On January 19th, 2018, the stacks of the old Sonoco paper mill in Downingtown, PA were imploded. Apartments, shops and a new train station will be built in place of the dilapidated and abandoned paper mill.
The Hankin Group an Exton based real estate development, construction, and management company has announced, in coordination with the Borough of Downingtown, Hankin’s acquisition of an approximately 70-acre tract of land located at the intersection of Boot Road and Route 322 in Downingtown Borough and East Caln Township will be turned into a planned development with apartments and retail space.
The projected is slated to have 442 apartments and 14,500 SF of retail space split between six densely arranged buildings.
The planned Development is called "River Station", so named because it is on the future site of the relocated Downingtown Station, which will serve both SEPTA and Amtrak. The exact schedule of the train station's construction has yet to be determined. The Hankin Group said they are proceeding with a phased construction on the $100M development regardless.
The property consists of 40 acres in Downingtown Borough and 28 acres in East Caln Township, The development will feature a pedestrian bridge connecting Downingtown's Johnsontown Park to east bank of Brandwine Creel and a trail system that links the proposed extension of the Chester-Valley Trail system. It will also include more than 100,000 square feet of commercial office space.
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Bela Vora, REALTOR®,
Coldwell Banker Preferred - Exton Real Estate.
Office: 610 363 6006; Cell: (484) 947 3127
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