Friday, June 2, 2017

Keystone Property Group Gets Approval For Massive Conshohocken Project

Matthew Rothstein, Bisnow

Keystone Property Group has received zoning approval for an ambitious project in Conshohocken.

Situated next to the Conshohocken SEPTA train station, SORA West would be a multifaceted development, including a 250K SF office building and a 171-room hotel surrounding a public plaza and gathering space. Both the office and hotel buildings have retail and dining components planned, and the historic Conshohocken Firehouse, which also would abut the plaza, would be renovated into a brewpub. Keystone also plans for a 950-space parking structure to support the hotel and office buildings, with an additional 150 free public spaces somewhere in the project to support the surrounding downtown and the plaza. Keystone Property Group, which is headquartered at SORA East across the street, is looking for an anchor tenant for the office component, as well as a partner in the hotel project. It also still requires additional development permits, and is mulling an additional residential component to the project.

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