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.
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