Wednesday, March 4, 2015

Keystone Relocates HQ to Conshohocken

by Steve Lubetkin,

Keystone Property Group has relocated its offices to SORA Conshohocken at 125 East Elm Street from its former headquarters in Bala Cynwyd. Keystone recently acquired SORA, a multifaceted transit-oriented redevelopment initiative located in the gateway of Conshohocken.

Keystone’s acquisition of the headquarters building represents its fourth commercial property in Conshohocken. A staff of 50 professionals will operate from the new headquarters, while the company operates satellite offices in New York and Miami.

Keystone is currently firming up plans for SORA–formerly known as One Conshohocken–a mixed-use project consisting of four properties within the Conshohocken Redevelopment area. Keystone acquired the land to transform the site into a vibrant public plaza flanked by restaurants, shops, a 200-room hotel and a new class A, 300,000-square-foot office building. The project will enjoy convenient connections throughout Eastern Pennsylvania, including Philadelphia, from the adjacent Conshohocken SEPTA train station.

”As our commercial redevelopment footprint continues to expand throughout the Philadelphia metropolitan area, we aimed to identify a new company headquarters that was located in a central hub such as Conshohocken,” says Bill Glazer, president of Keystone. “It was especially important for us to invest in the area near SORA, which is slated to serve as the commercial and cultural centerpiece of Conshohocken.”

Keystone’s plan for SORA, in line with the Borough’s comprehensive revitalization strategy for Conshohocken, includes a vibrant public plaza situated in the middle of the development, designed as a community event and gathering space as well as the repurposing and restoration of the 136-year-old Conshohocken Firehouse, as a brewpub with indoor/outdoor dining and event experiences. Keystone will also provide local residents, businesses and visitors with approximately 300 additional free parking spaces onsite.

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