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Westrum Starts 128-Unit Townhouse Complex

PHILADELPHIA-The developer anticipates a $65-million sellout of Hilltop at Falls Ridge. The 12.6-acre residential complex contains four-story and stacked two-story market-rate townhouses in the East Falls neighborhood.

By Marita Thomas | Updated on October 25, 2006

(To read more on the multifamily market, click here.)

PHILADELPHIA-Fort Washington-based Westrum Development Co. has begun construction of Hilltop at Falls Ridge, a 128-unit townhouse complex in the East Falls neighborhood. The project contains two-, three- and four-bedroom units in a combination of stacked two-story layouts of about 1,300 sf and rear- and front-entry, four-story layouts of approximately 4,000 sf.

John Westrum, CEO, declined to provide an estimated construction cost, but says he anticipates a $65-million sellout. Of the initial 12 units, he says the company has commitments for 10. Pricing ranges from the mid-$300,000s for the stacked units to $600,000-plus for the larger ones.

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