Bala Cynwyd Shopping Center

Ironwood was contracted by Federal Realty Investment Trust (NYSE: FRT) to represent ownership for the redevelopment of a vacated Lord & Taylor department store within an existing shopping center.  The goals included replacing the former store with something that would reposition this older retail center into a modern mixed-use project.  Ultimately the team elected to pursue an approximately 215-unit multi-family apartment building, and Ironwood worked with FRT on project design and facilitated permits and approvals.

Development Challenges:

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• Confirming the "highest & best use" for the former department store

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• Integrating a multi-family building into an existing retail center to effectively create a mixed-use design

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• Permitting in an affluent community that was adverse to additional residential development