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Developer Lands Deal to Build Over 200 Homes in Coatesville

Nov 28, 2023 | Coatesville

Maryland developer Elm Street Communities has acquired a 119-acre property on Caln Road in Coatesville where it is starting site prep to build 175 townhomes and 87 single-family homes, writes Paul Schwedelson for the Philadelphia Business Journal

The company bought the property after the development was fully approved a month ago for $6 million. The development is being named The Hills at Thorndale Woods. 

Work on the site started in late October. Elm Street will construct the infrastructure for the property and sell individual lots to Ryan Homes, a Virginia-based national homebuilder. Forty-six acres will be preserved as open space. 

According to Elm Street Vice President Michael Charlton, the goal is for residents to start moving in as soon as early 2025. The full build is expected to take between three and four years. “There’s just not a lot of inventory on the market,” said Charlton. “And the bulk of what’s been hitting the market, even the new homes, has been much higher priced. So this will give a little more inventory out there for the starter home or first-time move-up type buyer.” The development aims to address the limited housing inventory and offer more options for affordable starter homes.

Read more about the homes in Coatesville, The Hills at Thorndale Woods development, in the Philadelphia Business Journal. Read the full unedited article by Leah Mikulich at vista.today.

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Posted by Monica Ferguson

Monica is a senior at West Chester University studying Digital Marketing. She is excited about moving to Chester County and eventually starting her career there after graduation.

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