Real Estate
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Newtown’s Relic on State Closed. Owner Discusses Plans for New Restaurant
Relic on State, the New York City-style steakhouse and upscale bar, closed its doors unexpectedly in Newtown at the end of June, but building owner Scott Hendrickson is already working to bring a new restaurant into the historic space, writes Jeff Werner for the Patch. Veteran restaurateur Greg Conlon opened Relic in 2020 after investing…
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Newtown’s Relic on State Closed. Owner Discusses Plans for New Restaurant
Relic on State, the New York City-style steakhouse and upscale bar, closed its doors unexpectedly in Newtown at the end of June, but building owner Scott Hendrickson is already working to bring a new restaurant into the historic space, writes Jeff Werner for the Patch. Veteran restaurateur Greg Conlon opened Relic in 2020 after investing…
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2 Delaware County Towns Among 10 Hottest Housing Markets in Region
Two Delaware County communities are among the 10 hottest housing markets right now in the Greater Philadelphia Area, writes Ryan Mulligan for the Philadelphia Business Journal. Housing prices have hit a new high in the region, with a typical home price in Greater Philadelphia reaching $416,000 in June. Swarthmore Borough and Chadds Ford were among the…
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Parkway Corp. Purchases Two Parking Lots Near Rittenhouse Square in $4M Deal
Philadelphia developer Parkway Corporation recently acquired two parking lots on Chestnut Street near Rittenhouse Square for $4 million, writes Paul Schwedelson for the Philadelphia Business Journal. The two parking lots total about 12,000 square feet. While Parkway Corp. doesn’t have any immediate plans for development on the sites, CEO Rob Zuritsky said the firm plans…
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First Bank House of the Week: Inside a Custom-Built Gem in Jenkintown’s Premier Gated Enclave
Step into timeless elegance in the heart of Rydal Green. Listed at $1,385,000, this exquisite custom Gigliotti-built estate blends refined architectural craftsmanship with everyday comfort. . . Located in a sought-after gated community, the home welcomes you with a soaring two-story foyer and a dramatic turned staircase. Rich hardwood floors, extensive custom millwork, and a…
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Herr’s Plans to Sell 123 Acres of East Nottingham Land for “Herr’s Farm” Project
Nottingham-based snack company Herr’s plans to sell over one hundred acres of Nottingham land for the new Herr’s Farm project, writes Emma Dooling for Philadelphia Business Journal. The company has owned the 123-acre stretch of land since 1994. The sale is currently under agreement with E Kahn Development in Malvern. Referred to as the Herr’s…
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Luxury, French-Inspired Newtown Mansion Hits Market for $5.99M
A luxurious, French-inspired home built in 2010 with a resort-like pool area has recently hit the market in Newtown for $5.99 million, writes Ryan Mulligan for the Philadelphia Business Journal. The 10,500-square-foot residence, designed by Ralph C. Fey Architects and built by Zaveta Custom Homes, features six bedrooms and nine bathrooms. The home is tucked…
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OCF Realty House of the Week: Guidi-Built Dream Home in Lower Gwynedd
Welcome to your dream home! This exceptional Guidi custom-built estate, a luxurious 6-bedroom, 5.2-bath residence nestled on a stunning double lot spanning over 2 acres in one of Lower Gwynedd’s most coveted neighborhoods, Polo Club Estates. This extraordinary home exemplifies refined elegance, beginning with a professionally landscaped grand entrance, a circular driveway, new roof and…
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Abrams Realty Submits Revised Exton Square Mall Plans Reflecting Community Feedback
Abrams Realty & Development recently submitted revised plans for the Exton Square Mall site project in West Whiteland, with feedback from officials and residents, writes Andrew Seidman for The Philadelphia Inquirer. The original plans for 376 rental apartments and 243 for-sale townhouses now include the removal of 73 proposed townhouses, the addition of a luxury…
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Fort Washington-Based Toll Brothers Promotes SVP Gregg Ziegler to CFO
Fort Washington-based Toll Brothers is promoting Gregg Ziegler, senior vice president of investor relations and treasurer, to chief financial officer, writes Paul Schwedelson for the Philadelphia Business Journal. Ziegler, who will succeed Marty Connor at the end of October, has been with the company for 23 years. Connor will remain with the company as a…
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Comcast and 76ers Team Up to Purchase Market East Buildings, Eyes Revitalizing Struggling Corridor
Comcast and the Philadelphia 76ers are no strangers to working together, and their latest partnership is part of an effort to revitalize the struggling Market East corridor in Center City, writes Aaron Moselle for WHYY. The two entities recently got together to acquire the 920-938 Market Street and 1000-1024 Market Street properties, respectively. According to…
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Toll Brothers’ Collegeville Homes to be Among Largest in Philadelphia Region
Toll Brothers, the Fort Washington-based luxury homebuilder, is developing 55 high-end homes on 57 acres in Collegeville, reports Paul Schwedelson for the Philadelphia Business Journal. This upscale community is situated at 4037 MacCormack Way between Evansburg State Park and Ursinus College. It will feature single-family estate homes ranging from 3,500 to over 4,650 square feet.…
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Wynnewood’s Merion Realty Buys $82M in Upstate NY Apartment Complexes
Wynnewood’s Merion Realty Partners is stretching its reach northward, writes Mike DeMasi for the Philadelphia Business Journal. The investment firm recently acquired two apartment complexes in Saratoga County, New York, for a combined $82.4 million, marking its first foray into the Albany and Hudson Valley markets. The deal includes 468-unit Fox Run Apartments in Clifton…
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First Bank House of the Week: Gladwyne Home with Wine Cellar, Great Room, and Top Schools
Tucked into one acre of secluded natural beauty, 922 Merion Square Road in Gladwyne is now on the market for $1,595,000. This expanded Contemporary Cape offers a rare combination of privacy, walkability, and architectural charm just steps from the village center. . . Inside, the home radiates warmth and sophistication. The main level boasts a…
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‘Exploding Offer’ on Wynnewood Home Underscores Unrelenting Market Heat
While housing markets in some parts of the country are finally starting to cool, Montgomery County is only getting hotter, with homes frequently selling before they even get listed publicly, writes Ryan Mulligan for the Philadelphia Business Journal. Robin Gordon of Berkshire Hathaway HomeServices and her team, the Robin Gordon Group, kicked off the year…
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Redevelopment of Former Levittown School Could Bring 89 Residential Units
The ten-acre former site of Abraham Lincoln Elementary School in Levittown could soon be developed into 89 age-qualified residential units, writes Lacey Latch for the Bucks County Courier Times. Bristol Township’s planning commission has already recommended approval of the developer’s plan for a combination of senior apartments and senior flats. Three months on, the project…
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Aronimink Golf Club Mansion for Sale Ahead of PGA Tournament
A 2-acre Aronimink Golf Club mansion in Newtown Square is for sale at $2.899 million, just in time for the 2026 PGA Tournament. The 10,000 square-foot home sits just off the 4th hole fairway of the Donald Ross-designed course, writes Ryan Mulligan for the Philadelphia Business Journal. Aronimink is hosting the 2026 PGA Championship in…
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Financing from Firstrust Bank Fuels Ambitious Riverfront Vision at Conshohocken’s River Place
River Place, a 62-unit townhouse community taking shape along the Schuylkill River in Conshohocken, is transforming a previously underused stretch of Washington Street. And nearby Firstrust Bank, with its headquarters just a stone’s throw away, has been instrumental in making it happen. Firstrust provided the construction financing for the project, continuing a relationship with the…
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