Local developer Ken Weinstein held an open house on Nov. 1, showcasing the five Regional Rail stations he plans to renovate.
Attendees toured the vacant stations, with Weinstein receiving feedback on what residents would like to see done with the buildings. While the plan is subject to change, Weinstein looks to renovate each station into commercial space on the ground floor with residential above, except for Gravers, which will be a single-family home.
The five stations are Tulpehocken, Upsal, Mt. Airy, Gravers, and Carpenter. Tulpehocken, Upsal and Carpenter are on the Chestnut Hill …
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Local developer Ken Weinstein held an open house on Nov. 1, showcasing the five Regional Rail stations he plans to renovate.
Attendees toured the vacant stations, with Weinstein receiving feedback on what residents would like to see done with the buildings. While the plan is subject to change, Weinstein looks to renovate each station into commercial space on the ground floor with residential above, except for Gravers, which will be a single-family home.
The five stations are Tulpehocken, Upsal, Mt. Airy, Gravers, and Carpenter. Tulpehocken, Upsal and Carpenter are on the Chestnut Hill West line; Gravers and Mt. Airy, on the East.
In December, SEPTA agreed to lease the five vacant Regional Rail stations to Weinstein’s local property development company, Philly Office Retail. The project received approval from the Federal Transit Administration in September, allowing it to move forward.
Under what SEPTA described as a “first-of-its-kind agreement,” Philly Office Retail will pay SEPTA $1 per year for up to 99 years to lease the five stations. The agreement will save SEPTA approximately $150,000 in annual maintenance costs, in addition to $4 million in one-time renovation costs. The developer will assume all costs associated with renovating the buildings.
Weinstein plans to start construction by late spring on all five stations, aiming to complete the project in 12 months.
Tommy Tucker can be reached at Tommy@chestnuthilllocal.com.
