Plan for 598 apartments in Conshohocken reduced and will now also include condos

During the March 6th meeting of Conshohocken’s Borough Council, there was a presentation from KRE about the plan for the property at 401-433 Washington Street in Conshohocken (the majority of the property is in the Borough of Conshohocken and the balance is in Whitemarsh Township).

KRE has an approved plan for 598 apartments that was the result of a settlement agreement dating back a decade (when O’Neill Properties was the owner and developer of the property). KRE acquired the property and has started to clear the property to prepare for construction.

However, KRE has changed the plan that will reduce the number of units from 598 apartments to 481 units that will be a mix of apartments and owner-occupied condominiums. This new plan reduces the number of bedrooms from 804 to 690. The heights of buildings and amenities like the trail along the river will go forward as previously approved. It was not stated how many units would be apartments vs. condos. The renderings at the top of the article show the apartments to the left and the condos to the right.

The apartments will be within two building fronting the river and the condos will be in four buildings fronting Washington Street. KRE will develop the apartments and Pulte will handle the condo portion. The previously approved plan for 598 apartments is shown to the left and the new plan is to the right.

When asked why KRE reduced the plan for apartments by Council President Tina Sokolowski (D, Ward 3), a representative of KRE stated that while their research showed that Conshohocken was a strong market, they determined that 598 units was a lot and that mixing apartments and condos would make the project more successful. Council member Alan Chmielewski (D, Ward 1) asked a similar question and the representative of KRE shared that there was a concern of overbuilding.

The borough council will consider this new plan as an amendment to the original settlement agreement. That vote is scheduled for March 20th.

Renderings: KRE