New Apartment Building Will Bring Retail-Adjacent Residential Real Estate to the Main Line

The real estate trend of retail-residential proximity, having arealdy succeeded in Montgomery County — the King of Prussia Town Center/Village at Valley Forge, is one example — is being duplicated. Paul Schwedelson covered the coming of Coulter Place, Ardmore, in the Philadelphia Business Journal.

Coulter Place is a 131-apartment project adjacent to Suburban Square.

It is coming to fruition via the collaboration of Kimco Realty (Jericho, N.Y.) and Bozzuto Group (Greenbelt, Md.). The former is the Suburban Square owner; the latter is an apartment developer.

“I would call this the heart of the Main Line,” Bozzuto Senior Vice President Pete Sikora said. “You think of the Main Line, you think of Ardmore, you think of Suburban Square, and it’s where you want to be. It’s where you want to live, it’s where you want to go eat, shopping, work out, all the good stuff, and it’s right outside your front door of these new apartments.”

The $100-million project is the final phase of a Suburban Square refresh that has included upgrades to parking, open space, and mix of retailers.

Coulter Place will feature:

• 72 one-bedroom apartments
• 47 two-bedroom apartments
• 12 three-bedroom apartments
• Two outdoor courtyards
• Swimming pool
• Ground-floor retail

The $100-million project has a projected completion date of spring 2025.

More on Coulter Place is at the Philadelphia Business Journal.

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A walking tour of Suburban Square.