Developer Federal Realty Investment Trust has been given approval for a second residential development to be included in its renovation of the former Lord & Taylor building in Bala Cynwyd, writes Zachary Russell for Chain Store Age.

Located between Belmont Avenue and Conshohocken State Road on City Avenue, Bala Cynwyd on City Avenue has recently been rebranded and updated.

This new residential building will add 217 residential units above 16,000 square feet of retail space.

Residents will be able to enjoy full amenities and lots of open space and outdoor seating. Plans include a rooftop patio, an interior courtyard with grill stations and fireplaces, and an outdoor pool.

“The addition of residential units and new retail revitalizes the east end of the shopping center, providing the residents and members of the community with enhanced placemaking and opportunities to shop, dine, and gather,” said Mark Brennan, VP of regional development at Federal Realty.

Construction is expected to begin in spring 2024.

“We are excited for the community and residents to enjoy the restaurants and shops in a space that promotes walkability and sustainability,” said Bryan Fenstermaker, president & CEO of City Avenue District.

Read more about Federal Realty Investments’ plans for Bala Cynwyd on City Avenue at Chain Store Age.

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