Real Estate
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QVC’s West Chester Studios to Welcome 11 HSN Hosts with 10 Departing
HSN has announced that eleven of its on-air hosts will relocate with the home shopping network to sister station QVC’s West Chester studios, while ten will depart, writes Jeff Blumenthal for the Philadelphia Business Journal. HSN posted on Facebook that Sarah Anderson, Debbie Denmon, Adam Freeman, Nicole Hickl, Tamara Hooks, Tina Jennings, Emily Lampa, Ty…
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Local Brewing Company Eyes West Chester for Possible Expansion
Local brewery Tired Hands Brewing Co. has its sights set on West Chester for a new brick-and-mortar location, writes Emma Dooling for the Philadelphia Business Journal. The brewery is currently undergoing a rebrand that includes introducing several new locations, expanding its food and drink menu, renovating interiors, and formally changing the name of the Ardmore…
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Mitchell Morgan Has a Full-Circle Moment at Temple Graduation
Mitchell Morgan, founder and CEO of Conshohocken’s Morgan Properties, shares his success story at Temple University’s 138th commencement, writes Sidney Rochnik for Temple News. Morgan earned both his undergraduate and law degrees at Temple. The University awarded him with an honorary Doctor of Humane Letters during the ceremony. Morgan closed the event with a heartfelt…
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Bryn Mawr Mansion is a $2.8M Castle in the Main Line
A stunning Bryn Mawr mansion blends Tudor elegance with brick grandeur, writes Lisa Dukart for the Philadelphia Inquirer. Listed at $2.795 million, the 6,164-square-foot residence at 1100 Green Valley Rd. offers a private, estate-like setting on nearly two acres in Lower Merion Township. From the moment you pass through the gated driveway, the home makes…
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Fort Washington’s Toll Brothers Sells Boston Apartments for $182M
Toll Brothers, based in Fort Washington, has sold The Kendrick, a 390-unit apartment complex near Boston, to Harbor Group International of Virginia for $182 million, write Grant Welker and Paul Schwedelson for the Philadelphia Business Journal. The development in Needham, ten miles west of Boston, was last assessed at $119 million. The luxury homebuilder purchased…
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First Bank House of the Week: Elegant Old Gulph Road Estate Hits Market in Gladwyne
Listed at $7.95 million, the stately estate at 26 Old Gulph Road in Gladwyne presents a rare opportunity to own a Main Line treasure that beautifully blends historic charm with modern sophistication. . . Originally built in 1920, this grand stone manor sits on nearly two private acres, This 8-bedroom, 10-bathroom mansion offers stunning architecture,…
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Home Prices Up 57 Percent In 2 Hot Delco ZIP Codes in First Quarter
The Wayne real estate market is on fire. Broomall is also hot, writes Joanne Drilling and Ryan Mulligan for the Philadelphia Business Journal. Wayne ranked as Philadelphia’s hottest housing market in Greater Philadelphia for the first quarter of the year, with average home sale prices up to $1.18 million. That’s based on the Journal’s analysis…
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Penn’s Purchase Across from Peddler’s Village to Shed ‘Eyesore’ Ghost Town Label, Set for Redevelopment
Penn’s Purchase, the long-vacant retail outlet center across from Peddler’s Village, is set to shed its “eyesore” ghost town label, with redevelopment finally on the horizon, writes Lacey Latch for the Bucks County Courier Times. For the project, old store buildings will be demolished and replaced with luxury housing and new retail spaces. The new…
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Mid-Century Home Designed by Richard Neutra Listed in King of Prussia for $2.5M
A striking mid-century home designed by renowned architect Richard Neutra is listed in King of Prussia for nearly $2.5 million, writes Ryan Mulligan for the Philadelphia Business Journal. The five-bedroom, three-bathroom home is surrounded by trees sits west of the Schuylkill Expressway. The King of Prussia Mall is just two miles away. The home is…
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Bozzuto Brings $100M Coulter Place Project to Life in Ardmore
