Plans to revive downtown Ardmore’s shopping district are in jeopardy after developer Edward Lipkin dropped out of the $300 million project. Lipkin’s plans for Ardmore — developed in collaboration with the town — include a six-story office tower and boutique hotel overlooking the R5 tracks, 700 new residential units, a new train station and 44,000 square foot of retail that would include several new restaurants.
Lipkin says that he had to drop out due to worries over oral agreements he had with two major backers. Three other development firms that submitted proposals to redevelop Ardmore’s retail district are also interested.
