As has been speculated in some of the comment areas as well as the Forums , Starbucks will not be opening up in the old Fountain Inn. --- The international coffee roaster and retailer has withdrawn from its agreement with Pineville Properties LLC, the developer of the planned Starbucks/Walgreens corner at Nutt Road and Bridge Street. ... The company's Phoenixville plans fell through as a consequence of the same corporate pressures that led to the announcement by the company July 1 that it would be closing some 600 stores nationwide. Included in those closings, scheduled through the last half of this year and into the first quarter of 2009, are 21 stores in Pennsylvania, from Plymouth Meeting to Pittsburgh. --- The owner of the property, Pineville Properties LLC, is currently in the process of finding a new tenant. For more, including information on the opening of the Walgreens which shares a parking lot with the former Fountain Inn, see today's article in the Phoenix .