O wners , D evelopers & M anagers F eaturing I ndustry L eaders
M id A tlantic Real Estate Journal — January 21 - February 17, 2022 — Section C
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The development is a joint venture partnership with AEW Capital Management, LP GMHCommunities breaks ground on The Caswell at Runnymeade in Newtown Square, PA
HI-LIGHTS January 20- Feb. 17, 2022 CONTRACTORS/ SUBCONTRACTORS broken ground on The Caswell at Runnymeade, a 249-unit multifamily community in Newtown Square. Located just 15 miles from Philadel- phia in Edgmont Twp., Dela- ware County, The Caswell at Runnymeade will consist of two, four-story buildings with underground parking. The development is a joint ven- ture partnership with AEW Capital Management, LP and is slated to open spring N EWTOWN SQUARE, PA — GMH Com- munities (GMH) has Woodmont Properties breaks ground on new luxury apartments 3-8C
energy-efficient appliances, designer showers, balconies or terraces, and more. “There is strong demand for highly amenitized rental apartment communities that emphasize outdoor activities and healthy living. We are excited to partner with GMH to create an inspiring space that will enhance residents’ experience,” said Michael Byrne , AEW chief investment officer and head of private real estate and debt. Community amenities at The Caswell at Runnymede will include a state-of-the-art fitness center, motion studio, golf simulator, movie theater, arcade, clubrooms, private conference rooms, coworking spaces, and a lounge area. Residents will also be able to enjoy the outdoor amenities The Caswell at Runnymeade has to offer such as a courtyard with a pool, hot tub, outdoor theater, yoga area, kitchen, barbecuing area, multiple fire pits, and lounge seating. MAREJ
The Caswell at Runnymeade in Newtown Square, PA
2023, with preleasing to begin winter 2022. The Caswell at Runnymeade will sit east of Ridley State Park, minutes away from Rte. 3 (West Chester Tpke.), Rte. 1, and I-476, providing easy access to Philadelphia and major surrounding cit- ies including West Chester, King of Prussia, and Media. Conveniently down the road in popular Newtown Square, nearby stores and restaurants include Whole Foods Market, ACME Markets, Rite Aid,
Michaels, Wawa, Starbucks, First Watch, and more. “At GMH, we seized the op- portunity to continue to grow our residential living portfolio and develop one of the area’s premier apartment commu- nities in our own backyard,” says Gary Holloway, Jr. , president and CEO of GMH Communities. “With top-notch amenities and ample outdoor space for socializing and relax- ation, The Caswell at Runny- meade will provide a beautiful home for young professionals,
families, and empty nesters seeking a large apartment close to Philadelphia and its surrounding suburbs.” The Caswell at Runnymeade will offer a variety of floor plans to cater to an array of lifestyles from one- to three-bedroom options ranging from 805 to 1,623 s/f. Apartments will contain spacious bathrooms, stainless steel appliances, and modern finishes and smart tech features throughout. Ad- ditional in-unit features/de- sign includes walk-in closets,
CHA Partners introduces new luxury apartments, 10 N. Main in Wharton, NJ
number of on-site amenities including a well appointed lobby with a coffee and bever- age station, inviting seating areas and a fireplace. The property will have 83 parking spaces and offers four electric vehicle charging stations. Set within a downtown location, residents of 10 N. Main will be just a short walk away from a coffee shop, bakery, pharmacy, barber shop and more. The property is in close proximity to the ShopRite of Wharton, Costco and The Rockaway Mall, and provides easy access to several major highways in- cluding Rte. 80, Rte. 15, and Rte. 46. The nearby Lakeland bus Rte. and Dover Train Station offer easy access into Manhattan. 10 N. Main is expected to open for occupancy in the summer of 2022. MAREJ
WHARTON, NJ — CHA Partners , a full-service de- velopment firm specializing in public-private partner- ships, announced today that it broke ground on 10 N. Main, a new mixed-use de- velopment on North Main St. that comprises a collection of 66 luxury apartment homes and approximately 7,800 s/f of ground-floor retail space. Wharton Township officials joined CHA Partners at the groundbreaking ceremony to commemorate the start of construction at the property. “We carefully select the municipalities where we de- velop and we believe we have found something truly special here in Wharton, a transit- oriented town with tons of character that will make for a great place to live for our new residents,” said William Colgan , CHA’s managing
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Standard receives Green Initiative Excellence Award
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10 N. Main Apartments in Wharton, NJ
ALSO INSIDE
partner. “From the brick fa- cade to the design elements throughout the lobby and cor- ridors, we believe 10 N. Main will serve as a celebration of the beauty and aesthetic of Wharton’s rich history.” 10 N. Main will feature one-
, two-, and three-bedroom luxury apartment homes with ground-floor retail space that will bring new restau- rant space to the area. The property, which showcases design elements inspired by the surrounding town, has a
Withum...........................2C Hutchinson Mechanical. .3C ECS Corporate Services. 4C People on the Move.... 16C
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