The building continues at the Village at Valley Forge. To ensure enough housing is in place to support all of the shops and restaurants at the King of Prussia Town Center, another high-end development is on the way.

Toll Bros. Inc. is planning to construct a 60-unit condominium complex at the Village at Valley Forge, adding to a for-sale project the homebuilder is currently developing at that King of Prussia, Pa., mixed-use community, writes Natalie Kostelni for the Philadelphia Business Journal.

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The condominium building, which will cost between $30 million to $40 million to develop, will be constructed on about two acres Toll Brothers (NYSE: TOL) recently bought. The land is located roughly behind the Children’s Hospital of Philadelphia’s King of Prussia specialty care and surgery center. While the Horsham, Pa., homebuilder still needs to go through the approval process in Upper Merion, the residential project is a by-right use. The company expects to be under construction within the next four months.

Toll Brothers already has a residential project underway at the Village at Valley Forge called the Brownstones, which involves 132 stacked townhouses in 11 buildings. Sales have been brisk at the Brownstones and proven to the developer that there’s a market at the Village at Valley Forge for additional for-sale units, said Chuck Breder, division president at Toll Brothers. So far, 40 of the townhouses have sold and prices range between $400,000 and $500,000 depending on the unit size and location.

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