A new residential development has been announced in the District, the second to take advantage of City Ave’s rezoning. Keystone Property Group has said that it will build a six-story, 207-unit apartment complex at 150 Monument Road in Bala Cynwyd. This will be an in-fill project on the existing expansive parking lot – adding to the vision for more mixed-use developments in the District.

In addition to the residential component of the project, they are also planning to renovate the exterior of the existing office complex and add a four-story parking garage. Street-level of the parking garage, fronted on Monument Road, will include 4,000 sq ft of retail space, targeted for a restaurant.

We are thrilled that the transformation of City Ave is starting to take shape and look forward to sharing more exciting new announcements on developments and projects in the District.

You can read more on this new development here.