Construction
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King of Prussia Town Center Not Part of JBG’s Proposed Merger
The new King of Prussia Town Center , a project of The JBG Companies, will not be part of JBG’s planned merger with New York REIT, writes Natalie Kostelni for the Philadelphia Business Journal. The retail complex JBG is constructing at the Village of Valley Forge in King of Prussia is one of close to three…
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King of Prussia Teeming with $1 Billion (Yes, Billion) Worth of Development in the Works
With a total of approximately one billion dollars being pumped into the development of King of Prussia, officials are hoping it becomes the suburban trifecta where people can live, work, and shop. Upper Merion is a rare suburb, the business hub of which employs 56,000 day workers, far more than the township’s 30,000 residents, writes…
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American Legion Post in Fort Washington to Undergo $4 Million in Renovations
American Legion Post #10, located on South Bethlehem Pike in Fort Washington, will undergo a $4 million renovation, courtesy of Delaware County-based Power Home Remodeling, writes Alison Burdo of the Philadelphia Business Journal. Power will fund and construct a residential property – including four townhomes and four two-bedroom apartments – a fitness center and a…
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Low Interest Rates, Rising Home Equity Enables Horsham’s Toll Brothers to Exceed Expert Projections
Toll Brothers, the luxury-home-building giant based in Horsham, reported second-quarter revenues that far exceeded forecasts, writes Joshua Jamerson of the Wall Street Journal. Low interest rates and rising home equity values were big factors in Toll Brothers’ success. “We continue to believe the drivers are in place to sustain the current housing market’s slow but…
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Norristown’s BartonPartners Rallies Support for Habitat for Humanity
Renowned Norristown design firm BartonPartners has once again taken up the mantle of encouraging local businesses to support Habitat for Humanity Montgomery County, writes Gary Puleo for the Times Herald. Due to the low-income housing crisis, more than 6,000 Montgomery County residents are currently living in sub-standard housing. This is why the organization has been fundraising…
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Arbitrator Rules Against Lower Merion Township in $900K Library Project Dispute
Lower Merion Township will have to pay out an additional $900,000 for the Ludington Library project after an arbitrator recently ruled against it in a long-running dispute with contractors. The library has been re-opened for nearly four years now, writes Richard Ilgenfritz of Mainline Media News. The final tally of the renovation costs is now…
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Job Growth Rising to Record Levels in Montgomery County
The 2008-2009 recession left its mark on Montgomery County, but thanks to new jobs created in construction, health care, and professional services, the area is about to see its best employment growth in years, writes Harold Brubaker for the philly.com. The predicted gains in employment should push job growth up to two percent this year,…
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Kids Try Their Hand at Pottstown’s Traffic, Planning, & Design Work
Young minds put their engineering pedigrees to the test last week by learning first-hand about the importance of engineering and STEM education. Nineteen children of Traffic Planning & Design (TPD) parents went to work in Pottstown on April 28 as part of National Take Our Daughters and Sons to Work Day. The TPD experience built…
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Construction Finally Underway for Wynnewood Apartment Complex
The Wynnewood Civic Association recently held a meeting to hear developer Charles Houder talk about plans for the 250-unit luxury apartment complex called the Reserve at Maybrook, writes Cheryl Allison of the Main Line Media News. According to Allison, Houder’s Haverford Properties, in partnership with Virginia-based Jefferson Apartment Group, has purchased about two-thirds of the…
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Officials Aim to Keep KOP Suburban, Yet More Dynamic and Stimulating
Eric Goldstein, executive director of the King of Prussia District, envisions a future King of Prussia that maintains its suburban roots while giving itself injections of urbanity in order to attract a new generation of businesses and workers, writes Sandy Smith of Philadelphia Magazine. “The business improvement district was founded in 2010, and it’s always…
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Horsham’s Toll Brothers Creates $400 Million Venture to Provide Capital to Builders
Toll Brothers, the Horsham-based builder of luxury homes, has created a $400 million venture with an unnamed institutional investor to provide builders and developers with land banking and joint venture capital, writes Jeff Blumenthal of the Philadelphia Business Journal. The company said in a statement that the partnership will be managed by Toll subsidiary Gibraltar…
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KOP Mall Connector Almost Complete
Two are about to become one. A $150 million project that connects both ends of the King of Prussia Mall is expected to be completed in about four months, writes Natalie Kostelni of the Philadelphia Business Journal. According to Kostelni, many of the tenants who signed leases on the new space created by the 1,300-foot…
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