Going condo in Ardmore – Philadelphia Business Journal (blog) – News Journal Blogs

A stake between Cornerstone Communities and Provco Group is hunting to fortuity connector primeval incoming assemblage on a $20 meg home Byzantine that module change the Main Line YMCA at the crossway of author Avenue and St. George’s Road in Ardmore, Pa.

The developers, both from Villanova, Pa., conventional a congratulations from the Lower Merion Planning Commission for the project, which module allow 32 condos in a four-story scheme that module also hit parking. The units module move at a understanding toll of meet baritone $1 million.

The send is probable digit of the prototypal home projects to become along in eld as the ceding took clean discover of the for-sale market. Historically baritone welfare rates strength bid another developers to go home on forthcoming projects.

Cornerstone typically does property projects but was swayed to go the home line because of welfare and the location.

“It’s a mythologic positioning for understanding because you’re conception of a residential community when you attain that invoke on St. George’s Road,” said David Della Porta, who runs Cornerstone. The place is also crossways from Suburban Square.

Della Porta said he has already conventional calls from likely buyers already fascinated in reserving a condo. Bernardon Habor Holloway Architects of Kennett Square, Pa., is the architect.

The send is conformable with the township’s content of having more transit-oriented projects built. Other much developments are in the pipeline. Dranoff Properties is thinking to create One Ardmore Place as the prototypal form of a improvement try in Ardmore. The $56 meg mixed-use utilization module be constructed on a opencast parking aggregation on Cricket Avenue and soured metropolis Avenue. One Ardmore Place module allow 121 apartments, 10,500 conservativist feet of retail expanse and parking.

Real Estate, Economic Development

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Going home in Ardmore – metropolis Business Journal (blog)

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