Caption for Photo: Delaware County Council Vice Chairman Mario J. Civera, Jr. and Councilman David J. White were pleased to join Ridley Township commissioners, State Rep. Joe Hackett and representatives of MGM Ridley Parking, L.P at a groundbreaking ceremony for the new Ridley Square development that will transform vacant land into a retail outlet on Tuesday, Sept. 17. Ridley Square consists of five mixed-use lots along Route 291 between Sellers Avenue and Stewart Avenue in Ridley Township. The property will consist of a Wyndham Microtel Hotel, Royal Farms, Wendy’s and other businesses. Shown here, from left, is Councilman Dave White, Kim Rinnier, developer and owner of MGM Ridley Parking, L.P., and Council Vice Chairman Mario J. Civera, Jr.
(RIDLEY, PA – September 17, 2013) – MGM Ridley Parking, L.P. officially broke ground on Ridley Square, a new development in Ridley Park, Delaware County, PA. As the abandoned site of a former wastewater treatment facility, this site has been targeted by Ridley Township for economic and commercial development for more than two decades. Phase I of the project will exceed $20 million and generate approximately 239 construction jobs.
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Ridley Square will house five mixed-use lots along Route 291 between Sellers Avenue and Stewart Avenue in Ridley Park, PA. Tenants will include a 36,000 square foot, 78-room Microtel Inn & Suites by Wyndham, Royal Farms gas station and convenience store, Wendy’s restaurant as well as other development opportunities. Remington Group, Inc., a Project Management company based in Wayne, PA, is serving as MGM’s owner’s representative. Phase I site work is scheduled to be completed by May 1, 2014.
The Ridley Square development is a significant community revitalization project. At full build-out, it will generate approximately $8.3 million in new economic activity each year, 156 direct, full-time jobs in the commercial and lodging sectors and 77 indirect jobs in the surrounding areas. Together, these new jobs represent over $7.2 million in new, annual employee compensation in the region. As such, the project received a $2.5 Redevelopment Assistance Capital Program (RACP) grant and a $1.25 million Infrastructure Development Program (IDP) grant that will help fund the development.
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“This is a sign that the economy is rebounding,” says The Honorable Joe Hackett, PA 161st Legislative District. “We’re backing and looking forward to Phases 1, 2 and any other subsequent phases involved with Ridley Square.”
For more information contact:
Kate Milgrim
