Other Projects

Swede Square, East Norriton Township, Pennsylvania

Swede Square is an approximately 135,000 square foot strip center and office building located in a strong suburban market. Anchored by LA Fitness and a Class C office building, the property had significant environmental contamination and was considerably under-performing. Ironwood subdivided and sold the office building to a local business, and completely renovated and sold the strip center to an institutional buyer in 2003.

Development Challenges:

  • Remediated environmental issues and obtained clearance from the Pennsylvania Act 2 Land Recycling Program

  • Attracted new stores to an outdated center based on our “vision” of the future

  • Relocated several long-standing, existing tenants to accommodate new stores

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Moonlight Motel, Brigantine, New Jersey

Ironwood purchased an underperforming motel on beach block in Brigantine, NJ. The property was redeveloped into six luxury vacation homes that sold for approximately $1 million per home.

Development Challenges:

  • Operated the motel during the design and permitting period

  • Myriad of issues associated with development in a shore community

  • Unit sales during a very challenging economic environment

Bank of America, Wayne, Pennsylvania

Ironwood was contracted to represent ownership for the redevelopment of an existing retail store on Rt. 30 in Wayne, Pennsylvania for a new Bank of America bank branch.

Development Challenges:

  • Identified an acceptable design to reuse the existing building to facilitate permitting maintaining the “grandfathered” status of the building

  • Permitting in an affluent community that is historically adverse to new development

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