The partnership that purchased Lower Merion’s historic Charles C. Knox House in March has been given an extension by the township to decide on its plans for the property, writes Natalie Kostelni for Philadelphia Business Journal.
According to assistant director of planning with Lower Merion, Chris Leswing, the township will keep in place the current development plans for the property that were approved for the previous owner.
That plan included the construction of 16 new residences and the conversion of Knox House into an additional six residential units. However, “the new owner is under no obligation to take that on,” said Leswing.
The house, which was converted into an independent living facility in early 40s, has been closed for four years. It was put under agreement with Mac Brand of Main Line Adept two years ago, but the deal eventually fell through.
The new partnership, which includes Steve Metzman, acquired the property for $2.35 million after it was put back on the market. Metzman said that the most compelling option currently under consideration, is to move forward with the original and already approved development plans.
Read more about these development plans at Philadelphia Business Journal by clicking here.