Downingtown-based TriPoint Properties is planning to demolish a Malvern office building to make way for 250 apartments and retail space, writes Ryan Mulligan for the Philadelphia Business Journal.
Purchased in 2020, TriPoint and East Whiteland Township reviewed many ideas for the property at 52 Swedesford Road, ultimately settling on a mixed-use, campus-like project that will include housing and dining space.
While final approvals are still needed, plans involve a 3,300-square-foot market and a 3,370-square-foot cafe. Following approval, demolition, design, and construction will begin in 2026.
220 units will be priced at a comparable market rate, and workforce housing units will be available. 15 one-bedroom units and 15 two-bedroom units will be offered at 85 percent of the market price, for a total of 30 units. According to TriPoint President Andrew Hicks, this may be the first assigned workforce housing in the township.
“We’re hoping that this property will have all the modern amenities that will attract all different types of tenants,” said Hicks. “Young [residents] as well as people in the middle of their careers, people that are downsizing after owning a home — we want it to be as versatile as possible.”
Other amenities they plan to introduce are a 4,400-square-foot clubhouse, walking trail, courtyard, dog park, and more. Additionally, the Malvern site is surrounded by Penn State Great Valley’s campus, offices, and The Grove shopping center down the road.
Read more about TriPoint Properties demolishing an office building and planning for apartments at the Philadelphia Business Journal.
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