Real Estate
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Another Montgomery County Farm Permanently Preserved
Montgomery County has added another farm to its growing list of permanently preserved farm properties. The Mashintonio #2 Farm was preserved on June 1. This 90-acre grain farm is located on Hoffmansville Road in New Hanover Township. This newest farm brings the total to 159 farms and 9,351 acres preserved under the Montgomery County Agricultural…
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No End in Sight on Litigation Surrounding St. Charles Borromeo Seminary Campus
Last week’s decision by a federal judge to deny summary judgment in the St. Charles Borromeo Seminary campus case may postpone the Archdiocese of Philadelphia’s plan to sell the property, writes Harold Brubaker for Philly.com. The fight over the Lower Merion Township property is between Main Line Health and New Jersey developer William Burris. Burris…
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Wynnewood Residents Cite WWII Era Agreement to Prevent Construction on Preservation Site
Lower Merion Township residents and preservationists are citing a WWII era agreement to try and stop development on an idyllic Wynnewood preservation site, writes Alison Burdo for Philadelphia Business Journal. The plan for two single-family houses at 6 Gulph Road was approved by the Lower Merion Planning Commission earlier this week. However, both neighbors and…
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Keystone Property Group Gets Green Light for Ambitious Conshohocken Project
Keystone Property Group is bringing an ambitious new development project to Conshohocken, writes Matthew Rothstein for Bisnow. The company, which has its corporate headquarters in Conshohocken, has been given approval for a multifaceted development next to the town’s SEPTA train station. The project includes a 250,000-square-foot office building and a hotel with 171 rooms that…
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All But Home Values on the Move in Philly Suburbs
Life is moving forward all across the Philly suburbs, but homeowners are struggling to move with it. Despite countywide population growth, abundant new developments like in King of Prussia and successfully redesigned downtowns in Ardmore and Media, the median value of all suburban homes — sold and unsold — is down 19 percent while homes…
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Ardmore’s Suburban Square Embracing Lifestyle Concept
Faced with mounting competition from King of Prussia and Center City, Ardmore’s Suburban Square is evolving from being just another a retail center into one that embraces a lifestyle concept, writes Richard Ilgenfritz for Main Line Times. “When we acquired the asset, the retail environment was a little bit different around Philadelphia,” said Tom Simmons,…
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Conshohocken Brewing Company to Expand into Delaware and Chester Counties
Montgomery County’s Conshohocken Brewing Company is expanding its operations into both Delaware and Chester Counties with new locations planned to open in Havertown and Phoenixville later this year, writes Alison Burdo for Philadelphia Business Journal. The Havertown location will take over the space on the corner of Darby Road and Benedict Avenue which used to…
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House of the Week: Fabulous Stately Home in Wyndmoor
A stunning four-bedroom and six-bathroom stately home designed and custom-built by Mark Asher is available for sale in Wyndmoor. Located in one of the town’s most coveted side streets, the house stands out due to its high quality of craftsmanship. Visitors are greeted by its grand two-story entry foyer that features gorgeous woodwork and moldings.…
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House of the Week: Gorgeous French Normandy Home in Huntingdon Valley
A gorgeous French Normandy stone house custom built seven years ago by a third generation local builder is available for sale. The property is set on five secluded acres surrounded by hundreds of trees adjacent to more than 800 acres that are preserved by the Pennypack Ecological Restoration Trust. The entrance to this stunning five-bedroom,…
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Where Are The Best Places to Buy a Home in Montgomery County?
Spring is here, and with the change in season, people often take some time to consider the benefits of moving into a new home, according to a staff report for Philadelphia Business Journal. To help with this, Niche.com has a compiled a list of the best places to make your home in Montgomery County. It…
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New Owner Focuses on Carefully Bringing King of Prussia Town Center to Full Occupancy
Following its purchase of King of Prussia Town Center for $183 million, CBRE Global Investors is focusing on filling the remaining vacant space with tenants who will complement the overall consumer experience, writes Natalie Kostelni for Philadelphia Business Journal. This process has been made easier as its popularity means that potential tenants are lining up…
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GSK Campus in Upper Merion Under Agreement with O’Neill Properties Group
GlaxoSmithKline’s West Campus in Upper Merion has been put under agreement by developer O’Neill Properties Group, write Natalie Kostelni and John George for Philadelphia Business Journal. The forty-three buildings that cover close to 2.2 million-square-feet of office, lab, and warehouse space are at 709 Swedeland Road. Three years ago GSK announced that it was planning…
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Owners Given More Time to Decide on Development Plans for Historic Knox House
The partnership that purchased Lower Merion’s historic Charles C. Knox House in March has been given an extension by the township to decide on its plans for the property, writes Natalie Kostelni for Philadelphia Business Journal. According to assistant director of planning with Lower Merion, Chris Leswing, the township will keep in place the current…
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House of the Week: Mid-Century Modern Masterpiece in Huntingdon Valley
“Pitcairn House,” a masterpiece from esteemed architect Richard Neutra built half a century ago, is up for sale. This gorgeous house, which took around three years to build, encompasses all of the best elements of Mid-Century Modern homes. Neutra also made sure to carefully balance harmony with nature, while incorporating his signature style. The six-bedroom…
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Which Montco Locale Ranks Among the Top 10 Best Places to Live in America?
Niche.com has released its 2017 List of the Best Places to Live in America, and out of the more than 15,000 towns and neighborhoods in the United States, a Montgomery County locale came in ninth place. According to the rankings – which account for crime, public schools, cost of living, job opportunities, and local amenities…
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House of the Week: Stunning Brick Colonial Home in Haverford
An over a century old elegant brick colonial house with nine bedrooms and four full baths is up for sale in Haverford. Both the exterior and the interior of this beautiful home show that they truly do not make houses like this anymore. With lovingly finished hardwood floors and unique architectural features, this property is…
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Montco Housing Market Surges; Median Sales Price Increases 2.9 Percent from Prior Year
The latest report on housing prices in Montgomery County provides a strong argument that the housing market has recovered from the housing bubble that began to burst in 2007. The report, released by the Montgomery County Planning Commission, shows that the overall median sales price of $278,500 reflected an increase of 2.9 percent in 2016.…
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King of Prussia District to Hold Ribbon-Cutting for Phase One of Revitalized Business Park
On Wednesday, May 17 at 11 AM, the King of Prussia District (KOP-BID) will gather local officials, industry partners, and members of the community for a ribbon-cutting ceremony to officially open Phase One of THE PARK at 650 Park Avenue in King of Prussia. THE PARK is a 450-Foot Linear Park Demonstration Project, located in…
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