Tag: Plymouth Meeting

  • A South Jersey man died after Penn doctors failed to diagnose him in time. A blood test could have saved his life.

    A South Jersey man died after Penn doctors failed to diagnose him in time. A blood test could have saved his life.

    Each night, Louis-Hunter Kean spiked a fever as high as 104.5. He would sweat through bedsheets and shiver uncontrollably. By morning, his fever would ease but his body still ached; even his jaw hurt.

    He had been sick like this for months. Doctors near his South Jersey home couldn’t figure out why a previously healthy 34-year-old was suffering high fevers plus a swollen liver and spleen. In early 2023, they referred Kean to Penn Medicine.

    Louis-Hunter Kean visiting a winery in the Tuscany region of Italy in September 2021. He first spiked a mysterious and persistent fever about a year later in August 2022.

    “These doctors are very sharp, and there are a lot of teams working on it,” Kean texted a friend after being admitted to the Hospital of the University of Pennsylvania (HUP) in West Philadelphia.

    Was it an infection? An autoimmune disease? A blood cancer? Over the next six months, at least 34 HUP doctors — rheumatologists, hematologist-oncologists, gastroenterologists, infectious disease and internal medicine specialists — searched for an answer.

    Kean was hospitalized at HUP five times during a six-month period in 2023. His electronic medical chart grew to thousands of pages.

    Along the way, doctors missed critical clues, such as failing to obtain Kean’s complete travel history. They recommended a pair of key tests, but didn’t follow up to make sure they got done, medical records provided to The Inquirer by his family show.

    Doctors involved in Kean’s care, including at Penn, prescribed treatments that made him sicker, said four infectious disease experts not involved in his care during interviews with a reporter, who shared details about his treatment. Penn doctors continued to do so even as his condition worsened.

    Louis-Hunter Kean receives a kiss from bride Ashley Greyson at the October 2021 wedding of his close friend, Joshua Green. Green and Kean graduated from Haddonfield High School in 2007.

    “No one was paying attention to what the doctor before them did or said,” Kean’s mother, Lois Kean, said.

    “They did not put all the pieces together,” she said. “It was helter-skelter.”

    Kean’s family is now suing Penn’s health system for medical malpractice in Common Pleas Court in Philadelphia. The complaint identifies nearly three dozen Penn doctors, accusing them of misdiagnoses and harmful treatments. These physicians are not individually named as defendants.

    In court filings, Penn says its doctors did not act recklessly or with disregard for Kean’s well-being, and his case is not indicative of any systemic failures within its flagship hospital. A Penn spokesperson declined further comment on behalf of both the hospital and the individual doctors involved in Kean’s care, citing the pending lawsuit.

    The puzzle of Kean’s diagnosis finally came together in November 2023 after a Penn doctor, early in his career, sought help from the National Institutes of Health (NIH).

    An NIH doctor recommended a test that identified the cause: a parasite prevalent in countries bordering the Mediterranean Sea. Kean likely got infected while vacationing in Italy, four parasitic disease experts told The Inquirer.

    The infection, which is treatable when caught early, is so rare in the U.S. that most doctors here have never seen a case, the experts said.

    By the time Penn doctors figured it out, Kean’s organs were failing.

    Louis-Hunter Kean and his then-girlfriend Zara Gaudioso at a friend’s wedding in Tuscany in September 2021. Kean and Gaudioso got engaged in early 2023. Gaudioso was smitten by Kean’s good looks and sense of humor.
    While vacationing in Italy in September 2021, Louis-Hunter Kean and his friends hiked in the foothills of the Apennine Mountains and visited Gran Sasso and Monti della Laga National Park.

    A missed clue

    When a patient has an ongoing and unexplained fever, an infectious disease doctor will routinely start by taking a thorough travel history to screen for possible illnesses picked up abroad.

    A medical student took Kean’s travel history during his initial workup at HUP in June 2023. An infectious disease specialist reviewed the student’s notes and added a Cooper University Hospital doctor’s earlier notes into Kean’s electronic medical chart at Penn.

    Those records show Kean had traveled to Turks and Caicos with his fiancée in May 2022. The next month, he took a work trip out West, including to California, where he visited farms, but didn’t interact with livestock.

    This was not unusual for Kean, who worked with fruits and vegetables imported from around the world at his family’s produce distribution center on Essington Avenue in Southwest Philadelphia.

    Kean’s fiancée, Zara Gaudioso, said she repeatedly told doctors about another trip: In September 2021, about a year before his fevers began, they traveled to Italy for a friend’s wedding in Tuscany.

    The couple hiked remote foothills, danced all night in a courtyard, dined by candlelight surrounded by a sunflower farm, and slept in rustic villas with the windows flung open.

    “We told everybody,” Gaudioso said. “A lot of Americans go to Italy — it’s not like a third-world country, so I could see how it could just go in one ear and out the other.”

    But notes in Kean’s medical record from the Penn infectious disease specialist don’t mention Italy. Neither do the ones the specialist copied over from Kean’s infectious disease doctor at Cooper.

    Kean “does not have known risk factors” for exposure to pathogens, the Penn specialist concluded, except possibly from farm animals or bird and bat droppings.

    Still, the specialist listed various diseases that cause unexplained fever: Tick-borne diseases. Fungal infections. Tuberculosis. Bacteria from drinking unpasteurized milk.

    The possible culprits included a parasitic disease, called visceral leishmaniasis, transmitted by a bite from an infected sandfly. It can lie dormant for a lifetime — or, in rare cases, activate long after exposure, so it’s important for doctors to take extensive past travel histories, parasitic experts say.

    The parasite is widely circulating in Southern European countries, including Spain, Greece, Portugal, and Italy.

