Age-restricted condo community informally presented to Whitpain’s Board of Supervisors

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).