Morning Headlines: More Apartments? Conshohocken Just Keeps on Growing
Since last reporting on Conshohocken’s growth spurt (of which millennials appeared to be the underlying driving force), the Montco borough has gone ahead and planned more developments. The Philadelphia Business Journal’s Natalie Kostelni reports that “more than $500 million” will be spent on new construction projects.
These projects, some of which have yet to get official approval, include office development (over 1.27 million square feet), apartments (about 1,000 units), restaurants, a new hotel and “other ancillary amenities demanded by its growing residential and office population.”
Here are the specifics:
• A 330,000-square-foot office building proposed by Equus Capital Partners at 400 W. Elm St.
• A 300,000-square-foot office building, 200-room hotel and conversion of an old fire house into a brew pub called One Conshohocken on Fayette Street. That is being proposed by Keystone Property Group.
• A 260,000-square-foot office building called Seven Tower Bridge that will be developed by Oliver Tyrone Pulver.
• A 300,000-square-foot office building called Millennium Four that O’Neill Properties Group wants to construct.
• 310 apartments at 51 Washington St. as well as 610 apartments at 401 Washington St.
• An 82,000-square-foot office building at 901 Washington St., which is just over the border in Whitemarsh, Pa., and is bring proposed by E. Kahn Development.
These projects will be built at different times, office broker Jeff Mack adding that “the tenant market will decided which building will get built first.”
Kostelni notes this is Conshy’s third wave of development, a surge that was stalled during the recession, but which has improved since the economy “picked up steam.”
• More than $500M in new development planned for Conshohocken [Business Journal]
In other news…
• 10 Great Novels Every Urbanist Should Read [Next City]
• Renovation and Construction Coming at 4th & Fairmount [Naked Philly]
• Movement toward new houses at Mount Holly Gardens [Inquirer]