Newtown News of Interest
42.2K views | +0 today
Follow
 
Scooped by johnmacknewtown
onto Newtown News of Interest
Scoop.it!

Arcadia Set to Build Million Dollar Apartments in #NewtownPA?

Arcadia Set to Build Million Dollar Apartments in #NewtownPA? | Newtown News of Interest | Scoop.it

[Image: Inside a two-bedroom $million Arcadia apartment in Doylestown PA.]

 

New apartment communities are being built or in the planning stages in Falls, Lower Makefield, Middletown and Newtown. But Doylestown may be a special case.*

 

"Doylestown hasn't seen a multi-family dwelling in a generation," said Jason Duckworth, president of Arcadia Land Co. He thinks the old courthouse town now has a young, semi-urban atmosphere that makes it perfect for apartment living.

 

Arcadia developed a community of 60 homes initially called Arcadia Green but now known as Mayfield in Newtown Township and Arcadia and Rockwell Custom of Media plan to build a townhome community of 3,300-square-foot homes called Clear Springs Court in Doylestown with elevators in the buildings. Prices will start around $1 million.

 

johnmacknewtown's insight:

 

*Newtown may also be a special case as it inches closer to rezoning the LI-OLI district to include “mixed-use” and Town Center apartment buildings (listen to my “Concerns Regarding The #NewtownPA Business Commons Overlay Plan”; https://sco.lt/94mupM).

 

Some members of the Newtown Planning Commission expressed the hope that employees in the Business Commons (located in the LI-OLI district) would buy some of these apartments. It is unlikely, IMHO, that they would be able to afford million dollar apartments, which seems to be the favored price point of Arcadia’s development projects.

No comment yet.
Newtown News of Interest
These Scoops are excerpts from articles published in local newspapers and other sources that may be of interest to Newtown area residents. Please click on the "From" link to access the full original article. Any opinions and "insights" appended to these article summaries are solely those of John Mack and do not represent the opinions of any other person or entity.
Curated by johnmacknewtown