Economic Development
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Philly Power 100 List Features 9 Movers & Shakers With Ties to Montgomery County
City & State Pennsylvania has published its 2021 Philly Power 100 list, and 9 people with Montgomery County ties have made the cut. Coming in at Number 7 is Brian Roberts, Chair & CEO of Comcast. Roberts is a graduate of Montgomery County’s Germantown Academy in Fort Washington and has taken his knowledge and expertise to…
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MONTCO Today Hits 2.2 Million Pageviews in 2021
Montco Today has just hit 2,200,000 pageviews of the year! We would like to thank our loyal readers — many of whom begin their day by opening our e-mail, clicking on our stories, and sharing them on social media — for getting us to this milestone. Montco Today launched in 2016 and is entering its…
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King of Prussia’s Reliant Group Announces Acquisition of Collegeville Saladworks Franchise
Reliant Group of Companies, one of Pennsylvania’s leading ground-up and early-stage investment firms, has announced that it has signed an agreement with Saladworks, LLC, the nation’s leading fast-casual salad franchise, for a new location at the Providence Town Center in Collegeville, PA. Timothy Burns, President of the Reliant Group of Companies, stated, “We’re thrilled to partner with Saladworks to bring a vibrant new…
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Elmwood Park Zoo’s Al Zone is One of Most Admired CEOs of 2021
When he joined Elmwood Park Zoo in Norristown a decade ago, Executive Director and CEO Al Zone brought with him 20 years of hospitality industry experience that included owning and operating his own catering and events companies, writes Lisa Dukart for the Philadelphia Business Journal. Some of the programs he implemented over the years include…
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Riverfront at Royersford Wins $1M Grant From State Redevelopment Assistance Capital Program
Developer Riverfront at Royersford has won a $1 million grant from Pennsylvania’s Redevelopment Assistance Capital Program for the proposed mixed-use real estate development project that would bring residences, restaurants, entertainment spots, and much more to the Royersford Borough riverfront, writes Joe Zlomek for The Sanatoga Post. The money will be used to prepare the property…
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French Life Sciences Firm Plans to Build Regional Headquarters in Spring House Innovation Park
French life sciences firm Roquette is planning to build a $25 million regional headquarters in the Spring House Innovation Park in Lower Gwynedd, writes John George for the Philadelphia Business Journal. The 23,000-square-foot complex will include a research and development lab along with an innovation center. It is expected to open in the summer of…
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Three Months After Hurricane Ida, Bridgeport Still Working on Recovery
Three months after Hurricane Ida passed through Montgomery County, Bridgeport is still trying to recover from the devastation that the storm left in its wake, writes Robby Brod for WHYY. Out of the 500 people who were displaced from their homes, around 90 people are still living in hotel rooms. Some, like Elliott Palmer, did…
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PREIT, Owner of Willow Grove Mall and Plymouth Meeting Mall, Issues First-ever Sustainability Report
Pennsylvania Real Estate Investment Trust (PREIT), the owner of Plymouth Meeting Mall and the Willow Grove Mall, has issued its inaugural sustainability report. The report highlights PREIT’s efforts to position its properties as pillars of their communities by sustaining jobs, hosting events that bring community members together, reducing the environmental impact, and supporting organizations that…
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Select Properties to Build Mixed-Use Community on Site of Former Souderton Area High School
Colmar-based Select Properties is moving ahead with its planned mixed-use project that will be constructed on the site of the former Souderton Area High School, writes Natalie Kostelni for the Philadelphia Business Journal. The $40 million development, called Towne Gate Commons, is the second phase of a larger development in Souderton. The developer completed the…
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Bala Cynwyd Could Be Next Montco Town to Undergo Development Boom Like King of Prussia, Conshohocken
Bala Cynwyd is poised to undergo a major development boom over the coming years on a scale of those in King of Prussia and Conshohocken, writes Natalie Kostelni for the Philadelphia Business Journal. Tishman Speyer Properties is planning to proceed with its plans to develop 2.1 million square feet of new space. The proposal would…
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These Montgomery County Companies Showed the Most Growth in the Pandemic
There are 20 Philadelphia-area public companies that have seen their market capitalizations show pandemic growth since the pandemic started in March 2020, writes Ryan Mulligan for Philadelphia Business Journal. Of the 20 companies that had pandemic growth, two are solidly in Montgomery County while several are in nearby Chester County. AmerisourceBergen just relocated from Chesterbrook…
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Norristown’s Elmwood Park Zoo Receives Million-dollar Gift from Genuardi Family Foundation
Elmwood Park Zoo is excited about its recent $1 million gift from the Genuardi Family Foundation, which is in support of the zoo’s expansion across Stony Creek, writes Justin Heinze for the Patch. This million-dollar donation is one of the largest in the zoo’s 97-year history, and the gift will fund the construction of…
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Environmental Contamination Left Behind By Industries That Built Pottstown Creates Obstacles in Borough’s Redevelopment
The industries that built Pottstown, creating jobs and a tax base to support a healthy mid-century economy, have left behind an environmental contamination legacy that is complicating the borough’s redevelopment, writes Evan Brandt for The Mercury. The best example of this are the attempts to clean up Pottstown Plating. The chemicals left behind after the…
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Wegmans-anchored Providence Town Center in Collegeville Up for Sale
Providence Town Center, the open-air shopping center anchored by Wegmans in Collegeville, has hit the market, writes Natalie Kostelni for the Philadelphia Business Journal. The 760,000-square-foot property that is currently owned by Brandolini Company is expected to sell for upwards of an estimated $160 million. The retail center is positioned on 80 acres. The Wegmans…
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Two Renaissance Park Office Buildings in King of Prussia Sell to MLP Ventures for $41.8M
Two office buildings at Renaissance Park in King of Prussia have been acquired for 41.8 million by MLP Ventures, which already has several properties in this part of Upper Merion, writes Natalie Kostelni for the Philadelphia Business Journal. The company acquired a 133,880 square-foot building at 2201 Renaissance Boulevard in King of Prussia for $27.9…
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Montgomeryville’s Nappen & Associates Announces New Tenant, Unique Furniture
Montgomeryville-based industrial real estate developer and property manager, Nappen & Associates, is pleased to announce its newest tenant, Unique Furniture. The lease was executed thanks to the tireless efforts of Vice President of Leasing at Nappen & Associates, Tracy Flissar. The Danish-based furniture company, Unique Furniture, signed a lease with Nappen & Associates for a…
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Sweden-based Oatly Chooses Philadelphia Site Owned by Bryn Mawr Firm for Its North American R&D Labs
Oatly, an oat-milk producer based in Malmo, Sweden, is planning to open research-and-development labs for its North American operations at the Philadelphia site owned by investment firm Alliance HSP of Bryn Mawr, writes Jacob Adelman for The Philadelphia Inquirer. The company has leased 6,000 square feet at the Frankford Arsenal, the sprawling onetime munitions factory.…
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Developer Wants to Build Apartment Community Along Riverfront on Conshohocken, Whitemarsh Border
A developer is proposing a new 598-unit apartment community that would be constructed along the riverfront on the border between Whitemarsh Township and the Borough of Conshohocken, writes Kevin Tierney for More Than The Curve. The project proposed by KRE Acquisition would have four buildings on two adjacent properties, the majority of which are in…
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