    “Mostly, people living there are the ones who get it. But it’s just a lottery sandwich, and there’s no reason that travelers can’t get it,” said Michael Libman, a top parasitic disease expert and former director of a tropical medicine center at McGill University in Canada.

    But few cases become severe. Hospitals in Italy reported only 2,509 cases of active infection between 2011 and 2016, affecting fewer than one in 100,000 people. Infections requiring hospital care in Italy began to decline after 2012, according a 2023 European study by the Public Library of Science (PLOS) journal Neglected Tropical Diseases.

    Caught early, visceral leishmaniasis is treatable. Without treatment, more than 90% of patients will die.

    In addition to fever, other telltale symptoms are swelling of the liver and spleen and low blood cell counts. Kean had all of those.

    A missed test

    The infectious disease specialist requested a test to examine tissue biopsied from Kean’s liver, which was damaged and enlarged. Lab results showed that immune cells there had formed unusual clusters — another sign that his body might be fighting off an infection.

    In her notes, the specialist identified “visceral leish” as a possible diagnosis, which repeated — via copy and paste — seven times in his medical record. Her request to “please send biopsy for broad-range PCR” repeated five times.

    That is a diagnostic (polymerase chain reaction) test that looks for the genetic fingerprint of a range of pathogens.

    The test comes in different versions: One looks broadly for bacteria. The other is for fungi. The broad fungal test can detect leishmania, even though it’s not a fungus. However, it’s not always sensitive enough to identify the parasite and can produce a false negative, experts said.

    The specialist’s chart note doesn’t specify which type she wanted done.

    It’s not clear if anyone asked. The test wasn’t done.

    Louis-Hunter Kean (right, with wine glass and tambourine) leads a wedding procession through the small stone village of Santo Stefano di Sessanio in Italy’s Abruzzo region in September 2021.

    She did not order a low-cost rapid blood test that screens specifically for leishmaniasis by detecting antibodies made by the immune system after fighting it. She also didn’t order a leishmania-PCR, which is highly targeted to detect the exact species of the parasite.

    Nor did the medical record show that the specialist followed up on the results of the broader test she requested, even though she saw Kean on nine of the 13 days of his first hospitalization at HUP in June 2023.

    Penn has a policy that a lead doctor on the patient’s case is responsible for making sure that recommended tests get done. The specialist was called in as a consultant on Kean’s case. During that June hospitalization alone, his medical chart grew to 997 pages.

    Patient safety experts have warned for years that electronic medical record systems — designed for billing and not for care — can become so unwieldy that doctors miss important details, especially with multiple specialists involved, or repeat initial errors.

    A seemingly innocuous step in charting — copying and pasting previous entries and layering on new ones — can add to the danger, patient safety experts say.

    That’s how the specialist’s mention of “visceral leish” and her test recommendation got repeated in Kean’s chart.

    Marcus Schabacker, president of ECRI, a nonprofit patient-safety organization based in Plymouth Meeting, said “copy and paste” in electronic medical records puts patients at risk of harm.

    “The reality is if you are reading something over and over again, which seems to be the same, you’re just not reading it anymore. You say, ‘Oh, yeah, I read that, let’s go on,’” said Schabacker, speaking generally about electronic medical record systems and not specifically about Kean’s case.

    Louis-Hunter Kean plays guitar in his younger years. He loved music and shared eclectic playlists with his friends.

    When treatments harm

    Penn doctors believed Kean had a rare, life-threatening disorder, known as hemophagocytic lymphohistiocytosis (HLH), in which the immune system attacks the body. Instead of fighting infections, defective immune cells start to destroy healthy blood cells.

    In most adults, the constellation of symptoms diagnosed as HLH gets triggered when an underlying disease sends the body’s immune system into overdrive. Triggers include a blood cancer like lymphoma, an autoimmune disease like lupus, or an infection.

    Penn doctors across three specialties — hematology-oncology, rheumatology, and infectious disease — were searching for the cause within their specialties.

    “His picture is extremely puzzling,” one doctor wrote in Kean’s chart. “We are awaiting liver biopsy results. I remain concerned about a possible infectious cause.”

    As HUP doctors awaited test results, they treated Kean’s HLH symptoms with high doses of steroids and immunosuppressants to calm his immune system and reduce inflammation.

    The treatments, however, made Kean highly vulnerable to further infection. And defenseless against another possible trigger of HLH: visceral leishmaniasis.

    At the time, a Penn rheumatologist involved in Kean’s care before his first hospitalization warned about steroids “causing harm” to Kean if it turned out he had an infection. He wrote, “please ensure all studies requested by” infectious disease are done, medical records show.

    Steroid treatments would allow the parasites to proliferate unchecked, experts said.

    “It’s unfortunately exactly the wrong treatment for parasitic disease,” said Libman, the leishmania disease expert at McGill University.

    As Kean grew sicker, he was readmitted to HUP for a third time in September 2023. He texted a friend: “I’m on more medications than I’ve ever been on and my condition is worse than it’s ever been.”

    A sampling of Louis-Hunter Kean’s electronic medical records, which ballooned to thousands of pages over five HUP hospitalizations within six months in 2023.

    Handoffs between doctors

    No single doctor seemed to be in charge of Kean’s care, his family said. And the number of specialists involved worried them.

    “Everyone just kept being like, ‘We don’t know. Go see this specialist. Go see that specialist,’” Kean’s sister, Priscilla Zinsky, said.

    By fall 2023, rheumatologists hadn’t found a trigger of Kean’s symptoms within their specialty. They turned to doctors specializing in blood cancer.

    During the handoff, three doctors noted that they didn’t see the results of the test requested by the infectious disease specialist back in June. They still thought it was possible that Kean had an infection, records show.

    One blood disorder specialist now suggested an additional test that screens for more than 1,000 pathogens, including leishmania.

