A proposed $85 million redevelopment of the Chesterbrook
Shopping Center has received the final approvals it needs from Tredyffrin
officials and is on track to move forward.
Plans call for a mixed-use development that involves
constructing 123 townhouses as well as 30,000 square feet of retail space. The
development will entail knocking down a portion of the existing
122,216-square-foot structure to make way for the townhouses and new retail
space. Some of the existing center will remain intact.
Construction and demolition will likely begin in about
150 days, said Robert F. Whalen Jr. of RW Capital Partners Inc., a Plymouth
Meeting, Pa., real estate investment company. RW Capital, Valley Forge
Investment Corp. and RLD Land Development own the property.
Source: Philadelphia
Business Journal
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