Representatives from Lansdale Borough, the Commonwealth of Pennsylvania, SEPTA and Equus Capital Partners break ground for the Madison Lansdale Station project Tuesday.
Equus Capital Partners, Ltd. (Equus), one of the nation’s leading private equity fund managers, announced the groundbreaking of Madison Lansdale Station, a 181 unit luxury garden style apartment community located in the heart of Lansdale. The project will also include 15,500 square feet of ground level retail.
The first apartment units and retail spaces will be available for occupancy in fall of 2018 and future residents will be able to begin reserving units in the spring of 2018.
Situated on a 6.7 acre site adjacent to SEPTA’s Lansdale Train Station in Montgomery County, PA, Madison Lansdale Station is a critical piece of Lansdale’s revitalization plan. Equus acquired the site from the Lansdale Parking Authority which no longer had need of the parking lot due to the recent completion of a SEPTA-built parking garage with 680 parking spaces. Providing convenient access to downtown Philadelphia, the Lansdale Train Station serves thousands of commuters per day and is the most frequently used station along SEPTA’s popular Lansdale/Doylestown line.
Designed as a true transit oriented development, Equus will connect the retail spaces to the train station via an enclosed overhead bridge that also connects to the SEPTA parking garage.
“We’re thrilled to be a part of all the exciting development taking place in Lansdale,” commented Greg Curci, Executive Vice President of Madison Apartment Group, the multifamily operating arm of Equus. “Our thoughtfully designed residences and central location will appeal to those who value quality and convenience, while our restaurants and retail will bring exciting new dining and shopping options to the borough.”
Designed by Philadelphia based Wulff Architects, the 181 residential units will be located throughout one five-story elevator served building and six three-story garden style buildings. The community will offer 1 and 2 bedroom apartment homes across 14 distinct floorplans, as well as a full set of amenities including an outdoor pool, fitness center, indoor and outdoor resident lounge areas, indoor dog wash, and a package delivery center. The contemporary unit finishes will include quartz countertops, stainless steel appliances, 9’ ceiling heights and in-unit washers and dryers.
The project’s construction will be managed by DeLuca Select, LP who has served as the general contractor on prior Equus multi-family development projects. Equus’ affiliate, Madison Apartment Group, Ltd., will serve as property manager.
About Equus Capital Partners, Ltd.
Equus Capital Partners is one of the nation’s leading private equity real estate fund managers. Equus’ diversified portfolio consists of office, multi-family, industrial, and retail properties located throughout the United States. The firm is headquartered in the Philadelphia area with regional offices in Chicago, Los Angeles, Washington D.C., Boston, Atlanta, and Raleigh-Durham. For additional information, please visit the company’s website at www.equuspartners.com.
