Category Archives: Commercial Real Estate

Conshohocken’s Borough Council Tables New Zoning District

January 18, 2017

During tonight’s meeting of Conshohocken’s Borough Council, Borough Council tabled the proposed new zoning district (SP-4) that would allow the hotel, larger office buildings, etc. on lower Fayette Street. The district is proposed by Keystone Property Group. On the agenda was for Borough Council to consider (take a vote) on advertising that it would vote to approve or deny SP-4 […]

Conshohocken’s Borough Council Ends Hearings for Hotel, Larger Office Buildings, Etc. Potential Vote Tonight on Setting Date to Approve or Deny

January 18, 2017

On the agenda for tonight’s (Wednesday, January 18th) meeting of Conshohocken’s Borough Council there is agenda item under Unfinished Business that states, “Consider a motion to authorize advertisement of the proposed SP-4 zoning ordinance.” Our spies tell us that this means Borough Council has decided to to not hold any additional hearing about the hotel, office buildings, etc, that are permitted […]

Is Conshohocken Poised to Burst its Restaurant Bubble?

January 17, 2017

One thing Conshohocken has is a lot of is restaurants. It is hard to find something non-edible to buy in Conshohocken, but if you are hungry, you have a lot of choices. Some say too many restaurants exist now, but in the near future Borough Council could approve a project that will greatly increase the number of tables available. Not […]

Drone Flight Over Conshohocken’s River Front

January 16, 2017

We came across this video on actually filmed today from a drone on Conshohocken’s river front. If you have been following O’Neill Properties’ plan to build an office building on the river front, the drone takes off and lands at the spot where the building will be built. The video was shot by Matt Cottone.

Read the Parking Study for the Proposed New Zoning District in Conshohocken

January 12, 2017

As we reported, Conshohocken’s Borough Council is currently considering creating a new zoning district that would permit a hotel and larger office buildings along the unit block of Fayette Street. Almost all of the hearings have involved parking and traffic. At the last hearing on January 4th, Keystone Property Group, the developer proposing the new district, presented a parking study. […]

Commercial Real Estate Vacancy Rates Continue to be Low in the Conshohocken Sub-Market

January 11, 2017

Joe O’Donnell from Omega Commercial Real Estate sent us the data for the commercial real estate in the Conshohocken sub-market. Office vacancy rates continue to be low. In the fourth quarter of 2016 the vacancy rate for Class A space was 7.9%. That represents a small rise from 7.7%. Class B space had a vacancy rate of 6.2% in the […]

Update on the Wawa Being Built on Ridge Pike

January 10, 2017

We pass by the Wawa being constructed at Ridge Pike and Diamond Avenue in Plymouth Meeting almost everyday. About two weeks ago the fuel tanks were installed. The steel frame for the building is also up. We emailed a representative of Wawa to inquire about the projected opening date, but haven’t received a response. More to come.

Former Exxon Property at East 7th and Fayette Back on Market

January 10, 2017

Binnie Bianco of Long & Foster shared with us earlier this week that the former Exxon property at the corner of East 7th and Fayette is back on the market (see listing). The business is no longer an Exxon and does not sell gas, but does actively service automobiles. The property was first marketed for sale back in 2014 and […]

Monetate Moving Headquarters Out of Conshohocken (But Keeping an Office Here)

January 10, 2017 Philly reported today that Monetate will be moving its headquarters out of Conshohocken (Whitemarsh Township), but retaining its office in the Quaker Chemical complex on East Hector Avenue. From the article: Monetate, one of Philly’s flagship e-marketing companies, announced Tuesday the relocation of its headquarters from Conshohocken, Pa., to New York City. CEO Lucinda Duncalfe told over the phone that […]

Update on the Hearings on the Proposed New Zoning District in Conshohocken (Hotel, etc)

January 9, 2017

During last Wednesday’s meeting of Conshohocken’s Borough Council there was another hearing on the proposed Special Zoning District 4, which would allow a hotel, larger office buildings, etc. along the Fayette Street to Robinson Alley between West Elm Street and West 1st Avenue. The hearing involved almost exclusively parking. The developer, Keystone Properties, believes it has adequate parking to handle […]