Real Estate
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Chester County Home to Four of Region’s 15 Most Expensive Housing Markets
Chester County is home to four towns that are ranked among the 15 most expensive places to buy a home in Greater Philadelphia, according to a recently released ranking by Stacker. To compile the list, Stacker used data from Zillow, which compared a total of 235 cities and towns. Devon tops the list as the…
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What You Get for $350,000 in Philadelphia, Bucks, Montgomery, Chester and Delaware County
What does $350,000 get you across the Delaware Valley? The answer changes depending on where you look. In Bristol, it’s a mid-century ranch reworked for one-level living. In Jeffersonville, a townhome with fresh updates and a bit more privacy. East Oak Lane offers a twin with hardwood floors and outdoor space, while Coatesville’s Valley Spring…
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Philadelphia’s Largest Office Property to Go Up For Sale, Conversion Likely to Follow
Centre Square, the largest office property in Philadelphia, will soon go up for sale two years after it was foreclosed, writes Noah Zucker for BisNow. After the building at 1500 Market Street was foreclosed in the aftermath of the crowdfunding scandal involving Nightingale Properties CEO Elie Schwartz, CBRE became the court-appointed owner. According to Green…
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Developer Revises Landenberg Mixed-Use Build, Hopes to Entice Township
Stonewall Capital submitted a new proposal for the White Clay Point mixed-use development, without the planned indoor youth sports facility, writes Richard L. Gaw for the Chester County Press. The developer originally submitted its plans for White Clay Point in Landenberg on July 21 at the New Garden Township Board of Supervisors meeting. The proposal…
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First Bank House of the Week: Uniquely Picturesque Dutch in West Chester
A picturesque Dutch home on a one-acre lot with four bedrooms and two and a half baths is available for sale in West Chester for $964,900. . . This distinguished residence exudes timeless charm and meticulous care, reflecting 45 years of loving ownership. Elegant details include wainscotting, custom built-ins, cedar closets, and updated light fixtures…
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Upper Darby School District Closes on Shuttered Hospital Purchase
The Upper Darby School District closed a deal Friday with Prospect Medical Holdings to purchase the former Delaware County Memorial Hospital and two other structures on the Drexel Hill property for $600,000, writes John George for the Philadelphia Business Journal. The Crozer Health hospital has been closed since November 2022. Prospect Medical, owner of Crozer…
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Philadelphia Region Is Prime Market for Mansions
The Philadelphia region ranks among the top markets in the country for mansions, with 32,400 properties located throughout the area, according to a new analysis by Zillow, writes Michaelle Bond for The Philadelphia Inquirer. Zillow defines mansions as homes that have 5,000 square feet or more of finished living space. In the region, the median…
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Union League to Add Sleek New Ballroom at Liberty Hill in Lafayette Hill
The Union League of Philadelphia is planning a major addition to its Liberty Hill golf course in Lafayette Hill, writes Ryan Mulligan for the Philadelphia Business Journal. The new Liberty Ballroom will feature floor-to-ceiling windows, two levels of event space, and room for up to 450 guests. Designed for weddings, galas, and corporate events, it…
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First Bank House of the Week: Charming Farmhouse in Coatesville
A charming farmhouse on 2.56 acres with three bedrooms and two and a half bathrooms is available for sale in Coatesville. . . This beautiful residence offers a seamless blend of historic charm and modern comforts. Distinctive details include exposed brick, deeply recessed windows, thick stone walls, wood flooring, and vaulted ceilings. Highlights of the…
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Former Elementary School Property in Levittown Acquired by Pulte Homes, with Plans for 66 Townhomes
The former Eisenhower Elementary School site in Levittown has found its new owner in Pulte Homes, which plans to build 66 townhomes on the 14-acre property, writes Paul Schwedelson for the Philadelphia Business Journal. The developer paid $4.1 million to CIBC Foundation for the site. Over the past decade, the former elementary school has been…
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Home Sellers Cut Prices on Roughly Quarter of June Listings in Philadelphia Region
Home sellers in the Philadelphia region lowered prices on about 24 percent of listings in June, during a time when the market is typically busy in the spring, writes Michaelle Bond for The Philadelphia Inquirer. According to Zillow, that is an increase from about 21 percent compared to the same time last year. While more…
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Cheap Rents Disappearing Throughout Pennsylvania As Luxury Rentals Rise
Cheap rents are becoming increasingly scarce in Pennsylvania while the number of luxury rentals continues to rapidly rise, write Mike D’Onofrio and Sami Sparber for AXIOS. This is a growing affordability issue in a state where buying a home is impossible for many due to the high prices and rising mortgage rates. Pennsylvania has recorded…
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Fort Washington’s Toll Brothers Set $1.6M Starting Home Prices for New Bucks County Community
Fort Washington-based Toll Brothers has set the starting home prices at $1.6 million for homes in its newest Bucks County community, Lyondale Meadows, located in Newtown, writes Ryan Mulligan for the Philadelphia Business Journal. The development will feature 45 homes, with sales opening in the fall. The luxury homebuilder acquired the 61-acre parcel in late…
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BET Investments Proposes New Mixed-Use Town Center and Community in Plymouth Meeting
BET Investments has submitted sketch plans to transform a decades-old office park in Plymouth Meeting into a vibrant mixed-use community, the company announced in a press release. The Conshohocken Ridge Corporate Center would become Plymouth Crossing, a modern live-work-play destination featuring 200 apartments, 20,000 square feet of retail, and a full-service grocery store. The existing…
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Conshohocken’s Idle Steel Mill Property Draws a Bidding War for ‘Generational’ Opportunity
Cleveland-Cliffs, Conshohocken’s former steel mill, is up for grabs and drawing a lot of attention, writes Paul Schwedelson for Philadelphia Business Journal. The riverfront property has tapped real estate brokerage Binswanger to sell the idled 66-acre plant tucked between I-76 and the Blue Route. Though currently zoned for industrial use, the site could transform into…
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Destroyed Levittown Lanes Bowling Alley Set to Become Apartment Building
Levittown Lanes, a family-run bowling alley destroyed three years ago in a three-alarm fire, is now set to become an apartment complex, writes JD Mullane for the Bucks County Courier Times. Falls Township supervisors gave the green light for a three-story, 24-unit apartment complex to be constructed at 8815 New Falls Road. The one- and…
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First Bank House of the Week: Stunning Contemporary in Malvern
A stunning contemporary home on five acres with six bedrooms and three and a half bathrooms is available in Malvern. This extraordinary residence offers refined living across a thoughtfully renovated 6,635 square feet of elegant design and craftsmanship. Distinctive details include custom marble floors, soaring 22-foot ceilings, and custom built-ins. . . Among the standout…
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Former Eagles Star from West Chester Expands Real Estate Portfolio into Bucks County
Brent Celek, a West Chester resident and former Philadelphia Eagles tight end, recently expanded his real estate portfolio with a Bucks County shopping center, writes Jeff Blumenthal for the Philadelphia Business Journal. Celek began preparing for life after football well before his NFL career ended. He opened a restaurant in Philadelphia but grew disillusioned by…
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