The Acme store in Philadelphia's Society Hill will close once its lease expires in two years and be replaced by a residential building, according to a report in today's Philadelphia Inquirer. The report says that Alterra Property Group received a conditional zoning permit last week that allows for the demolition of the current building as well as the construction of a five-story structure with 43 underground parking spaces.
Neighborhood residents and the Society Hill Civic Association oppose the project, which needs to be reviewed by the Philadelphia Historical Commission since it's located within a historical district.
Acme acquired the store after A&P's bankruptcy in 2015. It had been operating for several years as a Super Fresh.