love at the bar, and McGillin’s has so far filled up four guestbooks of signatures and anecdotes: Met New Year’s Day 2002. Engaged 9/22/12. Met here in 1996 when I was waitressing. Still together in 2024!

    “We actually met for the first time one bar stool over. I was eating a grilled cheese sandwich,” said Emily Dowling, 28, sitting beside her husband, Giacomo Trevisan, after a keynote presentation of McGillin’s love stories. Dowling and Trevisan’s name tags were marked 2022.

    On the fateful night that year, Dowling was out with a friend and Trevisan was visiting for the first time, having just arrived in the United States on an extended work trip from Italy. Hearing him speaking Italian, Dowling asked what had brought him to town.

    “I was impressed that a girl would just start talking to me. In Italy, it doesn’t work like that,” Trevisan, 32, said.

    The two got married less than a year later. They closed out the night of their wedding with a drink at McGillin’s.

    Irene Levy Baker, McGillin’s longtime publicist, and Chris Mullins Jr., co-owner of the bar, led a toast to couples who met there.

    In a world of loneliness and dating app dread, in which people pay matchmakers and make PowerPoint presentations and even take out billboards looking for love, there is a certain nostalgia to the idea that a bar, with salvaged oak tables and framed liquor licenses dating back to 1871, is the best place to find it. At some point, the legend probably becomes self-fulfilling.

    During an interview, Baker googled “where do couples meet in Philadelphia,” and the AI summary dutifully reported that “couples in Philly meet in classic old spots like McGillin’s Olde Ale House.”

    Diane and John Davison, for example, met in 1969: He was a regular, she was a first timer. The downstairs bar was smoky and packed. Patrons passed glasses of beer hand-to-hand above the crowd because no one could reach the bar.

    “I remember the first time I saw her face,” John said. “Nice smile.”

    “I remember the night,” Diane, 79, said. “John and I don’t exactly agree on some of the details.”

    The two have been married for over 50 years, and the bar is an intimate part of their story. John’s brother, who has since passed away, also met his wife at McGillin’s. Just before Christmas, John celebrated his 80th birthday there, and the other diners sang to him.

    At right, Diane and John Davison, who met at McGillin’s in 1969.

    Both Baker and Christopher Mullins Jr., who co-owns the bar with his parents, have theories about why McGillin’s is a magnet for connection: it’s unpretentious, it’s approachable. The tables are close. The beer obviously helps.

    At night it can get packed, but the atmosphere during the day is cozy; a fire crackles in the downstairs grate and patrons order soup for lunch.

    “We don’t want to be old-fashioned and forgotten, but we want it to be the same kind of feel that people experienced 50 years ago,” Mullins said.

    Kaitlynn and Amanda Capoferri laugh while telling their love story at the bar where they met.

    Of course, there are some differences. Kaitlynn Capoferri, 32, mentioned wanting to get wings and beers at McGillin’s — on her Tinder profile. So Amanda Capoferri, 32, asked her on a date to the bar in 2017.

    When Amanda proposed at the bar three years later, “All I could get out of my mouth after stumbling to pull the ring out of my pocket was, ‘I know how much you love McGillin’s, and I can only hope that you love me as much.’” (They’ve been married for four years).

    It’s all part of the lore, carefully curated and growing by the day.

    “There is one guy who sometimes comments on the Facebook page and he’ll say, ‘I met my wife there and we’re divorced now,’” Baker said. She wasn’t deterred. “I’m like, ‘Well, I’m glad you found love here once. Be sure to come back.’”

  • Democratic ward leaders endorse Sharif Street for Congress, solidifying him as Philly’s establishment favorite

    Democratic ward leaders endorse Sharif Street for Congress, solidifying him as Philly’s establishment favorite

    Philadelphia’s Democratic Party has endorsed State Sen. Sharif Street for the city’s open congressional seat.

    The endorsement Monday came as no surprise, given Street’s insider connections. He previously chaired the Pennsylvania Democratic Party and is close to party leaders in the city. And Bob Brady, who chairs the Democratic City Committee, said last fall that he expected his fellow ward leaders to vote to endorse Street.

    But it nonetheless strengthens Street’s status as the favorite in the race among the local Democratic establishment. Street, the son of former Mayor John F. Street, was endorsed by the politically powerful unions in the Philadelphia Building & Construction Trades Council last year.

