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A reader sent us this listing from Loopnet, which indicates that the 2,000 sqft space that’s been home to Krispy Kreme for a little more than a year is available for sublease. When a small, local business like Ramen Boy folds after a short time, it’s not really such a surprise. But when a store that’s part of a giant corporation can’t make a go of it in just a year, it’s fairly unexpected, ya know?

The space

The corner

Krispy Kreme is located at 41 S. 16th St., just a tad north of the corner of 16th & Chestnut. While Liberty Place is across the street, and the corner gets all kinds of pedestrian traffic, the Krispy Kreme is very easy to miss for people walking past on Chestnut Street. And not nearly as many people are walking north on 16th Street, above Chesnut. We’d guess that the Children’s Place, positioned right on the corner and which moved to this location right before Krispy Kreme opened, is doing pretty well.

Site plan for the space

Alternately, it could simply be that the shine has come off of the Krispy Kreme brand. As recently as a decade ago, Krispy Kreme store openings elicited celebrations from local communities and resulted in all-night campouts in anticipation. The ongoing success at Dunkin Donuts, as well as the buzz generated by the planned new Federal Donuts location indicates that this isn’t some anti-donut situation, but rather a reduced level of enthusiasm for a brand that people once went nuts over.

So now the question becomes, who will rent out this space? What kind of business can succeed here, right near a highly trafficked corner but just a few steps out of the way for people? Any ideas, kind readers?

9
COMMENTS
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Posted in Rittenhouse | Tagged , , , , , , , | 9 Comments
  • Omp835

    I tried to stop in and buy a donut on a whim but I couldn’t find the entrance. Didn’t try too hard since I really don’t care. Guess I’m not alone.

  • http://twitter.com/xoxoANP Anittah Patrick

    Wow, I have never once even noticed this store, and I sort of love these ridonculously unhealthy things. Maybe they should team up with KFC and set up shop next to one of the hospitals … eat here, have heart attack, go there …

  • http://twitter.com/brianbrews Brian Marsh

    That arrow is pointing south and driving me nuts!

  • loveisintheair

    slobs across america.

  • Rwb

    bad location, competition with dunkin’ donuts, and not really a great time to be in the insanely unhealthy food biz

  • http://blog.philadelphiarealestate.com/lunchtime-quick-hits-19/ Lunchtime Quick Hits | Philadelphia Real Estate Blog

    [...] in Philly (Flying Kite) Philly’s White Dog Cafe makes Most Pet Friendly list (Philly.com) Krispy Kreme On The Run from 16th and Chestnut (Naked Philly) Inside This Manayunk Hardware Supply House? A Movie Palace (Hidden City [...]

  • thegreengrass

    Maybe Philly isn’t the super fat city people think it is?

  • Johndoe

    Great place for a pizzeria!!!!!

  • http://philadelphia.foobooz.com/2012/12/27/krispy-kreme-shuttering-center-city-location/ Krispy Kreme Shuttering Center City Location | Foobooz Philadelphia

    [...] writing has been on the wall for the 16th Street location since Naked Philly spotted that the space was listed back in July. No word on what might replace the doughnut [...]

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