“The Grandstand offers new ownership tremendous headroom given the significant rent spreads achieved by nearby, fully renovated communities,” says Shea Campbell, a senior vice president at CBRE.
Chestnut Hill Village and Blossom Row are situated on 45 acres surrounding Market Square, an ACME grocery-anchored shopping center, and adjacent to the Wyndmoor SEPTA regional rail station.
What was once a fertile and cheap source of financing for multifamily and hotel developers is largely absent. Learn the two primary reasons for the slowdown and some solutions in this EXCLUSIVE commentary on the subject.
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