Real Estate
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Radnor Approves Preliminary Plan for 14-Home Subdivision in Wayne
Radnor Township Commissioners have given preliminary approval for a proposed 14-home cul-de-sac development along Eagle Road near Strafford Ave. in Wayne, writes Richard Ilgenfritz for the Main Line Times & Suburban. The site is slightly over four acres. Ten homes will be built along a new cul-de-sac named Rue St. Honore. The cul-de-sac will connect…
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Malvern Bank House of the Week: A Tuscan Retreat in Thornton
A stunning and truly unique Tuscan-style home on 2.66 beautiful acres with five bedrooms and five full and two half bathrooms is available for sale in Thornton. Built to emulate a 17th-century Tuscan country residence, this home offers unparalleled detail and design, all in a beautiful and quiet area with much-coveted privacy. It boasts all…
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Looking at a Normal Housing Market in 2023, Whatever That Is
Delaware County remains a potential hot spot in 2023 for entry-level single-family homes that are “selling in a minute”, as the region returns to a normal housing market, according to Maria Quattrone, founder, and CEO of Maria Quattrone and Associates of RE/MAX at Home. She’s predicting that higher-priced homes will sit on the market longer…
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Malvern Bank Home of the Week: Charming Cape Cod in Wayne
A charming Cape Cod home on beautiful 0.81 acres with four bedrooms and three and a half bathrooms is available for sale in Wayne. Situated in the award-winning Radnor School District, this well-kept home has a flexible floor plan that is ideal for entertaining. This Wayne Cape Cod sits on a matured level lot that…
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Delaware County Hopes to Move Properties From Blight to Prosperity
Blighted and abandoned properties in Delaware County could be transformed in 2023 into affordable housing, commercial development, and green space, writes Kenny Cooper for WHYY. The Delaware County Redevelopment Authority is voting on policies and procedures early in the new year for a new land bank. A land bank is a municipal tool to combat…
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In 2017, Remake of Granite Run Mall Seen as New Trend
The resurrection of the abandoned Granite Run Mall in Middletown Township as a mix of entertainment, dining, retail, apartments, and office space could become the face of the future. What was propped up by a $122 million loan a decade ago sold for $24.2 million in 2013 and invited a $120 million redevelopment by BET…
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Malvern Bank House of the Week: Modern French Home in Bryn Mawr
A modern French-style home that sits on 2.14 beautiful acres and has six bedrooms, as well as four full and two half bathrooms is available for sale in Bryn Mawr. This Pierce Kennedy home was designed specifically to comfortably house a large family. The residence was placed on the lot to take advantage of the…
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A Delaware County Home Made 2022 List of Attention-Grabbers
The housing market in 2022 came in like a lion and went out like a lamb but that didn’t stop people from checking out the wealthiest properties around, including one in Delaware County, writes Ryan Mulligan for Philadelphia Business Journal. The Philadelphia region saw 261 million-dollar home sales through the first quarters of 2022, according…
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Malvern Bank House of the Week: Tudor Revival in Wayne
An outstanding Tudor Revival home with seven bedrooms and seven full and two half bathrooms is available for sale in Wayne. Situated on a beautiful 2-acre lot in the South Wayne Historic District and surrounded by old-growth oak, birch, and Japanese maple, the home offers highly coveted privacy while being within walking distance of downtown…
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NYSE Suspends Shares of PREIT, Springfield Mall Owner
Pennsylvania Real Estate Investment Trust, the owner of the Springfield Mall, Plymouth Meeting Mall, and Willow Grove Park Mall, is being booted off the New York Stock Exchange as PREIT shares trade at $2.40 a share, writes Rich Bockmann for The Real Deal. On Thursday, the exchange announced it would suspend trading of the PREIT…
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Philly Suburbs Among Nation’s Hottest Residential Rental Markets in 2022
Suburban Philadelphia is one of 2022’s hottest residential rental markets in the country thanks to the high renewal rates of leases, a growing prospective renters’ pool, and relatively few apartment buildings being constructed, according to RentCafe. A new report from RentCafe places suburban Philadelphia as the 12th-most-competitive rental market in the nation, writes Ryan Mulligan…
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Yeadon Industrial Center on Baltimore Ave. Sold for $41.75M
The Yeadon Industrial Center at 6250 Baltimore Ave. has been sold for $41.75 million to Velocity Venture Partners, writes Paul Schwedelson for Philadelphia Business Journal. The fast-growing Bala Cynwyd company plans to spend another $8 million on capital improvements, including a new roof, parking lot and exterior façade, painting, and upgraded building utilities. With an…
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Malvern Bank House of the Week: Manor Home in Chadds Ford
A magnificent manor home with six bedrooms and five full and two half bathrooms is available for sale in the West Chester section of Chadds Ford Township. Perfectly nestled on private 3.15 acres in the Fawn Run community, this home offers highly coveted peace and quiet while having numerous amenities within close proximity. The property…
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See Who’s Got the Wealthiest Zip Codes in Delaware County, and Why
Villanova had the wealthiest zip code among Delaware County communities in the Philadelphia region, according to a report by Sharon Oliver for Philadelphia Business Journal. The Journal reviewed 2017 income and population statistics to come up with its list of the 50 wealthiest zip codes in the Philadelphia region. Villanova ranked third on the list…
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Philly-Area Home Sales Drop to Lowest Level Since 2015
Housing sales are cooling quickly throughout the Philadelphia region, writes Ryan Mulligan for Philadelphia Business Journal. The seven counties in the Philadelphia metro area saw total closed sales at 30 percent lower levels in November than they were a year ago, according to Bright MLS. The slowdown in home sales comes from the national market…
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Concordville Inn to be Converted to a Health Care Facility
The 245-year-old Concordville Inn in Glen Mills is set to become an inpatient rehabilitation hospital, writes Emma Dooling for Philadelphia Business Journal. The inn is contracted to be acquired by Encompass Health Corp. in Alabama. The company has received approval from the Concord Township Zoning Hearing Board to for a 50-bed facility. The Concordville Inn…
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A $38M Project Turns Dilapidated Woodlyn Property into Senior Housing
There is space for up 250 people at a new $38 million senior housing and services building that opened last week at Kinder Park IV in Woodlyn, writes John George for Philadelphia Business Journal. The new building emerged out of the renovation of a run-down public housing site at MacDade Blvd and Bullens Lane. It…
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Malvern Bank House of the Week: French Manor Home for Sale in Newtown Square
A stunning French manor home on 1.2 extraordinary acres with five bedrooms and three and a half bathrooms is available for sale in Newtown Square. This lovely residence exudes a refined luxury that is both perfect for families and marvelous for entertaining. The home impresses from the onset with its classically-tiled open foyer with a…
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