Tuesday, September 29, 2015

Brandywine Purchases 9 Presidential Blvd., Plans to Build New 120,000 Sq Ft Office Building

Taking advantage of the new zoning ordinance in the City Ave District, Brandywine Realty Trust plans to build a new building with 120,000 sq ft of office space and 7,000 sq. ft of retail at 9 Presidential Blvd in Bala Cynwyd.  This is the first commercial property to take advantage of the new zoning, although several residential projects have already been announced.

According to a Main Line Times article, “The building would include a front portion at street level of about 7,000 square feet to house retail uses. The retail structure would have a green roof. Adjoining the retail section slightly to the rear would be an office building of about 120,000 square feet. Extending back from the retail section and wrapping the office building would be a parking garage providing 470 parking spaces, with two levels above grade and possibly two below.”

The new zoning in the City Ave District allows for higher density, transit-oriented, mixed-use development – something that the Brandywine project, although still in its early stages, will take advantage of.

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