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Mixed Use Development

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NEWS
January 7, 2016 | By Jacob Adelman, STAFF WRITER
Keystone Property Group has acquired the 245,000-square-foot GSB Building at Belmont and City Avenues in Bala Cynwyd, the developer said in a release Tuesday. Keystone said it plans improvements to the 12-story building, including new elevators and enhanced lobbies and restrooms. The structure sits on eight acres that could be the site of new mixed-use development, the company said. The GSB Building, also known as One Belmont Avenue, was acquired from Maguire & Partners. No purchase price was disclosed.
NEWS
April 10, 2016 | By Jacob Adelman, STAFF WRITER
Philadelphia-based real estate investment firm Rubenstein Partners has bought the 985,490-square-foot Interstate North Office Park in Atlanta for about $90 million, the company said in a release on Friday. The 11-building complex, now 60 percent leased, sits on 67 acres beside the Atlanta Braves' new SunTrust Park baseball stadium, around which a mixed-use development is being built. Interstate North's previous owner was the U.S. real-estate-investment division of Dutch insurance giant Aegon.
NEWS
October 30, 2015
A story Monday on the Lower Merion Fire Department's search for volunteers misstated the number of paid staff in the department. There are 25 full-time, and more than 30 part-time, firefighters. A story Tuesday on a debate in a Lower Merion commissioners' race gave the wrong location for a proposed mixed-use development in Ardmore. It is in Ward 4.
NEWS
February 20, 2016
ISSUE | DEVELOPMENT Vision to improve Delaware riverfront Inquirer architecture critic Inga Saffron is in fantasy land when she argues that my South Philadelphia developments should have fewer cars and a more urban form ("Blatstein swims against the millennial current," Feb. 12). South Columbus Boulevard was once lined by abandoned buildings and trash-strewn lots. It's a six-lane highway where 18-wheelers rumble 24/7 and a train runs daily down its center. The original blueprint - heavy retail - is 25 years old. Our site has been vacant for 40 years, with zero riverfront development.
NEWS
July 26, 2015 | By Jacob Adelman, Inquirer Staff Writer
The Center for Neurological and Neurodevelopmental Health has leased 17,000 square feet at Voorhees Town Center, a mixed-use development owned by Pennsylvania Real Estate Investment Trust. The center will pay more than $5.7 million over the 15-year lease at the office and retail development, Markeim Chalmers vice president Scott Martin, who served as the pediatric neurology specialist's broker, said Friday. The facility will occupy space formerly used by a big-box retailer at the center, which also accommodates the Voorhees Township municipal offices, Martin said.
NEWS
August 28, 1998 | By Kate Campbell, INQUIRER CORRESPONDENT
The Board of Supervisors this week heard details of a plan to develop about 80 acres bordered by Township Line Road, Old Forty Foot Road, and Skippack Pike. The land, now cornfields and woodlands, has been owned by Montgomery County Commissioner Mario Mele since 1990, said Township Manager Daniel Stonehouse. "Gambone Bros. Development Co. has the property under agreement of sale with Mele," said Richard Burke, land management developer for the firm, which is proposing a mix of commercial, office and residential uses for the site.
NEWS
October 23, 2015 | By Jessica Parks, Inquirer Staff Writer
HARRISBURG - The latest effort by Ardmore homeowners to block a controversial mixed-use development off Lancaster Avenue was greeted skeptically in Commonwealth Court on Wednesday. After a nearly three-hour hearing, Judge Dan Pellegrini allowed the developer, Dranoff Properties, to intervene as a party to the lawsuit and agreed to an expedited hearing for the defendants' objections. The Save Ardmore Coalition has asked the court to block the commonwealth from issuing $10.5 million in Redevelopment Assistance Capital Program funds for the eight-story residential and retail tower that would replace Lower Merion's Cricket Avenue parking lot. The coalition alleges it would be a misappropriation of funds because the legislature in 2007 approved $15 million in grants for "costs related to the redevelopment of the Ardmore train station.
NEWS
February 25, 1988 | By Debbie Russell-Brown, Special to The Inquirer
Marple Township Planning Commission members have made sure that future homeowners who buy properties in housing developments will get what they pay for. The Commission voted 7-0 at Tuesday night's meeting to amend the subdivision requirement to include lighting standards in final site plans. The decision comes in the wake of an earlier controversy at the Paxton Chase development, where residents claimed that developer Donald Gaston had showed clients renderings which included lantern-style street lights but had actually installed regular lights.
NEWS
July 16, 1989 | By Edward Ohlbaum, Special to The Inquirer
Buckingham Township's first supermarket, a building with a facade designed to look like seven small, village shops, has been proposed. Plans for the store to anchor a mixed-use shopping center with apartments were unveiled by Whitehall Equities Ltd. of Newtown at Wednesday's meeting of the township Board of Supervisors. The site of the proposed development is at the intersection of Routes 202 and 263 behind the Buckingham Professional Building. Buckingham Village, as the proposed 13.2-acre development is called, will include several small retail shops, small offices, perhaps a bank, a state liquor store and a restaurant in addition to the 40,000-square-foot supermarket.
BUSINESS
September 3, 2003 | By Henry J. Holcomb INQUIRER STAFF WRITER
Four developers each put up a $50,000 fee and submitted proposals yesterday for the right to develop Penn's Landing, the 13-acre centerpiece of Philadelphia's riverfront. City Commerce Director James J. Cuorato said that before a decision was made in late October, all four would make presentations in an open forum and that the public would be given an opportunity to inspect the proposals. Each of the four developers envisions a mixed-use development for Penn's Landing - retail, office and, in some instances, residential - as well as public open space, Cuorato said.
