Real Estate
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Malvern Bank House of the Week: Custom-Built Estate Home in Broomall
This custom-built 5,200 square-foot-estate home with five bedrooms and three baths is available for sale in Broomall. The property features unparalleled high-end upgrades and finishes, including custom millwork, mahogany wood floors, a gourmet kitchen, and a flagstone patio. Wide arched doorways allow for a seamless open concept. The living room features a focal gas fireplace…
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Malvern Bank House of the Week: Georgian-Style Mansion in Media
An exceptional classic Georgian-style mansion with eight bedrooms and six full and two half bathrooms is available for sale in Media. The 1920s residence is perfectly situated on 2.03 gorgeous acres. It boasts numerous stunning architectural details, including Doric columns, dentilled cornices, 24-pane windows, and a second-floor veranda offering sweeping views of the rear grounds.…
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Home Prices Are Rising Fastest in These 4 Delaware County Towns
Four Delaware County communities made a top 50 list of fastest-growing home price rises in Pennsylvania based on a change in home values, according to Stacker. Swarthmore ranked 47h on a list of 50 top fastest-growing home prices in Pennsylvania. A typical home is valued at $392,745. Prices have seen a 6.4 percent rise in…
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Bala Cynwyd’s BMW Main Line Owner Buys Most Expensive Home in Palm Beach
Bala Cynwyd’s BMW Main Line owner has some new digs. Michael Cantanucci — the owner of the parent company that has dealerships in multiple states, including Pennsylvania — purchased a record-breaking $170 million home in Palm Beach, Florida. The Wall Street Journal reports that Cantanucci bought it from Robert Stiller, founder of Green Mountain…
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PREIT Looks to Sell Plymouth Meeting, Exton Square Malls
PREIT is looking to sell off two area malls as it works to generate cash ahead of a loan deadline, writes Paul Schwedelson for Philadelphia Business Journal. The Exton Square Mall and Plymouth Meeting Mall are properties that could be sold, according to CFO Mario Ventresca In PREIT’s first quarter earnings call Thursday, “We have…
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Villanova Buys Conshohocken Site for $11.5M to Build Boathouse
Villanova University has acquired a 9.8-acre of Conshohocken land with plans to build a new boathouse along the Schuylkill River, writes Ryan Mulligan for Philadelphia Business Journal. The land had been proposed as the site for a 270-unit apartment project. Villanova paid $11.5 million for the property at 601 Washington St. last month. The “best…
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AmeriHealth Leases Building Under Construction at Ellis Preserve
AmeriHealth Caritas is expanding its operations at Ellis Preserve in Newtown Square less than three years after it moved its headquarters there, writes Paul Schwedelson for Philadelphia Business Journal. The company has signed a lease to take the entire five-story mass timber office building under construction at 203 Square Drive. The 106,000-square-foot building is slated…
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Malvern Bank House of the Week: Industrial Farmhouse in Media
A beautifully renovated cape home transformed into an industrial farmhouse with four bedrooms and three and a half bathrooms is available for sale in Media. The home was exquisitely constructed by Amish craftsmen. During the renovation, the second floor was deconstructed and a new second level was added along with a basement. Highlights include the…
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Philadelphia Among Most Active Locations for Renting in Country
Philadelphia ranked among the 15 most active rental markets in the nation as well as the top three in the Northeast for April, writes Alexandra Both for RentCafe. To find out which cities are seeing the most listing activity and attracting the most attention from apartment hunters, RentCafe analyzed millions of interactions on its website…
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Dollars to Doughnuts, 3 Delco Towns are Among Wealthiest in PA
Delaware County is a big place, big enough to have three out of 10 of Pennsylvania’s wealthiest towns, writes Joselynn Chua for Suburbs 101. That’s based on median household income and home prices between March 2022 and March 2023. Villanova was second on a list of 10 for wealth in PA. The affluent suburb of…
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Couple Keeps Love and Memory of Havertown Farmhouse Alive
Rose Smith heaped a lot of love on her Havertown 1860 farmhouse, nearly a half-century worth, writes Paul Jablow for The Philadelphia Inquirer. She lived there with her husband, Ken, and then alone as a widow, until the retired social worker had to move to a senior residence. She worried about the house and that…
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Malvern Bank House of the Week: Custom-Built Craftsman in Glen Mills
A splendid craftsman home on 2.23 amazing acres with six bedrooms and four and a half bathrooms is available for sale in Glen Mills. The Farmhouse-style residence is custom-built and move-in ready. The first-floor amenities include the gourmet eat-in kitchen with its huge center island, granite countertops, ample cabinet space, and abundant natural light. There…
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Despite Decline in Sales, Home Prices in Philadelphia Area Continue to Climb Due to Low Inventory
A continuously low inventory in the Philadelphia area is causing home prices to continue growing even with a sharp decline in sales, writes Ryan Sharrow for the Philadelphia Business Journal. The number of closed sales across the region dropped in March by 21.4 percent to 5,815 compared to the same month a year ago. Meanwhile,…
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Public Invited to Give Guideline Input on Proposed Land Bank
The Delaware County Redevelopment Authority has released proposed guidelines on how a new online land bank will work here in Delaware County. A land bank combats neighborhood blight by allowing people to acquire vacant, tax-delinquent properties to turn them into housing, commercial development, and green space. Before all that happens, the Authority needs comments from…
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Malvern Bank House of the Week: Contemporary Colonial in Newtown Square
A beautiful contemporary colonial home with four bedrooms and three and a half bathrooms is available for sale in Newtown Square. Owners Judy Olsen and Charles Jones fell in love with the house and its open floor plan and stunning views of the pond and woods in 2007. Now after retiring, they have decided to…
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Phoenixville’s Former Water World Site Up for Sale
The property formerly known as Water World in Phoenixville is on the market for $2.85 million. The park closed in 2012, and a Wayne couple purchased the fixer-upper for the 22-acre property in 2018, writes Paul Schwedelson for The Philadelphia Business Journal. Kim Peltier, one of the property owners, grew up going to Water…
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Malvern Bank House of the Week: Custom-Built Colonial in West Chester
A gorgeous custom-built Megill Homes Lafayette model colonial home with five bedrooms and five and a half bathrooms is available for sale in West Chester. The home is perfectly situated at the end of a cul-de-sac on a beautiful 2-acre lot. The Megill Homes Lafayette model offers many desirable features that can only be found…
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Building a Life in Swarthmore After the Comforts of a City Condo
Perri Evanson, 63, has given up the comforts of an Old City condo to focus on expanding a Swarthmore rancher that’s been her apartment, writes Paul Jablow for The Philadelphia Inquirer. Workers are turning it into a two-bedroom, two-bath suburban home, adding a bedroom suite in a former attic. The move to Swarthmore reflects changes…
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