Hankin Group Salvages Idle Downingtown School Land

Friday, September 12th 2014

From ChescoBusinessToday.com

timthumbThe Hankin Group of Exton, developer of the Eagleview Community and the newly opened Hilton Garden Spot on Route 100 in Lionville, has stepped up to salvage a Downingtown Area School District investment that has sat idle for nearly a decade.

Though it will initially receive slightly more than half of the $22 million it paid for its 240-acre Siemens Medical Tract on Lionville Station Road in northern Uwchlan, the Downingtown district could recoup nearly the rest in proceeds from Chester County’s “gold standard” for real estate developers if The Hankin Group succeeds in constructing the residential development it hopes to put up, according to a Daily Local News reportof the proposed deal.

Read more at ChescoBusinessToday.com

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