Real Estate
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‘Exploding Offer’ on Wynnewood Home Underscores Unrelenting Market Heat
While housing markets in some parts of the country are finally starting to cool, Montgomery County is only getting hotter, with homes frequently selling before they even get listed publicly, writes Ryan Mulligan for the Philadelphia Business Journal. Robin Gordon of Berkshire Hathaway HomeServices and her team, the Robin Gordon Group, kicked off the year…
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First Bank House of the Week: Private Chester Springs Estate with Designer Finishes
Check out an extraordinary Chester Springs property on 540 Worthington Road listed at $1,599,000. It blends timeless colonial design with high-end modern finishes in the coveted Downingtown East School District. . . Situated on a serene 1.25-acre lot, this five-bedroom, 4.5-bath home is a masterclass in craftsmanship and detail. Step through double glass doors onto…
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Toll Brothers Acquires Site of Former St. Basil’s Academy, Plans for Senior Living Homes
Toll Brothers has purchased the 46-acre site of the former Saint Basil Academy in Jenkintown for $9.5 million, writes Paul Schwedelson for the Philadelphia Business Journal. The Fort Washington-based luxury homebuilder plans to transform the former school grounds into a 150-home age-restricted carriage home community for buyers 55 and older. The property, located at 711…
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Anthology Senior Living in King of Prussia Sells for $27M
Anthology Senior Living in King of Prussia has been sold for $27.4 million to Ohio-based real estate investment trust Welltower, about four years after its completion, writes Paul Schwedelson for the Philadelphia Business Journal. The 11-story senior living building, previously owned by Chicago developer CA Ventures, spans 255,000 square feet and was the tallest building…
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Toll Brothers Buys Property Next to Chalfont Wawa for 44-Home Project
Toll Brothers purchased an 8.6-acre property in Chalfont next to Wawa for $2.5 million, where it plans to develop 44 townhomes, writes Paul Schwedelson for the Philadelphia Business Journal. The Fort Washington-based company bought the property near the intersection of West Butler Avenue and County Line Road from CTP Management. Each home will have three…
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Newly Minted Berwyn at Ember Apartment Complex Sells for $96.5 Million
Pantzer Properties, a New York real estate firm, has purchased an 18-month-old apartment building in Berwyn for $96.5 million from developers Bozzuto and Echo Realty, writes Ryan Mulligan for the Philadelphia Business Journal. The deal is the largest publicly recorded multifamily sale in the Philadelphia region so far this year. The 250-unit Ember at Berwyn,…
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First Bank House of the Week: Kennett Square Estate Blends Classic Charm with Contemporary
Located in Kennett Square is a captivating residence located at 834 Marlboro Spring Road, listed at $1,700,000. Set on a private 1.85-acre lot, this home offers expansive views of the surrounding countryside. . . Its traditional exterior welcomes you into a modern interpretation of the classic farmhouse, seamlessly blending timeless character with contemporary design elements.…
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WSJ: Main Line Traditions with Million Dollar Views in Gladwyne
Gladwyne is a small but prestigious Main Line community where historic mansions meet modern luxury, writes Jessica Flint for the Wall Street Journal. Once a retreat for wealthy Philadelphians thanks to the expanding Pennsylvania Railroad, this roughly five-square-mile gem remains one of Pennsylvania’s priciest places to live—with a median home listing price of $3.7 million…
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Builder Wants to Add More Units to Planned Development at Burger King Site in West Chester
The plans for the housing development at the former Burger King restaurant site in West Chester have changed, with the prospective builder adding more units, writes Bill Rettew for The Daily Local News. However, with the change to the rules on how many parking spaces have to be incorporated into new housing developments adopted by…
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One Chester County Town Among Best Places to Live in America, Two Make Top 250
One Chester County town is ranked among the top three places to live in the United States, with two others in the top 250, writes Ryan Mulligan for the Philadelphia Business Journal. Niche recently released its annual rankings, based on data from the U.S. Census Bureau, the FBI, the Department of Education, the IRS, and…
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First Bank House of the Week: $1 Million Spacious Colonial with Wine Cellar in Paoli
Listed for $1,000,000, 1580 Maple Avenue in Paoli is a classic, meticulously maintained center hall colonial. It is located in Tredyffrin Township, part of the nationally acclaimed Tredyffrin-Easttown School District. . . Tucked on a quiet street with a cul-de-sac at each end, this 4-bedroom, 2.5-bathroom home offers timeless charm, modern upgrades, and an ideal…
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GES Returns to Hankin Group’s Eagleview Corporate Center in Exton
Groundwater & Environmental Services, Inc. (GES), a full-service, privately-owned environmental consulting firm, has executed a lease agreement for 9,524 square feet of office space at 410 Eagleview Boulevard in Exton. With 28 offices in more than 19 states, Puerto Rico, and the U.S. Virgin Islands, Hankin Group’s space at 410 Eagleview Boulevard will be home…
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Abrams Realty Buys Exton Square Mall, Plans to Build New Homes and Limited Commercial Space
Exton Square Mall officially has a new owner as of Tuesday, with PREIT selling the beleaguered property to Abrams Realty & Development, writes Jake Blumgart for The Philadelphia Inquirer. Elkins Park-based Abrams plans to demolish most of the existing complex and build housing and some commercial space. PREIT, which emerged from its second bankruptcy last…
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First Bank House of the Week: Luxurious Chadds Ford Estate with Pool and Home Theater
A magnificent estate in Chadds Ford has entered the market with a list price of $3,975,000. This expansive property offers a blend of luxury and comfort, providing an exceptional living experience for discerning buyers. Spanning over 13,000 square feet, this residence features five spacious bedrooms and seven full bathrooms, along with additional half-bathrooms to accommodate…
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Kimberton Whole Foods Signs Warehouse Lease at Hankin Group’s Haywood Business Park
Kimberton Whole Foods, an independent, family-owned, and operated organic grocer, will lease 17,500 square feet of warehouse space at Hankin Group’s Haywood Business Park in Exton. The warehouse is located at 711 Haywood Drive, the first of two new 35,000 square-foot flex/industrial speculative buildings designed for light manufacturing and assembly, warehouse, or research and development…
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Renovated Wayne Office Building Secures Three New Leases Totaling 80,000 SF
A newly renovated Wayne office building has secured three new leases, including one with Comcast Advertising, totaling 80,000 square feet, writes Ryan Mulligan for the Philadelphia Business Journal. The largest lease at 1111 Old Eagle School Road is 38,572 square feet for iPipeline, the software development firm’s headquarters. Comcast is leasing 32,600 square feet, while…
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18th-Century Kimberton Farmstead Hits Market
A stunning 18th-century farmstead in Kimberton with the original house dating back to 1745 recently hit the market for $1,295,000, writes Sandy Smith for the Philadelphia Magazine. This beautiful home sits by a weathered bank barn that was most likely built around the same time. The lovely residence has seen many additions and thoughtful updates…
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First Bank House of the Week: Luxurious Multi-Room Estate in Malvern
A magnificent estate at 52 Mountain Laurel Lane in Malvern is now on the market for $3,495,000. This 14,000-square-foot home offers six bedrooms and 6.5+ bathrooms, blending exquisite design with modern luxury. . . The home features six generously sized bedrooms and 6.5+ bathrooms, ensuring ample space for family and guests. The interior boasts high-end…
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