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Home/Real Estate/HOUSING INVENTORY SHORTAGE

An abandoned mall becomes 217 apartments — and a signal of how suburban corridors are being rewired

HB

Hayden Beckett

housing inventory shortage · Apr 17, 2026

An abandoned mall becomes 217 apartments — and a signal of how suburban corridors are being rewired

Source: DojiDoji Data Terminal

An abandoned mall becomes 217 apartments — and a signal of how suburban corridors are being rewired

Related Brief8h ago
infrastructure spending

A $230,000 change order expands sinkhole repairs — and reveals how hidden infrastructure failures reshape public spending

A $230,000 change order has expanded repairs on the Southeast Transmission waterline near the 10th and Commercial sinkhole, turning what was a defined project into a three-phase response. The City Commission’s approval means funds are now redirected to address structural instability that was not part of the original plan. City Manager Trey Cocking confirmed the sinkhole has fundamentally altered the project’s scope, forcing engineers to treat it as an evolving threat rather than a contained fix. This shift pulls focus and budget from other city priorities, including planned upgrades to the DeBauge Sports Complex and the upcoming Street Rehab project set to begin later this summer. The Southeast Transmission project was meant to conclude this year, but the added phase delays completion. Resources and planning bandwidth are now tied to reactive repairs rather than forward-looking development. The change order reflects a broader pattern: when underground infrastructure fails, public spending pivots from growth to containment. For residents, that means promised improvements — from water reliability to road quality — are no longer on fixed schedules. The sinkhole did not just break ground. It broke the timeline.

The Blayr apartment building opened on City Avenue in Bala Cynwyd last month, replacing a vacant Lord & Taylor site at the Bala Cynwyd Shopping Center. The development added 217 apartments and 19,000 square feet of ground-floor retail space. Hundreds of additional apartments are now under construction along City Avenue. A change to Lower Merion’s land-use law has enabled mixed-use development along the corridor. Developers are responding to demand from young professionals, couples, and empty nesters seeking access to both Philadelphia and the Main Line. Residential density is increasing in a formerly retail-dominated suburban corridor. The transformation reflects a broader shift in how suburban commercial strips are being redeveloped to include housing, retail, and walkable design.

Related Brief16h ago
mortgage lending

Waterstone Mortgage Expands Mid-Atlantic Lending Capacity

Homebuyers in the Greater Washington D.C., Maryland, and Virginia metropolitan areas now have access to more customized financing options for varying financial profiles. This access is provided by Jeremy Moreithi, who joined Waterstone Mortgage Corp. as branch manager of its office in Ashburn, Virginia. Moreithi will offer loans backed by WaterStone Bank while utilizing Waterstone Mortgage’s tools and programs. Waterstone Mortgage intends for this structure to support tailored solutions for borrowers.

housing inventory shortage

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