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Newsletter
August 2012 
In This Issue
New home office for Arcadia
ALR sells distressed land assets
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Arcadia Video Corner

KCPT: Imagine KC - Transit Oriented Development
KCPT: Imagine KC - Transit Oriented Development
Arcadia partner, Christopher B. Leinberger, speaks in Kansas City about the benefits of a proposed street car line.
 
Arcadia partner, Robert S. Davis, discusses 25 years of success at Perspicasity, Seaside's open area market.

Seaside documentary trailer
Seaside trailer
A short telling of the story of Seaside.
Arcadia Reading Corner
 
 by former Arcadia intern, Steven Ujifusa.

The story of America's greatest naval architect, William Francis Gibbs, and his quest to build the world's finest ocean liner, the S.S. United States.

 by Arcadia partner, Christopher B.
Leinberger.

Americans are voting with their feet to abandon strip malls and suburban sprawl, embracing instead a new type of community where they can live, work, shop, and play within easy walking distance.

 

by Seaside Institute. 

A book about the iconic community of the New Urbanism-- Seaside-- developed by Arcadia partner, Robert Davis.

Last Harvest
by Witold Rybczynski.

A book about American development told through the lens of Arcadia's New Daleville community in Chester County.
Greetings!      

    

Arcadia has moved!  See below for details about our new home in Narberth, Pennsylvania.

 

Our brokerage affiliate, Arcadia Land Realty, has seen a summer of success, finding unconventional exits for two distressed residential subdivisions.  See below for details.

Best,

 JMD signature
Jason Duckworth
A new home for Arcadia: Narberth, PA.
 
Downtown Narberth
Our new home is Narberth, the heart of the Main Line.
With space in short supply at our digs in Haverford, we've moved to larger more neighborly space in downtown Narberth, PA.  

Our new details are:

Arcadia Land Company
114 Forrest Ave., Suite 201
Narberth, PA 19072
P 610.664.0270
F 610.664.0273

Here on Forrest Avenue, we are a one-minute walk from the train, Danny's Guitar Shop, The Cheese Company, the movie theater, the Yoga Garden, our masterful French bakery Le Petit Mitron, CoCo Thai Bistro, and Narberth's beloved watering holes: The Greeks, McShea's and Great American Pub.  

Come visit us soon for lunch or drinks.  There are a lot of places to choose from.

Arcadia Land Realty orchestrates sale of distressed land assets in PA and DE; finds creative uses to achieve higher value.

Shea property
A view of the Brandywine Springs Farm in Upper Uwchlan Township, Pennsylvania.
Arcadia Land Realty, our real estate brokerage affiliate, arranged for the sale of two distressed residential subdivisions that closed in June 2012.  In both cases the original residential development plan was infeasible and the owner turned to Arcadia to identify more valuable alternatives.

Brandywine Springs Farm is a 57-acre approved subdivision for eight single-family estates.  Earlier attempts to market the property for residential development had failed.  Instead of pursuing the builder-developer market, Arcadia turned to public sector entities.  A targeted marketing process produced two serious proposals.  The Pennsylvania Turnpike Commission closed on the property in June 2012 for $1.3MM. Arcadia Land Realty served as agent for the owner.

Cascades is a fully-improved residential subdivision in Milford, DE originally planned for 80 single-family detached condominiums. Having performed more than a dozen market studies in southern Delaware over the last three years, Arcadia knew that market-rate single-family lots in peripheral markets like Milford were generally worth less than replacement cost. Arcadia believed, however, that affordable rental housing financed with low income housing tax credits would generate a greater land residual. Arcadia worked with the owner and the ultimate buyer, the Ingerman Group, to nearly double the density and develop the property in phases.  The property closed in June 2012 for more than $1.0MM.  Arcadia Land Realty served as agent for the owner.

Please contact Eric Carlson at (610) 664-0270 x23 for more information about Arcadia Land Realty's services.