Federal Realty Investment Trust is nearing the completion of a $23 million apartment complex it is developing on the backside of the Bala Cynwyd Shopping Center.

Called the Delwyn, the project consists of a single, six-story building that will have 87 apartments. It is being developed on a portion of a surface parking lot and is the first of several changes the real estate investment trust plans to make at the 294,000-square-foot shopping center that fronts City Avenue in Bala Cynwyd.


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