    “An additional consideration to rule out infectious cause would be blood-based Karius testing (though this would be fraught with false positives),” wrote that doctor, who was still training as a hematologist-oncologist.

    A supervising physician reviewed the Sept. 8, 2023, note and signed off on it. The medical records don’t show any follow-up with infectious disease doctors, and the test wasn’t done at the time.

    In the coming days, blood cancer specialists struggled to find a link between Kean’s symptoms and an underlying disease.

    They thought he might have a rare form of leukemia, but tests weren’t definitive, Kean texted friends.

    Untreated HLH symptoms can lead to rapid organ failure, so doctors often start patients on treatment while trying to figure out the underlying cause, said Gaurav Goyal, a leading national expert on HLH, noting that it can take days to get test results.

    “You have to walk and chew the gum. You have to calm the inflammation so the patient doesn’t die immediately, and at the same time, try to figure out what’s causing it by sending tests and biopsies,” said Goyal, a hematologist-oncologist at the University of Alabama at Birmingham.

    Medical records show that Penn doctors feared Kean was at “significant risk” of “irreversible organ failure.”

    They suggested a more aggressive treatment: a type of chemotherapy used to treat HLH that would destroy Kean’s malfunctioning immune cells.

    In his medical record, a doctor noted that beginning treatment without a clear diagnosis was “not ideal,” but doctors thought it was his best option.

    Four parasitic disease experts told The Inquirer that chemotherapy, along with steroids and immunosuppressants, can be fatal to patients with visceral leishmaniasis.

    “If that goes on long enough, then they kill the patient because the parasite goes out of control,” Libman said, explaining that ramping up the HLH treatments weakens the immune system. “The parasite has a holiday.”

    A sample of text messages from Louis-Hunter Kean to friends during separate HUP hospitalizations over a six-month period in 2023.

    Chemo as last resort

    Kean banked his sperm, because chemo infusions can cause infertility. He told friends he trusted his Penn team and hoped to make a full recovery.

    “Started chemo last night. It really feels like finally there is a light at the end of the tunnel,” he texted a friend on Oct. 7, 2023.

    “I’m gonna get to marry my best friend, and I think I’m going to be able to have children,” Kean wrote in another text to a different friend.

    Kean spent nearly all of October at HUP getting chemo infusions. He rated his pain as a nine out of 10. His joints throbbed. He couldn’t get out of bed. He started blacking out.

    Doctors added a full dose of steroids on top of the IV chemo infusion. By the end of the month, Kean told a friend he feared he was dying.

    A year had passed since Kean first spiked a fever. He no longer could see himself returning to his former life — one filled with daily exercise, helping run his family’s produce store, nights out with friends at concerts and bars, and vacations overseas.

    Lethargic and weak, he could barely feed himself. His sister tried to spoon-feed him yogurt in his hospital bed.

    He started texting reflections on his life to friends and family, saying his illness had given him a “polished lens” through which he could see clearly. He wrote that their love felt “like a physical thing, like it’s a weighted blanket.”

    “I’ve lived an extremely privileged life. I don’t think it’s possible for me to feel bad for myself,” he said in a text. “And I don’t want anyone else to either.”

    Louis-Hunter Kean enjoying dinner out with his sister, Jessica Kean, in Manhattan in 2014. Friends and family described him as a “foodie” and health food advocate prior to the onset of his illness in August 2022.

    Puzzle solved

    One doctor involved in Kean’s care had seen him at Penn’s rheumatology clinic in early June 2023, just before his first HUP hospitalization. The doctor, a rheumatology fellow, urged him to go to HUP’s emergency department, so he could be admitted for a medical workup.

    The fellow remained closely involved in Kean’s care, medical records show. Also in his 30s, this doctor shared Kean’s interests in music, fashion, and the city’s restaurant scene, according to Kean’s family.

    “They had a rapport,” Kean’s father, Ted Kean, said. “Louis thought a lot of him, and he seemed to think a lot of my son.”

    By early November 2023, the rheumatology fellow was extremely concerned, medical records show.

    The chemo infusions weren’t helping. Kean still was running a fever of 103. The fellow wrote in his chart that he was worried Kean needed a bone-marrow transplant to replace his failing immune system.

    And doctors still didn’t know the root of his symptoms.

    The fellow contacted the NIH, medical notes show.

    An NIH doctor recommended a test to check for rare pathogens, including parasites that cause visceral leishmaniasis, according to family members present when the testing was discussed.

    The NIH-recommended Karius test was the same one suggested two months earlier by the Penn hematologist-oncologist in training, but with no follow-up.

    File of sign on front of Hospital of the University of Pennsylvania (HUP) taken on Tuesday, March 19, 2024.

    On Nov. 16, the fellow got the results. He went to Kean’s bedside.

    After five HUP hospitalizations over six months, a single test had revealed the cause of his illness: visceral leishmaniasis.

    Kean cried with relief and hugged the fellow, joined by his mother and sister.

    “‘You saved my life,’” Kean’s sister, Jessica Kean, recalled her brother telling the doctor. “‘Finally, we know what this is, and we can treat it.’”

    To confirm the results, Penn sent a fresh blood sample from Kean to a lab at the University of Washington Medical Center for a targeted and highly sensitive leishmania-PCR test created by pathologists there.

    Kean’s medical chart was updated to note that he traveled to “Italy in the past,” also noting he had visited Nicaragua and Mexico. A HUP infectious disease doctor consulted with the Centers for Disease Control and Prevention on antiparasitic medications.

    Meanwhile, Kean’s nose wouldn’t stop bleeding. He felt light-headed and dizzy, with high fever. Even on morphine for his pain, his joints ached.

    “I’ve been struggling, buddy,” he texted a friend on Nov. 20. “This might be the worst I’ve ever been.”