    “I am deeply honored to have received the overwhelming support of the grassroots leaders who power our party,” Street, who represents a North Philadelphia district in the state Senate, said in a statement. “This endorsement is more than just a vote of confidence — it is a demonstration that we are building a broad-based coalition.”

    Street is one of about a dozen Democrats vying to succeed retiring U.S. Rep. Dwight Evans in Pennsylvania’s 3rd Congressional District. Other contenders include State Reps. Morgan Cephas and Chris Rabb and physicians Ala Stanford and Dave Oxman.

    Street has also emerged as the front-runner in the financial race. Recently disclosed campaign reports showed he raised $348,000 from donors in the last quarter of 2025, the largest haul among the candidates.

    The 3rd Congressional District is, by some measures, the most heavily Democratic district in the U.S. House, and includes West and Northwest Philadelphia and parts of Center City, Southwest, South, and North Philadelphia.

    The winner of the Democratic primary in May is all but guaranteed victory in November. Democrats hold a 7-to-1 voter registration edge over Republicans in Philadelphia.

    Map of Pennsylvania’s Third Congressional District.

    Earning the party nod may help Street stand out in a crowded field and will bolster his ground game for campaigning, activating the party’s hundreds of committeepeople to get out the vote for him.

    But it doesn’t guarantee victory. Insurgent candidates have defied the party’s dominance several times in recent city elections, and the district includes several progressive pockets that could open the door for a candidate who can coalesce the left against Street.

    The endorsement followed a vote by the Democratic ward leaders in the district. A candidate must receive at least 50% of the vote to win the party endorsement.

    If no candidate reaches that mark, each ward prints its own sample ballots with its preferred candidates, which often happens in open contests like this year’s primary.

    The party’s endorsement of Street means all ward leaders are now encouraged to include him in the literature distributed to voters before and on election day. Some wards, however, choose to print their own slates anyway.

    The party did not immediately disclose the final vote tally at the endorsement meeting.

    Northwest Philadelphia’s 50th Ward, which is led by Mayor Cherelle L. Parker, has not yet made an endorsement in the race, said Aren Platt, executive director of the mayor’s campaign, People for Parker.

    Top candidates in the race, including Street, were scheduled to face off at a candidates forum hosted by the Center City Residents Association on Monday night.

  • Philly native Mike Petrakis built PowerPay, a fintech company for people who think banks are too slow

    Philly native Mike Petrakis built PowerPay, a fintech company for people who think banks are too slow

    The Philadelphia region, once a banking center, is still home to financial innovators. One of the growing digital lenders based nearby is seven-year-old PowerPay, whose 225 staff members build a software platform to finance home improvement loans, personal loans for hearing aids and other medical needs, and a growing list of services, from its new offices just off U.S. 202 near King of Prussia.

    PowerPay revenues more than doubled to $200 million last year, as the company processed $6 billion in loan applications.

    The company raised its local profile last winter when it cosponsored the Christmas light show at the former Wanamakers in Center City. That got its name out to more prospective employees and borrowers.

    Founder Mike Petrakis, a native of Northeast Philadelphia and Archbishop Ryan High School graduate, played varsity soccer at Drexel University and briefly went pro in England. He settled in Doylestown and a sales career, which led him to start PowerPay in 2017. Early backers included hoteliers Jay Shah and Eustace Mita.

    He agreed to talk to The Inquirer about his company’s growth and prospects. Questions and answers edited for clarity and brevity.

    What’s the difference between your company and a bank?

    A lot of people think banks are inconvenient. Their loan docs are thirty-some pages. With fintechs, someone applies in seconds, and in milliseconds you can get an offer back.

    We collect thousands of data points — email transmissions, phone checks, geotagging, information in databases that is available. Social media, not so much. We make sure we can recognize the device from which they are putting in the application. We put all this into our models.

    We are onboarding more artificial intelligence. We take a driver’s license and check — does the signature match the customer on the platform? is that image theirs? It is done in an instant.

    Lending has become an automated business. Why do you still do so much business by phone?

    You get a loan with us, you are going to be connected to us for the next 15 years, and we need to be connected to each other. We are deploying digital routing that moves them from an initial inquiry to a specialized team member without the traditional “on hold.” And we have engineers on premise and around the world.

