Equus Capital Partners and USAA Real Estate have closed on a joint venture and first round of financing, clearing the way for construction to begin on 400 West Elm in the Philadelphia suburb of Conshohocken, Pa. The 348-unit, class A apartment community is Conshohocken’s first ultra-luxury residential offering, with unparalleled views, high-end finishes, coveted location, and top-notch amenities. The project is slated for completion in fall 2023.
“Conshohocken is in the beginning stages of a virtuous cycle of growth. With nearly $1 billion of recent investment and development activity, this urban node will now boast the highest-end residential and commercial projects in the region. 400 West Elm capitalizes on this groundswell of activity and resets the standard for ultra-luxury living in the Greater Philadelphia Area,” said George Haines, senior vice president of acquisitions and development, Equus Capital Partners.
Spanning 10 acres, the 12-story luxury tower
