Looking Back on 2022

On behalf of King of Prussia District’s Board and staff, we are pleased to present the 2023 Report to the Community.

2022 was a year of strong post-pandemic recovery for King of Prussia. Statistics show significant increases in daily trips by commuters and a dramatic uptick in total trips by residents, employees and visitors. Numerous large-scale development project approvals and construction starts advanced and a notable number of CRE transactions and leases confirmed continued investor and business confidence in the KOP community.

Employment trips increased to 67% of pre-pandemic levels, buoyed by an ever-increasing mix of business types that require work-from-work, such as manufacturing, retail, hospitality, life sciences, medical and warehousing. Total trips (resident/employee/visitor) returned to 90% of pre-pandemic levels, thanks to extremely strong brick-and-mortar retail sales, a continually expanding dining scene, and robust weekend sports, meeting and wedding traffic.

On the development side, large-scale projects continue to progress through various stages, including the recently completed Purolite manufacturing facility, Topgolf, a new 220K life-sciences building at 650 Park Avenue, Overlook at Town Center and Stonebrook at Upper Merion residential developments, repositioning of the old JCPenney and Lord & Taylor department stores at King of Prussia Mall, expansion of The Discovery Labs, and more.

King of Prussia District spent 2022 continuing to push physical improvement projects forward, including the recently completed First Avenue Linear Park Phase Two, the pedestrian connection between Renaissance Boulevard and Crooked Lane (Hughes Park Station), and new Renaissance gateway signs. On the marketing & communications front, we built upon our campaign to market KOP as a headquarters location and doubled down on our advertising campaign promoting the regional benefits of KOP Rail. We also managed an ever-growing list of exciting and wellattended events that attract a mix of consumers and employees, and continue to grow our web and social presence as we position King of Prussia as the premier location for work, life and fun!

We remain bullish on King of Prussia and confident that KOP will remain a community of choice for residents, companies, employees, investors and visitors for 2023 and the years ahead. As always, we are grateful for your partnership and welcome your questions, comments and suggestions. We look forward to continuing to work with you in 2023 and wish you much success and prosperity!

Lea Anne Welsh Chair, Board of Directors

Eric T. Goldstein President & CEO

By The Numbers

1,965 Acres Within the District Boundary