Real Estate
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Limerick Land Swap Would Bring State Game Land to Edgmont
A developer’s proposal to the Pennsylvania Game Commission could give Delaware County its first swatch of Pennsylvania Game Land, writes Frank Kummer for The Philadelphia Inquirer. Game Lands are managed areas for hunting, hiking, fishing, and wildlife conservation. Limerick Town Center LLC, a warehouse developer, has proposed trading 559 acres of land across three counties,…
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First Bank House of the Week: Federal-Style Fieldstone Home in Wayne
A striking Federal-style fieldstone home at 658 Brooke Road on 2.12 lovely acres with five bedrooms and five and a half bathrooms is available for sale in Wayne. This remarkable residence combines historic character with refined sophistication, offering a timeless elegance encapsulating both warmth and grandeur. Refined details include reclaimed hardwood floors, exposed beams, dramatic…
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Debate Grows Over New Housing Plan at Former Freddy Hill Farms
The future of the former Freddy Hill Farms property remains a hot topic in Towamencin, writes Dan Sokil for The Reporter. Township supervisors recently reviewed a revised proposal from Pinnacle Realty that would bring 207 housing units to the longtime dairy farm and entertainment site. The property has been under discussion since the Seipt family…
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HSN’s Move to West Chester Paves Way for 400,000-Square-Foot Industrial Project at Former Campus
Vacated after HSN consolidated operations in West Chester, the network’s former Florida headquarters is set to become one of Tampa Bay’s largest industrial developments, writes Veronica Brezina for St. Pete Rising. The 65-acre north St. Pete site is under contract to Greystar, the largest multifamily housing owner, manager, as well as a developer in the U.S. The firm is…
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Former Eagle Brent Celek Adds Five West Chester Warehouses to Real Estate Portfolio
Former Eagle Brent Celek, who just brought his residential brokerage to Keller Williams Media, has acquired five West Chester warehouses for over $10 million as he doubles down on commercial real estate, writes Ryan Mulligan for the Philadelphia Business Journal. Over the last eight years following his NFL career, Celek has ventured into nearly every area of real estate, including single-family…
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Perkasie’s Final Undeveloped Land May Become Home to Recycling Center
After borough leaders and residents pushed back against plans for luxury apartments, the final undeveloped tract of land in Perkasie may instead be developed as a recycling center, writes Lacey Latch for the Bucks County Courier Times. On Feb. 25, Perkasie Place submitted a sketch plan to the borough planning commission seeking initial feedback on…
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Riverfront Home in New Hope with Five Terraces Hits Market for $10 Million
A home on the Delaware River in New Hope recently hit the market for $10 million, as waterfront real estate values soar in the borough, writes Ryan Mulligan for the Philadelphia Business Journal. The house, located on Main Street, was completed in 2021 and spans 6,000 square feet, featuring a car elevator, five terraces, a floating dock, and an interior elevator. Residents…
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Ambler Advances Major Mixed-Use Plan Near SEPTA Station
A proposed transformation of land near Ambler’s SEPTA station took a meaningful step forward this week, writes Linda Finarelli for The Reporter. The Borough Council voted 5-2 on February 17 to approve revisions to the town’s redevelopment overlay district. This allows Dresher’s BET Investments to move ahead with plans for a mixed-use project along West…
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First Bank House of the Week: Traditional with Car Enthusiast’s Dream Garage in Media
A magnificent traditional at 365 Arbor Circle on a pristine lot with six bedrooms and seven full and two half bathrooms is available for sale in Media. This impressive residence is a custom-built estate showcasing refined design and thoughtfully crafted for elevated everyday living and entertaining. Distinctive details include tray and coffered ceilings, cherry built-ins,…
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Pair of Philadelphia Airport Hotels Put Up for Sale by New York Owner
Lightstone Group, a New York-based real estate investment company, has put Aloft Philadelphia Airport and Four Points by Sheraton Philadelphia Airport on the market after an 11-year hold, writes Emma Dooling for the Philadelphia Business Journal. Lightstone Group purchased the 136-room Aloft and 177-key Four Points in December 2014 for $30 million from Starwood Hotels…
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Eagles Legend Brent Celek Brings Media Real Estate Team to Keller Williams
Former Philadelphia Eagle Brent Celek has brought his real estate team based in Media to Keller Williams in what he calls the “natural next step,” writes Ryan Mulligan for the Philadelphia Business Journal. Brent Celek Real Estate, which was previously independent, will now join the nation’s largest brokerage at its Media office. Celek, a former…
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$39M Debt Sends Rosetree Office Complex in Media Into Receivership
The 268,000-square-foot Rosetree office complex in Media has been sent to receivership, with the property holding more than $39 million in debt, writes Paul Schwedelson for the Philadelphia Business Journal. The two-building property at 1400 N. Providence Road, owned by an entity affiliated with Keystone, became the subject of foreclosure after the owner missed the…
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Greater Philadelphia Tops National Housing Market Price Growth in January
Greater Philadelphia saw the strongest home price growth among 40 major metro areas in January, with prices rising 8.6 percent year over year, writes Ryan Mulligan for the Philadelphia Business Journal. In January, the region’s median home price increased to $380,000, up from $350,000 a year earlier. According to a recent report from Homes.com, this…
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Main Line Landmark Gets New Mission Under Local Investor
A historic Bryn Mawr building is getting a new purpose, rooted in education, writes Jeff Blumenthal for The Philadelphia Business Journal. The longtime headquarters of Bryn Mawr Trust Co., located at 801 W. Lancaster Ave., has been sold for $7.6 million to real estate investor Michael Karp. The roughly 46,000-square-foot property served as the bank’s…
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Lambertville Couple Transforms Neglected Cape Cod Into Modern Rancher
When their 1895 rowhouse began feeling too cramped, Lambertville couple Lauren Braun-Strumfels and Kyle Strumfels purchased a neglected 1970s Cape Cod, eager to transform it into their dream home, writes Zoe Rosenberg for The Philadelphia Inquirer. “With the rowhouse, there were certain things that we just wouldn’t want to do to it, historically, to preserve…
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Here’s How the Real Estate Market is Doing in Delaware County
The regional housing market appears to have stabilized, according to Larry Flick V, CEO of Berkshire Hathaway HomeServices Fox & Roach Realtors. The Greater Philadelphia market is performing “reasonably well,” and has remained largely a seller’s market, he said. “I think when the spring market pops, it will be strong,” Flick said, predicting a small…
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Luxury Homes Planned for Campbell Soup Heiress’ Radnor Estate
Media-based Rockwell Development Group is building more than two dozen multimillion-dollar homes on the Radnor estate of the late Campbell Soup heiress Dorrance “Dodo” Hill Hamilton, writes Ryan Mulligan for Philadelphia Business Journal. Rockwell closed a deal last week to purchase 3.5 acres of the estate for $4.96 million. It will close on the remaining…
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Newtown Rezones Corporate Campus Due to Empty Offices
A shift in how we work has created a lot of empty office space in Newtown Township. Most of the office buildings in the Newtown Square Corporate Campus are empty or up for lease and are lowering the tax rate tables as a result, writes Pete Bannan for the Daily Times. Newtown supervisors voted 4-1…
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