CONSHOHOCKEN, PA—Philadelphia-based Equus Capital Partners has decided to scrap plans to build an apartment complex on West Elm Street here, opting instead to build a new office building at the site.

The firm had looked to build 300 apartment nits at the 20-acre site it acquired in 2011. However, Equus is now seeking to build a new seven-story 320,000-square-foot building there, according to the Philadelphia Business Journal.

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