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Equus buys Lansdale station site for 181-unit apartment complex

Equus plans to begin building the project, called Madison Lansdale Station, in mid-November.

Artist's rendering of Madison Lansdale Station project planned in downtown Lansdale by Equus Capital Partners.
Artist's rendering of Madison Lansdale Station project planned in downtown Lansdale by Equus Capital Partners.Read moreWulff Architects

Equus Capital Partners Ltd. has acquired a 6.7-acre site beside Lansdale's SEPTA Regional Rail Line station, with plans for a complex of seven three- and five-story buildings with 181 apartments and 15,500 square feet of ground-floor retail.

Equus, based in Yardley, acquired the downtown Lansdale development site late last week for $1.9 million from the Lansdale Parking Authority, which no longer needed the site for parking after SEPTA's recent construction of a 680-space garage nearby, the company said in an e-mail Wednesday.

Equus plans to begin building the project, called Madison Lansdale Station, in mid-November. The first apartment units and retail spaces will be available for occupancy in fall 2018, the company said.