Malvern Apartment Complex Nears Completion After 10 Years In The Works

Map of Chester County, Pennsylvania, United St...

Map of Chester County, Pennsylvania, United States with township and municipal boundaries (Photo credit: Wikipedia)

The developer calls Malvern “the town that time forgot” – its main street lined with Victorian-style houses, small boutiques, and local watering holes like the Flying Pig Saloon.

But Eli Kahn and his partners are betting that a $45 million apartment and retail complex on East King Street will help satisfy urban appetites in one of the region’s most venerable suburbs – and entice empty nesters and young professionals looking for a citified environment outside the city.

Construction on the East King Street redevelopment project began in June and includes two large apartment buildings with 190 units, plus first-floor retail space that Kahn envisions renting to restaurants, coffee shops, and boutiques. The complex, due for completion in August, also is to house a Whole Foods grocery.

Kahn and his partner, David Della Porta, spent several years buying 11 parcels on the site, and the project has been a decade in the making. A house on one small parcel remains because an elderly resident didn’t want to leave her home and declined to sell, Kahn said.

Read more:  http://www.philly.com/philly/news/local/20130204_Malvern_apartment_complex_nears_completion_after_10_years_in_the_works.htmlhttp://www.philly.com/philly/news/local/20130204_Malvern_apartment_complex_nears_completion_after_10_years_in_the_works.html

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