GMH Capital Partners Breaks Ground on Philadelphia Property
- Jun 17, 2020
Ground has been broken on The Pendleton at Malvern. The four-story multifamily property featuring 225 units on the Main Line in the Philadelphia suburb of Malvern, Pa., is being developed by GMH Capital Partners L.P. It is slated to open in summer of 2021. GMH Capital Partners’ sale of a property was among the largest in Tucson, Ariz., this year.
The rental community will offer residents a variety of apartment sizes and configurations. They include studio apartments and one- and two-bedroom residences. Among the more prominent common-area amenities is a bocce court within a private half-acre courtyard.
“Historically, our location along Lancaster Avenue has been a sleepy stretch through Philadelphia’s Main Line,” Shaun Gallagher, vice president of development at GMH Capital Partners, told Multi-Housing News.
“Combined with East Whiteland Township’s vision for Lancaster Avenue, commercial redevelopment activity along the corridor, and successful for-sale residential projects completed by Toll Brothers, Pulte and Ryan Homes in the immediate area, the timing is perfect.”
Diverse land uses
Situated 25 miles west of Philadelphia, Malvern is a live-work-play borough that occupies a central location within Chester County. The new development will be convenient to shops, restaurants and an array of nearby major employers, including Microsoft, Siemens, IKON and Johnson & Johnson. East Whiteland Township has announced a comprehesive plan promoting Route 30, just north of Malvern, as offering enhanced multimodal transportation options and wide diversity in land uses.
The land on which the development is being built presented challenges. “We combined five separate parcels of land working with three individual property owners,” Gallaher said. “Managing the land owners’ needs while navigating zoning, conditional use, and land development proceedings with the township was cumbersome. We developed a relationship with each of the owners and kept them apprised of our progress with approvals. East Whiteland Township and GMH share a similar vision for the revitalization of Lancaster Avenue. It was and continues to be a collaborative effort with the township.”
Malvern is well served by public transportation into both Philadelphia and New York City. From Malvern Station, residents can ride SEPTA Regional Rail’s Paoli/Thorndale Line trains directly to Center City Philadelphia. OurBus provides intercity bus service from Malvern to the Park Avenue area of Manhattan in New York City.