On behalf of Ownership, GREA extends to qualified investors the rare opportunity to acquire the fee simple interest in this multi-family development site in Bridgeport, Montgomery County, Pennsylvania. This fully-approved site includes zoning approvals and plans for the construction of 250 apartment units. It is the largest multi-family development opportunity in this area in the past 20 years. The borough of Bridgeport is located about 6 miles east of King of Prussia and 2 miles west of Norristown, the county seat of Montgomery County, Pennsylvania. This transit-oriented site is a ±10-minute walk from Bridgeport Station (Norristown High-Speed Line) and a ±5-minute drive or bike to Norristown Transportation Center (Manayunk/Norristown Regional Rail Line and Norristown High-Speed Line) and Main Street Station (Manayunk/Norristown Line). Further, there is convenient access to Interstates 76, 476 , and the Pennsylvania Turnpike (Route 276), affording residents access to shopping, entertainment, and the area’s top employers.
The development opportunity is an approved site for 250 units as well as 133 covered parking spaces and 155 uncovered parking spaces. The property will contain an abundance of amenity spaces including a roof-top terrace with views of the Schuylkill River, fitness facilities, and a yoga studio. Additionally, all units will feature stainless steel appliances, high-end kitchens, modern baths, a washer/dryer, and ample closet space.