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.