Well, well, well. There are fresh rumors afoot concerning Suburban Square and their new owners Kimco. It is no deep, dark secret they want to redevelop the Ruby's lot.
But are they now really going to push for rezoning before the long sought Ardmore redevelopment happens with Carl Dranoff?
How neighborly of them!
What Suburban Square/Kimco wants to do is NOT by right, and it IS huge. Suburban Square is already a logistical nighmare, and if they start this before "Main Street" Ardmore starts it's renaissance, it could further hurt "Main Street Ardmore".
Shame on Kimco and Suburban Square! They could be good neighbors and redevelop in concert with the rest of Ardmore....only it seems they are not. Ardmore is NOT all about Suburban Square.
And the attorney for Kimco is yet another former Lower Merion Township Commissioner, right? A former Master of Eminent Domain?
The More Things Change in Ardmore, The More Things Stay The Same.....
Oh, did everyone see this article:
Friday, April 11, 2008
Ardmore revamp won't raze the old
Philadelphia Business Journal - by Peter Van Allen Staff Writer
ARDMORE -- Some business owners on the Main Line are breathing sighs of relief.
After years of stressing that older businesses would be razed to make way for a redevelopment project, Ardmore is moving forward with an ambitious, $150 million mixed-use project -- without tearing down a single existing business.
"Once eminent domain went off the table, everything shifted," said Nancy Gold, former president of the Ardmore Business Association and owner of the King's Collar. "It's rare that you get a chance to see a town reinvent itself."
Redevelopment plans took a step forward last month with the selection of Dranoff Properties as lead developer for a long-debated redevelopment plan, now called Ardmore Station, that will revitalize the area around the train station and include part of the downtown where Lower Merion Township has a surface parking lot. ....A third group, the Save Ardmore Coalition, remains wary of additional development beyond Ardmore Station.
The group's Web site cautions that the balance could be upset by the possible development of a parcel west of Suburban Square, across Anderson Avenue from a Ruby's restaurant. According to the coalition, Suburban Square's owner, Kimco Realty Corp., wants to convert what is now parking to a 300,000-square-foot mixed-use structure that would include 275 residential units and street-level retail.
But Kimco, which bought Suburban Square in May 2007 for $215 million, has not filed plans with Lower Merion, according to Angela N. Murray, assistant director of building and planning at the township.
The company itself has remained mum on any plans.
"Kimco does not comment on any plans unless they are publicly announced," said Barbara Pooley, vice president of finance and investor relations at New Hyde Park, N.Y.-based Kimco Realty.
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