Keystone Secures $42M for Monarq Apartment Project

Author

Slice of Real Estate Team
April 01, 2025

Key Highlights:

  • $42M financing secured from Arbor Realty Trust

  • 149-unit luxury community repurposes 175,000 sq. ft. office space

  • Focus on wellness, walkability, and smart design

  • Strategic location with access to retail, highways, and amenities

  • Part of broader transformation at Plymouth Meeting Mall campus

Source: Business Wire

Notable Quote:

❝

“Monarq is a game-changer for this market. With this financing, we’re one step closer to delivering a design-forward community that prioritizes well-being, social engagement, and convenience.”

Rich Gottlieb, President and COO at Keystone

Why This Matters:

Keystone’s Monarq project exemplifies a growing trend in adaptive reuse—transforming underutilized office spaces into vibrant residential communities. The $42 million financing underscores investor confidence in urban-suburban hybrid living models that emphasize wellness, smart amenities, and walkability. Located within the evolving Plymouth Meeting Mall campus, Monarq positions Keystone at the forefront of suburban revitalization and sustainable real estate development.