Community
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From CHESCO: Phoenixville’s Revitalization a Lesson to Other Downtrodden Towns
Phoenixville’s revitalization is the result of a decades-long campaign to redefine the town and attract new life and reinvestment in the borough, writes Graham Copeland for the Philadelphia Business Journal. Phoenixville has risen from the ashes and is once again a jewel of Chester County. It has welcomed new apartments, shops, and restaurants, all of…
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Region’s Supply of Apartments May Soon Exceed Demand
With the number of multi-family development projects continually increasing in the suburbs, the supply of apartments for rent may soon exceed demand, writes Natalie Kostelni for the Philadelphia Business Journal. At the end of last year, there were more than 16,060 units in 68 projects in various stages of development. Multifamily projects are being either…
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Keystone Property Group Plans to Expand Its Office Complex in Tinicum
Keystone Property Group plans to expand its three-building office complex in Tinicum, writes Natalie Kostelni for the Philadelphia Business Journal. The developer plans to add an Airport Business Center at the intersection of Stevens Drive and Governor Printz Boulevard. It will consist of a 428,734-square-foot addition to one of the existing buildings. The expansion will…
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Safeguard Scientifics in Radnor to Undergo Leadership Shakeup
Safeguard Scientifics CEO Stephen Zarrilli, CFO Jeffrey McGroarty, and a senior vice president are stepping down from their positions at the Radnor company, writes Michelle Caffrey for the Philadelphia Business Journal. The move follows pressure from activist investors who are blaming the company’s current management team for its recent financial struggles. Zarrilli will retire at…
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From CHESCO: COO of Hankin Group: ‘There’s a Lot of Pent-Up Demand’ for Apartment Living
Due to the surge in development activity, close to 2,000 new residential units are expected to hit the Downingtown and Exton markets over the next few years, writes Natalie Kostelni for the Philadelphia Business Journal. In addition to apartment complexes, townhouses and single-family homes are also being developed in the adjacent communities. The projects currently…
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Democratic Candidates for Newly Formed Fifth District’s Congressional Seat Look Promising
Scores of Democrats in Delaware County recently gathered in Upper Darby High School’s auditorium to watch a debate among 13 of the 14 candidates on the primary ballot for the congressional seat of the newly formed Fifth District, writes Dave Davies for WHYY. The debate was organized for the 800-plus members of the Delaware County…
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Springfield Native, English Major at Neumann Places Second in National Writing Competition
Neumann University junior Bettina Bowers’s research paper, “Mandatory Vaccinations in the United States,” won second place in the Delta Epsilon Sigma National Competition in Creative and Scholarly Writing. The contest was open to undergraduates attending institutions that have a Delta Epsilon Sigma chapter. Manuscripts were submitted in five categories: poetry, short fiction, creative nonfiction/personal essay,…
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Haverford High Grad, Former Reality Television Star Dies at 43
Havertown native Brian Lancaster, who competed on MTV’s Road Rules: Latin America in 1999, recently died in his Phoenixville home at the age of 43, writes Nick Vadala for the Philadelphia Inquirer. Family members said they suspect that heart failure was the cause due to his history of arrhythmia. Lancaster, a Haverford High graduate, participated…
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Inspired by Radnor High School, ‘Grease’ to Return to Big Screen for 40th Anniversary
Danny Zuko and Sandy Olsson will once again fall in love on big screens across the country, as Grease, the world-famous musical that was inspired by Radnor High School, is returning to theaters for its 40th anniversary, writes Nick Vadala for the Philadelphia Inquirer. The movie was originally released four decades ago on June 16,…
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PECO Files for Electricity Rate Increase
Needing higher rates to cover its higher costs and to pay for enhancements to its distribution system, PECO – the utility that serves around 1.6 million customers in southeastern Pennsylvania – aims to increase electricity rates by 2.2 percent on Jan. 1, writes Andrew Maykuth for the Philadelphia Inquirer. The change would increase the monthly…
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Villanova’s Championship Parade Sparks Debate About Its Status as a Philadelphia School
The parade honoring the Villanova basketball team as this year’s NCAA champion has sparked debate on social media about whether the Delaware County-based school is also a Philadelphia one, writes Brian Hickey for PhillyVoice. A number of people believed that the celebration should have paraded down Lancaster Avenue, instead of through Center City. Meanwhile, others…
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New Bill Could Potentially Shrink Pennsylvania’s Legislature
A new bill recently approved by Pennsylvania’s House of Representatives could potentially reduce the number of reps in the state legislature, writes Katie Meyer for WHYY. Currently, Pennsylvania has the largest full-time legislature with 203 members in the House and 50 in the Senate. The effort to downsize the number of the House by 52…
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Chester High Basketball Players Learn a Code for Success Off the Court
Chester High School is hoping to bring some of its renowned success on the basketball court to its new, one-of-a-kind coding club, writes Kathy Boccella for the Philadelphia Inquirer. Players from the boys and girls teams at Chester High are hoping to expand their career options by learning high-tech skills and convince their peers that…
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Villanova’s Capital Campaign Hits Another Milestone
Villanova University’s five-year capital campaign, which had aimed to raise $600 million, recently passed the $750 million mark, writes Michelle Caffrey for the Philadelphia Business Journal. “For the Greater Great: The Villanova Campaign to Ignite Change” started in the fall of 2013 and is set to wrap up May 31. One of the things that…
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Haverford High Grad Is Peerless After Reaching Milestone as Women’s Lacrosse Coach at Navy
Haverford High School graduate Cindy Timchal became the first lacrosse coach at the Division I level to win 500 games after the Navy women beat Holy Cross, 19-7, last weekend, write Bill Wagner for The Capital Gazette and Adam Zielonka for The Washington Times. “Five hundred wins are the players; all the losses are the…
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Former Swarthmore College President, Vice Chancellor at NYU in Abu Dhabi to Retire … Again
When he decided to retire from his position as president at Swarthmore College a decade ago, Al Bloom did not expect his retirement to be so short, writes Roberta Pennington for The National. In 2008, two days after announcing that he was stepping down after 18 years at the helm of Swarthmore, Bloom received a…
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Franklin Mint Federal Credit Union Announces New CEO
Franklin Mint Federal Credit Union has named Michael Magnavita its new CEO. Magnavita has served as executive vice president and chief financial officer at FMFCU, which last year moved its headquarters from Broomall to Chadds Ford, since 1993. He started his FMFCU career in 1987 as assistant vice president and controller. “The board of directors…
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DNB First House of the Week: Contemporary Mansion in Chadds Ford
A contemporary mansion with five bedrooms and four full and two half bathrooms is available for sale in Chadds Ford. This spacious home is set on a gorgeous wooded lot. The circular driveway leads to the two-story foyer that opens into the formal dining room and living room with two-sided fireplace. The large gourmet kitchen…
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