Real Estate
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Parkview Tower in King of Prussia Heads to Sheriff’s Sale with Over $27M in Debt
Parkview Tower in King of Prussia, owned by West Conshohocken-based real estate firm Keystone, is scheduled to go to sheriff’s sale, writes Paul Schwedelson for the Philadelphia Business Journal. The Montgomery County Sheriff’s Office has listed the 10-story, 221,000-square-foot building on the online auction platform Bid4Assets, with the sale scheduled to take place on July…
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Five Port Richmond Stores Purchased By Cleveland Real Estate Firm, One Conversion to Occur
Curbline Properties, a suburban Cleveland-based real estate firm, has purchased five commercial properties along Aramingo Avenue in Port Richmond for approximately $14.8 million, writes Erin McCarthy for The Philadelphia Inquirer. The properties include a Wawa, a Dunkin’, and an Applebee’s, as well as a former Rite Aid that is currently in the process of being…
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Historic Wayne Estate Tied to John F. Kennedy Campaign Lists for $5 Million
Fairhill, a stunning Wayne home believed to have hosted a campaign speech by former President John F. Kennedy, is now on the market for $5 million, writes Ryan Mulligan for the Philadelphia Business Journal. Completed in 1903, this five-bedroom, six-bathroom stone residence spans 6,155 square feet and was designed by renowned Philadelphia architect Wilson Eyre,…
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Influx of Celebrities Driving Real Estate Prices Up in New Hope
Celebrities flocking to New Hope are driving up real estate prices, making it unaffordable for many who had hoped to call this quiet hot spot home, writes Julie Gerstein for Realtor.com. The interest in New Hope is partly due to its location, which is roughly halfway between New York City and Philadelphia. People are also…
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Meridian Bank House of the Week: Exquisite Manor in Doylestown on Market for $5 Million
An exquisite manor on 11.07 acres with five bedrooms and four full and two half bathrooms is available for sale in Doylestown. . . This elegant residence offers a perfect blend of historic charm and modern luxury. Sophisticated features include radiant heated floors, a bar area, and gleaming hardwood floors throughout. Among the standout elements…
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TF Cornerstone, Now Sole Owner of Historic Wanamaker Building, Reveals Conversion Plans
New York City real estate developer TF Cornerstone has officially solidified its full ownership of the historic Wanamaker Building in Center City, writes Noah Zucker for BisNow. After initially purchasing the building’s first three floors in 2019, the developer later acquired the fourth through 12th floors and 660 parking spaces in its underground garage last…
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Collegeville Office Buildings Sell to Globus Medical with Staggering Price Cut
Two office buildings in Collegeville have sold to Audubon-based Globus Medical for $6.2 million, marking an 81 percent drop in value since their last sale in 2018, writes Paul Schwedelson for the Philadelphia Business Journal. The buildings, located at 200 and 400 Campus Drive and previously known as Highview I and Highview II, are currently…
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Power Home Remodeling Expanding Chester Headquarters, 100s to be Hired
Power Home Remodeling has signed a 250,000 square-foot lease in Chester as it looks to expand its headquarters there, writes Ryan Mulligan for Philadelphia Business Journal. The expansion will also mean hiring 300 to 400 new workers. The 12-year lease adds 65,000 square feet to Power’s headquarters at the Wharf at Rivertown, the former Delaware…
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The Neshaminy Mall Needs a Makeover. Here’s What Locals Suggested
Everyone agrees the once-thriving Neshaminy Mall is in desperate need of some updates, writes Dino Ciliberti in the Patch. The 1 million square foot mall was a popular attraction in Bensalem Township, with people traveling from everywhere to shop. When Mayor Joseph DiGirolamo noted the mall needed a transformation, many locals were quick…
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Work Begins on Toll Brothers’ Royersford Development Featuring 30 Homes Starting at $1 Million
Fort Washington-based Toll Brothers has begun site work on its Royersford development, which will feature 30 single-family homes that will start at $1 million, writes Paul Schwedelson for the Philadelphia Business Journal. The luxury homebuilder purchased the 23-acre site at 183 Kline Road for $5.1 million in November. It sits just south of The Court…
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Philadelphia Housing Authority CEO Has $6.3 Billion Plan to Address Philly Public Housing
The Philadelphia Housing Authority and its CEO Kelvin Jeremiah are on the verge of embarking on a $6.3 billion strategy to help address Philadelphia’s public housing challenges, writes Jake Blumgart for The Philadelphia Inquirer. The goal is to overhaul all 13,000 of its existing properties, building 3,000 new units, and buy 4,000 additional units in…
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Lower Makefield Approves 47-Home Development on Wright Farm
A 47-home development on the former Wright Farm has received the official go-ahead from Lower Makefield Township officials following more than 18 months of discussion and planning, writes Lacey Latch for the Bucks County Courier Times. DeLuca Homes, a local homebuilder, purchased the 49-acre parcel last year. Construction is projected to last between two and…
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Best Time of Year to Sell Home in Philadelphia Area Is Approaching
Homeowners aiming to maximize their sale price should begin preparations, as the best time of year to sell a home in the Philadelphia region is quickly approaching, writes Michaelle Bond for The Philadelphia Inquirer. Zillow’s 2024 home sales analysis shows that early June yields the highest sale prices in the Philadelphia metro area. Homes listed…
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Meridian Bank House of the Week: Luxury Living in a $4.4M New Hope Estate
Elegance, privacy, and masterful design converge at 6000 Atkinson Road, a remarkable Bucks County estate listed at $4,440,000. Tucked away at the end of a lavender-lined private drive in New Hope, this 3.8-acre property offers a rare blend of timeless architecture and modern luxury. . . Originally built by Stevenson Builders and recently reimagined, the…
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Explore Three Restored Bucks County Homes That Preserve Historic Architectural Legacy
Pennsylvania’s legacy continues to live through many of its beautifully restored historic estates, including several in Bucks County that are currently on the market, writes Jon Dykstra for the Home Stratosphere. A gorgeous stone farmhouse in Pipersville dates back to 1785 and seamlessly blends historic charm with modern function. The beautifully restored four-bedroom, five-bathroom home…
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Fort Washington Developer Purchases 61-Acre Newtown Site to Build 45 Single-Family Homes
Fort Washington-based Toll Brothers has paid $6.98 million for a 61-acre Newtown site where it plans to build 45 single-family homes, writes Paul Schwedelson for the Philadelphia Business Journal. The undeveloped site is located at 107 Twining Bridge Road, next to All Saints Cemetery. It was acquired from Philadelphia Catholic Cemeteries, part of the Archdiocese…
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Beagle Hill Farm in Malvern Up For Grabs After Extensive Transformation
Beagle Hill Farm, a stunning estate featuring a beautiful 1821 traditional farmhouse with a rich legacy, has recently hit the market in Malvern, writes Mathew Abraham for MSN. Set on 14.8 acres, this home blends classic architectural charm with modern luxury. Elegant details like white oak hardwood floors, arched doorways, and a curved oak staircase…
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New Owner Sells Fairless Hills Wawa Site for $6.5M, Eyes Future of Former Big Lots Space
Four months after purchasing the Fairless Hills Shopping Center, discount retail chain Ocean State Job Lot has sold the property’s Wawa site for $6.5 million, writes Paul Schwedelson for the Philadelphia Business Journal. The Rhode Island-based retailer sold the parcel at 530 Lincoln Highway in Fairless Hills in an off-market deal to a private buyer.…
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