Talks are on again for the redevelopment of the long-vacant Towamencin Shopping Village, but residents remain skeptical that any real progress will be made, writes Dan Sokil for The Reporter via Main Line Times & Suburban.
Developer Mark Nicoletti gave an update on the shopping center at a recent meeting announcing that Whole Foods has signed a lease agreement and Target a letter of intent if certain conditions are met.
The former Towamencin Village Shopping Center is located at the intersection of Forty Foot and Allentown roads.
Since the early 2010s, the developer Nicoletti and his firm PSDC have promised several plans to rejuvenate the property, but none of the plans were realized.
“We can talk about the setbacks we had with the pandemic, we can talk about setbacks we’ve had with higher interest rates. That doesn’t matter to you. You just want to see the shopping center come back. We are right at the precipice of seeing that happen,” Nicoletti said.
Resident Lori Morrissey said she was excited about the plans for the shopping center but remains skeptical.
“Mr. Nicoletti, and PSDC: Please come through. Please do what every other town around us is doing, and that’s providing the residents with places to go, and things to do,” she said.
Read more about the proposed redevelopment of the Towamencin Shopping Village in Main Line Times & Suburban.
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