After a years-long run of residential real estate development in Conshohocken, the borough hasn’t saturated out. The ongoing market capacity continues to be borne out by new projects like the one High Street Residential and MetLife Investment Management have just finished there: Matson Mill. Jordana Rothberg, of Multi-Housing News, unlocked its details.

Construction of the 280-unit, five-story property started during the pandemic, but the developers managed to complete the $60 million project according to schedule. Architectural and design services were led by Hord Coplan Macht, while IMC Construction served as the general contractor. The property management and leasing will be overseen by Bozzuto Group.

The community is located at 101 Washington Street and comprises 317,740 square feet. It features studio, one-, and two-bedroom apartments ranging in size from 487 to 1,818 square feet. Preleasing started in May, according to Yardi Matrix data, and by July, 29 percent of units have already been preleased. To date, 49 percent of units, or 138 apartments, have been signed.

Most of the apartments have views of the Schuylkill River. The building also offers many amenities, including a club room, game room, lounge and conference area, and a fitness center, along with an outdoor kitchen and pool.

As a bonus, the newly completed complex is close to many bars, restaurants, and hiking trails.

Read more about Matson Mill in the Multi-Housing News.