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ARTICLES BY DATE
NEWS
April 10, 2016 | By Jacob Adelman, STAFF WRITER
Philadelphia-based real estate investment firm Rubenstein Partners has bought the 985,490-square-foot Interstate North Office Park in Atlanta for about $90 million, the company said in a release on Friday. The 11-building complex, now 60 percent leased, sits on 67 acres beside the Atlanta Braves' new SunTrust Park baseball stadium, around which a mixed-use development is being built. Interstate North's previous owner was the U.S. real-estate-investment division of Dutch insurance giant Aegon.
NEWS
February 20, 2016
ISSUE | DEVELOPMENT Vision to improve Delaware riverfront Inquirer architecture critic Inga Saffron is in fantasy land when she argues that my South Philadelphia developments should have fewer cars and a more urban form ("Blatstein swims against the millennial current," Feb. 12). South Columbus Boulevard was once lined by abandoned buildings and trash-strewn lots. It's a six-lane highway where 18-wheelers rumble 24/7 and a train runs daily down its center. The original blueprint - heavy retail - is 25 years old. Our site has been vacant for 40 years, with zero riverfront development.
NEWS
January 7, 2016 | By Jacob Adelman, STAFF WRITER
Keystone Property Group has acquired the 245,000-square-foot GSB Building at Belmont and City Avenues in Bala Cynwyd, the developer said in a release Tuesday. Keystone said it plans improvements to the 12-story building, including new elevators and enhanced lobbies and restrooms. The structure sits on eight acres that could be the site of new mixed-use development, the company said. The GSB Building, also known as One Belmont Avenue, was acquired from Maguire & Partners. No purchase price was disclosed.
NEWS
December 17, 2015 | By Laura McCrystal, Staff Writer
A Commonwealth Court judge on Tuesday dismissed a lawsuit challenging a controversial mixed-use development in Ardmore, paving the way for Dranoff Properties to proceed with the project after years of delay. The plan calls for an eight-story residential tower with stores, restaurants, and a parking garage on the Cricket Avenue parking lot off Lancaster Avenue. A group of residents contend the $60 million project is too dense for downtown Ardmore. Their lawsuit, filed in August, argued that the development should be ineligible for $10.5 million in public funding for which it has been approved.
NEWS
December 9, 2015 | By Jessica Parks, Inquirer Staff Writer
HARRISBURG - A Commonwealth Court judge said Monday that he could decide this month if Dranoff Properties' controversial mixed-use development in Ardmore can proceed. The project, which would replace the township's Cricket Avenue parking lot with an eight-story residential tower, stores, restaurants, and a parking garage, has generated sustained opposition from some residents, who say it is too dense for downtown Ardmore. It has the backing of Lower Merion Township, the Montgomery County Redevelopment Authority, and the state, which granted $10.5 million in redevelopment funds.
NEWS
October 30, 2015
A story Monday on the Lower Merion Fire Department's search for volunteers misstated the number of paid staff in the department. There are 25 full-time, and more than 30 part-time, firefighters. A story Tuesday on a debate in a Lower Merion commissioners' race gave the wrong location for a proposed mixed-use development in Ardmore. It is in Ward 4.
NEWS
October 23, 2015 | By Jessica Parks, Inquirer Staff Writer
HARRISBURG - The latest effort by Ardmore homeowners to block a controversial mixed-use development off Lancaster Avenue was greeted skeptically in Commonwealth Court on Wednesday. After a nearly three-hour hearing, Judge Dan Pellegrini allowed the developer, Dranoff Properties, to intervene as a party to the lawsuit and agreed to an expedited hearing for the defendants' objections. The Save Ardmore Coalition has asked the court to block the commonwealth from issuing $10.5 million in Redevelopment Assistance Capital Program funds for the eight-story residential and retail tower that would replace Lower Merion's Cricket Avenue parking lot. The coalition alleges it would be a misappropriation of funds because the legislature in 2007 approved $15 million in grants for "costs related to the redevelopment of the Ardmore train station.
NEWS
July 26, 2015 | By Jacob Adelman, Inquirer Staff Writer
The Center for Neurological and Neurodevelopmental Health has leased 17,000 square feet at Voorhees Town Center, a mixed-use development owned by Pennsylvania Real Estate Investment Trust. The center will pay more than $5.7 million over the 15-year lease at the office and retail development, Markeim Chalmers vice president Scott Martin, who served as the pediatric neurology specialist's broker, said Friday. The facility will occupy space formerly used by a big-box retailer at the center, which also accommodates the Voorhees Township municipal offices, Martin said.
NEWS
February 13, 2014 | By Angelo Fichera, Inquirer Staff Writer
CAMDEN Camden City Council members took multiple steps intended to help boost development in the struggling city at a meeting Tuesday night. Council approved on first reading a resolution to add a 7 percent surcharge to commercial parking fees. Only facilities used solely as "residential premises" would be excluded. City Attorney Marc Riondino estimated that the fee would bring in about $500,000 per year - money dedicated to demolishing abandoned structures deemed unsafe. Riondino said the revenue stream would be cited when the city applies for a "long-term" bond - the amount of which has not yet been determined - to demolish at least 500 properties.
NEWS
December 20, 2013 | By Carolyn Davis, Inquirer Staff Writer
ARDMORE Like a railroad car chugging laboriously toward its destination, the downtown Ardmore revitalization and train station project had a big obstacle thrown in its path this week. The obstacle is $12 million in funding the state said it will cut. Lower Merion Township officials received a letter Monday that says Gov. Corbett plans to reduce a pledged $15.5 million grant from the state's Redevelopment Assistance Capital Program to $3.5 million. The grant is for the project to revitalize the Ardmore station and build a residential and commercial development nearby.
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