Tuesday, January 29, 2019

Goldenberg and Guidi in Purchase of St. Mary’s Villa in Upper Dublin PA

by Steve Lubetkin Globest.com
St. Mary’s Villa, which has occupied more than 50 acres in Upper Dublin Township has been sold to the Goldenberg Group and Guidi Homes, who plan to redevelop the site into a luxury residential community.  The development team plans to break ground in upcoming weeks and expects to begin delivering homes in 2020.

Located at 701 S. Bethlehem Pike on the corner of Lindenwold Avenue and Bethlehem Pike, most recently this parcel of land served as a youth home owned by the Sisters of the Holy Family of Nazareth.

Originally, the property was established as the primary residence for Dr. Richard Van Zeelust Mattison, who became one of Ambler’s founders.  Dr. Mattison was a principal at Keasby & Mattison, the town’s primary employer.  He founded a library, built an opera house, offices, shops and Trinity Memorial Episcopal Church.  He also built many of the homes in Ambler including Lindenwold Castle, the focal point of his estate, which was originally a large Victorian home was encased in stone in 1912 to resemble Windsor Castle.
“The ability to preserve many features of this once elegant estate is one of the reasons we were so attracted to this site in addition to its premier location,” says Rob Fluehr, director of residential development at The Goldenberg Group.  The site’s rich history also served as inspiration when the name was designated Mattison Estate.

The Goldenberg Group and Guidi Homes expect to build 104 for-sale villas and carriage homes designed to complement the historic elegance of the estate, while showcasing modern architecture.

Just 30 minutes from the heart of Philadelphia, this location is easily accessible to public transportation via Fort Washington and Ambler train stations and major thoroughfares, like the Pennsylvania Turnpike and Route 309.  Downtown Ambler, the Upper Dublin Public Library and great schools like Upper Dublin High School are all within walking distance.
M&T Bank provided the acquisition and construction financing for the project.

“We have worked with M&T Bank on many projects across our diverse portfolio over the years and are pleased they are involved in our newest endeavor at Mattison Estate,” says Robert W. Freedman Esq., senior vice president of The Goldenberg Group.

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