Morning Headlines: Keswick Village Sells for $6.2 Million, Sprucing Up to Follow

Renovations are in store for the 2.5 acre property.

Franklin Residential has purchased Keswick Village in Glenside, reports Natalie Kostelni at the Philadelphia Business Journal. The historic mixed-use property, she writes, was designed by Horace Trumbauer and consists of the following Tudor-style structures:

• A pad with a Susquehanna bank
• A two-story, 18,000-square-foot building with six retail stores and 11 apartments.
• A three-story, 38,000-square-foot building that has seven stores and 15 apartments. Those structures will be rebranded as Keswick Commons.

According to Kostelni, Franklin Residential will “spend nearly $2 million to renovate the interiors and exteriors of the existing retail and residential spaces,” followed by a new housing construction:

The second phase involves constructing 65 to 80 age-restricted apartments on top of two to three stories of parking. That estimated $14 million project still needs to go through the local approval process and likely won’t get underway for a couple of years.

Keswick Village sells for $6.2M, gets new owner [Business Journal]

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