    By Nov. 22, he stopped responding to text messages. He began hallucinating and babbling incoherently, family members recalled. “Things went downhill very, very quickly, like shockingly quickly,” his sister, Priscilla Zinsky, said.

    When she returned on Thanksgiving morning, he was convulsing, thrashing his head and arms. “It was horrifying to see,” Zinsky said.

    Her brother had suffered brain bleeds that caused a stroke. His organs were failing. He had a fungal infection with black mold growing throughout his right lung, medical records show.

    Kean was put on life support, with a doctor noting the still-preliminary diagnosis: “Very medically ill with leishmaniasis.”

    “Prognosis is poor,” read the note in his Nov. 29, 2023, medical records.

    A few hours later, Kean’s family took him off life support. He died that day.

    “All of his organs were destroyed,” said Kean’s mother, Lois Kean. “Even if he had lived, he had zero quality of life.”

    Portraits of Lois and Ted Kean’s four children decorate a wall at their home in Haddonfield. Their son, Louis-Hunter, died after contracting visceral leishmaniasis, a parasitic infection he likely picked up in Italy. When caught early, it’s treatable with medication. It’s deadly without treatment.

    Post mortem

    The day after his death, HUP received confirmation from the Washington state lab that Kean had the most deadly species of leishmania, medical records show.

    It’s not clear why the parasites began to attack Kean a year after his return from Italy. Healthy people rarely develop severe disease from exposure to the deadly form of the parasite circulating outside the U.S., experts said.

    Most people infected by a sandfly “are probably harboring small amounts of the parasite” in their organs, according to Naomi E. Aronson, a leishmania expert and director of infectious diseases at the Uniformed Services University of the Health Sciences in Bethesda, Md.

    “Most of the time, you don’t have any problem from it,” Aronson said.

    Children under age 5, seniors, and people who are malnourished or immunodeficient are most susceptible to visceral leishmaniasis. Aronson said she worries about people who might harbor the parasite without problems for years, and then become immunocompromised.

    Libman, the parasitic expert from McGill, said he’s seen six to 10 patients die from visceral leishmaniasis because doctors unfamiliar with the disease mistakenly increased immunosuppressants to treat HLH during his 40 years specializing in parasite disease.

    “That’s a classic error,” he said.

    Kean’s case “should be a real clarion call” for infectious disease specialists and other doctors in the U.S., said Joshua A. Lieberman, an infectious disease pathologist and clinical microbiologist who pioneered the leishmania-PCR test at the Washington state lab.

    “If you’re worried about an unexplained [fever], you have to take a travel history that goes back pretty far and think about Southern Europe, Iraq, Afghanistan, India, and maybe even Brazil,” Lieberman said.

    In the wake of Kean’s death, his family was told that Penn doctors held a meeting to analyze his case so they could learn from it.

    An infectious disease doctor called Zinsky, Kean’s sister, to let her know about the postmortem review and shared that doctors discussed that Kean had likely picked up the parasite in Tuscany.

    “Why didn’t you guys have this meeting,” she asked, ”while he was alive?”

    Editor’s note: This story has been updated to clarify that ECRI President Marcus Schabacker was not speaking specifically on Kean’s case.

  • Man who stole nearly $250,000 from Pa. Occupational Therapy Association charged with theft

    Man who stole nearly $250,000 from Pa. Occupational Therapy Association charged with theft

    A Western Pennsylvania man stole nearly $250,000 from the Montgomery County-based Pennsylvania Occupational Therapy Association, prosecutors said Monday, and spent the money on a trip to Disney World, country club membership fees, an Outer Banks vacation rental, and other personal expenses.

    Michael Fantuzzo, 40, was charged with several counts of theft for the crimes, which prosecutors said took place between 2021 and 2024 while Fantuzzo, of Westmoreland County, served as treasurer for the nonprofit trade organization.

    In all, prosecutors said, Fantuzzo spent $246,708 of the association’s funds, effectively reducing its savings account to zero.

    Fantuzzo admitted to investigators that he used the association’s funds for personal expenses, though he initially told them he had spent $90,000 of the group’s funds and did so by accident.

    A further investigation into Fantuzzo’s spending found that the sum was much larger.

    Prosecutors say Fantuzzo spent more than $100,000 from the association’s bank account to pay off debt on a handful of credit cards opened in his name.

    And Fantuzzo charged more than $128,000 to the association’s credit card, including $10,513 to install a hot tub at his home; $7,247 for a vacation home rental in Duck, N.C.; $5,460 for his local and county taxes; $4,124 for membership to the Hillcrest Country Club; $2,040 for a limousine service; and $2,019 for the trip to Disney World.

    Members of the Pennsylvania Occupational Therapy Association, based in Plymouth Meeting at the time of the theft, realized something was wrong when newly elected board members learned the organization they inherited was experiencing “severe financial distress,” police said. They reported the suspicious payments to authorities in November.

    The association advocates for occupational therapists and provides career development and networking opportunities, among other services, according to its website.

    Investigators say they linked the spending back to Fantuzzo in a variety of ways.

    Some payments, such as the Disney World tickets, included Fantuzzo and his family members’ names on the charges. Meanwhile, the PayPal payments went to an account bearing the name of Fantuzzo’s wife. And investigators tracked Fantuzzo’s name back to invoices and rental agreements for other purchases.

    Fantuzzo turned himself in to Montgomery County authorities on Feb. 6. He was released from custody and is expected to appear in court for a preliminary hearing on Feb. 17.

  • 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.

  • What does Montco’s PJM have to do with data centers and why is Gov. Shapiro always so mad at it?

    What does Montco’s PJM have to do with data centers and why is Gov. Shapiro always so mad at it?

    Pennsylvania Gov. Josh Shapiro spotlighted energy affordability and the rapid expansion of data centers during his annual budget address Tuesday, singling out PJM to speed up new electrical connections for the centers.

