The developer of the Village at Valley Forge in King of Prussia is currently in talks with several potential medical tenants for a build-to-suit facility, writes Paul Schwedelson for the Philadelphia Business Journal.
The new facility would occupy the final undeveloped portion of the 132-acre project.
Philadelphia-based Realen Properties developed the master-planned community in a prime location between I-76, Route 202, and Route 422. The company has since sold off most of the $1.5 billion mixed-use project, leaving just one development site.
According to Allison Maloomian Spitzer, Realen’s director of research and new development, the remaining 3.1 acres are likely to be designated for healthcare use.
“I can’t speak specifically to the plans, but I think we will have another exciting component there,” she said.
The final parcel could accommodate roughly 400,000 square feet of development.
“While I am not at liberty to name names yet, I might predict the likelihood of another major medical use developed there,” said Spitzer.
The Village at Valley Forge is already home to the Children’s Hospital of Philadelphia and Main Line Health outposts.
Read more about Village at Valley Forge in the Philadelphia Business Journal.
