Under the terms of the settlement agreement, says, Dranoff must provide a $55,000 trust to help the business owners offset costs and/or losses during the construction of One Ardmore Place, and an additional $40,000 to cover the plaintiffs’ legal fees.ĭranoff said in a statement to Philly Mag that he is “very grateful to the local community for its continued support, as well as the Lower Merion Township Board of Commissioners for its decision to authorize the execution of the proposed settlement agreement.” Dranoff continued: However, in April, the business owners appealed to again block the development, Main Line Media News reported.
In March, a Lower Merion Township common pleas judge blocked the lawsuit, and site preparation for the 24-month construction was to begin in the spring. Before that approval, 90-some people showed up to protest the development.
Dranoff’s 8-story mixed-use project had originally been approved by the Lower Merion Township Building and Planning Committee in November 2014 after nearly a decade of controversy since the One Ardmore Place development was originally proposed.
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