    PJM Interconnection — the region’s dominant electric grid operator — is poised to play a central role in the expansion of data centers, as the independent organization has been shoved into the national spotlight and subjected to mounting pressure over the last year.

    It has been a frequent target of Shapiro, officials from other states, consumer advocates, and the federal government.

    In many ways, PJM may be one of the most consequential Philly‑area institutions that most residents have barely heard of, even though their electricity supply and monthly bills hinge on its decisions.

    The organization has faced escalating scrutiny nationwide and across the region because of its position as the country’s largest independent grid operator and the challenges tied to surging energy demand.

    What is PJM?

    Based in Audubon, Montgomery County, PJM manages the minute-by-minute flow of electricity for 67 million people across 13 states and the District of Columbia.

    It helps keep the lights on for 13 million Pennsylvanians.

    Why are there concerns about PJM and data centers?

    Concerns have risen over the cost to consumers posed by hyperscale data centers — the massive server farms needed to run artificial intelligence — that are poised to come online across Pennsylvania and the U.S.

    PJM plays a major role in getting those data centers powered and connected to the regional electrical grid.

    Consumer advocates say the data centers are forcing consumers to pay for the new power plants and equipment needed to keep up with that demand. And they fear that huge demand could result in electrical outages during times of peak demand.

    Already, consumers have seen electricity prices spike — and that’s before most of the proposed data centers are even built.

    How much consumers pay is influenced by an annual auction held by PJM designed to get enough commitments from power producers so that the electrical grid can meet forecast demand for several years and to ensure power during peak times. That is known as grid reliability.

    Map produced by The National Resources Defense Council estimates electricity capacity costs to utility companies based on PJM forecasts through 2032.

    Why is Gov. Shapiro critical of PJM?

    Shapiro and other governors have been sharply critical of how PJM has designed its auction, saying the process lacks transparency.

    In a 2024 lawsuit, Shapiro’s office referred to PJM’s decisions as “inept” and responsible for “the country’s most snarled interconnection queue,” in reference to projects lined up for approval to be added to the grid.

    After the 2025-26 auction, Shapiro reached an agreement with PJM on a price cap that he said would save consumers over $21 billion and avoid historic price hikes. The cap limited the increase of wholesale electricity payments to power plant owners.

    PJM held another auction in December for 2027-28, in which it failed to procure enough supply to meet forecast demand next year.

    PJM forecasts that data centers will drive a need for more than 30 gigawatts of peak electricity capacity by 2030 — enough to power more than 20 million households, or approximately all the homes in New Jersey, Pennsylvania, Ohio, Virginia, and Maryland, according to the Natural Resources Defense Council (NRDC).

    The NRDC says that could lead to another spike in electricity costs through 2033 and cost homeowners and businesses an estimated extra $70 per month.

    As a result, Shapiro and federal officials have urged PJM to extend the current price cap another two years.

    Why is there a push for more data centers?

    At the same time, however, officials are also pushing PJM to fast-track data centers.

    Late last year, the Federal Energy Regulatory Commission issued an order on so-called colocation that will allow tech companies to plug their data centers directly into power plants.

    In January, the Trump administration and a group of governors, including Shapiro, urged PJM to move quickly to boost power supplies and keep bills from rising.

    They also want PJM to hold a separate power auction in which tech companies would bid on 15-year contracts to build new power plants. That way, data center operators, not regular consumers, would pay for the power.

    Data centers that do not have their own power source and do not volunteer to be cut off from the grid during power emergencies should be billed for the cost of new power plants, they said.

    Why do people resist data centers near their homes?

    The quick rise of data centers has met stiff resistance from residents who fear the projects will radically alter the character of rural neighborhoods, increase electricity and water costs, and harm the environment.

    Developers have submitted applications for at least 20 hyperscale data centers in Pennsylvania. PJM would have to find a way to make sure they can be powered and connected reliably to the grid, or provide their own power.

    At least six data centers are being planned or proposed in the Philadelphia region, with some reaching 2 million square feet. Residents have fought the proposals, some of which have run into zoning and planning problems.

    Data centers are proposed in Falls Township, Bucks County; East Vincent and East Whiteland in Chester County; Limerick in Montgomery County; and Vineland, N.J. A proposal for a data center in Plymouth Meeting, Montgomery County, has been withdrawn, but another proposal could be submitted at any time.

    Residents of some of those communities are alarmed by a new Pennsylvania House bill (HB 2151), which is backed by Shapiro. It provides a model ordinance designed to speed data center development.

    Opponents believe the bill is an attempt by the tech industry to get data centers approved.

    “HB2151 would undermine Pennsylvanians’ herculean grassroots efforts to keep dirty data centers out of our communities — it must be stopped,” said Ginny Marcille-Kerslake, an organizer for Food and Water Watch, an environmental advocacy nonprofit.

    “This bill pushes Shapiro’s reckless embrace of data centers even further onto communities struggling to grapple with Big Tech’s land, power, and water grab,” she said, calling it a part of “backroom deals” the state is making.

    A vote on the bill before the House Energy Committee is scheduled for Wednesday.

    What’s next?

    Environmentalists and other groups, including some legislators, say a process by PJM to fast-track electricity-producing projects excludes clean energy and gives special treatment to fossil fuel power plants, allowing them to cut ahead in the queue over renewable sources that have waited years to connect to the grid.

    Meanwhile, PJM recently released its much-anticipated plan for how to deal with the demand created by data centers.

    That plan calls for changes in PJM policies to bring new power online quickly by providing a streamlined path for state-sponsored power generation projects, improving load forecasts, giving a bigger role in the process to states, and offering ways for data centers to bring in their own power generation while curtailing power in times of system need.

    The plan, PJM said, “will also help address the supply-and-demand imbalance that has the potential to threaten grid reliability and is currently driving up wholesale costs that can impact consumer bills.”

