Just about a year after opening, Eastside Flats in Malvern, Pa., has come up for sale.
One estimate pegged the property trading for upwards of $75 million, but that couldn't be confirmed.
Cornerstone Communities of Villanova, Pa., constructed the roughly $50 million apartment complex, which has 190 units and 27,000 square feet of retail space. HFF is marketing it.
The development along King Street dramatically changed the character of the main thoroughfare of this small Chester County community because of its sheer size — it takes up nearly three city blocks — but also with an attempt to incorporate design elements that strived to make it fit naturally into the existing neighborhood.
Some would say Cornerstone was successful in that regard while others contend the scale of Eastside Flats doesn’t quite fit into the community.
