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Plans for Madison Lot Approved in Lansdale

Lansdale Borough Council has approved land development plans for the seven-and-a-half acre Madison Parking Lot.   Developer Equus Capital Group is putting up two multi-story buildings with almost 250 high end apartments and about 20,000 square feet of retail space between them.   The buildings would be constructed one at a time to avoid saturating the market.   Equus is buying the Madison Lot from the Borough Parking Authority for a $1 and investing about $51,000,000 in the redevelopment of the property.

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