Suburban Square now has apartments
Coulter Place is one of a few projects planned in recent years to bring hundreds of apartments near Lancaster Avenue in Ardmore.
Apartments have come to Suburban Square.
This week, owner Kimco Realty and developer Bozzuto Development announced the opening of Coulter Place, the first apartment community in the Ardmore shopping destination.
The five-story, mixed-use development includes 131 apartments with one to three bedrooms and about 20,000 square feet of ground-floor retail space. Amenities for residents include a fitness center, clubroom, game room, pool, coworking spaces, and pet-care spaces. It has two courtyards and garage parking with electric-vehicle charging stations.
The promise of apartment residents helped attract new retailers to Suburban Square, including New Balance, Sugared + Bronzed, and the apparel brand Rhone on the ground floor of the apartment building.
The complex is one of a few projects planned in recent years that have added or will add hundreds of apartments near Lancaster Avenue in Ardmore. One Ardmore, a 110-unit apartment complex, opened in 2019 after a yearslong campaign by residents to stop it. The long-awaited Piazza development is expected to add 270 apartments and almost 30,000 square feet of retail space when it opens in a couple of years.
Conor Flynn, CEO of Kimco Realty, said in a statement that Suburban Square is an “iconic, walkable destination” and that the addition of apartments creates “a more vibrant, connected experience for residents, retailers, and visitors alike.”
“Coulter Place represents the next chapter in Suburban Square’s evolution and a clear example of how we’re unlocking long-term value through thoughtful mixed-use development,” Flynn said.
The apartments are across from Trader Joe’s and the Ardmore Farmers Market and within walking distance to the Ardmore station for SEPTA and Amtrak trains.
Apartments available for lease at Coulter Place range from one-bedroom, one-bathroom units for about $3,030 per month to a three-bedroom, two-bathroom unit for $7,035 per month.
Suburban Square was developed in 1928 and now has about 80 shops, restaurants, fitness spaces, and more. Businesses include Apple, SoulCycle, Warby Parker, Van Leeuwen Ice Cream, CAVA, and Di Bruno Bros.