REBusinessOnline

STATE AWARDS GRANT FUNDING FOR MIXED-USE REDEVELOPMENT

LOWER MERION, PA. — The state of Pennsylvania has awarded $6 million in grant funding to Lower Merion Township to assist in the development of the Ardmore Station mixed-use redevelopment project. The township is working with Dranoff Properties to master plan the redevelopment and revitalization of the Ardmore Transit Center and central business district. Initial plans for the $180 million, transit-oriented development call for a new train station, 335 residences, 30,000 square feet of retail and restaurant space, 8,500 square feet of office space, and approximately 750 parking spaces. The project is expected to take 5 years to complete.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

Subscribe to the newsletter
Conferences


Webinars on Demand


Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties