News

Toll Bros. pulls out of Piazza’s Ardmore apartment plan

Published Friday, April 19, 2024

An apartment building project in Ardmore will have to move forward without Toll Brothers after a partnership between the developer and Piazza Auto Group came to an end in April. According to Rich Orlow, attorney for the auto group, Piazza still anticipates moving forward with its plan to demolish the existing dealerships and a nearby and since-shuttered IHOP to make way for an apartment building and a 615-space, partly underground parking garage. One apartment building would be six stories high and the other five stories. The project received permits from Lower Merion Township before a 2020 zoning change imposed height limits in Ardmore. Piazza has several years to act on the existing permits before they expire, but the clock is ticking. Under state law, if a locality changes its zoning after a project has been permitted but before development starts, the property owner has five years to build under the old approval. Piazza is likely to look for another partner for the project.
Source: Philadelphia Inquirer; 4/13/2024