    Jeff Shields, a spokesperson for PJM, said the imbalance has been created as sources of power generation are being retired without enough new generation coming online to keep pace. At the same time, demand for electricity has increased substantially due to the proliferation of data centers.

    “PJM is doing its part to bring new generation onto the system, and any suggestion otherwise is just not true,” Shields said.

    He also noted that while PJM does run wholesale power markets, it does not directly set rates for residential, commercial, or industrial customers. Those rates are set by utilities, such as Peco, along with government agencies, such as the Pennsylvania Public Utility Commission.

  • All Amazon Fresh stores, including six in the Philly area, are closing

    All Amazon Fresh stores, including six in the Philly area, are closing

    Amazon will be closing all its physical Amazon Fresh stores, including six in the Philadelphia region, as it expands its Whole Foods footprint and grocery delivery services.

    The e-commerce giant made the announcement in a statement Tuesday, noting that it would convert some Amazon stores into Whole Foods Markets.

    “While we’ve seen encouraging signals in our Amazon-branded physical grocery stores, we haven’t yet created a truly distinctive customer experience with the right economic model needed for large-scale expansion,” the company said.

    People shop inside the Amazon Fresh in Warrington in August 2021. The store and all other Amazon-branded grocers are closing.

    The statement did not specify which Amazon Fresh stores would become Whole Foods, and company spokespeople did not answer questions about whether any Philadelphia-area locations would be converted.

    Amazon Fresh has stores in Broomall, Bensalem, Langhorne, Northern Liberties, Warrington, and Willow Grove. The Northern Liberties location on Sixth and Spring Garden Streets opened this summer after years of construction.

    Two more potential Amazon Fresh stores seemed to be in the works in Havertown and Northeast Philadelphia as of the summer, according to PhillyVoice.

    Customers use the Amazon Dash Cart at the Amazon Fresh grocery store in Warrington in 2021.

    Smaller-format Amazon Go stores, the closest of which are in New York, will also be shuttered or converted.

    As the company winds down its Amazon-branded physical stores, it says it will “double down” on online grocery delivery, including by expanding its same-day services to more communities.

    Amazon’s same-day delivery has been available in the Philadelphia market since 2009. Since December, Amazon has been testing “Amazon Now” delivery — which aims to get groceries to customers in 30 minutes or less — in parts of Philadelphia and Seattle.

    Amazon also said it plans to invest more in physical Whole Foods stores, adding more than 100 stores nationwide in the coming years.

    The Whole Foods store in Exton, as pictured in 2022.

    Amazon said Tuesday that Whole Foods has seen a 40% growth in sales since Amazon purchased the organic-grocery chain in 2017.

    Whole Foods has 550 locations nationwide, including more than a dozen in the Philadelphia area. Amazon spokespeople did not answer questions about whether more Whole Foods stores were in the works in the Philly region.

    Amazon also expects to open at least five more smaller-format Whole Foods Market Daily Shop stores by the end of the year. The company said that decision was based on “strong performance” at the five existing shops in the New York City area and Arlington, Va.

    The Center City Whole Foods Market as pictured in February 2025.

    The online retailer said it plans to continue to experiment with new ways of shopping at its physical stores.

    In its statement, Amazon gave a shout-out to one such test in the Philadelphia area: “The store within a store” experience at the Whole Foods in Plymouth Meeting.

    Since November, customers at that store have been able to browse the physical aisles of Whole Foods, while digitally ordering unique products from Amazon and Whole Foods. The orders are then packaged in minutes in an automated micro-fulfillment center within the grocer’s back-of-house area.

  • What the Saks bankruptcy means for Philly-area shoppers

    What the Saks bankruptcy means for Philly-area shoppers

    Saks Global, which operates Saks Fifth Avenue and Neiman Marcus, has filed for bankruptcy.

    The high-end clothing retailer announced the move on Wednesday, saying in a statement that the Chapter 11 filing will “facilitate its ongoing transformation.”

    In the Philadelphia region, Saks Global has long operated an expansive Saks Fifth Avenue store off City Avenue in Bala Cynwyd. The company also has a Neiman Marcus at the King of Prussia Mall, as well as Saks Off 5th discount outlets at the Franklin Mall in Northeast Philadelphia and at the Metroplex shopping center in Plymouth Meeting.

    Both local Saks Off 5th locations are slated to close soon, as was reported this fall by several news outlets, including the Philadelphia Business Journal.

    Here’s what the bankruptcy filing means for local Saks shopper.

    Is Saks Fifth Avenue in Bala Cynwyd closing?

    Saks Fifth Avenue has been a retail success along City Avenue in Bala Cynwyd, as shown in April 2024.

    No. At least not in the immediate future.

    Saks has filed for Chapter 11 bankruptcy, which means the company intends to reorganize financially and stay in business. That’s opposed to Chapter 7 bankruptcy — as is the Iron Hill Brewery case — through which businesses liquidate all their assets and close locations.

    “To be clear, a Chapter 11 filing does not mean that Saks Global is going out of business,” Saks wrote in a bankruptcy FAQ on its website.

    But when companies reorganize through bankruptcy, they sometimes do close stores, particularly underperforming ones.

    Saks executives alluded to the possibility of this in its statement, which read in part: “As part of the Chapter 11 process, the company is evaluating its operational footprint to invest resources where it has the greatest long-term potential. This approach reflects an effort to focus the business in areas where the company’s luxury retail brands are best positioned for sustainable growth.”

    The Saks Fifth Avenue opened in Bala Cynwyd decades ago. It is now the retailer’s only location in the Philadelphia region and is called “Saks Philadelphia” on the company’s website.

    The Inquirer reported in 2024 that business at the store was strong and that the chain had resisted offers to move to King of Prussia, according to the City Ave District.

