Dranoff Properties’ Main Line development finally rising
After years of legal battles a development along the Main Line is finally taking shape. The final result is a development that may just fit in after all.
A prolonged legal battle that embroiled public officials, a developer and residents in Philadelphia’s Main Line has ended not with a bang, or a whimper, but with the rumble of a construction truck, writes Katie Park for phillynews.com.
Two years after Pennsylvania’s Supreme Court ended a decade-long campaign of opposition by residents of Ardmore to block a major redevelopment project, One Ardmore Place is rising from the parking lot that had become the epicenter of this suburban development struggle. It turns out – to some – that maybe this grand idea didn’t need to have so much of the town on edge, after all.
Other residents and business owners wary of over-development are unmoved and cling tighter to their beloved town. It’s a place where some mom-and-pop businesses don’t open on Monday after a busy weekend and employees wonder about the well-being of their regular customers if they haven’t shown up in a while.
With Philadelphia-based Dranoff Properties at the helm, construction began on the 282,000-square-foot project in March 2017. It is expected to be finished in early 2019. Then it will be sold to Denver-based Apartment Investment & Management Co., or Aimco, along with more real estate that Dranoff Properties owns in and around Philadelphia.
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