BET Investments has submitted sketch plans to transform a decades-old office park in Plymouth Meeting into a vibrant mixed-use community, the company announced in a press release.
The Conshohocken Ridge Corporate Center would become Plymouth Crossing, a modern live-work-play destination featuring 200 apartments, 20,000 square feet of retail, and a full-service grocery store.
The existing site at 625 W. Ridge Pike currently suffers from a 55% vacancy rate. BET’s plan would demolish three one-story office buildings to make way for housing and shops, while retaining the four-story AECOM building and other structures housing tenants like BluePearl Pet Hospital and Wills Eye.
Plymouth Crossing is projected to generate nearly $620,000 in annual tax revenue for Plymouth Township and the Colonial School District. This is ten times what the property currently brings.
With a nod to local service workers, 10% of the apartments will be offered at a 15% discount to teachers, first responders, and public safety employees.
BET Investments has delivered similar mixed-use success stories in the region, including the Promenade at Upper Dublin.
To read more about the proposed property, visit Plymouth Crossing.
