Montgomery Park Phase II taking shape at the site former Montgomery Hospital in Norristown

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Elon had negotiated an agreement of sale to purchase the hospital building and 3.7-acre site from Einstein Healthcare Network in 2014.

Memories of what once stood there at Powell and Fornance streets in Norristown are fading — slowly being displaced by visions of what will be the future as developer Elon Development Company, Inc., Allied Construction and property manager Altman Management Company team up to create the $13.1 million Montgomery Park Senior Housing Phase II.

The project comes four years after Montgomery Hospital building was demolished, and a year after the original Montgomery Park debuted with 50 apartments. The new four-story building, to be designed by Kramer and Marks Architects and constructed on the available vacant land, will mirror the completed building, with a slightly smaller presence, while housing 42 units, with on-site parking, laundry, community room and landscaping, writes Gary Puleo in

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“We’re building off the success of Phase I. Many of the approvals are already in place, but we are awaiting an announcement of an award for tax credits and funding from the Pennsylvania Housing Finance Agency in July,” said Francis Vargas, vice president of Fort Washington-based Elon Development.

“There is a tremendous need for affordable senior housing in this area,” Vargas said, “If we are awarded in July, we would hope to start construction in February 2020. We would take one year to build, and based on the interest in Phase I, we anticipate leasing within a couple of months after construction is complete.”

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