Despite economic headwinds and rising development costs, Bozzuto is doubling down on the strength of Montgomery County’s rental market, writes Paul Schwedelson for the Philadelphia Business Journal. The real estate firm is preparing to open Coulter Place, a 131-unit luxury apartment community next to Ardmore’s Suburban Square, this fall. Pete Sikora, senior vice president at…
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Equus Capital Pays $73.1M for Lansdale’s Jacobs Woods Apartments
Equus Capital Partners has made a major investment in Lansdale, acquiring the 230-unit Jacobs Woods apartment complex for $73.1 million, writes Paul Schwedelson for Philadelphia Business Journal. The Newtown Square-based firm plans to invest another $5.8 million in renovations to the garden-style community, which spans 37 acres and features 33 townhome-style buildings. Each unit comes…
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First Bank House of the Week: Jenkintown Stone Colonial with Pool and Privacy Hits the Market for $1.4M
Tucked along a nearly private road in the desirable Jenkintown neighborhood, 1536 Warner Road is a stone Colonial that perfectly blends historic character with modern upgrades. Listed at $1,400,000, this four-bedroom, four-bath home offers 1.27 acres of lush landscaping, elegant outdoor spaces, and a resort-style pool retreat. . . Step inside to find rich hardwood…
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Philadelphia’s New Apartments Are Among the Smallest in the Nation, According to New Report
As the average size of new apartments are continuing to expand nationwide, some cities such as Philadelphia are an exception. Philadelphia has the 10th smallest average new apartment size in the nation, according to a new report by RentCafe. The report found that new Philadelphia apartments are an average of 759-square-feet, which is significantly lower…
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Real Estate Group Buys Up Suburbia Shopping Center in Pottstown for $27 Million
Suburbia Shopping Center in Pottstown recently sold to Lancaster-based High Real Estate Group for $27 million, writes Paul Schwedelson for the Philadelphia Business Journal. The 26-acre shopping center, located at 80 Glocker Way off Route 100, is anchored by a Giant grocery store, with other tenants including Dollar Tree, Starbucks, UPS Store, and Tower Health.…
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Buyers of Fishtown Property Unveil Conversion Plans After $1.7 Million Acquisition
The buyers of a Fishtown property, which has three buildings next to SEPTA’s Market-Frankford Line, plan to convert the existing hotel into apartments and replace two eateries with a New York-style deli, writes Emma Dooling for the Philadelphia Business Journal. Brothers Sam and Mohammed Abiah and other undisclosed investors paid $1.7 million for the site…
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Merion Building in King of Prussia Sold to Florida Real Estate Firm for $11.8M
The Merion Building in King of Prussia has been acquired by Florida-based Onicx Group for $11.8 million, marking the real estate firm’s first investment in the Philadelphia region, writes Paul Schwedelson for the Philadelphia Business Journal. Ilya Hvostikov, vice president of acquisitions for Onicx, called the building’s location on the northeast corner of South Gulph…
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Fort Washington’s Toll Brothers Debuts Stonemill Village in Downingtown
Fort Washington’s Toll Brothers has unveiled its latest offering: Stonemill Village in Downingtown, Chester County, according to Morningstar. Nestled in the acclaimed Downingtown Area School District, Stonemill Village will feature 89 two-story townhomes designed with ease and elegance in mind. Homes range from 1,825 to over 2,100 square feet, with 3 bedrooms, 2 to 3.5…
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First Bank House of the Week: Modern Gladwyne Home Offers Smart Design and Riverfront Living
Tucked along the scenic banks of the Schuylkill River, 310 River Road is a striking blend of contemporary design and effortless elegance. Listed at $2.19 million, this four-bedroom, three-bathroom residence in Gladwyne offers 4,000+ square feet of cutting-edge architecture and expansive views. . . Built by Rufo Properties and designed by Bissinger, this home is…
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