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Proposed Condo Development Stuns Business Owners on Philadelphia’s Jewelers Row

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Developer vows to respect the area’s history.

Jewelry store owners on Philadelphia’s famed Jewelers Row are stunned by a developer’s plans to demolish five buildings and build a 16-story condominium structure, the AP reports. The article says that no public hearings regarding the development have so far been held, because the developer isn’t seeking zoning changes. Dating to the 19th century, Jewelers Row is a block-long district that is the site of more than 300 jewelers, engravers, watch vendors and diamond dealers. It isn’t historically protected. The developer, Toll Brothers, says it plans to engage the community and build a structure that respects the area’s history.

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Celebrate Your Retirement with Wilkerson

For nearly three decades, Suzanne and Tom Arnold ran a successful business at Facets Fine Jewelry in Arlington, Va. But the time came when the Arnolds wanted to do some of the things you put off while you’ve got a business to run. “We decided it was time to retire,” says Suzanne, who claims the couple knew how to open a store, how to run a store but “didn’t know how to close a store.” So, they hired Wilkerson to do it for them. When she called, Suzanne says Wilkerson offered every option for the sale she could have hoped for. Better still, “the sale exceeded our financial goals like crazy,” she says. And customers came, not only to take advantage of the going-out-of-business buys and mark-downs, but to wish a bon voyage to the beloved proprietors of a neighborhood institution. “People were celebrating our retirement, and that was so special,” says says.

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