Legend Properties

Join us this weekend, September 16 & 17 for the Coatesville Grand Prix, then race on over to the Iron Eagle On Lincoln for Lunch, cocktails and dinner. We have a special lunch menu for the event and, as always, an exceptional dinner menu and Sunday brunch.

We will be looking for you in the Winner's Circle!

The Iron Eagle is a proud sponsor of the Grand Prix.

Come join us for this year's Grand Prix, September 16th & 17th.

SIGNED, SEALED, DELIVERED

DEPG Development Sells Coatesville Bank Building to New Heritage Properties
Plans underway for new upscale restaurant

Coatesville, PA – February 2, 2023 – The sale of the historic National Bank of Coatesville Building at 112 E. Lincoln Highway was finalized on Tuesday, February 2, and will enable immediate property renovation and development of a new restaurant. Michael DePetris, Principal at Legend Properties, represented DEPG Development and brokered the sale to New Heritage Properties.

Built in the early 1900s, the historic 5400 sq. ft. building was most recently part of the mixed-use Coatesville Gateway Development Project, situated at the intersection of First Avenue and East Lincoln Highway and owned by DEPG Development.

DePetris, who sought a developer and tenant for the property with strong ties to the community, connected Crosby Wood, Principal of New Heritage Properties, with local successful restaurant proprietor Phil Ferro, then brokered the sale.

“As the plan gained traction, we were confident that the sale of this portion of the Coatesville Gateway Project would benefit the City and ignite renewed development interest in Coatesville’s Gateway,” said Jim DePetris, Managing Partner, DEPG Development. “Our team is excited to see the momentum occurring in the downtown region, and we are committed to maintaining an active role in the revitalization of Coatesville.”

“New Heritage shares DEPG’s vision of transforming properties into projects that will benefit the residents of Coatesville,” says Wood. “We appreciated working with their team and Phil Ferro to bring this deal to fruition, and we look forward to the next steps of the building’s renovation and transformation into an upscale restaurant.”

Plans are underway for the bank building to serve as the home of 30 Prime, a new steak and seafood restaurant that will be under the management of proprietor Phil Ferro. An experienced chef and entrepreneur, Ferro is also owner of the Chadds Ford Tavern and recently transformed the former Mr. E’s Tavern into the popular Kings Tavern in Coatesville.

“We appreciate the support we have received from the City, Chester County, and Coatesville City Council throughout the approval process, and financing assistance from the PA Department of Community and Economic Development,” says Jim DePetris. “DEPG remains committed to thoughtful and meaningful development that will support the City’s growth.”

DEPG continues to actively seek tenants for prime space available at the City’s Gateway, where they have completed all sitework and surfaced parking lots. DEPG is also nearing completion of another revitalization phase of Coatesville Gateway at the Cultural Society building, situated at the heart of Coatesville’s Historic District at 143 East Lincoln Highway.

Photo ID L to R (no credit necessary): Michael DePetris, Principal at Legend Properties; Jim DePetris, DEPG Development Managing Partner; Phil Ferro, Chef and Proprietor of forthcoming 30 Prime; Crosby Wood, Principal of New Heritage Properties on the steps of the historic bank building at 112 E. Lincoln Highway in Coatesville after settling the sale.

Media Contact: Ellen Langas, NouSoma Communications
610-658-5889, [email protected]

https://www.dailylocal.com/2023/02/02/historic-bank-building-in-coatesville-sold-plans-underway-for-upscale-restaurant/amp/

https://patch.com/pennsylvania/westchester/upscale-steak-seafood-restaurant-coming-coatesville

https://www.mychesco.com/a/news/business/real-estate/coatesville-historic-bank-building-sale-settles-new-restaurant-underway/

https://deleciousfood.com/coatesville-historic-bank-building-sold-plans-are-underway-for-a-fancy-restaurant-local-of-the-day/

To schedule a meeting please email [email protected]

Legend Properties not only sponsor our event, but they also generously donate their parking lot at the Gateway for our Friday Night Cruise-In and general admission parking on Saturday!

PROUDLY SUPPORTING!!!

Steve DePetris has an amazing endcap opportunity...

https://conta.cc/3IvE2A1

Endcap Retail Space up to 10,074sf for Lease | Pennsauken, New Jersey Grocery Anchored Shopping Center ‌ ‌ ‌

Steve DePetris has a New Opportunity...contact him directly at [email protected]

https://conta.cc/3tXsJue

New Turnkey Supermarket Opportunity | Now Leasing | Atco, New Jersey Additional Pad Site Available, call for details ‌ ‌ ‌

James M Smith has another listing...
https://conta.cc/3OxWLwr

Just Listed! 47+ Acres for Sale | Greene Township, Pike County, PA Site has both Commercial and Residential Opportunities ‌ ‌ ‌

Legend Properties is all set at ICSC Vegas 2022. We look forward to meeting with you.

Meet up with Legend Properties at ICSC 2022 - Las Vegas in the Central Hall Booth 3383.
To schedule an appointment with us, send an email to
Marketing Director | [email protected]
This year's Legend Team: James DePetris, David DePetris, Steven DePetris, Michael DePetris, James M Smith and Jamie DePetris.
We look forward to seeing you there.


ICSC

Available Now!
https://conta.cc/38GopHV

Restaurant / Night Club Opportunity | 11,000SF First Floor in Iconic Building | Scranton, PA Bank Towers Building has an Available Premium Space ‌ ‌ ‌

https://conta.cc/394bUpH

We'll be at ICSC Vegas 2022 in the Central Hall, Booth 3383.

Visit Legend Properties at ICSC Vegas May 22-24, 2022 We'll be in the Central Hall, Booth 3383 ‌ ‌ ‌

It was a great day for a ceremony. Development Associates and hosted this event, at the long awaited Smithfield Gateway project in Smithfield Township, PA, in preparation for the new 40,000sf St. Luke's University Health Network building.
On-hand with the golden shovels are (left to right):
Michael DePetris, Principal Legend Properties
David DePetris, Principal Legend Properties
Steven DePetris, Principal Legend Properties
Michael Ambrosi, Chief Operating Officer, ARCTRUST
Chuck Leonard, Executive Director, Pocono Mountains Economic Development Corporation
James DePetris, Managing Partner, DEPG Smithfield Master
Jacob Pride, Chairman, Smithfield Township Supervisors
Donald Seiple, President Monroe Campus, St Luke's University Health Network,
State Representative Rosemary Brown
Walter Rosiecki, Senior Vice President, People's Security Bank