Philadelphia-based Pinnacle Realty Development Company has paid $26 million for roughly 130 acres in Towamencin Township that once housed Freddy Hill Farms and its family fun center. Pinnacle now plans to build 210 homes in partnership with Toll Brothers. The plan calls for 50 carriage homes starting in the mid $800,000s, 87 small-lot, single-family homes starting in the mid-$900,000s, and 73 large-lot single-family homes starting around $1.5 million. Groundbreaking is targeted for early 2028, pending approvals. The proposal, which preserves over 66 acres of open space, marks the third iteration of development plans for the site after Towamencin Township rejected an initial 320-unit pitch and a follow-up 140-unit, large-lot plan. It will go before the Towamencin planning commission in September, with Pinnacle principal Anthony Maras arguing that adding housing at multiple price points is key to easing the region's housing shortage.
Source: Philadelphia Business Journal; 8/9/2026