Residential Development
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Developer Presents Plans for 329 Apartments in West Chester
The Michaels Organization, based in Camden, New Jersey, and Core Development recently presented plans to West Chester Borough Council to build 329 apartment units across from borough hall, writes Bill Rettew for The Daily Local News. The Gay Street Gateway sits within a Commercial Service District zoning district. According to attorney Brian Nagle, who represents…
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Upper Dublin’s $600M Legacy Project: 600 Apartments and More on Welsh Road
A Dresher-based developer looks to build their ‘legacy property’ next to Dresher’s Promenade in Upper Dublin, reports Paul Schwedelson for the Philadelphia Business Journal. The proposed project will replace the former Prudential Insurance Company property. Developers BET Investments plan to build 600 apartments along with townhomes, hotels, senior assisted living homes, stores and restaurants on…
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Development of New Homes Underway on Grounds of Philmont Country Club
After receiving all the required approvals, the development of 176 new townhouse units on the grounds of the Philmont Country Club in Lower Moreland Township has begun, writes Ryan Genova for the Glenside Local. The plan envisioned an active adult housing community on the site of the closed South Course. The private club has two…
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Ironworks at Pencoyd Landing Expands with The Pump House Event Venue
Ironworks at Pencoyd Landing in Bala Cynwyd is home to a new, 12,000-square-foot event venue with a food program from acclaimed chef Nick Elmi, writes Ariana Perez-Castells for The Philadelphia Inquirer. The Pump House is the latest project from Elmi, restaurateur and designer Fia Berisha, and cofounder of Penn Group Donna Galvin. Ironworks at Pencoyd…
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Lower Merion’s City Avenue Shifts to Walkable Living
The landscape along City Avenue, marking the border between Philadelphia and Lower Merion Township, is undergoing a significant transformation, writes Jake Blumgart for The Philadelphia Inquirer. What was once a congested, auto-oriented thoroughfare dominated by strip malls and office towers is now poised for a shift towards walkability and mixed-use development. Lower Merion Township,…
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Builder Toll Brothers Buys 22-Acre Site in Downingtown with Plans for Development
Toll Brothers has purchased a 22-acre site in Downingtown with plans to construct 89 townhouses on the property, writes Paul Schwedelson for the Philadelphia Business Journal. The Fort Washington-based homebuilder bought the parcels at 1130 and 1136 Horseshoe Pike from ELU Planebrook Guthriesville for $6.23 million. The property is located two miles from Route 30…
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New West Chester Restaurant Opens, with Rooftop Section Coming Soon
Ryan and Lisa Diehl, founders of Hatfield brewery Imprint Beer, debuted Serum Kitchen and Taphouse in downtown West Chester last month, writes Emma Dooling for the Philadelphia Business Journal. A rooftop section of the two-story restaurant is expected to open later this spring. The space the restaurant occupies was previously home to The Note, a…
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Keystone Development and Investment Discusses Challenges of Office Conversions
With the high rate of office vacancies in cities across the country, elected officials and economic developers have been trying to encourage converting these spaces into much-needed housing, writes Ashley Fahey for The Business Journals. Federal incentives are available through programs from the Department of Transportation, the Department of Housing and Urban Development, and the…
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A 310-unit Apartment Building in Fort Washington Is Nearing Completion
CBG Building Company is in the final stages of constructing Jefferson Apartment Group’s final building in Fort Washington, writes Ryan Genova for Glenside Local. The topping-out ceremony, a tradition in construction where the placement of the final structural beam is celebrated, will take the first week of March. The project is expected to be completed…
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Federal Realty Investment to Add 217 Apartments to Bala Cynwyd on City Avenue
Developer Federal Realty Investment Trust has been given approval for a second residential development to be included in its renovation of the former Lord & Taylor building in Bala Cynwyd, writes Zachary Russell for Chain Store Age. Located between Belmont Avenue and Conshohocken State Road on City Avenue, Bala Cynwyd on City Avenue has recently…
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Upper Providence Residents, Developer Clash Over Massive Project Proposed for Parkhouse Property
Upper Providence Township residents are not happy with a development proposal by Royersford Holdings that would result in over 1,200 housing units being constructed on a 176-acre Parkhouse property, writes Kenny Cooper for the WHYY. The site is one of Montgomery County’s largest remaining tracts of open space. “The vision of having sustainability as part…
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Former Lord & Taylor in Bala Cynwyd to Become 217-unit Apartment Building
Federal Realty Investment Trust will break ground on a new apartment building at the site of the former Lord & Taylor in Bala Cynwyd this spring, writes Paul Schwedelson, for Philadelphia Business Journal. The residential development will have 16,000 square feet on the ground floor for retail space and a two-level parking garage. Mark Brennan,…
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SEPTA, Conshohocken Borough Council Still in Talks About Building Riverfront Apartments
SEPTA-owned property at 101 Washington Street continues to be the center of the debate regarding residential development on the Conshohocken riverfront, writes Kevin Tierney for More Than The Curve. Current zoning laws state that residential development is not permitted there, but SEPTA wants to change that. Originally, SEPTA had planned to build a parking garage…
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Bellflower by Toll Brothers Brings Luxurious Living to Lansdale
Toll Brothers’ latest luxury single-family home community in Lansdale is now open to interested home buyers. Bellflower by Toll Brothers is a small, intimate community of 16 luxury single-family homes. The floor plans range from 3,706 to 5,210+ square feet, 4 to 5 bedrooms, and 3.5 to 6.5 bathrooms. Five luxury home designs are available…
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Five-story Mixed-use Development Proposed on Ridge Avenue Near Montgomery County
A developer is proposing a 94-unit apartment building in Roxborough near Montgomery County, writes Ryan Mulligan for Philadelphia Business Journal. The project to be built at 6174-6182 Ridge Avenue has been modified from an earlier version and is expected to be reviewed by the city of Philadelphia in February. The building will span almost 100,000…
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Developers Gauge Interest in 25-story Apartment Building in West Conshohocken
Developers recently presented a concept for a 25-story apartment building with retail and restaurants to the West Conshohocken’s Borough Council, writes Kevin Tierney for More Than The Curve. Michael Sloane and Chris Magarity, owners of WestSide Bar & Grill and Catch 101 in West Conshohocken and Jasper’s Backyard in Conshohocken, and Korman Properties, wanted to…
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Toll Brothers Had a Good 2023 Fiscal Year Despite Decline in Total Sales
Toll Brothers, based in Fort Washington, recently released its Fiscal 2023 results which were solid despite a decline in year-over-year figures, writes Casey Martinez for Gillet News. The company’s earnings per share of $4.11, which was higher than the Zacks Consensus Estimate by 12.3%. However, it also experienced a 12% decrease from the year before.…
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Mixed-Use Development Chosen for Redevelopment of Norristown State Hospital Grounds
Pinnacle Realty Company’s plans for a mixed-use development concept called the Preserve at Stony Brook has been chosen by the Norristown Municipal Council as part of plans to redevelop the grounds of Norristown State Hospital, writes Rachel Ravina for Main Line Times & Suburban. As a first step, the Norristown council has agreed to move…
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