Downtown Property For Sale

Old Chester County Courthouse. The new Chester...

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About a dozen residents of West Chester made it clear to the Chester County commissioners at a meeting Wednesday that they take very seriously the upcoming decision the county will make on the sale of vacant courthouse properties in the downtown area.

And although the comments at times became a referendum on which of the two bidders for the three properties would best serve the town’s interests, it was clear that those who spoke wanted a sale that would not damage the borough’s historic charm and character. The commissioners held the meeting to get input from West Chester residents on the fate of the buildings they have put up for sale in the heart of the borough’s downtown area. They include the North Wing of the courthouse on North High Street; two storefronts along West Gay Street; and the so-called Mosteller Annex of the courthouse at West Gay and North Church streets.

Two bidders have emerged for the properties, both offering more than $4 million for the buildings. Exton developers Eli Kahn and Jack Loew, doing business as 2 North High Associates, have bid $4.5 million; Stan Zukin, along with partners in Penguin Associates, bid $4.8 million. For the most part, the speakers urged the commissioners to look towards selling the property to those who would promise to preserve the properties rather than redevelop them. The fate of the land is still unknown but hopefully the land will be properly maintained. For more information check out the full article at Dailylocal.com!

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One response to “Downtown Property For Sale

  1. Pingback: Idea Exchange to Discuss the Future Mosteller Corner Redevelopment « My West Chester, PA

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