The new store, located in Morgan Hall North, sells only Under Armour gear.
Trustees said more information is necessary before they make decisions about an on-campus stadium.
The former William Penn High School building will be turned into an athletic and job-training facility, per Temple's master plan.
Added to the lease while the university evaluates the feasibility of an on-campus stadium, the two consecutive one-year options mean the Owls could play at Lincoln Financial Field in 2018 and 2019.
Bill No. 150498 looks to provide more structure concerning Temple's food trucks.
About $2.75 million was spent on a new café and bookstore, along with improvements throughout the building.
Summer construction on the $2 million project will change the space on Liacouras Walk near Wachman Hall.
The National Campus Leadership Council came to Temple on Thursday.
The much-discussed robotic retrieval system will allow most historic information to be housed on Main Campus, instead of off-site.
The dorm will become an apartment complex this summer.