In 2010, Lower Merion Township officials adapted the zoning code to encourage more residential density and mixed-use spaces in key areas. Those changes laid the groundwork for an era of significant change in the landscape along City Avenue. Once dominated by strip malls and office towers, the existing surface parking lots offer ample space for new, infill construction. Repurposing former retail spaces is also in the mix — Federal Realty Investment Trust is leading the way with a project to build 217 apartments on the site of a former Lord & Taylor’s department store. Other apartments just in the planning phase include Keystone Development + Investment with 272 units at One Belmont, and Hanover Properties with 425 units at 111 Presidential Blvd. A plan for 757 units around Bala Plaza office properties could have stalled last year when the properties sold, but new owners FLD Group Inc. and the Adjmi family have said they plan to continue with a residential redevelopment. Read more in the Inquirer.
Source: Philadelphia Inquirer; 5/2/2024 & Montco.Today; 5/7/2024