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District says Audubon Elementary sale to WB Homes remains on track; closing timeline could extend to June 2027
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Summary
Assistant Superintendent for operations reported that WB Homes is progressing through land development work for the Audubon Elementary site, has zoning approval to convert the original building into six residential units, and must meet conditions (subdivision approvals, permits, no appeals) before a deposit and eventual closing that could occur by June 2027.
At the April 28 Methacton School District board meeting, the assistant superintendent for operations updated the board on the sale of the Audubon Elementary School property to WB Homes.
The district reported WB Homes has sought and received zoning relief to convert the original portion of the former school building into six residential dwelling units and is conducting geotechnical work as part of the land development process with Lower Providence Township. The district provided WB Homes with available schematics and drawings of the original building to support the purchaser’s application.
The board was told a $125,000 deposit from WB Homes is due within five business days of the purchaser obtaining preliminary approval; staff said that step could occur at any time or the entire development phase could extend through June 2027. The eventual closing is required by the earlier of 60 days after satisfaction (or waiver) of the conditions precedent in the sale agreement or 18 months from the start of the inspection period, which began in early June 2026 and could make June 2027 the outer deadline.
District staff spelled out conditions precedent to closing: WB Homes must obtain final subdivision and land development approval with no successful appeals; it must secure capacity and permits for connection to public water and public sewer. The assistant superintendent said nothing material has impeded the process so far and that the district will provide updates as they become available.
Board members reacted positively to preserving the historic portion of the building through adaptive reuse. One board member said he was "very excited that WB Homes and the township is supporting the creation of apartments to that building," and the board thanked operations staff for the update.
District staff indicated they will continue to report milestones to the board as WB Homes proceeds through permitting and approvals.
