A 207-unit apartment has been proposed for 150 Monument Road in Bala Cynwyd, a project to be presented before the Lower Merion Township Planning Commission this Monday.
The Main Line Times’ Cheryl Allison says the planned six-story building would be situated on a seven-acre plot in Bala Cynwyd that currently hosts another six-story building used for office space. Allison also reports the project includes a central courtyard with pool deck, commercial/restaurant space (3,700 square feet), and a four-story parking garage, which is to have 673 parking spaces, 207 of which would be for apartment tenants.
The proposed development is one of many (some of which are already in progress), and the result of revitalization goals for the City Avenue commercial district:
"The development proposal follows by a little more than a year a first apartment project under 2012’s comprehensive rezoning of the City Avenue commercial district in Lower Merion to permit redevelopment of what was seen to be an office park and retail area in need of revitalization. A goal of rezoning, while permitting greater density and building height, was to transform the district over time into a 24/7 live-work-play environment, including new residential development."
Other projects in various stages of development:
Nolen Properties' apartment complex at 335 Righters Ferry Road.
- 11 stories, 284 units
- Miller-Bell House (historic property) will be preserved.
- To have "detailed preliminary review" in coming months.
O'Neill Properties Group's project at 600 Righters Ferry Road.
- "Nearly 600 apartments"
- Demolition of former industrial buildings started this summer.
Penn Real Estate Group's future plans for "about 300 apartments"
- Adjoining O'Neill Properties' parcel.
Additionally, a meeting to review an ordinance to rezone properties on Bala Avenue will also take place next week.
• Lower Merion planners to discuss new Bala Cynwyd apartments plan next week [Main Line Times]
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