By Josh McKnight | The McKnight Team Springfield Hospital has been closed since 2022. Now it appears to be coming back. Todd Strine, who also acquired Taylor Hospital in Ridley Park last September, became the majority owner of the Springfield facility and is moving forward with a plan to reopen it as a specialty care center. The 90,000-square-foot building has 40 beds, four operating rooms, and an...
By Josh McKnight | The McKnight Team Narberth Borough Council is set to consider zoning changes in May that could meaningfully affect who can afford to live there and what kinds of housing get built. For anyone watching the Montgomery County real estate market, this is a story about supply, affordability, and what happens when a highly desirable small town tries to grow without losing what makes it...
By Josh McKnight | The McKnight Team A 24-acre property along Route 202 in Doylestown Township just moved one step closer to becoming a luxury townhome community. The Doylestown Township Planning Commission voted 4-1 in March to recommend a zoning amendment that would allow Zaveta Custom Homes to build 36 townhomes on the historic Hart property, owned by the Bucks County Historical Society. The plan...
By Josh McKnight | The McKnight Team Automated warehouse company Exol has signed a lease for the entire South Penn Logistics Center at 2300 S. Pennsylvania Ave. in Morrisville, Bucks County — occupying 973,200 square feet in what ranks as one of the largest industrial leases in the Philadelphia region in recent years and the biggest industrial deal of 2026 so far. The facility, completed last year by...
By: Josh McKnight | The McKnight Team Two bills moving through Philadelphia City Council could significantly change the regulatory environment for rental properties in the city. The legislation, part of the Safe Healthy Homes Act introduced by Councilmember Nicolas O'Rourke, is scheduled for a final vote on March 19. If passed, the bills would expand tenant protections against retaliatory eviction and...
By Josh McKnight | The McKnight Team A developer bought a property in Plymouth Township for $17 million in 2024, proposed up to 200 apartments, got turned down, and is now planning a 24-hour gas station and convenience store. If that sequence sounds like a missed opportunity, you are reading it the same way a lot of people in this market are. The story is really about what happens when housing supply...
By Josh McKnight | The McKnight Team Philadelphia Mayor Cherelle Parker included $10 million in her latest budget proposal to bring a modular housing factory to the city. It sounds like an unusual line item for a city budget. But if it works, it could be one of the more direct attempts to address the single biggest problem in the Philadelphia real estate market: there are not enough homes, and building...
By Josh McKnight | The McKnight Team A fire tore through the Mill Race Inn at 183 Buck Road in Northampton Township on the morning of March 15, severely damaging the historic gristmill that has stood on that site since 1787. It is a loss for the township's history. But what comes next is a story about Bucks County real estate and what happens when a long-blighted property finally gets a plan. From...
By:Josh McKnight | The McKnight Team The Episcopal Diocese of Pennsylvania has announced a significant redevelopment initiative that could add more than 1,000 new residential units across Philadelphia and its four collar counties — including Bucks, Montgomery, Delaware, and Philadelphia County. The diocese has partnered with a private developer to convert 26 properties in prime locations to new uses,...
By Josh McKnight | The McKnight Team The largest redevelopment project in Montgomery County history is no longer on paper. The Preserve at Stony Creek — the transformation of the former Norristown State Hospital grounds — has cleared every major approval hurdle and is moving toward construction on 68 acres in the heart of Norristown. If you are watching the Montgomery County real estate market,...
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