PLYMOUTH MEETING, PA — Keystone has finalized $42 million in financing from Arbor Realty Trust to fund Monarq, a 149-unit luxury apartment community at 500 West Germantown Pike. This project reflects Keystone’s commitment to office-to-residential redevelopments, following the success of prior conversions such as The Lyndon in Philadelphia.
Monarq transforms a 175,000-square-foot office building into wellness-focused apartments, delivering a blend of urban-style amenities and suburban convenience. The development emphasizes social connectivity and well-being, offering features like a fitness center, indoor pool, outdoor communal spaces, co-working lounges, and smart home technology. Select units will include private balconies, and the building’s reimagined exterior will enhance the overall arrival experience.
Located on the Plymouth Meeting Mall campus, Monarq benefits from proximity to Whole Foods, restaurants, retail outlets, and entertainment, as well as easy access to major highways I-476 and I-276. The campus itself is evolving into a mixed-use town center with additional residential projects planned, further elevating the area’s appeal.
This new project continues Keystone’s tradition of revitalizing underutilized office spaces into high-demand residential communities. The company’s portfolio includes The Lyndon’s 86-unit development in Philadelphia, currently fully leased, as well as other projects like 400 Market in Philadelphia and HYVE in Miami.
The first phase of Monarq is slated for delivery in early 2026, with leasing details to follow. This venture reinforces Keystone’s role as a leader in urban-inspired, wellness-centric residential developments.
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