Real Estate
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Meridian Bank House of the Week: Doylestown Estate with Pool, Pond, and Private Bridge
A private bridge and tranquil pond set the tone for 3516 Wellsford Lane, a stately Doylestown estate on the market for $2.3 million. Built in 2009 by Trueblood Design/Build, this 5-bedroom, 6-bathroom custom home offers nearly 7,000 square feet of meticulously crafted living space across 3.14 lush acres. . . From the coffered ceilings and…
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Stunning Equestrian Estate Hits Market in Furlong
Located in the heart of historic Bucks County in Furlong, Fieldstone Farm is a stunning equestrian estate that seamlessly combines 18th-century craftsmanship with modern luxury, writes B&B Luxury Properties. This remarkable property that was built in 1747, is set on more than 100 gorgeous acres, and has recently hit the market for $5,795,000. The farm…
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New Analysis Reveals How Much Penn Owns in University City Real Estate
The University of Pennsylvania trustees own more than $3.3 billion in real estate in University City, three times more than any other educational institution in the region, writes Emily Scolnick for The Daily Pennsylvanian. According to an analysis of city property records by The Daily Pennsylvanian, Penn’s real estate holdings in Philadelphia include numerous campus…
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National Homebuilder D.R. Horton Buys Up Coatesville Property to Build 132 Homes
D.R. Horton, a national homebuilder, has purchased a 17-acre undeveloped property in Coatesville for $3.1 million, where it plans to build 132 homes, writes Paul Schwedelson for the Philadelphia Business Journal. The map on the Texas-based company’s website currently shows 67 townhomes for the site, but D.R. Horton plans to add another 65 homes as…
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This Delaware County Town Declared a Best Place to Move to in Pennsylvania
The website Consumer Affairs has chosen a Delaware County community as one of the five best place to move to in Pennsylvania, writes Max Bennett for Patch. Drexel Hill placed at No. 2 among the top five destinations in the state for affordability, safety, economic strength, health care, education, and the quality of life. “Drexel…
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Home Prices in Levittown Hit Record Highs, Pricing Out Many Buyers
Levittown, originally built as a community of starter homes for young couples, now has house prices that are unaffordable for most first-time buyers, writes JD Mullane for the Bucks County Courier Times. Recently, a home in Levittown sold for a staggering $720,000. The price was so high that the average Levittowner would not be able…
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Meridian Bank House of the Week: Luxury Meets Nature at This Mid-Century Gem in Yardley
Welcome to 860 Dukes Drive in Yardley, a stunning mid-century modern ranch nestled in Lower Makefield Township and listed at $1,650,000. This luxurious 5-bedroom, 5-bathroom home offers more than 5,200 square feet of elegant living space, surrounded by serene, professionally landscaped grounds. . . Step inside to find wide plank hardwood floors, oversized windows, and…
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Sheetz Goes on Offensive with Plan to Open Store Across from Wawa in Chester County
Sheetz is making a bold move in its rivalry with Wawa, pushing into its opponent’s territory with plans to open one of its first Greater Philadelphia locations in Chester County, writes Emma Dooling for the Philadelphia Business Journal. The convenience store and gas station chain plans to redevelop a shuttered Rite Aid in Downingtown, diagonally…
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Jersey Shore Mansion Built by Former Owner of Downingtown Motor Inn on Market for $13.9M
A 15-bedroom, 16-and-a-half-bathroom Jersey Shore mansion built by late Philadelphia banker and hotelier Daniel Tabas, former owner of Downingtown Motor Inn, has hit the market for $13.9 million, writes Ryan Mulligan for the Philadelphia Business Journal. The 10,500-square-foot home sits on a 125-foot by 125-foot lot and features abundant outdoor terrace space, an elevated pool,…
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Bucks County Housing Market Stands Strong Amid Slowing Nationwide Trends
While home prices are cooling across the country and even falling in some regions, the housing market in Bucks County still remains hot, fueled by steady demand and supported by the limited inventory, write Janice Kai Chen and Rachel Lerman for The Washington Post. Nationwide, prices for single-family homes increased by just 2.7 percent over…
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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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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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Meridian Bank House of the Week: A Victorian Treasure Hidden in Doylestown
Deep in the heart of Doylestown sits this beautiful preserved Victorian gem at 218 E. Court Street. Listed at $1,200,000, this 4-bedroom, 3.5-bath residence offers 4,156 square feet of timeless charm with all the conveniences of modern living. . . From the welcoming front porch to the intricately detailed millwork, this home blends historic elegance…
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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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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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Philadelphia Developer Obtains Lease on Five Historic, Long-Neglected SEPTA Stations
SEPTA’s board recently approved a deal to give Philadelphia developer Ken Weinstein and his firm, Philly Office Retail, a 99-year lease on five historic and long-neglected rail stations in Northwest Philadelphia, writes Jake Blumgart for The Philadelphia Inquirer. The five stations are: Tulpehocken in Germantown; Carpenter, Mount Airy, and Upsal in Mount Airy; and Gravers…
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Meridian Bank House of the Week: Historic Yardley Estate with Restored Barn and Cottage
Nestled in the picturesque countryside of Yardley, 1561 Dolington Road offers a rare opportunity to own a true piece of American history—for $2.49 million. This beautifully preserved estate, once part of a William Penn land grant, seamlessly blends Pre-Revolutionary architecture with modern comforts across 4,012 square feet of living space. . . XXX Set on…
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Boscov’s Set to Outlive Exton Square Mall as New Owner Plans Mixed-Use Town Center to Replace It
With many department store giants, including Macy’s and JCPenney, closing stores during the years-long retail apocalypse, Boscov’s has stayed afloat and expanded, writes Noah Zucker for Bisnow. Now, the Exton Square Mall location of the nation’s largest family-owned department store chain is set to outlast the rest of the shopping center as the new owner…
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