Station Partners has purchased three properties near the corner of Butler Avenue and Main Street and plan to raze the existing structures and redevelop the property into a mixed-use development with residential apartments or townhomes above retail The redevelopment plan was first reported on March 18th by The Philadelphia Business Journal.
Station Partners is not new to redeveloping properties in Ambler. It is the company behind the successful redevelopment of a former chemical manufacturing and research facility into Ambler Yards and it currently completing major renovations of the office building at 124 South Maple Street.
Station Partners’ latest acquisition involves the property at the corner of the northwestern side of Butler Avenue and Short Street. The entirety of Front Street between Butler Avenue and West Race Street. The entirety of West Race Street between Short Street and North Main Street. Plus 110 North Main Street, 16 North Main Street, 18 North Main Street, 20 North Main Street, and 22 North Main Street. Combined, the properties involved are approximately one-half acre of land.
According to the article in The Philadelphia Business Journal, the existing tenants of the buildings involved will be given preference in leasing within the new development. Some of the businesses that currently make their home in the impacted buildings are The Pizza Box, J&K Cleaners, No Bare Walls, Galaxy Tattoo, Antique Garden Cottage, Viva Express, and SM Market.
Station Partners expects the approval process to take approximately two years.
Photo: Station Partners