Construction
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Fort Washington-based Toll Brothers Delivers Almost 10,000 Homes in 2021 Due to New House Demand
Fort Washington-based homebuilders Toll Brothers is reportedly looking at 20% revenue growth for the 2022 fiscal year, writes Ken Martin of Fox Business. For the luxury construction company, quarterly earnings have gone up—while the initial expectation per share was $2.49, the adjusted earnings are now going at $3.02 per share. Their shares have gained 63%…
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McCarthy & Co., Borislow, Factor & Kaufmann Merging, Opening New Office in Blue Bell
Two Montgomery County accounting firms are set to join forces starting on January 1, writes Jeff Blumenthal for the Philadelphia Business Journal. Partners Jeffrey Factor, Kenneth Borislow and Daniel Kaufmann lead their team at Borislow, Factor & Kaufmann, LLC. McCarthy & Co., based in Lafayette Hill, will acquire Blue Bell-based Borislow Factor & Kaufmann for an undisclosed sum. The…
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Real Estate Developer Launches Town Center Transformation With First Walkable Village in Jenkintown
The Galman Group, a Jenkintown-based real estate developer and property management company, is launching a transformation of The Pavilion complex at 261 Old York Road to establish the Pavilion Town Center, the municipality’s first mixed-use walkable village that blends residential living with commercial sites. The rebranding and updates to the site include the recent addition…
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National Women’s Small Business Month Spotlight: Barbara Carranza and Michele Romero
It’s not every day you meet two women who are the owners of roofing companies, but twin sisters Barbara Carranza and Michele Romero have been in the roofing business since the early 2000s and have grown their businesses to be the go-to resource for homeowners in the Philadelphia suburbs. On the surface, their story of…
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Construction Beginning Soon on New Luxury Apartment Project in Conshohocken
Equus Capital Partners, Ltd., and USAA Real Estate have closed on a joint venture and first round of financing, clearing the way for construction to begin on 400 West Elm. The 348-unit, Class A apartment community is Conshohocken’s first ultra-luxury residential offering, with unparalleled views in a coveted location with top-notch amenities. “Conshohocken is in the beginning…
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ENR MidAtlantic Names US 422 Schuylkill River Bridge in Valley Forge One of Best Projects in 2021
ENR MidAtlantic has named the $96.6 million U.S. 422 Schuylkill River Bridge in Valley Forge as one of the best projects in 2021, according to a staff report from the ENR MidAtlantic. The project replaced the Schuylkill River bridge on Route 422 with a modern pre-stressed concrete beam bridge and widened and reconstructed one mile…
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Developer Wants to Build Apartment Community Along Riverfront on Conshohocken, Whitemarsh Border
A developer is proposing a new 598-unit apartment community that would be constructed along the riverfront on the border between Whitemarsh Township and the Borough of Conshohocken, writes Kevin Tierney for More Than The Curve. The project proposed by KRE Acquisition would have four buildings on two adjacent properties, the majority of which are in…
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AmerisourceBergen Exits Chesterbrook After Three Decades, Officially Opens Its New Conshohocken Headquarters
After thirty years in Chesterbrook, AmerisourceBergen has officially moved into its new headquarters in Conshohocken, writes Natalie Kostelni for the Philadelphia Business Journal. The 11-story office building is part of Sora West, Keystone Property Group’s $325 million mixed-use development that also includes a hotel and two restaurants. The Fortune 500 company has consolidated the corporate…
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Montgomery County Commissioners Break Ground on the Chester Valley Trail Extension in Upper Merion Township
The Montgomery County Commissioners joined with other local officials to break ground on the Chester Valley Trail Extension, a planned 3.8-mile extension of the Chester Valley Trail. When complete, the extension will link the existing 14.5-mile portion of the Chester Valley Trail, which currently runs from Exton to King of Prussia, to the Schuylkill River…
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Looking to Redo Your Kitchen on a Budget? Turn to the Team at Let’s Face It
When David Cerami started his kitchen and bathroom remodeling business 38 years ago, there was no such thing as cabinet refacing. Today, Let’s Face It is one of the most well-respected companies in the region, refacing hundreds of cabinets in the area each year. Homeowners choose Let’s Face It because they can give them a…
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Drop in Lumber Prices Provides Significant Relief for Fort Washington-based Luxury Homebuilder
The drop in lumber prices from their record high will serve as a tailwind for Fort Washington-based Toll Brothers in the face of other cost pressures, writes Matthew J. Belvedere for CNBC. “Lumber is down $40,000 a home,” said Doug Yearley, CEO of the luxury home builder. “We’re going to see the benefit of that…
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Fort Washington-based Toll Brothers Continues High Stakes Expansion with Acquisition of Las Vegas Homebuilder
Fort Washington-based Toll Brothers is continuing its national expansion with the acquisition of StoryBook Homes, a privately-held Las Vegas homebuilder, writes Jeff Blumenthal for the Philadelphia Business Journal. The luxury home builder stated that this deal bolsters its “strong market position in the dynamic Las Vegas housing market.” StoryBook was founded in 2003 and has…
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Hankin Group Starts Construction on Much-Anticipated Mixed-Use Community in Downingtown
Hankin Group has officially begun construction on the first phase of its latest community, River Station. The mixed-use, transit-oriented project will ultimately include more than 400 luxury apartments and 10,000 square feet of retail space and encompass the future site of the new Downingtown train station. It will also feature a pedestrian bridge connecting Johnsontown…
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Hamilton Lane Moves Into Conshohocken’s Recently Completed $112M Seven Tower Bridge
With the completion of the $112 million Seven Tower Bridge in Conshohocken, Hamilton Lane was able to move into its new headquarters three weeks ago, writes Natalie Kostelni for the Philadelphia Business Journal. The building was constructed by local firm Oliver Tyrone Pulver – which also developed One Tower Bridge in 1988 – in a…
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Keystone Property Group Wants to Redevelop Office Building Next to Plymouth Meeting Mall, Turn it Into Residential Building
Keystone Property Group has submitted a proposal to turn the office building next to Plymouth Meeting Mall into a residential building, writes Kevin Tierney for More Than The Curve. Keystone Property Group, which is the developer on SORA West in Conshohocken, presented its proposal during the council’s meeting on June 7. In 2015, the developer planned…
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Forbes: Owner of Hatfield’s Sequoia Supply Made His Bank a Key Resource in Business Growth
John Keller, founder of Sequoia Supply in Hatfield, ensured to make his bank a key resource in the growth of his business, writes Richard Sine for Forbes. Keller started the deck supply company in 1996 out of necessity. He owned a small construction company building decks and patios but was often frustrated by a lack…
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Fine Craftsmanship Lives On In Lower Merion Woman’s Sears ‘Kit’ Home
Despite the near disappearance of the once unmatched retail giant, build-it-yourself Sears ‘Kit’ homes are still cherished by their owners, including Judy Lieberman in Lower Merion, writes Kevin Riordan for The Philadelphia Inquirer. Sears used to offer close to 450 models of “kit” homes in its catalogs between 1908 and 1940. The mostly single-family detached…
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IMC Construction Sees Strong Demand, ‘Anticipates Significant Increase in Economic Activity’
For Malvern-based IMC Construction, demand has remained strong throughout the pandemic. Strong sectors included multifamily, industrial, and life sciences, writes Sharon Oliver for the Philadelphia Business Journal. The trend is likely to remain upbeat, according to Michael Lloyd, executive vice president of IMC Construction. “We anticipate a significant increase in economic activity as a result…
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