Valley Forge Military Academy Foundation has sold five undeveloped lots along Radnor Road at Upper Gulph Road to Bentley Homes for $1.65 million, writes Natalie Kostelni for Philadelphia Business Journal.
Bentley Homes plans to build single-family residences, part of a broader effort by the home builder to return to its Main Line roots.
“I was building on the Main Line for years and the market died,” Tom Bentley said. “Now, we’re coming back to the Main Line. We return.”
The last projects Bentley completed along the Main Line included Radnor Walk in Radnor and Ashwood Hall in Devon.
During the Great Recession, Bentley built smaller homes, townhouses and multifamily properties further west in Kennett Square, Chadds Ford and Exton.
About six months ago, Bentley decided to turn back to the Main Line with small residential subdivisions. Houses range between 4,000 square feet and 4,700 square feet and cost in the upper $1 million to low $2 million.
Bentley has also accumulated three lots on the east side of Radnor-Chester Road not far from Lancaster Avenue in Radnor and a dozen lots off Newtown Road in Easttown.
Read more about the return of Bentley Homes to the Main Line here.