Pennsylvania

Exclusive: YMCA Property in Ardmore Changes Hands

Developer C.F. Holloway & Co. has bought the former Main Line YMCA property in Ardmore, Pa., for $6 million.

The seller was a venture between Cornerstone Communities and Provco Group of Villanova, Pa. That partnership had acquired the site two years ago from the Main Line YMCA for $2.6 million and took it through the approval process, said David Della Porta, who runs Cornerstone Communities.

Cornerstone and Provco's plans had involved tearing down the existing 25,000-square-foot structure on 1.8 acres at the corner of Montgomery Avenue and St. George’s Road and constructing a $20 million, 32-unit condominium complex. Approvals are in place for a four-story building.

Read the full story here.

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