Real Estate
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Philadelphia is Northeast’s Most Affordable City to Live
Homes are edging toward even more affordable levels in the Northeast’s most affordable city to live, according to a Philadelphia magazine report by Sandy Smith on the latest affordability data from HSH.com. The annual salary you’d need to buy a median-priced home within the Philadelphia metro area dropped $314 over the last quarter to $53,108.…
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House of the Week: Historic Farmhouse with a Modern Twist in West Chester
Settled on 12 lush acres and overlooking the rolling green fields of Chester County, this 1780 farmhouse regularly hosts visitors on Chester County Day with its two living spaces, the main house and its historic Bank Barn, writes Mary-Margaret Ewens for Philadelphia magazine. The front door of the main house is located on its second…
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House of the Week: Modern Space Tucked Away in Wooded Wayne
The Wayne real estate market is shining light on a midcentury modern house that’s conveniently tucked away in beautifully wooded surroundings. Showcasing a trademark Robert McElroy design with floor-to-ceiling windows and an open floor plan, 356 Pugh Road is a breath of fresh air, according to its Curbed Philadelphia profile by Melissa Romero. The 1970s-built…
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Redeveloped ArborRidge Office Complex in Malvern Sells for $24 Million
Proving the strength of the local real estate market, another office complex in Malvern, ArborRidge, has been sold for $24.3 million, writes Natalie Kostelni for the Philadelphia Business Journal. Located off Swedesford Road, the three-building, 128,627-square-foot complex has been purchased by Bryn Mawr’s Pembroke Hobson, which specializes in buying real estate in the suburbs. The…
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More Luxury Homes Headed for Auction
In a real estate market that’s been unkind to high-end home sellers, more and more owners are thinking outside the one-by-one showings, and instead sending their luxury homes to auction. Malvern’s 221 Spring Road is a prime example. “Every market has a threshold above which homes are difficult to monetize,” Concierge Auctions spokeswoman Krystal Aeby…
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Influx of New Developments Motivating Landlords to Revamp Their Suburban Properties
Thanks to the influx of new developments in the suburbs, owners of Class B apartments are starting to invest heavily in renovating their properties in a preemptive move to stay competitive, writes Natalie Kostelni for the Philadelphia Business Journal. These older buildings in areas such as King of Prussia and Phoenixville are getting new granite…
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Local Architect, Realtor Discuss Unique Stance on Home Additions with Wall Street Journal
Every square foot often counts in a hot housing market such as Chester County’s, but in some cases, poorly-thought-out additions can actually hurt a home’s resale value, writes Stefanos Chen for The Wall Street Journal. In fact, scaling back a home can be beneficial as it could widen the buyer pool, and in some markets,…
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Malvern’s Liberty Property Trust Has Extension Before Digging into Camden Waterfront
An extra two months will help Malvern-based Liberty Property Trust prepare for the first visible signs of its massive $1 billion transformation of the Camden waterfront into an iconic skyline. Liberty just received the extension on the project’s due diligence phase from the state of New Jersey, which is providing lucrative incentives through its Grow…
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House of the Week: Spectacular Malvern Farmhouse with Deep Local Roots
A stunning home at Bryn Ddeu-Faen in Malvern that was created by combining a 1700s farmhouse with a mid-1800s field master’s house is up for sale for $2.7 million, writes Sandy Smith for Philadelphia Magazine. The wing that connects the two houses provides a formal living room equipped with a beautiful fireplace and a lovely…
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Downingtown Couple Buys Loch Aerie Mansion, Aims to Transform It into Wedding Venue
The Loch Aerie Mansion’s admirers, and there are many of them, no longer have to fret about its future. The Swiss-Gothic manor – built in 1868 by famed architect Addison Hutton for owner William Lockwood, who made his fortune manufacturing paper shirt collars – is in good hands. (Lockwood called the estate Glenloch, Scottish for…
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Natural Charm, Open Space, Road System Earns Uwchlan, Uwchlan Township Upbeat Philly.com Review
Anyone looking to live in an area that showcases the natural charm and beauty unique to Chester County should look no further than Upper Uwchlan and Uwchlan Township, writes Alan J. Heavens for Philly.com. Both townships offer primarily single-family detached houses, mostly built in the 1970s and 1980s in a Colonial style, with four bedrooms…
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New Meridian at Eagleview Sets Standard for 55-and-Older Living in Chester County
Forget migrating south for retirement. Take a tour through the Meridian at Eagleview – a new complex of luxury apartments for the 55-and-older crowd in Exton – and you’ll have trouble locating Florida on a map. Last Thursday, the Hankin Group hosted an open house for the unveiling of its latest project, and visitors were…
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House of the Week: Honey Brook Retreat with Backyard Oasis
Beyond the hustle and bustle of city life sits a magnificent, 1.1-acre oasis in Honey Brook, right on Struble Lake. An awe-inspiring, in-ground pool and hot tub with new heater – as well as a custom, multi-tiered deck, giant gazebo, and pool house – feature prominently in the backyard at 207 Shore Line Drive. And…
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Chadds Ford Live: Hope Fading for Saving Historic Crebilly Farm
Despite attempts by residents, historians, and preservationists to save historic Crebilly Farm situated at the intersection of Routes 202 and 926 in Westtown Township from development, their hopes of success are fading, writes Kathleen Brady Shea for Chadds Ford Live. After Horsham’s Toll Brothers obtained an agreement to buy the 330-acre property in July, it…
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Swedesford Road Building Managed by Advantage Building & Facility Services Win Regional Award
A Swedesford Road commercial office building managed by West Chester-based Advantage Building & Facility Services won a prestigious award given out by Building Owners and Managers Association (BOMA) of Philadelphia at their award banquet last week. Arbor Ridge, located at 70-74 E. Swedesford Road in Malvern, was awarded The Outstanding Building of the Year (TOBY)…
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Hoping to Address Opposition, Kahn Shrinks Urban Outfitters portion of Devon Yards Project
Following the controversial development proposal which pitted neighbor against neighbor in Devon, Urban Outfitters and E. Kahn Development have come up with a scaled down proposal they hope will be embraced by everyone, writes Natalie Kostelni for Philadelphia Business Journal. The original plan for Devon Yards had both support and opposition, with neighbors putting up…
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Significant Number of Jersey Shore Property Owners from Wayne, West Chester
An astonishing number of residents of West Chester, Malvern, Wayne, and Newtown Square have a second property along the Jersey Shore, according to a staff report from the Philadelphia Inquirer. Tax records of the New Jersey Department of Treasury indicate how much of a draw the Jersey Shore is for residents of suburban Philadelphia. Particularly…
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Exton Square Mall Proudly Introduces Amazon Lockers
Last week, PREIT proudly revealed an industry first by announcing it is offering Amazon Lockers at Exton Square Mall and 14 other of its East Coast locations, according to a staff report from the Daily Local News. In the statement, PREIT said it is showing its commitment “to bringing innovative offerings to consumers, to adapt…
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