10A — March 19 - April 15, 2021 — Owners, Developers & Managers — M id A tlantic Real Estate Journal


O wners , D evelopers & M anagers

First hotel in Conshohocken in 21 years set to open with 127 rooms Keystone Property Group & Concord Hospitality Enterprises break ground on boutique hotel

ONSHOHOCKEN, PA — Keystone Proper- ty Group has broken ground on the new Hotel West + Main, part of the Tapestry Collection by Hilton, a signifi - cant milestone in its 520,000 s/f SORA West development. This $325 million mixed-use project includes a new global headquarters for Fortune 10 pharmaceutical distribution company AmerisourceBergen, the reuse of a 146-year-old his- toric firehouse, and a 12-story public and private parking garage. Keystone has partnered with C

than 1,500 AmerisourceBergen employees will occupy the adja- cent 11-story office tower, and the former home of Washington Fire Company will be brought back to life as a gateway to the development featuring two restaurants. A first-floor dining experience with an outdoor terrace will physically connect the firehouse with the newly constructed hotel. The restaurant will be known as 1874 Social, honor- ing the year the fire company formed on the site, just three years after two downtown fires nearly destroyed the entire Conshohocken business dis- trict. The firehouse, which was added to the National Register of Historic Places in 1975, also inspired the second-floor gas - tropub experience, the Hook & Ladder Skybar. “This project is part of our evolution to a fully vertically integrated mixed-use develop- ment company,” said Keystone founder and CEO Bill Glazer . “We’ve connected one of the most important companies to one of the most important sites in a way that redefines Con - shohocken’s skyline and ush- ers in a new era of downtown vibrancy for one of Greater Philadelphia’s most prominent submarkets.” Hotel West + Main will be- come Conshohocken’s third ho- tel and first newly constructed hotel since 2001. Concord, an award-winning national hotel management and development company known for its innova- tion and technical excellence, has grown its footprint in Penn- sylvania to nearly two dozen properties. “The hotel is in a central location with ample built-in demand from businesses and neighboring towns,” said Glaz- er. “The hotel dining and lounge experience will bring vibrant activity to Conshohocken all week long, making SORAWest the town’s center.” The Hotel West +Main, along with the 429,122 s/f office tower and 1,500-plus space parking structure, will frame SORA West’s energetic public plaza, which will soon be activat- ed when AmerisourceBergen starts moving operations and employees from two separate sites into its new headquar- ters. On nights and weekends, the garage will be open to the public which will create op- portunities for all of the local businesses to prosper. MAREJ

Concord Hospitality Enter- prises to develop and operate the 127-room boutique hotel as part of the Tapestry Collection by Hilton . The Hotel West + Main will feature a rooftop bar and lounge overlooking the sweeping amphitheater and plaza for events and live music. The hotel will also of- fer meeting spaces equipped with state-of-the-art technol- ogy, providing an unparalleled catering experience to both business travelers and leisure guests. Hotel West + Main is expected to open in the second half of 2022. When it does, more

Hotel West + Main;Conshohocken

P o s k a n z e r S k o t t A r c h i t e c t s 550 North Maple Avenue, Ridgewood, NJ 07450 201.445.2322 www.poskanzerskott.com

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