    In response to questions from The Inquirer about the future of Philadelphia-area stores, Saks Global said: “Our footprint evaluation is underway, and we have already begun to work collaboratively with our real estate partners to find future-facing solutions, where possible, to achieve a stable and sustainable business model and optimized portfolio on the other side of this process.”

    Is Neiman Marcus in King of Prussia closing?

    The Neiman Marcus store in King of Prussia, as shown in May 2020.

    Also not in the immediate future.

    King of Prussia Mall has long been a go-to spot for retailers. Even after the challenges of the pandemic, and amid competition from online retailers, the center remains among the region’s thriving shopping destinations.

    In 2024, Saks Global bought Neiman Marcus in a $2.65 billion deal after Neiman Marcus filed for Chapter 11 bankruptcy during the pandemic.

    Are Saks credit cards or gift cards impacted by the bankruptcy?

    No, the company says.

    “There are no changes to our credit card programs and rewards, with customers continuing to shop, earn and redeem benefits as usual,“ the company wrote in the FAQ. ”We continue to accept payments as usual, including credit cards and gift cards, with no changes to how customers transact with us.”

    Are Saks’ return policies impacted by the bankruptcy?

    No, according to the company.

    “Our refund and exchange policy is expected to remain unchanged, with refunds and exchanges being accepted and issued as usual,” the company wrote.

    I am waiting on a package from Saks. Will my order still arrive?

    Yes, all current and future orders will be delivered as usual, the company said.

    What’s next for Saks?

    In New York, Saks Fifth Avenue’s holiday light show and window was revealed in November.

    The company says it is not going anywhere.

    “Saks Global is firmly focused on the future, and we look forward to continuing to serve customers and deliver for our stakeholders,” the company wrote in the FAQ.

    As of Wednesday, Saks was waiting for court approval of a $1.75 billion financing deal that would come with an immediate $1 billion debtor-in-possession loan from an investor group.

    If approved, the deal “will provide ample liquidity to fund Saks Global’s operations and turnaround initiatives,” the company said in a statement.

    Saks estimates its assets and liabilities at between $1 billion and $10 billion, according to court documents filed in U.S. Bankruptcy Court in Houston. Saks has between 10,001 and 25,000 creditors, including luxury brands like Chanel, to which Saks owes $136 million, according to the documents.

    To lead the company during this transition, Saks also announced a new chief executive, with former Neiman Marcus CEO Geoffroy van Raemdonck replacing Richard Baker.

    Saks said it hopes to emerge from bankruptcy later this year.

    The company said in its FAQ: “With new capital and a stronger financial foundation on the other side of this process, we are confident that we can play a central role in shaping the future of the luxury retail industry while delivering the elevated shopping experience our customers expect from our dedicated team.”

  • SEPTA opens new $50M Wissahickon Transit Center in Manayunk

    SEPTA opens new $50M Wissahickon Transit Center in Manayunk

    SEPTA officially unveiled its long-awaited Wissahickon Transportation Center in Manayunk, which is about six times the size of the previous small bus depot.

    The new center on Ridge Avenue, near Main Street, is expected to serve 5,000 bus riders a day, officials said Monday at the ribbon cutting.

    Construction of the $50 million project began in 2023 at what was already one of SEPTA’s busiest transportation hubs. It is located within walking distance of the Wissahickon Regional Rail Station.

    Officials say the center improves connections, provides a better waiting experience for riders, and serves as a key transportation link to busy Main Street. They also say it makes navigating the immediate area easier for buses, pedestrians, and bicyclists.

    “We are making bus service safer and more reliable at one of our busiest transportation facilities,” SEPTA board chair Kenneth Lawrence said in a statement. “This new hub provides better access to work, school, and other opportunities, including reverse commute connections for Philadelphia residents to Montgomery and Delaware Counties.”

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    Among the improvements:

    • Weather-protected waiting areas, benches, and bicycle racks
    • Better lighting, signs, and security cameras
    • A supervisor’s booth
    • A new left turn lane dedicated to buses on a wider road
    • Improved crosswalks for pedestrians crossing Ridge Avenue
    • Bicycle racks
    • Improved crosswalks
    • Americans with Disabilities Act-compliant boarding areas

    The previous center that fronted Ridge Avenue was basically a large bus shelter where commuters who live in neighborhoods in the city’s northwest and pass through on their way to jobs in King of Prussia and Plymouth Meeting change buses.

    Nearly three-quarters of the passengers who board at Wissahickon are transferring to or from other SEPTA services.

    “This is our largest customer-centric bus project to date,” said SEPTA general manager Scott Sauer.

    Officials say the center lays the groundwork for SEPTA’s new bus network. For about five years, the transit agency had been taking steps toward launching its first comprehensive overhaul of the bus system since SEPTA opened in 1964, but last year SEPTA put the project on indefinite pause due to funding issues.

    The new center, which is immediately behind the old facility, is part of the city’s larger Wissahickon Gateway Plan to grow and improve the area where the Schuylkill and Wissahickon Creek meet at Ridge Avenue and Main Street.

    The gateway plan’s goal is to address stifling traffic, dangerous conditions for pedestrians and cyclists, and provide easier access to the river.

    As part of the gateway, a new trail segment is also planned that would include a paved path allowing walkers, runners, and cyclists to circumvent the busy nexus of roads, giving easier access to the Schuylkill River Trail.

  • Northeast Philly’s Franklin Mills mall is for sale

    Northeast Philly’s Franklin Mills mall is for sale

    Northeast Philadelphia’s Franklin Mall — better known by its original name, Franklin Mills — is for sale after years of plummeting valuation, occupancy, and visitor numbers.

    A listing on the website of real estate brokerage Jones Lang LaSalle (JLL) includes possible uses a new owner can consider, including industrial and office development. The parcels including Sam’s Club and Walmart are not included in the sale.

