Real Estate
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Mixed-Use Development Brings Big Changes to Ardmore
A major mixed-use development will add hundreds of apartments to a key stretch of Ardmore, writes Paul Schwedelson for The Philadelphia Business Journal Radnor Property Group will begin construction in January on The Piazza at Ardmore, a $187 million project at 100 W. Lancaster Ave. The development will include 270 apartments, about 30,000 square feet…
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Florida Oceanfront Estate Owned by Late Coatesville Campbell Soup Heiress Hits Market for $85M
An oceanfront estate in South Florida owned by the late Mary Alice Dorrance Malone, a Campbell Soup heiress from Coatesville, has been listed for $85 million, writes Ryan Sharrow for the Philadelphia Business Journal. Situated on the barrier island of Manalapan between the Atlantic Ocean and the Intracoastal Waterway, the 1.5-acre property sits just 12…
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First Bank House of the Week: Lovely Colonial in Media
A lovely colonial home at 11 Morgan Lane, sitting on 1.3 attractive acres with five bedrooms and three and a half bathrooms, is available for sale in Media. This charming residence, beautifully situated in the Highland Rose tree-lined cul-de-sac subdivision, offers a serene setting with mature trees and a highly desirable location. Details include Brazilian…
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$4M Listing for Modern Home on New Hope Canal Features Rooftop Deck
Designed by Doylestown-based Luce Architects and completed in 2022, a modern home along New Hope’s canal that has the town’s largest rooftop is listed for sale at $3.999 million, writes Ryan Mulligan for the Philadelphia Business Journal. Positioned beside New Hope’s trademark red wooden bridge, the residence covers 3,950 square feet with three bedrooms and…
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How Did Philadelphia Beat Out 40 Other Locations for DrinkPak’s Newest Manufacturing Facility?
Philadelphia is the city that canned beverage company DrinkPak chose to build its new coast-to-coast manufacturing network, writes Paul Schwedelson for the Philadelphia Business Journal. In doing so, Philadelphia — specifically the Bellwether District in South Philadelphia — beat out more than 40 other markets and locations across the United States. As a result, Chicago-based…
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Local Developer Plans Mixed-Use Project After Prime Fishtown Site Acquisition
Philadelphia-based development company Eclipse Development recently acquired a prime Fishtown development site and is planning a four-story mixed-use building there, writes Paul Schwedelson for the Philadelphia Business Journal. Eclipse paid $2.65 million for the vacant Frankford Avenue site, acquiring it from the nonprofit, Lutheran Settlement House. Plans are calling for 20 apartments and 7,000 square…
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See Where Delaware County’s Most Expensive Homes Were in November 2025
Three Delaware County communities were among those that had the most expensive homes in Pennsylvania, according to a list compiled by Stacker. Using data from Zillow, the most expensive homes came out of Media Borough, Garnet Valley, and Glen Mills as of November 2025. In Media Borough, a typical home value was $612,785. Home prices…
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Over 200 Apartments, Retail Space Coming to Malvern After Office Building Demolition
Downingtown-based TriPoint Properties is planning to demolish a Malvern office building to make way for 250 apartments and retail space, writes Ryan Mulligan for the Philadelphia Business Journal. Purchased in 2020, TriPoint and East Whiteland Township reviewed many ideas for the property at 52 Swedesford Road, ultimately settling on a mixed-use, campus-like project that will…
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Major Sale Marks Toll Brothers’ Exit From Apartment Business
Toll Brothers is continuing a major strategic pivot, writes Janelle Ward for The Philadelphia Business Journal. The Fort Washington real estate giant is selling an Atlanta student housing tower for $132 million, exiting the apartment business and doubling down on luxury homebuilding. The property, known as Kinetic, is a 752-bed multifamily tower located near Georgia…
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First Bank House of the Week: Stunning 6,200 sq ft Luxury Home on Nearly 2 Acres in Wallingford
This elegant home at 411 Marie Drive offers 7,000 square feet of living space on two acres with five full bedrooms and five full baths tucked away at the end of a private drive in Wallingford. This one-of-a-kind home blends timeless style with modern comfort, complete with stunning water views from multiple decks and patios.…
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New Resolution Would Give Philadelphia’s Vacant School Buildings New Life
Philadelphia has about 20 vacant school properties across the city, causing increased pressure from the community to do something with them. There is now a new resolution that the Philadelphia Board of Education will vote on that would bring new life to these vacant school buildings, writes Raymond Strickland for CBS News Philadelphia. If passed,…
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Toll Brothers Launches $1M+ Luxury Community in Royersford
Luxury homebuilder Toll Brothers has officially launched sales at Canterbury Meadows, a new 30-home community in Royersford, according to Paul Schwedelson of The Philadelphia Business Journal. The Fort Washington-based builder says homes in the Royersford development will start at $1.02 million. The sales center and model home are located at 183 Kline Road. Residences offer…
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Two Major King of Prussia Hotels Hit the Market Ahead of Colossal Year for Tourists
Two well-known King of Prussia hotels are officially on the market, creating a rare investment opportunity in one of Montgomery County’s busiest commercial districts, Emma Dooling for The Philadelphia Business Journal. The Fairfield Inn Philadelphia Valley Forge/King of Prussia and the Crowne Plaza Philadelphia King of Prussia were recently listed for sale after their previous…
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First Bank House of the Week: Stunning Traditional in Newtown Square for Sale
A stunning traditional home at 4100 Meadow Lane on 1.39 lovely acres with five bedrooms and four full bathrooms is available for sale in Newtown Square. This inviting residence has a beautifully maintained setting blending warmth, character, and thoughtful updates throughout. Among the main-level spaces are an eat-in kitchen with an abundant counter, twin islands,…
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Joseph Ambler Inn in North Wales Sells to Local Real Estate Investor
After four decades with its original owner, the 52-room Joseph Ambler Inn has now been sold to Milind Satam, Jeetu Satpute and other real estate investors for $5.725 million, plus additional costs, writes Emma Dooling for the Philadelphia Business Journal. The new owner said the property will continue operating as a hotel. As an independent…
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The Devon Senior Living Bought by North Jersey Operator
The Devon Senior Living has been purchased by Juniper Communities, a North Jersey-based operator of senior living facilities, for an undisclosed sum, writes John George for the Philadelphia Business Journal. The property was sold by AlerisLife, based in Massachusetts, which acquired the Chester County community in 2008 for $4.65 million. The company stated earlier this year that it was planning to sell the assets while winding down operations. The property spans 90,865…
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Bala Cynwyd Investor Sells North Wales Industrial Portfolio at Nearly 50 Percent Premium
Velocity Venture Partners, based in Bala Cynwyd, has sold a seven-building industrial portfolio in North Wales for nearly 50 percent more than its purchase price from three years ago, writes Paul Schwedelson for the Philadelphia Business Journal. The Montgomery County investor sold the seven industrial properties to NorthBridge of Wakefield, Massachusetts, for $22.2 million. The…
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With a Hand from Firstrust Bank, Frankel Enterprises Partners with PHDC to Deliver Affordable Homeownership
As Philadelphia continues to grapple with a shortage of affordable housing, a new partnership between the Philadelphia Housing Development Corporation (PHDC) and Frankel Enterprises, a civic-minded and forward-thinking real estate development firm, is helping qualified residents unlock the door to homeownership. Through PHDC’s Turn the Key initiative, Frankel Enterprises is developing more than 100 newly…
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