Feb 10, 2015 | news, Retail
MIDDLETOWN >> Demolition of the distressed Granite Run Mall — except for the Boscov’s and Sears anchor stores — could begin in the fall, according to attorney Joseph Riper, representing BET Investments.
The Horsham-based firm intends redeveloping the mall site as an upscale town center with residential, retail, restaurant and entertainment components.
Postponed twice, a status report on the proposed project was presented to council at its Feb. 9 meeting by Riper and BET President Michael Markman. It drew no negative comments.
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Jan 9, 2015 | news, Retail
MIDDLETOWN: 1/9/2015 >> JC Penney has announced its Granite Run Mall store will close in April, along with 39 other stores nationwide.
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Dec 19, 2014 | news
Horsham, Pennsylvania (December 19, 2014). BET Investments, Inc., a commercial real estate company owned by Bruce E. Toll, is pleased to announce that on December 15, 2014 it broke ground on a long anticipated mixed use project in Dresher, Pennsylvania. The site contains a total of 9 acres, with frontage on Susquehanna Road and Limekiln Pike. The approved plan calls for a CVS drug store, a Chipotle restaurant and additional retail or restaurant space, twenty four (24) rental townhouses and a small office building that incorporates the existing Clime house on the property.
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Oct 28, 2014 | news, Retail
MIDDLETOWN >> A revised conceptual plan for a dramatic, estimated $100 million rebirth of the distressed Granite Mall shows an additional 319,000 square feet of new space will be added to proposed retail/residential use to create an upscale, outdoor “town center” atmosphere.
Michael Markman, president of BET Investments and mall owner/developer along with Bruce Toll, said that with greater symmetry than the previous design, the new layout is more visually attractive.
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Sep 26, 2014 | news
BET Investments bought the Abington Shopping Center and a local student housing complex as part of a recent round of $150 million in acquisitions.
Low interest rates have served as one of the big driver of the acquisitions.
In additions to the local buys, the Horsham, Pa real estate company that was formed by Bruce E. Toll, also made out-of-state purchases as it expands its geographic footprint. It bought a student housing project in Tampa, FL and an apartment property in northern Virginia.
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Sep 12, 2014 | news, Retail
Horsham, Pennsylvania (September 12, 2014). BET Investments, Inc., a commercial real estate company owned by Bruce E. Toll, is pleased to announce that it acquired the Abington Shopping Center located in Abington, Pennsylvania.
The Abington Shopping Center is one of the most well located shopping centers in Abington, Pennsylvania with excellent access and visibility from Route 611 (Old York Road) and London Road. The property contains 75,000 square feet of space and is anchored a variety of national tenants and sits directly across form a Target Store and a TJ Maxx. The population in a 5-mile radius of the property includes over 317,000 people with an average household income of $83,465 per year.
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