The much-anticipated breakthrough redevelopment project in Coatesville could be a block-long transformation of the former Lipkin furniture store into street-level retail stores and 44 market-rate apartments.
Not far from the Coatesville Flats — the subject of much redevelopment discussion — a $15 million to $17 million development idea is taking shape thanks to Legend Properties and its affiliate, DEPG Associates, the Philadelphia Business Journal recently reported.
“Other developers have talked about doing something in Coatesville, but nothing ever happened,” Legend’s Jim DePetris said in the article. “We’re really committed to this, and we’re going to see it through. We’re already deeply invested.”
Closing on the purchase of the old Lipkin building was a significant step, but Legend will also need state funding. Fortunately, “newly elected state Rep. Harry Lewis grew up in Coatesville and is hopeful his new position could somehow help push the community toward revitalization,” the article stated.
Read more about Legend’s proposal and hope to break ground by the fall of 2016 in the Philadelphia Business Journal here.
Top Photo Credit: PBJ