During the summer of 2016, Jenkintown Borough was approached by the owner of 433 and 435 Cedar Street in Jenkintown. He was in the process of selling the property and had been approached by real estate developers who planned to construct six units of dense housing. The owner did not care for that plan, and approached the Borough offering to sell the property for a price significantly lower than market value.
During a period of due diligence, the Borough contracted with qualified firms and commissioned a comprehensive property appraisal, an environmental study (ESA I), and home and property inspections. Read More »