Felson Apartments

Cranberry Township, PA

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In Fall 2021, Radnor commenced development on this 264-unit multifamily apartments community in Cranberry Township, a suburb of Pittsburgh. The nearly 400,000 square foot project is currently under construction with a phased delivery of buildings from Fall 2022 through Summer 2024.

The project is comprised of a six-building residential community and includes a private courtyard for gatherings, fire pits, gas grills, and a pool. Residents will also have access to other amenities, including a fitness center, a club lounge with kitchen and fireplace, conference rooms, game rooms and workspace. Walking trails are planned throughout the wooded property, connecting to a larger bike path network within the Township. Units feature nine-foot ceilings and balconies in every unit, stainless steel appliances, wood cabinets, quartz countertops, and under-counter mounted stainless steel sinks. Covered parking is available as well.

The project is structured as a joint venture between Radnor as general partner and developer with a Fortune 100 insurance company as equity investor. Citizens Bank is the construction lender. Greystar has been retained as property and leasing manager for the asset.