During the June 21st meeting of the Whitpain Township Board of Supervisors, there was an informal presentation from Franklin Realty about a proposal to redevelop the Reed’s Nightclub property at 1486, 1462, and 1448 Skippack Pike with an age-restricted condominium community. The community would be called The Residences of Blue Bell Meadow.
The property consists of 22.6 acres and the proposal is to have a 65,200-square-foot building with 90 units (along with parking and amenities) occupy approximately five acres. The remaining space which is a wooded area would be protected through an easement, a deed restriction, or provided to the township as a gift.
The majority of the units would be two-bedroom with two baths and these would be priced starting at approximately $500,000 to $550,000. The one-bedroom units would start at approximately $350,000 to $400,000.
Overall, there would be 167 parking spaces with 105 of these in the building.
If and when the developer decides to move forward, there will need to be a formal application submitted that would undergo reviews and an approval process.
You can watch the presentation here (scroll to the 14-minute mark).