    The goal is to work so hard to get the consumer that we can keep them in perpetuity.

    PowerPay has its headquarters just off U.S. 202 near King of Prussia.
    Since you’re not a bank, how do you fund these loans?

    Credit unions financed our loans early on. Now we have KeyBanc and Capital One and other major lenders.

    We aren’t a bank, so we don’t have the same oversight, and we can move faster. But we work with banks, so our processes are built to be fully compatible with bank regulations. We process half a billion dollars’ worth of loans a month, which is larger than most banks.

    What do you do any better than a bank?

    We just built a new product, PowerPay 360. You pay interest only for 12 months, then interest and principal for 14 years. Leaves a little extra cash in their pocket for a year. We set that up in 30 days.

    Banks are so conservative; for them to build that, with their large, core technology systems, it would take them years to get it into the market. Apple tried to get in the consumer financial business and left within two years.

    We are adding credit card and mortgage products, and healthcare loans, too. We just opened a relationship with U.S. Bank to grow that relationship to half a billion dollars.

    Credit cards have moved from plastic into a whole digital landscape for the consumer. We are making it so [in late 2026] you can tap your smartphone or mobile device at Home Depot and not just buy supplies but also hire your installer or service provider, and get an installment loan to pay for the whole project.

    What else are you preparing to sell?

    We now have an insurance business. We sell credit-default insurance for the benefit of our financial sponsors. Our underwriter is domiciled in the Cayman Islands under their financial regulations. We aggregate the risk into asset-backed securities [and sell loans in risk-based pieces to get higher returns]. We sell those to investors, and the insurance comes off.

    We’re going to grow insurance. Involuntary unemployment, disability, credit, life. We would domicile that in the U.S. We are talking to large insurance carriers we could front for and share the risk.

    How did you get into this business?

    In 2017, I was a national contractor, [helping buyers finance] home generators for Generac, Cummins, Kohler, Briggs & Stratton. You pay $99 a month for 10 years, and we’d get them a loan with Synchrony or GreenSky [two online-lending pioneers].

    Generac came to me and said, how can we make these loans, too? I said start a national call center. It took me six months to find a software platform and a credit union to finance us.

    At first we were just a couple of people, sitting in the Whole Foods beer garden in Plymouth Meeting. We’d have breakfast, then set up our laptops that we bought at Best Buy, initiating loans and writing the code on third-party platforms. Then we grew out of Whole Foods, and we got our first office at the Life Time fitness club in Ardmore.

    We took over an auto-loan platform and converted it to make home-equity loans. We were ready to really build it up, and then Generac backed out.

    So we said, what else can we finance with this? We approached the big home improvement companies, Renewal by Andersen window installations, and others.

    What was it like, launching into the pandemic?

    The home improvement companies were sitting on millions in applications they couldn’t get funded. We underwrote those loans and got them funded, at first, by credit unions.

    We onboarded 100,000 users overnight, and we nearly blew up the software platform we were using. So we built our own, and now we own all our intellectual property.

    We went at first to many credit unions, and they shared participation with other credit unions, but then they would get scared and pull out. We still weren’t big enough for Goldman or JPMorgan. Even the second-tier banks would only lend part of the money. Finally, we found one credit union, Chartway [based in Virginia], they kept the doors open.

    In 2023, we were ready to sell loans in our first securitization. We kept servicing rights. That legitimized us in the eyes of the bankers. Capital One agreed to help us with the securitization.

    There were 50 lawyers involved! We only did a $118 million deal. But we have done much larger ones since, and now I can get it done with a lawyer on each side in a couple of days. We underwrite the loans, we insure them, and then we sell them, de-risking.

    It becomes a cost-of-funds game — the lower the cost, the less onerous the rates we can offer consumers.

    We can drive billions more through this platform.

  • It only took one day to buy their West Philly dream home | How I Bought This House

    It only took one day to buy their West Philly dream home | How I Bought This House

    The buyers: Malcolm Critcher, 32, creative director; Rhiannon Critcher, 32, communications analyst

    The house: A 1,590-square-foot rowhouse in West Philly with three bedrooms and two bathrooms, built in 1925.

