Waterloo Gardens Property Is Sold

Almost a year after Waterloo Gardens on Lancaster Avenue in Devon closed its doors, news comes that someone new has bought the property.

“There is an agreement of sale,” Marc Heppe told Patch. Heppe is vice chair of the Easttown Board of Supervisors and also vice chair of the Berwyn Devon Business Association.

Developer Eli Kahn bought the 6-acre property for a reported $7 million, according to the Philadelphia Business Journal.

Kahn, is the developer behind the East King Street Revitalization project in Malvern, which is currently under construction.

“To my knowledge no plans have been submitted. There will be a lot of work including public meetings before the project can go forward,” Hepp said.

Waterloo Gardens, operated by the LeBoutillier family, served its customer at its Devon Devon location for more than 70 years. The upscale home and gardens store still operates its store in Exton.

Patch Local Editor Bob Byrne contributed to this report.