Real Estate
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Malvern Bank House of the Week: A Wyncote Estate — Once a Dairy Barn — That Elicits a ‘Holy Cow’
The real-estate listing of 7925 Washington Lane, Wyncote, is truly one of historic proportions. The property, once called the Ronaele Estate, is: The home has 41 rooms overall, including six bedrooms, seven bathrooms, a media room, and a great room. Despite this property’s high-brow pedigree, however, design changes over the years have ensured that it…
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Montgomery County Leadership: Richard Gottlieb, President and COO, Keystone Development + Investment
Richard Gottlieb, President and COO at Keystone Development + Investment, spoke with MONTCO Today about growing up in Northeast Philadelphia, moving to Cherry Hill as a boy, attending Drexel, and how a relative introduced him to the commercial real estate business after college. He shared Keystone’s plans for the new SORA West development in Conshohocken,…
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Malvern Bank House of the Week: Rare Shot at a Renown Architect Philip D. Kunz–Designed Harleysville Home
1725 Quail Ridge Lane, Harleysville, has an incredible pedigree. Its architect is Philip D. Kunz, the Collingswood, N.J. creative force behind commercial projects that include: But his residential skills are nonetheless impressive. The first floor of this four-bedroom, 2.5-bath, 5,146-sq.-ft. beauty is the very definition of the power of natural elements in an open concept.…
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Retiring Bryn Mawr Condo Owners Sell, Seek to Stay Close to ‘The Most Beautiful Place We’ve Ever Lived’
As a college administrator, Terry Shepard led a nomadic existence. He and wife Debra Thomas have lived in California, Texas, and Maryland. But while he was at Bryn Mawr College they nestled into a community that Shepard called “…the most beautiful place we’ve ever lived.” As Shepherd now prepares to retire, the condo is up…
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Former Kennedy-Kenrick High School Site: Out with Lockers/Lunch Rooms, In with Lawns/Living Rooms
The years-long effort to repurpose the Norristown real estate that once housed Kennedy-Kenrick High School has received preliminary approval of its progress. Justin Heinze did the deed of reporting the advances in the Norristown Patch. The latest round of tentative, green-lit details occurred Sept. 20, when Norristown’s Municipal Council agreed to the project’s associated resolution.…
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Bidding Battles Are Hot in the Main Line, Despite Nationwide Cooling
In the age of inflation and imminent recession, it’s no wonder why the housing market is tanking. But the Philadelphia metro area is an oasis in the otherwise dismal arena. It’s the only area to see an increase in bidding battles, writes Ryan Mulligan for the Philadelphia Business Journal. The Main Line specifically is…
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Malvern Bank House of the Week: Glenside Stone Home with a Turret for Those Who Prefer It
The three-story charmer at 7816 Conwell Road, Glenside, is the perfect antidote for house hunters tired of viewing cookie-cutter homes in bland developments with a half-dozen hastily plopped plantings wilting in the front yard. This unique stone home, built in 1930, is three floors of character and class, nested on a quarter-acre lot with plenty…
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Price Tag for Montgomeryville’s Airport Square Soars to $82M for New York Firm
Airport Square in Montgomeryville is home to popular retailers like TJ Maxx, Marshall’s, Homegoods and Michael’s. It also includes fast-food chains such as Chipotle and Shake Shack. The nearly 300,000-sq.-ft. property sits at 801 Bethlehem Pike, across from the Montgomery Mall. And now, the bustling strip is being acquired for a sumptuous purchase of $82.5 million.…
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Black Rock Students Get State-of-the-Art Educational Setting
Named as a tribute to the Lenni Lenape indigenous tribe, Black Rock Middle School is no small project. This $90-million building, originally proposed in 2016, began construction in August 2020. Now, it’s opening its doors to 1,100 fifth through eighth graders, writes Michael Bradley for Main Line Today. The 208,000 square foot school is…
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Reggie Jackson’s Boyhood Home Could Well Be Out in Wyncote, Turned into a Parking Lot
A run-down two-story building is covered in vines along Greenwood Avenue in Wyncote. Despite its unassuming appearance, the abandoned house has quite a history. It’s where Baseball Hall of Famer Reggie Jackson spent his childhood. But purchasers of the property may soon turn it into a parking lot, writes Marina Affo for The Philadelphia Inquirer.…
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Malvern Bank House of the Week: A Willow Grove Site in Which to Practice for Food Nework’s BBQ Brawl
Fledgling flame masters looking for a spot to hone their barbecue skills, perhaps in training for a spot on Food Network’s BBQ Brawl, might want to consider 3545 Welsh Road, Willow Grove. The four-bedroom, two-and-one-half bathroom home was constructed in 1956 but has been meticulously maintained over the years and benefited from extensive renovations. Stepping…
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Local Rental Market Remains Highly Competitive: Patience and Diligence Continue to Be Key
The Phila. suburban rental market is among the most competitive in the nation, despite the fact that prices have risen significantly due to the high demand. Ryan Mulligan unlocked the particulars in the Philadelphia Business Journal. To determine the most competitive markets, RentCafe looked at: How long rentals were vacant Percentage of occupied apartments Number…
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For Sale — Cute Penthouse, Central Park View, Spiral Staircase, a Steal at a Quarter-Billion Dollars
At $250 million, the penthouse at New York’s Central Park Tower — a triplex positioned at a height of over 1,400 feet — is the most expensive listing in the U.S., writes Katherine Clarke for The Wall Street Journal. If it manages to sell for its asking price, it will become the highest-price residential real…
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Philadelphia Among Top Cities Nationwide for Live-Work-Play Apartments
With 8,000 mixed-use residences added between 2012 and 2021, Philadelphia is among the top cities in the nation for live-work-play apartments, writes Mike D’Onofrio for Axios. The housing trend term describes a community that: These units account for close to 40 percent of apartments built in Philadelphia over the past nine years. That rate of…
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Willow Grove Park — Having Survived the Pandemic — Moves Forward in Restoring Amusement Experience to Retail Site
The ambitious plans to restore a sense of fun and escape to Willow Grove Park — once an active leisure destination in Southeastern Pa. — are moving along, if not at the speed of a roller coaster, at least with the swiftness of a carousel horse. The Return of Amusement In October of last year,…
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Philadelphia Real Estate Agency Reveals Two Montco Primo Residential Properties under $500k
Houwzer, a Phila.-based real estate agency, sought to find out what standout local properties new home purchasers could call their own on a $500k budget or less. The result of its analysis yielded five possibilities across the region, including two in Montgomery County. One listing is at 421 East 11th Avenue, Conshohocken. It’s a four-bedroom,…
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Summer Residential Real Estate Trends: Do Price-Tags’ Drop Indicate a Market Bubble Pop?
Home sellers nationwide — and in the Phila. collar counties — started dropping asking prices in July, perhaps signaling the pop of a market bubble that has inflated wildly for more than a year. Dana Anderson, of Redfin, unlocked what might be notable changes in the market. Buyers have become increasingly hesitant to pay sky-high…
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Lower Merion’s Dolobran Estate, Created for RMS Titanic’s Commissioning Executive, on Sale for $3.3M
The Dolobran Estate in Haverford, designed by the renowned Victoria-era architect Frank Furness for Clement A. Griscom, a shipping magnate associated with the Titanic, is on the market for $3.295 million, writes Ryan Mulligan for the Philadelphia Business Journal. The seven-bedroom, nine-bathroom home is located at 231 Laurel Lane, Haverford. It was built in 1881…
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