A Baltimore-area developer is planning a massive, $300 million, mixed-use development on former farmland in New Garden Township. Developer Stonewall Capital will begin work next fall on White Clay Point, a 235-acre project that will include 622 residential units, a grocery store, a Wawa convenience store and additional retail space, according to Stonewall principal Ray Jackson. The development will stretch across former mushroom farmland and Route 41 near the busy U.S. Route 1 corridor and Kennett Square. Settlement on the property is expected to take place in the coming weeks. The seller is a partnership of Philadelphia-based regional mall owner PREIT and JPMorgan, which acquired the site about 20 years ago with a plan to build a retail hub and sports complex there. Stonewall has hired Lennar to build the housing component of White Clay Point. The mix will include townhomes, villas, one-over-one condominiums and single-family homes with estimated prices ranging from $300,000 to $1 million, Jackson said.
Source: Philadelphia Business Journal; 11/25/2025