Real Estate Journal — Pennsylvania — June 9 - 22, 2017 — 15C
M id A tlantic
P ennsylvania Transit-oriented, mixed-use development to integrate office, hotel, retail & dining spaces Keystone Property Group granted approval to begin transformational SORAWest Redevelopment
ONSHOHOCKEN, PA — Keystone Property Group , a real estate
“In recent years, there’s been a noticeable trend of forward- looking companies seeking out office space within community- oriented, mixed-use properties that include premier amenities and foster a sense of camara- derie,” added Richard Got- tlieb , president of Keystone Property Group. “We moved our corporate headquarters to Conshohocken in 2015 because of the potential we see in the borough and in anticipation of the profound impact that SORA will have on the local community. We’re actively looking at securing an anchor office tenant who appreciates
SORA West’s unique environ- ment and accessibility as well as finding a partner for the de- velopment’s hotel component.” Keystone is currently head- quartered in SORAEast, which is located one block away from SORA West. In addition to hundreds of construction jobs, SORA West is expected to create up to 1,000 new permanent jobs on site. To sustain Conshohocken’s burgeoning downtown district, Keystone will provide local residents, businesses and visi- tors with approximately 150 additional free parking spaces onsite. n
d e v e l o p e r and i nve s - tor of mixed- u s e a n d commercial proper t i es , ann o un c e d that it has re- ceived zoning approvals for SORA West,
a dynamic, transit-oriented development in Conshohocken, which lies between Fayette, Elm and West 1st Sts. and Oak St. With the approvals in hand, Keystone is now poised to begin the development of a large-scale, multi-faceted de- velopment centered around a vibrant public plaza that will serve as a community event and gathering space for farm- ers’ markets, outdoor movies, yoga classes and other public uses. The plaza will be flanked by a 250,000 s/f office building with retail and dining; a 171-key ho- tel with significant restaurant space and a rooftop lounge; the existing 139-year-old Con- shohocken Firehouse, which will be recreated as a brewpub with an indoor/outdoor experi- ence; and a 950-space parking structure to support these facilities. The project enjoys a conve- nient location that allows for easy travel to Philadelphia and all of Eastern Pennsylvania via the adjacent Conshohocken SEPTA train station. The property is also located in close proximity to Routes 76 and 476. “Our plans for SORA West will create a Conshohocken “town square” — a mixed-use destination for community members, travelers and local workers alike,” said Bill Glaz- er , CEO of Keystone Property Group. “Located at the gateway to the borough, SORA West will activate a link between the emerging riverside district and Conshohocken’s downtown, shaping an integrated experi- ence that provides amenities and a renewed sense of culture to the entire community.” Keystone is now finalizing the plans, and pursuing land development approvals. In ad- dition to office, retail, hotel and community uses, the developer is assessing the viability of adding a residential component to the property.
View From Floodgate Road
View From the corners of Floodgate Road & Route 44
View From Route 44
72 ACRES - PRICED TO SELL! Floodgate Road, Logan Township • Gloucester County, New Jersey
• Close proximity to Philadelphia • Easy Access to the Commodore Barry Bridge • Located on Route 44, only a half mile from I-295 & Route 130 • R-5 Zoned
411 Feheley Drive • King of Prussia, PA 19406-2657 • GableSid@Yahoo.com 610.272.6400 All information furnished is from sources deemed reliable and is submitted subject errors, omissions, changes, prior sale or withdrawl without notice and to any special listing conditions. Areas and dimensions may be approximate.
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