    The price: listed for $425,000; purchased for $410,000

    The agent: Benjamin Camp, Elfant Wissahickon

    Rhiannon and Malcolm Critcher bought their West Philly home after a very short search. They saw only two other homes.

    The ask: After a few years in Tucson, Ariz., Malcolm and Rhiannon Critcher knew they wanted to return to the East Coast. They tested a few cities first. Washington felt “a little too nerdy,” Malcolm Critcher said. New York swung too far in the other direction: “a little too main character.” Philadelphia felt just right. “It was a Goldilocks situation,” Critcher said. “We both came here and instantly fell in love.”

    They moved in 2023 and rented in Center City for a year to get their bearings and explore neighborhoods. They fell in love with South and West Philly, but the latter’s parks and tree-lined streets ultimately won them over. They wanted to start a family soon, and West Philly‘s “green, verdant life,” Critcher said, “just felt like a really cool place to be a kid.”

    Their must-have list was short but specific: a kitchen meant for hosting, an open-concept floor plan, and a basement big enough for Critcher, who is 6-foot-4, to stand in.

    The search: One morning in November 2024, after getting breakfast in West Philly, they decided to walk to nearby open houses. They saw three houses. The third was a recently renovated semi-detached twin with light pouring in from multiple sides.

    One of three bedrooms in Malcolm and Rhiannon Critcher’s home.

    They both wanted to buy it right away, but worried they were being impulsive, so they decided to test the walk to the train. The couple doesn’t have a car and relies heavily on public transportation. It took less than five minutes. On the ride home, they realized they weren’t interested in delaying for the sake of process. “If you find the perfect thing early on, it’s still the perfect thing,” Critcher said.

    Having previously bought and sold three houses, Critcher had the confidence to move quickly. “I know what I’m looking for and what I want,” he said. They called their agent and made an offer that afternoon.

    The appeal: The layout was the first draw. The open first floor flowed naturally from the living room to the kitchen, making it feel larger than its footprint. Then there was the renovation. Unlike the gray-floored, hastily flipped houses they had seen elsewhere, this one felt considered, as if the sellers had remodeled it for themselves, not for resale. They liked the finishes, the flow, and little design choices like the kitchen backsplash. “My wife walked into the kitchen and was just like, ‘Wow, this is my favorite kitchen I’ve ever been in,’” Critcher said.

    The couple wanted a kitchen that would be great for hosting.

    For him, the basement stole the show. It was finished, spacious, and didn’t require him to duck.

    The deal: The house was listed at $425,000 — the very top of the couple’s budget. It had been on the market for just one day when they saw it. They decided to offer $25,000 below the asking price, but they promised to take it as-is, as long as the inspection didn’t reveal anything concerning. The sellers agreed to the terms but requested $410,000, which the couple agreed to.

    Light pours in from multiple sides of the Cratchers’ semi-detached twin.

    The inspection came back spotless. The appliances had all been replaced in 2018. The sewer line had recently been redone. There were no structural issues. “Literally the most perfect housing inspection possible,” Critcher said.

    The money: All told, Critcher and his wife brought a little over $100,000 to closing. Most came from the sale of their previous home in Tucson. They bought that house in early 2020 for $179,000 and sold it in 2024 for $300,000. The proceeds went straight into a high-yield savings account and remained untouched until the couple was ready to buy again.

    The couple’s dog, Pablo, likes to hang out in the second bedroom.

    The down payment on their new house came in just under 20% — about $82,000 — and closing costs were $26,000.

    For Critcher, the exact breakdown mattered less than the total. He approached the purchase with a fixed pot of money and trusted their lender and agent to structure the details responsibly.

    The couple loved the open floor plan on the first floor.

    The move: The couple closed in mid-December 2024 while they were out of town. A notary in Arizona helped them file the necessary paperwork. The move itself happened in mid-January. Compared to moving across the country a year earlier, moving from Center City to West Philly wasn’t too bad. They hired movers to load a U-Haul from their sixth-floor apartment, then unloaded it themselves at the new house. Packing took about a week. The move took two days. Unpacking stretched on for a month.

    Any reservations? Critcher wouldn’t recommend their approach to first-time homebuyers. “It was very impulsive,” he said. “But we both just fell deeply in love with it.”

