A 304-unit apartment community broke ground this month in Conshohocken making it the third large development under construction in the one square mile borough. SORA West is under construction at West Elm Street at Fayette Street and Seven Tower Bridge is under construction on the riverfront just downriver from the bridge.
The apartment community will be located at 51 Washington Street, which is between the current Conshohocken train station and the river and just upriver from the bridge. The developer is LCOR.
In the above photo, the trailer at the bottom of the photo is the current train station. That immediate will become an extension of Washington Street and SEPTA parking. Where you see the paved area in the middle of the photo will be where the apartments are built.
According to the Philadelphia Business Journal, which had an article on June 22nd about apartment developments in the suburbs, the rents at 51 Washington Street will average $2,200 and 21% of the community will be studios. The project is targeted to be completed by the fall of 2022. The name of the community has not yet been announced.
This is not the only development planned for this area. SEPTA is moving the train station up to just above Oak Street. Between the new train station and the river is a not-yet-built, but approved 276-unit apartment community named Matson Mill.
LCOR is the third developer to have owned the site since it was approved for apartments six years ago. In 2014. O’Neill Properties received the approval and sold the property to Mack-Cali. Mack-Cali, which was going to develop the apartment community under its Roseland Residential division, never broke ground (it did do some initial prep work which created the small pond). It then sold to LCOR in 2019.
More to come.