Ground Lease Agreementapproved

Town of Lower Merion Awards Ground Lease Agreement Contract to Ardmore House Ii (July 2025)

Ardmore House II LP awarded a $1 annual ground lease for 45 years with renewal options to develop and manage senior affordable housing at 55 Ardmore Avenue.

Document date · July 9, 2025

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$1.00 per annum
Contract type
Ground Lease Agreement
Contract term
45 years initial term with two 10-year renewal options
Renewal date
NA
Renewal
Lease includes two 10-year automatic renewal options
Document type
Agenda
Source document
town-of-lower-merion-building-planning-committee-agenda_8e0.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the ground lease agreement contract by Town of Lower Merion?

Ardmore House Ii was awarded this ground lease agreement contract by Town of Lower Merion, as recorded on July 9, 2025. The contract value is $1.00 per annum.

How much is the Ardmore House Ii contract with Town of Lower Merion worth?

The Ardmore House Ii contract with Town of Lower Merion is valued at $1.00 per annum, covering ground lease agreement work.

What type of contract is this?

This is a Ground Lease Agreement contract, documented as a agenda record.

Where was this contract approved?

This contract appears in town-of-lower-merion-building-planning-committee-agenda_8e0.pdf (Agenda), dated July 9, 2025 from Town of Lower Merion. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ardmore House Ii hold?

Ardmore House Ii may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Town of Lower Merion currently buying?

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