Real Estate
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DNB First House of the Week: Converted Carriage House in Newtown Square Will Drop Your Jaw
A spacious, converted carriage house with four bedrooms and four bathrooms that was originally built in the 19th century is available for sale in Newtown Square. The 8,374-square-foot home, named Hidden Rock, is one of the last remaining structures of the historic Dunminning Estate. The main living area – aptly named The Court – has…
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Newtown Square’s GMH Capital Partners Breaks Ground on Luxury Apartments in Providence
Newtown Square-based GMH Capital Partners – a real estate company specializing in the acquisition, development, and management of high-quality residential and commercial properties throughout the U.S. – has broken ground on River House in the Jewelry District of Providence, R.I. A 174-unit luxury apartment community situated along the Providence River, River House will consist of…
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Radnor’s Brandywine Realty Pitches Philadelphia, Austin Properties for Amazon HQ2
Radnor’s Brandywine Realty Trust has sent two submissions to Amazon, one for Philadelphia and one for Austin, Texas, as locations for the highly coveted Amazon HQ2, writes Natalie Kostelni for the Philadelphia Business Journal. The 123-page pitch – entitled “Two Cities. One Solution.” – strikes a balance between the two cities to avoid favoritism. But…
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DNB First House of the Week: Serenity in Havertown
A four-bedroom, two-and-a-half-bathroom home set on a lush acre of land is available for sale in Havertown. Designed for both indoor and outdoor lovers, the home has plenty of natural light and an open floor plan that includes a family room with an exquisite stone fireplace and hardwood floors. The gourmet kitchen boasts cabinets made…
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DNB First House of the Week: Grand Colonial in Garnet Valley
A colonial home that’s the perfect mix of old-world charm and modern amenities is available for sale in Garnet Valley. Built in the early 19th century, the stately Pennsylvania fieldstone has four bedrooms and three full bathrooms. Inside the home, the spacious living room offers plenty of natural light, while the dining room features a…
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Smedley Tract to Become Recreational Area in the Heart of Middletown
Plans to develop Middletown’s Smedley Tract as a recreational area are ready to move forward after more than a decade of planning, writes Leslie Krowchenko for the Delaware County News Network. Township Engineer Eric Janetka recently gave an update on the 76-acre property at the northeast corner of Rose Tree and North Middletown roads. The…
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DNB First House of the Week: No Expense Spared in This Custom-Built Mansion in Haverford
A six-bedroom, five-bathroom house set on four lush acres with easy access to the city is available for sale in Haverford. Located in the sought-after Merion Golf Manor neighborhood, the property includes a magnificent pool with pool house and a one-acre buildable lot. The entrance to the house, marked by stone gateposts, leads down a…
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House of the Week: Mediterranean-Style Home in Newtown Square
A hillside, Mediterranean-style home is available for sale in Newtown Square, writes Sandy Smith for Philadelphia magazine. The six-bedroom and eight-full-bathroom “Casa Pacifica” was designed for entertaining and accommodating guests. The home includes seven reception rooms and two guest bedroom suites, as well as a covered outdoor terrace and an indoor pool. The kitchen is a…
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House of the Week: A Taste of England in the Brandywine Valley
This property at 725 Darlington Road in Garnet Valley was built in 1856 as a fieldstone mansion house. Originally designed in grand style with 12-foot ceilings on the first floor and 10-foot ceilings on the second and third floors, it features architectural detail and loving restoration true to its exquisite English-country roots. Ten bedrooms, eight…
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Four New ZIP Codes Join Greater Philadelphia’s Exclusive Club of Million-Dollar Neighborhoods
Four new ZIP Codes have joined Greater Philadelphia’s exclusive club of million-dollar neighborhoods over the last three years, bringing the total to 17, writes Melissa Romero for Curbed Philadelphia. A recent Zillow report defined a million-dollar ZIP Code as a neighborhood that has at least 10 percent of its homes valued at seven figures or…
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Businesses Flock to Suburbs in Search of Affordable Office Space, and Millennials Are Loving It
Businesses are leaving urban centers and opting for the suburbs, as they provide the work-life balance that many millennials strive for, writes Lara O’Keefe for Bisnow Media. This shift has led to some suburban office space markets outpacing downtown centers. According to the CBRE, the main reason is that people want to work near stores…
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Delaware County Home to the Most Expensive ZIP Code in Pennsylvania
Judging by median home price, Villanova is the most expensive ZIP Code in Pennsylvania, and four more Delaware County locales cracked the Top 25, writes Eliza Theiss for PropertyShark. The increase in house prices is a direct result of high demand and low inventory. This is especially true for the Greater Philadelphia area, which seems…
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Suburban Real Estate Market Sizzles; Where Have Housing Prices in Delco Increased the Most?
Following years of sluggishness, the real estate market in the Philadelphia suburbs is finally experiencing the recovery it needs, writes Caitlin McCabe for the Philadelphia Inquirer. “It’s a kind of house-hunting frenzy that some experts say they have never seen before: The number of homes for sale is at record-low levels, and buyers are becoming…
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House of the Week: Historic Mansion in Villanova the Most Expensive Home in Delco
An eight-bedroom, nine-bathroom mansion is on the market in Villanova, according to the Philadelphia Business Journal. This beautiful Main Line estate offers a stunning private home, clock tower offices, guest houses, entertainment facilities, and walking access to Overbrook Golf Course & Country Club. The entire estate has also recently undergone a complete renovation, including extensive landscaping…
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Sale of Brookhaven Shopping Center Affirms Its Astronomical Appreciation
Brookhaven Shopping Center has been purchased by Invesco Real Estate for an estimated $35 million, writes Natalie Kostelni for the Philadelphia Business Journal. It was sold by Katz Properties, the New York-based real estate investment, development, and management company that bought the 211,758-square-foot center five years ago for $12.3 million. [uam_ad id=”52851″] Advertisement The transaction…
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Radnor to Lose Headquarters of Brandywine Realty Trust
Brandywine Realty Trust has put its own Radnor headquarters on the real estate market, and will move its signature presence to the city this fall, according to a Philadelphia Business Journal report by Natalie Kostelni. The new Brandywine Realty Trust HQ will feature 46,000 square feet on the 16th and 17th floors of the FMC…
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Philly Suburbs Continue to Rebound in Residential Real Estate Sales
Home sales in the Philadelphia suburbs continued to rebound during the first six months of this year, writes Brian McCullough for The Times Herald. A new report by Berkshire Hathaway HomeServices Fox & Roach Realtors found that the Greater Philadelphia, 12-county region showed an 8.2 percent increase in the number of properties sold compared to…
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Controversial Plan for Marple’s Greenbank Farm Pits Residents Against Local Developer
The controversy surrounding Steve Sudhop’s plan to build a retirement community at Woodland Preserve is growing after he added Marple’s Greenbank Farm to the mix, writes J.F. Pirro for Main Line Today. Nearby residents are concerned that the real-estate investor will turn the farm into a clubhouse corner for his planned 650-unit, active-adult continuing care…
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