Villanova University plans to build a new boathouse along the Schuylkill River after acquiring a 9.8-acre parcel of land that had been proposed for a 270-unit apartment project.

The school closed on its $11.5 million acquisition of the land at 601 Washington St. in Conshohocken last month, according to property records. Villanova said the “best-in-class” boathouse facility would be used by the Division I women’s rowing team and the men’s club rowing team. The school’s rowing teams had been using a warehouse on the lot.

No timeline or design for the project has been finalized.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia land sites for sale or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our website, www.wolfcre.com for a full listing of Philadelphia land sites for sale.