Federal Realty Investment Trust & CBG announce milestone of Bala Cynwyd on City Ave

Philadelphia, PA — Federal Realty Investment Trust, and CBG Building Company (CBG) announced the topping out of the second residential phase of Bala Cynwyd on City Avenue. This construction milestone signifies the completion of the structural framework for the mixed-use building, marking significant progress in the ongoing revitalization of the City Avenue corridor.

Located on City Avenue between Belmont Avenue and Conshohocken State Rd., the development comprises 217 residential units, a two-level structured parking garage and 16,000 s/f of retail on the former Lord & Taylor site. This phase, totaling up to $95M, represents a key component of Federal Realty’s comprehensive investment in the shopping center.

Architectural services for the project are provided by Core States Group in collaboration with Bohler for civil engineering design and permitting services. Studio39 served as the landscape architect, while MSA Interiors led project interior design efforts. CBG serves as the construction partner. Construction on this phase at Bala Cynwyd on City Avenue is expected to be complete by summer 2026.