Developer Equus Capital Partners has announced the start of development on 400 West Elm, a 13-story, 348-unit residential high-rise at 400 West Elm Street in Conshohocken, PA, in the greater Philadelphia metropolitan area. Designed by JDAVIS (which is also responsible for interior design), the building will rise on the Schuylkill River waterfront, less than 2,000 feet to the northwest of the Conshohocken Station of SEPTA Regional Rail. The development team bills the project as one that will offer luxury apartment accommodations of an urban caliber that is rarely seen in the area.
Equus, in partnership with USAA Real Estate, have recently closed on a joint venture and first round of financing. The fenced-in lot appears ready for construction to kick into high gear, with signage and construction barricades for contractor McDonald Building Co. in place and a trailer at the site.
The development will be situated on a 10-acre site, which will also house a two-story, 189-car garage as well as 250 surface parking spots, leading to an average of around 1.25 spaces per apartment. The project also sits within an under-ten-minute walk to the Conshohocken Station, which offers a direct, 30-minute-long commute to Center City.
40 West Elm will offer residents an amenity package that is unusually comprehensive for residential buildings in the area. Building services will include a concierge, package delivery, dry cleaning, pet grooming, and more. A large yard will feature outdoor kitchens. Also included will be a swimming pool with lap lanes, a fitness center, in-building office suites, a conference room, and private work spaces.
Apartments will range from studios to two bedrooms. Units will offer luxury finishes, nine-foot ceilings, loggia balconies, walk-in closets, and in-unit washers and dryers.
Measuring 134 feet to the main roof, the building will be one of the tallest in Conshohocken, and its 300-foot-plus girth will make its presence on the skyline even more noticeable. The building’s austere yet elegant exterior, clad in white, red, and off-black panels, will contribute to the cosmopolitan appearance of the town’s compact high-rise district.
Conshohocken is currently experiencing a development boom that promises to add around 1,000 residential units to the city in the next few years. Much of this development is concentrated along the long-neglected waterfront and will thus offer walking-distance access to the train station, providing convenient transit access to central Philadelphia and throughout the region to future residents.
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