Multifamily Harrison Community Is Last Phase of Ellis Preserve Development
Equus Capital Partners Ltd. is developing a $140 million multifamily project at the Ellis Preserve in Newtown Square, writes Natalie Kostelnni for Philadelphia Business Journal.
The hope is to find renters willing to pay for a variety of amenities and high-end finishes normally found in a five-star hotel.
Cost per unit is expected to cost between $400,000 to $450,000, though Equus declined to reveal how much each will cost.
Equus has broken ground on the Harrison, a 200-unit project at Ellis Preserve.
It will serve as a mixed use community on 210 acres. The Harrison is the final phase of the build out at Ellis Preserve and includes a clubhouse and 25,000 square-foot courtyard.
The two-story, 9,400 square-foot Harrison clubhouse has improvements addressing how people work and socialize since the pandemic.
“It is set up where you can have different rooms to meet and mingle, there will be wine tasting and residents have access to a wine locker, there’s fitness, a pet spa, conference rooms that can be reserved in addition to a private office or cubicles,” said Joe Mullen, CEO of Equus’ Madison Apartment Group.
The complex is expected to be completed next fall.
Read more at Philadelphia Business Journal about apartment development at the Ellis Preserve.
Join Our Community
Never miss a Delaware County story!
"*" indicates required fields
