Real Estate
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DNB First House of the Week: Custom-Built Victorian with Heavenly Views in Spring City
A custom-built Victorian with five bedrooms and two and a half bathrooms is available for sale in Spring City. Set on a 3.7-acre lot on one of Chester County’s highest peaks, the property offers heavenly views as far as the eye can see. Inside, the home is filled with plenty of natural light thanks to…
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Take Two: Private Equity Firm Agrees to Buy Chesterbrook Corporate Center … Again
In its second attempt to buy the Chesterbrook Corporate Center, Rubenstein Partners has put the office park under agreement for $148.5 million, writes Natalie Kostelni for the Philadelphia Business Journal. The transaction is expected to close within the next 75 days, if the acquisition stays on track. Rubenstein previously had Chesterbrook along with Glenhardie, a…
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DNB First House of the Week: Converted Barn a One-of-a-Kind Gem in Downingtown
An incredible converted barn set on a 3.7-acre lot with three bedrooms and four bathrooms is available for sale in Downingtown. Among the highlights inside is its quaint and cozy den with stone walls and cherry wood bookshelves. Meanwhile, the oversized kitchen offers an extra-large center island, state-of-the-art appliances, and a charming breakfast nook with…
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DNB First House of the Week: Tudor-Style Home on 23 Acres in Lincoln University
A Tudor-style home with five bedrooms and three bathrooms set on nearly 23 beautiful acres is available for sale in Lincoln University. Entry to the masterfully renovated home is through a two-story, custom-tiled foyer. The adjoining family room offers a stone fireplace with gas insert and a wet bar. It opens to a charming eat-in…
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DNB First House of the Week: Contemporary Living in Tredyffrin Township
A spectacular home built in 2014 with five bedrooms and four and a half bathrooms is available for sale in Wayne, in Tredyffrin Township. The home is entered through a gorgeous foyer that leads into an open-space main level with vaulted ceilings. Among the highlights of this level are the stunning kitchen that opens onto…
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Kennett Square to Consider Zoning Amendment
StanAb, LP, a real estate development company based in West Chester, has proposed a Zoning Text Amendment that would pave the way to transform the 600 block of West State Street in Kennett Square. Currently the site of two auto repair garages and a Hertz rent-a-car center, StanAb hopes to replace the derelict buildings that…
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Sale of St. Charles Seminary Property Paves Way for Move to Delco
The property and buildings of St. Charles Borromeo Seminary in Wynnewood have been sold to Main Line Health, paving the way for the seminary’s move to Aston, near Neumann University, writes Matthew Gambino for CatholicPhilly.com. Price and details of the landmark sale have not been made public. It concludes a nearly seven-year process to sell…
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FROM DELCO: Community College Seeks OK in $55 Million Bid for Former Prendergast High School
Delaware County Community College is asking its 12 sponsoring school districts for a $55 million investment to buy the former Archbishop Prendergast High School building in Drexel Hill, writes Kevin Tusin for the Daily Times. The resolution allows the college to purchase and renovate the building at 403 North Lansdowne Avenue owned by the Archdiocese…
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PREIT Sells White Clay Point in New Garden Township to JPMorgan Chase
The Pennsylvania Real Estate Investment Trust has sold an undeveloped parcel of land known as White Clay Point in New Garden Township to JPMorgan Chase for $11 million, writes Richard Gaw for the Chester County Press. It is still unknown if the new owner plans to establish bank operations on the site or if the…
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DNB First House of the Week: 1790s Farmhouse Set on 10 Tranquil Acres in Phoenixville
A farmhouse set on 10 tranquil acres with four bedrooms and three and a half bathrooms is available for sale in Phoenixville. Originally built in the 1790s, the home brings together the best historic features and modern amenities and updates. The first floor features a beautiful dining room with wood-burning fireplace and breakfast nook, family…
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Chester County Home to 11 of the 30 Best Places to Buy a Home in Greater Philadelphia
Chester County is home to 11 of the 30 Best Places to Buy a Home in Greater Philadelphia, according to recently published analysis from Niche.com, writes Clara Lefton for the Philadelphia Business Journal. Niche.com used objective criteria to compile its rankings, measuring key factors of a location’s housing market. These include home values, taxes, crime…
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DNB First House of the Week: Victorian Converted into Multi-Family Home in West Chester
A Victorian home originally constructed in 1876 and updated and converted into an impressive nine-unit apartment building is available for sale in West Chester. Situated on a 0.58-acre lot, the well-maintained grand residence represents a perfect investment opportunity in a prime location. The property features 15 off-street parking spaces, along with seven one-car detached garages,…
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With Latest Sale, Liberty Property Trust Officially Exits from Local Office Park It Created
Liberty Property Trust has sold seven properties at the Great Valley Corporate Center to Philadelphia Suburban Development for $10.2 million, writes Natalie Kostelni for the Philadelphia Business Journal. The sale marks Liberty’s exit from an office park it created in Malvern. The sold properties are a mix of vacant office buildings and land. The undeveloped…
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DNB First House of the Week: 32-Acre Country Estate in Pennsbury Township
A country estate with nine bedrooms and eight and a half bathrooms is available for sale in West Chester, in the Unionville-Chadds Ford School District. Formerly known as the Padua Estate, the property is set on 32 breathtaking acres and has two in-ground pools. Entry is through a formal foyer featuring a dramatic step-floating staircase.…
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DNB First House of the Week: Main Line Masterpiece in Berwyn
A traditional home of unparalleled architectural design with six bedrooms and five and a half bathrooms is available for sale in Berwyn. This Main Line masterpiece is on a 2.6-acre property with sprawling terraces, stone fireplace, a pool, spa, waterfalls, and gardens. Among the highlights is the grand front-to-back foyer, gracious living and dining rooms,…
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FROM MONTCO: Hobby Lobby and Aldi Added to the King of Prussia Roster
The retail scene in King of Prussia continues to pad its lineup, adding a discount grocery chain and arts and crafts store to the roster. Aldi and Hobby Lobby will be setting up shop in the King of Prussia area, along the Henderson Road and Route 202 (DeKalb Pike) vicinity, where strip malls shopping centers…
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RE/MAX’s Michael Diggin Breaks Down Chester County’s Real Estate Market After First Quarter
In this video, Michael Diggin of RE/MAX Town & Country in West Chester provides a brief update on the real estate market in Chester County through the end of the first quarter of 2019. Chester County saw a 10.9 percent decrease in settlements through the first quarter of 2019, compared to the same quarter last…
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DNB First House of the Week: Historic Colonial of Impeccable Craftsmanship in Phoenixville
A colonial home steeped in history that boasts five bedrooms and three and a half bathrooms is available for sale in Phoenixville. Originally constructed in the early 1700s, the property combines historic integrity, architectural design, and impeccable craftsmanship. An addition to the home was added by Isaac Anderson in 1804. The home was then further…
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