Norristown Municipal Council members formally selected Pinnacle Realty Development Company as the developer of the 68 acres on the Norristown State Hospital grounds, accepting the proposal submitted by the Montgomery County Redevelopment Authority in conjunction with Pinnacle. Called the Preserve at Stony Brook, Pinnacle is calling for a sprawling, multi-use residential, business and retail area on the land that was deeded to the municipality and county from the state last year. The “framework plan” consists of more than 700 residential units and 69,000 square feet of commercial space for a grocery store, restaurant and daycare center. Norristown administrative officials stressed that the vote did not apply to any specifics of the plan, but rather “this is a public hearing to say [Pinnacle] is the developer of the site,” according to Council President Thomas Lepera.
Source: Times Herald; 4/17/2024