    Life after close: They’ve kept things simple since moving in. They haven’t undertaken any major renovations or upgrades. “We’re just kind of floating,” Critcher said.

    Did you recently buy a home? We want to hear about it. Email acovington@inquirer.com.

  • City Council seeks to stop demolitions as anti-blight measure

    City Council seeks to stop demolitions as anti-blight measure

    Late last year, some members of Philadelphia City Council began pursuing legislation to further regulate demolition.

    Philadelphia has many thousands of vacant properties, and historically, some local politicians have sought to encourage razing such structures to prevent fire risks or eliminate drug havens.

    But in the last couple of decades, as real estate development heated up in many neighborhoods, concerns emerged that potentially historic older buildings were being destroyed to make the vacant land more valuable.

    “We know that when these properties are demolished in certain communities, that typically is a sign of gentrification,” Councilmember Jeffery Young, who represents much of North Philadelphia, said at a Tuesday hearing.

    “When you demolish that property and you build up, you’re trying to make more money than the property was originally stated as a shell,” said Young, whose district also includes parts of Center City.

    Young introduced a bill last year that would ban demolition permits from being issued in his district unless a property owner had secured building permits for a new project.

    He said he saw the legislation as a means to encourage property owners to repair existing buildings and to ensure that vacant lots would not scar his district.

    “When you rehab a property, the price is typically lower than a brand-new house, and so we’re trying to keep homes affordable,” Young said, “and prevent blight from our communities.”

    Young’s bill would not apply to buildings deemed imminently dangerous by the Philadelphia Department of Licenses and Inspections.

    Last year Councilmember Jamie Gauthier passed a law containing a similar provision, but for a more tightly proscribed area that covered properties held by large higher education institutions in University City.

    The Building Industry Association (BIA) presented a litany of concerns about Young’s bill at Tuesday’s Rules Committee hearing.

    The BIA feared the legislation would delay projects, as many developers demolish structures while they are waiting for their building permits. The additional months in limbo would increase insurance, security, and financing costs, the group argued.

    The bill could also encourage bad actors to engage in dangerous behavior, the BIA said.

    “To qualify for an exception based on structural danger, certain property owners may be compelled to intentionally incur code violation or enforcement action to demonstrate instability,” said Kenn Penn, a local developer, who spoke on the BIA’s behalf. It “incentivizes the very condition that the city seeks to avoid.”

    Penn also warned about the danger of preserving long-vacant properties.

    “The bill would prevent demolition of vacant and unsecured structures that are highly susceptible to unlawful occupation,” Penn said. “Philadelphia has already experienced multiple fires this winter, many historically linked to squatters and abandoned buildings.”

    Penn asked Young to limit the legislation to properties that do not have a vacant property license.

    But the bill passed from the committee with only technical amendments.

    “I understand the impacts this will have on the development community,” Young said. “But what I think this bill does is ensures that property owners maintain their properties in a prudent manner.”

  • A Main Line town leads the charge of new Philly-area restaurants for February

    A Main Line town leads the charge of new Philly-area restaurants for February

    February’s crop of restaurant openings includes two restaurants’ expansions to Narberth, a reopened brewery in South Jersey, a chic restaurant/lounge in Center City, an intriguing wine bar/bottle shop in Chestnut Hill, and two French newcomers.

    Restaurants can take awhile and owners are often hesitant to pinpoint an opening date. I’ve listed the targeted day where possible; for the rest, check social media.

    Duo Restaurant & Bar (90 Haddon Ave., Westmont): Brothers Artan and Arber Murtaj and Andi and Tony Lelaj, who own the Old World-style Italian Il Villaggio in Cherry Hill, are taking over Haddon Avenue’s former Keg & Kitchen with a pub serving a bar menu supplemented with seafood.

    Eclipse Brewing (25 E. Park Ave., Merchantville): Last August, food trucker Megan Hilbert of Red’s Rolling Restaurant became one of the youngest brewery owners in New Jersey when she bought this 9-year-old Camden County brewery, open as of Friday.

    Lassan Indian Traditional (232 Woodbine Ave., Narberth): The second location of the well-regarded Lafayette Hill Indian BYOB takes over the long-ago Margot space in Narberth.

    LeoFigs, 2201 Frankford Ave., as seen in January 2026.

