Real Estate
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Kendal Corporation Leaving Kennett Square for Delaware. Here’s Why
The Kendal Corporation plans to leave Kennett Square and relocate its headquarters to the new FinTech building on the STAR (Science, Technology, and Advanced Research) Campus of the University of Delaware. The nonprofit is a senior-housing advocate. Matt Hooke boxed up the migration’s motivators for the Newark Post. According to CEO Sean Kelly, one of…
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Apartment Complex Being Built on Swedesford Road Offers Perks for Renters as Well as Tredyffrin Residents
A lot is happening on Swedesford Road in Tredyffrin Township, writes Caroline O’Halloran for SAVVY Main Line. The construction of the still-unnamed, 250-unit apartment complex is progressing well, with the old HH Gregg building already out of the picture and work starting on its replacement. Bozzuto Development is “currently targeting” a spring/summer 2023 opening for…
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Montgomery County Tenants Seek & Willingly Pay For Apartment Upgrades of Dog Parks, Soundproof Walls, and Fitness Centers
As new communities continue to be added throughout Montgomery County, developers are trying to decide which apartment upgrades they need to include to best attract renters, writes Michaelle Bond for The Philadelphia Inquirer. According to a new survey from the National Multifamily Housing Council and Grace Hill, preferences among renters in the Philadelphia area mostly…
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Capano Residential’s Dual Apartment Projects Light More Fuses in Phoenixville Real Estate Boom
Wilmington-based Capano Residential is developing two apartment projects totaling $70 million in Phoenixville. The projects mark the firm’s entry into the Pa. multifamily market, writes Natalie Kostelni for the Philadelphia Business Journal. Nearby Chester County’s Phoenixville has experienced a surge in apartment development in the past five years, with 724 new apartments coming online and…
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Gorgeous Four-Bedroom Home with Tons of Charm for Sale in Blue Bell
Jen and Mark Driscoll, along with their infant daughter, first bought the four-bedroom, 2 ½ bath Colonial in Blue Bell in 2014 as a way to move from Conshohocken to the area where Jen had grown up. Now several years and many renovations later, the family is moving again to their dream home in Lower…
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With Unmatched Infrastructure, This Former Bank in West Chester Ready for the Borough’s Next Great Restaurant
Pillar Real Estate Advisors has listed a unique property, the future location of a restaurant that will be in a class of its own, in downtown West Chester. Formerly the prestigious First National Bank of West Chester, this 14,000-square-foot space offers unmatched opportunity. It features multiple levels, the grandiose ceiling height in the main room, large brick…
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Malvern Bank House of the Week: Charming English Tudor Home in Wynnewood Offers a Commanding Presence
A charming English Tudor home nestled on a gorgeous 0.69-acre parcel with six bedrooms and four full and two half bathrooms is available for sale in Wynnewood. The 1920 residence exudes class and boasts fantastic upgrades and fixtures. The approach is along a gated driveway and through a lovely classic cobblestone courtyard. Inside, the many…
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Fort Washington-based Toll Brothers Unveils Plans for Its First 55+ Community in Washington State
Fort Washington-based Toll Brothers has unveiled plans to build its first Regency 55+ active-adult community in the Pacific Northwest, Regency at Ten Trails. The nation’s leading builder of luxury homes will open the community of 403 single-level homes set in South King County in Washington state for pre-sales in February. Regency at Ten Trails will…
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Montgomery County’s Suburban Office Market Wraps Up 2021 With Strongest Q4 in Two Years
The suburban office market ended 2021 with one of the strongest quarters for the past two years, which helped further stabilize it. Natalie Kostelni unlocked the performance metrics for the Philadelphia Business Journal. “Clients are looking at taking less space and investing more in that space,” said Les Haggett of CBRE Group, the Dallas, Texas…
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Target-leased Upper Merion Warehouse Gets Scooped Up by Boston CRE Firm, Plus Buys 80 Acres in Langhorne
The area’s commercial real estate status shifted twice recently, as Boston’s Novaya Foxfield sold a warehouse in Upper Merion leased to the Target Corp. and bought a plot in Langhorne. Natalie Kostelni mapped the activity for the Philadelphia Business Journal. The 900 River Road transaction in Upper Merion divested Novaya Foxfield of its first CRE…
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Malvern Bank House of the Week: Magnificent Historic Farmhouse Perfectly Blends Old-World Charm and Modern Amenities in North Wales
A magnificent historic farmhouse nestled on 3.54 beautiful acres with five bedrooms and three full and two half bathrooms is available for sale in North Wales. The three-story fieldstone residence was constructed in 1738 and perfectly blends old-world charm with modern amenities. The beautiful home is the focus of the exclusive Foxtail Farm subdivision. It…
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Developer J. Brian O’Neill Acquires Willistown’s Rock Hill Farm for $25M
Rockhill Farm Acquisitions, an entity affiliated with developer J. Brian O’Neill, has acquired the 246-acre Rock Hill Farm in Willistown for $25.48 million. Natalie Kostelni plotted the particulars for the Philadelphia Business Journal. The property, located at 2320 S. Valley Road and 185 Grubb Road, was sold by owner Ruth M. Colket. She and her…
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Struggling Montco Homeowners Can Apply for Financial Help to Avoid Losing Their Homes
Starting February 1, Pennsylvania homeowners who are struggling due to the pandemic can apply for federal assistance to keep them from losing their homes, writes Michaelle Bond for The Philadelphia Inquirer. Pennsylvania has received $350 million through the federal Homeowner Assistance Fund under the American Rescue Plan Act. The resource is heading to the Pennsylvania…
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Plan to Subdivide Linden Hill Gets Green Light from Lower Merion Board of Commissioners
Lower Merion Board of Commissioners has given the green light to a tentative sketch plan that would divide one of Lower Merion’s last estate properties into five plots, writes Richard Ilgenfritz for the Daily Times. Linden Hill, as the Gladwyne estate has been called by its current owner Robert Burch in recent years, was previously…
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Couple Who Put a Lot of Themselves Into Drexel Hill Tudor Move for the Last Time
The Sabatinis, Joe and his wife Danielle, have put so much effort into their Haverford home that when they move soon to Chester County, it will be their last home, writes Paul Jablow for The Philadelphia Inquirer. The couple bought their corner property in the Pilgrim Gardens section of Haverford in 2018 after renting in…
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Supermarket Sweep: Conshohocken’s Carlino Development Reaches Settlement with East Brandywine Grocers
Last month, the East Brandywine board of supervisors approved a controversial agreement to settle a portion of litigation involving a longstanding dispute between grocers. Natalie Kostelni reported the peacemaking moves for the Philadelphia Business Journal. Since 2010, the Carlino Commercial Development, based in Conshohocken, has been attempting to build a grocery-anchored shopping center on a…
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Upper Gwynedd Battles Over Last Large Undeveloped Parcel of Land
Last fall, Upper Gwynedd was prepared to deploy eminent domain in order to acquire Martin Tract – a nearly 33-acre parcel that remains Montgomery County’s largest undeveloped property, writes Kevin Riordan for The Philadelphia Inquirer. However, a well-organized and unexpected opposition campaign involving the owner of the parcel as well as other local residents, politicians,…
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Montgomery County-area Homeowners Quickly Building Wealth in Current Housing Market
While aspiring buyers are finding the current housing market challenging around Montgomery County, homeowners are enjoying the increasing values of their homes, writes Michaelle Bond for The Philadelphia Inquirer. For the majority of families, owning property is currently the primary way to build wealth. In the Philadelphia metropolitan area and around the collar counties, a…
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