August 13, 2018
BET INVESTMENTS, INC. (A Bruce E. Toll Company) BREAKING GROUND ON $200M MIXED USE PROJECT IN UPPER DUBLIN, PENNSYLVANIA
BET Investments, Inc., a Bruce E. Toll Company based in Dresher, Pennsylvania, is holding a ground-breaking ceremony on August 13, 2018 for The Promenade at Upper Dublin, a master planned, mixed use project at the corner of Welsh Road and Dreshertown Road. The project will be completed in summer 2020 and will consist of luxury apartment units over main street retail and 114 active adult homes.
The residential component will include 402 studio, one-bedroom and two-bedroom units with numerous floor plans ranging from 553 to 2,529 square feet and 114 active adult homes. Many apartments have balconies or terraces, while all feature gourmet kitchens with quartz countertops, stainless steel appliances, plank flooring in kitchens and living/dining areas, walk in closets and full-sized washers and dryers. The apartments will have lavish indoor and outdoor amenity spaces with a state-of-the art fitness center and resort-style pool.
The 128,000 square feet of high-end retail will be anchored by a specialty grocer, outdoor lifestyle store, shops and restaurants. The town center retail will provide a small-town shopping experience with a focus on upscale fashion, dining, healthy living and personal care.
The Promenade at Upper Dublin is environmentally friendly and will feature a 2.7- acre park, over three miles of walking trails connecting the adjacent office parks and residential communities. The property will include sustainable design features, including green roofs, bike sharing and electric car charging stations. The project will have an outdoor stage for yoga in the park, and other entertainment, as well as a children’s play area.
“The Promenade at Upper Dublin will be the an exciting destination, with high end, state of the art apartments that will include resort like amenities combined with a lively and interesting combination of restaurants and shops providing a great meeting place for the surrounding communities”, said Michael Markman, President of BET Investments. This “live, work, play” community, combining commercial and residential uses, will be the first of its kind in Eastern Montgomery County. “In addition, the incorporation of a 2.7 acre park combined with walking trails and many other sustainable features, will make this the first development of its kind in the Philadelphia area,” Markman continued.
Metro Commercial Real Estate, Inc. will assist BET with the leasing of The Promenade at Upper Dublin.
BET Investments is a fully integrated real estate development, leasing and management company that was founded by Bruce E. Toll (co-founder of Toll Brothers) and Michael Markman. BET and its affiliates own more than seven million square feet of mixed-use and retail projects, one million square feet of office properties and over 4,000 apartment units in 12 states. For more information contact Michael P. Markman, President of BET Investments, Inc. at (215) 938-7115 or firstname.lastname@example.org.
Below are some articles on the ground breaking of The Promenade at Upper Dublin