    LeoFigs (2201 Frankford Ave.): Justice and Shannon Figueras promise the delivery of their long-awaited bar/restaurant, with an urban winery in the basement, at Frankford and Susquehanna in Fishtown. The food menu will be built around comfort-leaning small plates.

    The bubbly selection at Lovat Square in Chestnut Hill.

    Lovat Square (184 E. Evergreen Ave.): Damien Graef and Robyn Semien (also owners of Brooklyn wine shop Bibber & Bell) are taking over Chestnut Hill’s former Top of the Hill Market/Mimi’s Café property for a multiphased project: first a wine shop with indoor seating, then a courtyard with a full dinner menu, followed later by a cocktail bar/restaurant component. Opens Feb. 12

    Malooga (203 Haverford Ave., Narberth): The Old City Yemeni restaurant is expanding to Narberth with lunch and dinner service plus a bakery, with expanded indoor/outdoor seating and space for groups.

    Mi Vida (34 S. 11th St.): Washington, D.C.-based restaurant group Knead Hospitality + Design is bringing its upscale Mexican concept to East Market, next to MOM’s Organic Market. Target opening is Feb. 18.

    MOTW Coffee & Pastries (2101 Market St): Mahmood Islam and Samina Akbar are behind this franchise of Muslims of the World Coffee, offering a third-space experience at the Murano.

    Napa Kitchen & Wine (3747 Equus Blvd., Newtown Square): A California-inspired restaurant rooted in Midlothian, Va., opens in Ellis Preserve with an extensive domestic and international wine list in a polished setting. Opens Feb. 9.

    Ocho Supper Club (210 W. Rittenhouse Square): Chef RJ Smith’s Afro-Caribbean fine-dining supper club starts a six-month residency at the Rittenhouse Hotel, tied to the Scarpetta-to-Ruxton transition, serving tasting menus through July. Now open.

    Piccolina (301 Chestnut St.): A low-lit Italian restaurant and cocktail bar at the Society Hill Hotel from Michael Pasquarello (Cafe Lift, La Chinesca, Prohibition Taproom). Targeting next week

    Pretzel Day Pretzels (1501 S. Fifth St.): James and Annie Mueller’s pretzel-delivery operation is becoming a takeout shop in the former Milk + Sugar space in Southwark. Expect classic soft pretzels plus German-style variations (including Swabian-style) and stuffed options.

    Merriment at the bar at Savu, 208 S. 13th St.

    Savú (208 S. 13th St.): Kevin Dolce’s Hi-Def Hospitality has converted the former Cockatoo into a modern, bi-level dining and late-night lounge with a New American menu from chef Maulana Muhammad; it just soft-opened for dinner Thursday through Sunday and weekend brunch.

    Bar-adjacent seating at Side Eye.

    Side Eye (623 S. Sixth St.): Hank Allingham’s all-day neighborhood bar takes over for Bistrot La Minette with “French-ish” food from chef Finn Connors, plus cocktails, European-leaning wines, beer, and a late-night menu. Opens 5 p.m. Feb. 7 with 50% of the night’s proceeds going to the People’s Kitchen.

    Soufiane at the Morris (225 S. Eighth St): Soufiane Boutiliss and Christophe Mathon (Sofi Corner Café) say there’s a 90% chance of a February opening for their new spot at the Morris House Hotel off Washington Square. It’s billed as an elegant-but-approachable restaurant inspired by classic French bouillons/brasseries, with a menu spanning small plates and full entrées alongside Moroccan-influenced tagines. Expect evening service indoors, daytime service outdoors.

    South Sichuan II (1537 Spring Garden St.): A second location for the popular Point Breeze Sichuan takeout/delivery specialist, near Community College of Philadelphia; this one will offer more seating.

    Zsa’s Ice Cream (6616 Germantown Ave.): The Mount Airy shop’s end-of-2025 “grand closing” proved short-lived after a sale to local pastry chef Liz Yee. Reopened Feb. 7.

    Looking ahead

    March openings are in the offing for the much-hyped PopUp Bagels in Ardmore, as well as the long-delayed Terra Grill (a stylish room in Northern Liberties’ Piazza Alta) and ILU (the low-lit Spanish tapas bar) in Kensington.