SEPTA has shifted plans for land near Conshohocken Station from a $48 million, 528-space parking garage to a 300-unit apartment complex developed by Philadelphia-based Alterra, following pushback from urbanist advocates who argued the garage was oversized given post-pandemic transit trends. Under the deal, Alterra would lease the land for 99 years at $600,000 annually with a 3% yearly increase, totaling $330 million. The project still faces a hurdle: Conshohocken rezoned the land in 2022 to ban multifamily housing, so a variance or new ordinance will be needed. The plan would also include 119 dedicated parking spaces for Regional Rail commuters, and is seen as part of a broader push by SEPTA and Montgomery County to expand transit-oriented, walkable housing development.
Source: Philadelphia Inquirer; 4/24/2026