Developer’s Agreement For $200 Million Plan Adopted In Conshohocken

Map of Pennsylvania highlighting Montgomery County

Map of Pennsylvania highlighting Montgomery County (Photo credit: Wikipedia)

CONSHOHOCKEN, PA — A developer’s agreement with  Keystone Property Group (KPG) of Lower Merion to build a hotel, an office tower and a parking garage on Fayette Street and a new borough building for police and borough workers was unanimously approved Wednesday by Borough Council.

The $200 million KPG plan was selected by council in mid-September over a competing proposal by Brandywine Realty Trust (BRT) of Radnor.

The 32-page agreement will be ratified Friday by the Montgomery County Redevelopment Authority.

KPG agreed to build an 18-story, 200-room hotel at the intersection of Fayette and Elm streets, an eight-story parking garage to replace an existing three-story garage and a new, 16-story, 200,000-square-foot office building at the intersection of First Avenue and Fayette Street.

Read more: http://www.timesherald.com/general-news/20131218/developers-agreement-for-200-million-plan-adopted-in-conshohocken

Conshohocken Retains Its Sense Of Community

Location of Conshohocken in Montgomery County

Location of Conshohocken in Montgomery County (Photo credit: Wikipedia)

Forty-nine years ago, Conshohocken leaders began crafting a comprehensive plan to transform the grimy old mill town into a modern, livable municipality, albeit a small one.

At just over one square mile, Conshohocken is shoehorned into a bend of the Schuylkill River, but is within earshot of I-476 and the Schuylkill Expressway, two of the region’s major arteries.

It took several decades, but between the vision of past leaders and the impact of that pair of highways, Conshohocken has become one of the region’s hottest neighborhoods, with sleek condo towers, destination restaurants and corporate headquarters along the waterfront, and a locally owned, family-friendly strip of restaurants, bars, and stores along Fayette Street.

Over the last decade, Conshohocken’s population has grown younger, wealthier and whiter, according to U.S. Census data.

Read more:  http://www.philly.com/philly/neighbors/main_line/20130429_Conshohocken_retains_its_sense_of_community.html