Bill Glazer's Keystone Property Group, best known before now as a buyer and renovator of aging office buildings in Philadelphia and its suburbs, has unveiled a new plan for One Conshohocken, a redevelopment scheme including a public plaza, a 300,000 sq. ft. office building, a 200-room hotel, and shops and restaurant space, including conversion of the 136-year-old firehouse as a bar.
No tenants or hotel have been signed to date, Glazer's spokesman told me. Conshohocken plans to review the proposal at a borough meeting Wednesday night.
One Conshohocken is also designed to include 300 free parking spaces. The project is close to Conshocken's Septa station (Philadelphia-Norristown train line) and the crowded Schuylkill Expressway (I-76). The borough and the Montgomery County Redevelopment Authority picked Glazer's company to redevelop the site last year. The town, formerly an industrial center, has attracted offices and apartments over the past 20 years as a suburban alternative to Center City Philadelphia.