The family that owns the Great American Pub has put the Columbia House in Phoenixville, Pa., under agreement with an eye toward bringing the popular eatery to the Chester County borough.
The Hemchers anticipate closing on the Victorian building at 148 Bridge St. in a month and has plans to spend roughly $500,000 to renovate the structure on the inside and out.
The 13,555-square-foot property, a landmark in Phoenixville, was put up for sale last year as part of a Chapter 11 bankruptcy proceeding filed by an entity that owned it. The property was initially listed for $1.8 million and then lowered to $1.6 million. The asking price was dropped to $1.4 million and the Hemchers are reportedly paying close to that amount. Read more about this story at PBJ.com.