    “Franklin Mall presents the opportunity to acquire meaningful control of more than 137 acres … in a densely populated location that may support additional densification and redevelopment,” the listing reads.

    The move comes amid a wave of mall sales and redevelopments in the region, with demolition and residential construction a common fate for many struggling shopping centers.

    Over 68% of Franklin Mall is occupied, which could be an incentive for continued retail operations. But sales and visitor numbers have been falling for years, and JLL reports the average existing lease lasts for only another 1.7 years.

    If a new use is sought, the mile-long, one-story structure would be difficult to repurpose.

    “I think it’s unlikely to be a shopping mall” again, said Jerry Roller, founder of the design firm JKRP and a longtime architect in Philadelphia. “What could it be? Obviously, residential. It might be a warehouse. It’s essentially a large vacant piece of land. It was fairly inexpensive when it was built, so it’s not hard to demolish.”

    The hundred acres of land that Franklin Mills sits on at the edge of Far Northeast Philadelphia is zoned for auto-oriented commercial use.

    JLL’s listing advertises the site’s suitability for industrial redevelopment.

    “The property’s infill location and highway access make it a strong candidate for redevelopment into a modern industrial facility,” the listing reads. The zoning “could provide a basis for an investor to pursue the development of up to 1.4 million square feet of new warehouse space.”

    The residential redevelopment opportunities for the site could be aided by a promised 20-year property tax abatement for the conversion or demolition of outmoded commercial buildings into housing, which Mayor Cherelle L. Parker’s administration promises next year following enabling legislation from Harrisburg.

    But the existing zoning would not allow that, so a residential project would need to win the permission of the city’s Zoning Board of Adjustment or have the land-use rules changed legislatively by Councilmember Brian O’Neill.

    The mile-long Franklin Mills mall drew Christmas-size crowds at its opening in May of 1989.

    Tribulations of a Northeast Philly icon

    The 36-year-old, 1.8-million-square-foot facility at Knights and Woodhaven Roads is the second largest mall in the Philadelphia area after King of Prussia. But while its larger cousin remains a dominant retail force, Franklin Mall has been struggling for years.

    The mall opened in 1989 to great fanfare as the largest outlet mall ever, with an iconic zigzag-shaped concourse that stretched for 1.2 miles.

    In its 1990s heyday, it attracted 20 million visitors annually. The latest numbers, provided by JLL, are 5.6 million visitors a year.

    In 2007, in retrospect near the end of Franklin Mills’ golden era, the property and the rest of the Mills Corp. was taken over by Simon Property Group, the largest mall owner in the country. The new ownership group rehabbed the property in 2014, although there were already signs Simon was distancing itself by moving Franklin Mills (renamed Philadelphia Mills) into a different balance sheet category than its core properties.

    Simon’s loan on the property had been intermittently distressed since 2012. An April 2024 report from real estate analytics firm Morningstar Credit was headlined “Legacy Philly Mall Back to Special Servicing for the Umpteenth Time.”

    Shoppers stroll through the Franklin Mills mall in 2014.

    The 2007 loan still had an outstanding balance of almost $250 million when it came to maturity in July 2024. Simon stepped away from the day-to-day operations at that time, with Philadelphia-based OPEX CRE Management appointed as receiver of the distressed property. The name was changed to Franklin Mall because Mills was trademarked by Simon.

    Last year Franklin Mall’s appraised value was $76 million, a precipitous decline from its $201 million valuation in 2012 and $370 million in 2007. According to Morningstar Credit, a new appraisal is likely in the next month.

    Full financials haven’t been publicly updated since last year, but at that time, the cash flow for the property was $9.5 million, the lowest since Simon took over in 2007. That’s down from 2019, when cash flow was $17.5 million, according to Morningstar, and from $11 million in 2022.

    According to Morningstar, the latest reports from the special servicer for the property, Greystone Servicing Co., say cash flow is even lower this year and occupancy has fallen to 65.4%.

    Possible reuses for Franklin Mills

    Franklin Mall’s for-sale status comes as some old-school regional shopping destinations are declining.

    While some of its counterparts like King of Prussia and the Cherry Hill Mall are still thriving, there has been a wave of sales and redevelopments of area malls as the nature of retail evolves.

    Some ailing malls have been purchased on the cheap, allowing their new owners to reinvest and refurbish the property in its previous mold.

    “In terms of using the buildings that are there, it’s a challenge because they are generally big box retail, and they’ve got a center mall, which is completely out of fashion,” Roller said. “Could somebody, if they had the right tenants, recreate the mall? Turn it inside out, open the thing up?”

    “Maybe it’s possible,” Roller said. But “I don’t see a lot of uses for the buildings that are there right now.”

    The redevelopment of Exton Square Mall is in legal limbo.

    When regional malls are redeveloped, more commonly, the retail options are reduced with much of the old structure demolished. Diverse new uses often take a faded shopping center’s place.

    Two weeks ago, the sale of Plymouth Meeting Mall was announced with the new owner planning residential development. The contentious redevelopment of the Exton Square Mall would also see a burst of residential development and expanded healthcare options — if the owner can win a lawsuit against the township.

    In New Jersey, the Echelon, Moorestown, and Burlington Center malls have or are going through a variety of demolition and redevelopment options. The commonality is that residential building is a part of all three plans.

    At Franklin Mall, redevelopment would likely require demolition of the existing building.

    “Ultimately, it may just be a piece of land” for sale, said Roller.

    JLL’s listing, however, pitches the property as either redevelopment or continued mall use.

    “This offering presents prospective purchasers with the opportunity to acquire a strategically positioned super regional shopping center with significant upside potential and/or redevelopment opportunity,” it reads.

    JLL’s managing directors on the sale are John Plower, David Monahan, and Jim Galbally.