Real Estate
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Downtown Wayne to Redevelop Retail Spaces, Apartments
A retail strip in downtown Wayne could see transformation. Real estate company Berger Rental Communities wants to demolish and replace six storefronts along Lancaster Avenue to become a three-story mixed-use building, writes Caroline O’Halloran for SAVVY Main Line. They also plan to bulldoze the apartment building on the corner of Lancaster and Louella Avenues.…
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Delaware County Leadership: Richard Gottlieb, President and COO, Keystone Development + Investment
Richard Gottlieb, President and COO at Keystone Development + Investment, spoke with DELCO Today about growing up in Northeast Philadelphia, moving to Cherry Hill as a boy, attending Drexel, and how a relative introduced him to the commercial real estate business after college. He shared Keystone’s plans for the new SORA West development in Conshohocken,…
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Wayne-Based Developer Breaks Ground on $28 Million Project at the University of Maine
A groundbreaking ceremony took place this week at the University of Maine for a $28 million project to renovate two of the oldest buildings on campus, reports the University of Maine. The hotel project is a joint venture of Radnor Property Group LLC, a real estate development company, and Harrison Street, an investment management firm. …
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Delco Home to Six of Greater Philly’s 25 Wealthiest ZIP Codes
Despite the economic turmoil of the COVID-19 pandemic, residents in Greater Philadelphia’s 10 richest neighborhoods saw incomes jump 7.4 percent in 2020, writes Todd Romero for Philadelphia Business Journal. The top 10 wealthiest ZIP codes in the region had an average median household income of $190,967 in the first year of the pandemic, up from…
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Delaware County Has Free Fraud Monitoring Tool for Property Owners
There’s a free monitoring tool from the Delaware County Recorder of Deeds Office that lets property owners safeguard against fraud. FraudSleuth® provides automatic alerts to property owners when any document such as a mortgage, deed, or mortgage satisfaction for a specific parcel is recorded under that parcel’s ID. The software is similar to how credit…
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Penn Medicine Radnor Connects with Nature
The architecture and landscape design of Penn Medicine Radnor embraces nature, with an eye toward environmental stewardship, reports Anne DiNardo, executive editor of Health Care Design Magazine. The ambulatory care center’s façade, designed by Ballinger (Philadelphia), offers patient views and brings in daylight to interior spaces. Jonathan Alderson Landscape Architects in Wayne incorporated a three-acre…
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Aston to Buy 43 Acres of Open Space From Sisters of St. Francis
Aston Township has agreed to buy 43 acres of open land from the Sisters of St. Francis, writes Pete Bannon for the Daily Times. The property of woods and open space is bounded by Red Hill Road and Convent Road. Aston Township commissioners approved the purchase in a recent vote. The Sisters of St. Francis…
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Here’s What’s Coming to the New Upper Darby Community College Campus at Prendie
In September 2019, Delaware County Community College agreed to buy the former Archbishop Prendergast Catholic High School to create a new Upper Darby full-service campus. The Prendergast building at Garrett Road and Lansdowne Avenue will provide 30 classrooms with chemistry and biology labs, according to a release from the college. The Upper Darby campus will…
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2 Delco ZIP Codes Had Homes Sell Above Asking Price. 1 May Surprise You
Demand for houses is still high and inventory is at an all-time low. That means a rising asking price for houses on the market. Even so, homes in two Delaware County ZIP Codes managed to sell well over the list price, writes Ryan Mulligan for Philadelphia Business Journal. The on-fire housing market, fueled by the…
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Malvern Bank House of the Week: William Lightfoot Colonial in Rose Valley
Stunning colonial home with eight bedrooms and three bathrooms is available for sale in Rose Valley, one of the most desirable communities in Delaware County. Known as “The Butterfly House” for the projecting wings on both sides of the structure, this gorgeous home was designed by the renowned architect William Lightfoot Price, founder of the…
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Malvern Bank House of the Week: Colonial in Newtown Square
A beautiful colonial home with four bedrooms and three full and two half bathrooms is available for sale in Newtown Square. Located at the top of the cul-de-sac, the home sits on a gorgeous one-acre lot that features scenic rear grounds with a waterfall and a Koi Pond. The residence opens to a stately foyer…
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For Sale — Cute Penthouse, Central Park View, Spiral Staircase, a Steal at a Quarter-Billion Dollars
At $250 million, the penthouse at New York’s Central Park Tower — a triplex positioned at a height of over 1,400 feet — is the most expensive listing in the U.S., writes Katherine Clarke for The Wall Street Journal. If it manages to sell for its asking price, it will become the highest-price residential real…
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Influx of New Yorkers to Delaware County Raises Bar for Home Prices
Over the past several years, New York City has emerged as the largest source of new residents in Delaware County outside of the tri-state area, writes Ryan Mulligan for the Philadelphia Business Journal. This is true for the entire region. People from more expensive markets, especially New York City, have been flocking to Philadelphia and…
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Malvern Bank House of the Week: Traditional in Haverford
A gorgeous traditional home from renowned Main Line architect Perc Kennedy on 2.09 stunning acres with six bedrooms and four full and two half bathrooms is available for sale in Haverford. This Perc Kennedy 1975 residence offers privacy and convenience in the beautiful and highly sought-after Merion Golf Neighborhood. The home has undergone several major…
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Home Sellers Start Dropping Prices in July Amid Cooling Housing Market
Home sellers nationwide and in the Philadelphia region started dropping asking prices in July amid signals of a cooling housing market. Dana Anderson, Redfin, put out the welcome mat on the observation for interested readers. Many buyers have become hesitant to pay sky-high prices that have persisted throughout most of the pandemic. That bullish period…
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Philadelphia Among Top Cities Nationwide for Live-Work-Play Apartments
With 8,000 mixed-use apartments added between 2012 and 2021, Philadelphia is among the top cities in the nation for live-work-play apartments, writes Mike D’Onofrio for Axios. The housing trend term describes a community that: Offers a variety of living options Provides proximity to commercial entities for employment (or offers onsite facilities for remote work, eliminating…
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Couple Looking to Buy Home Ends Up Owning Whole Town in Pennsylvania
When Cleaveland couple Saji Daniel and Shannon McGauley got an invitation in October 2020 from their neighbor, Dr. Lou Keppler, to visit Foxburg, they thought it would just be a nice daily escape from the city. Katherine Clarke, in The Wall Street Journal, chronicled how it lead to a real-estate buying spree. The couple did…
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Malvern Bank House of the Week: Charming Dutch Colonial in Havertown
Teresa Hoffman sand her husband, John, liked the family-friendly atmosphere of the Havertown neighborhood where their Dutch Colonial home at 511 Valley Road was located, writes Paul Jablow for The Philadelphia Inquirer. “Everybody walks everywhere,” she said, “there are block parties.” They became close friends with their neighbors, one of whom was a contractor who…
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