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After months of renovations, Philadelphia’s Cross Properties has transformed the former Palmer Theological Seminary in Wynnewood into the most fashionable new address on the Main Line. The Palmer is an ultra-modern apartment complex with all the amenities that come with city living.
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“The Main Line has been a desert of new development for the last 50 years,” says Cross Properties’ Kevin Michals. “The apartment stock doesn’t match the demographic pool. You have two-story garden-style apartments from the 1950s and 1970s that have zero amenities. They’re very large, but they haven’t been updated in decades.”
During the past five years, Michals has seen a distinct shift. More people are renting—and renting longer. And they’re looking for high-end perks. “Your lived-in space has gotten smaller, but your common areas have gotten larger and more flashy,” says Michals.
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At the Palmer, where rents start at $1,500 a month, residents live in a stunning 1919 structure designed by renowned Philadelphia architect Horace Trumbauer. Inside, the 110 units are one, two or three bedrooms. They offer hardwood floors, granite countertops, stainless-steel appliances and washer/dryers.
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The complex has a lounge, a demonstration kitchen, an outside exercise area for pets, and a 24-hour doorman. It also has a saltwater pool, an onsite nutritionist, a fitness room and a yoga studio.
Our consensus: It’s about time.
