Chesterbrook
REAL ESTATE
Berwyn Townhouse with Expansive Open Layout Hits Market
A lovely three-bedroom, three-bathroom end-unit townhouse with expansive open layout and sunny spaces recently hit the market in Berwyn. A lovely three-bedroom, three-bathroom end-unit townhouse with expansive open layout recently hit the market in Berwyn, writes Paul Jablow for The Philadelphia Inquirer. Pauline and Brady Kramer, both Gladwyne natives, purchased...
Apartments in Philly Are Shrinking, Which Can Have a Major Impact on the City’s Demographics
The average size of a Philadelphia apartment is among the smallest in the nation, and that is a trend that will likely continue as even smaller apartments will get built. The average size of Philadelphia apartments are among the smallest in the nation, and are projected to become even smaller with the current pipeline of multifamily construction, writes Ryan Mulligan for the Philadelphia Business Journal.
1.83-acre parcel up for sale along Bethlehem Pike in Flourtown
A 1.83-acre commercial land parcel at 654 Bethlehem Pike in Flourtown was listed for sale on Friday, June 28. According to the listing, the lot is situated between Saint Miriam’s and Saint Thomas churches. From the Executive Summary:. The surrounding property is a truly special oasis, complete with lush...
Pub owners: Real estate listing is not for the restaurant
PENNSAUKEN — The address of The Pub — an iconic restaurant that closed Monday for "renovations/repairs" — is being advertised as a leasing opportunity by a commercial realty firm. But the ad does not refer to the restaurant, according to a spokesman for the owners. ...
Morgan Properties Acquires 11-Property Portfolio in Pennsylvania
KING OF PRUSSIA, PA. — Morgan Properties, a development and investment firm based in the Philadelphia suburb of King of Prussia, has acquired a portfolio comprising 3,434 units across 11 properties in Pennsylvania. Morgan purchased the communities from their original developer, DePaul Management Co. The sale price was not disclosed. Matt Stefanski and Zachary Pierce of Berkadia brokered the transaction.
Grand opening of The Noble, Northern Liberties' newest residential tower
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Morgan Properties, owner of Forge Gate, Main Street Apartments, acquires Lansdale apartment complex
Wissahickon Park Apartments on East Main Street in Lansdale has been acquired by Morgan Properties, owner of Main Street Apartments and Forge Gate Apartments in Towamencin Township, as one of 11 new Pennsylvania acquisitions by the real estate company. According to a release, the 11 properties were acquired by the...
Toll Brothers Apartment Living Opens $112 Million Broad + Noble in Philadelphia
PHILADELPHIA — Toll Brothers Apartment Living has opened Broad + Noble, a $112 million high-rise development in Philadelphia’s Callowhill neighborhood. Broad + Noble comprises 326,000 square feet across 19 stories. The residential tower offers 344 units. According to the property website, units come in studio, one- and two-bedroom floor plans.
New homeowners helped with $104,000 in closing cost assistance
Officials of the Media Fellowship House (MFH), 302 S. Jackson St., Media, recently announced that 17 first-time homebuyers were recipients of closing cost assistance that totaled $104,000. In a release, MFH said it “continues to make a significant impact on the lives of low- and moderate-income families by providing comprehensive housing counseling services. In the past year alone, MFH has provided prepurchase counseling to over 150 households” including support to the 17.
JLL Facilitates the Sale of a 296-unit Apartment Community Mount Laurel Crossing in Mount Laurel New Jersey Near Philadelphia
JLL Capital Markets announced the $80 million sale of Mount Laurel Crossing, a 296-unit apartment community located in Mount Laurel, New Jersey. JLL represented the seller in this transaction, while Colony Hills Capital, based in Wilbraham, Massachusetts and Balfour Beatty acquired the multifamily asset. Mount Laurel Crossing, built in 1999,...
The Elkins Estate: A Glimpse into Gilded Age Splendor
Nestled in Elkins Park, Montgomery County, Pennsylvania, the Elkins Estate sprawls across 42 acres, embodying the opulence of Gilded Age architecture. Commissioned by Philadelphia magnate William L. Elkins, the estate features two iconic structures—Elstowe Manor and Chelten House—both designed by renowned architect Horace Trumbauer. Elstowe Manor: Exquisite Italian...
Former Willow Grove daycare center now up for lease
5,436 sf of retail space is available for lease at 109-111 N York Road in Willow Grove, the former home of Willow Nature Day School. According to the listing, the space exists in the building’s first (and only) floor and comes with a shared parking lot in the rear, a fenced-in yard and a basement.
Incentivize Child Care in any Redevelopment of UArts Real Estate
The ranks of people left angry and confused over the abrupt closure of UArts have steadily spread outward from the inner rings of displaced students, teachers and staff. They now include lawmakers, lawyers and members of the broader arts community, all of whom continue to ask questions about the decision to close the 150-year-old institution, which the school’s board members claim was in “urgent” financial distress.
Greater Philadelphia Real Estate Hall of Fame to honor visionary leaders, including South Jersey exec
The Greater Philadelphia Real Estate Hall of Fame recently announced the induction of five individuals for their exceptional contributions to the region’s real estate landscape, including Charlie Walters, co-founder of the Logan Township-based Pureland Group. As leader of the Pureland Group, Walters is responsible for the marketing, construction and...
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