ECONOMIC DEVELOPMENT

Since 2010, more than $4B was invested in economic development projects in King of Prussia. The incredible diversity of projects include office, medical, manufacturing, logistics, life sciences, pharma, retail, hospitality, dining, entertainment and residential. The pipeline remains remarkably strong in 2023. Here is a glimpse of just some of the more notable projects completed and in the planning stages.

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Projects 2023 and Beyond

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Boundaries

Children’s Hospital of Philadelphia (CHOP)

CHOP is now welcoming patients at its first inpatient hospital outside of Philadelphia. Located next to its existing King of Prussia Specialty Care & Surgery Center, the 250,000 SF, $298M inpatient hospital known as the Middleman Family Pavilion, includes a total of 108 single patient rooms, care for a broad range of pediatric specialties, a 24/7 20-bay emergency department specializing in pediatric care and an operating room suite. The hospital anticipates 500 new jobs by the third year of operation.

Valley Forge National Historical Park Visitor Center

Valley Forge National Historical Park officially reopened its Visitor Center following a $12M renovation, its first comprehensive overhaul since 1976. Features include new, immersive exhibits, a renovated theater, improved physical accessibility, upgraded security and fire protection, improved collections storage, an all-new HVAC system, windows, flooring, carpets, signage and a variety of energy efficiency improvements.

Upper Merion Area High School

Construction of the new Upper Merion Area High School began April 2020 and was completed and opened for the start of the 2022/2023 academic year. The $150M, 300,000 SF state-ofthe-art high school includes an indoor track, auditorium, fitness center and a pool. New turf fields are being installed on the site of the old high school and will be complete in July 2023.

Purolite Corporation

Purolite completed its $14M, 74,000 SF manufacturing facility at 3700 Horizon Blvd., just blocks from their global headquarters at 2201 Renaissance Blvd. This facility will increase the level of resin supply for the pharma industry and significantly shorten production lead times. Purolite invested $25M for fit out and installation of equipment and celebrated with a ribbon cutting in December 2022. Purolite reports annual sales of $400M, employs roughly 1,000 people in 30 countries.

1000 Continental

KBS, in partnership with CBRE and Avison Young, is investing in renovations at 1000 Continental. The teams recently enhanced the façade of the 205,424 SF building and its parking deck and garage. Interior enhancements planned include a renovation of the conference center to feature casual gathering spaces to accommodate anything from smaller board meetings up to larger training requirements; refreshing common area elevators, lobbies, and corridors; and completing a fitness center expansion and upgrade.

The Malvern School of Valley Forge

Construction is complete on the new two-story, 10,750 SF preschool and daycare serving children ages 6 weeks to 8 years.

The Village at Valley Forge Overlook at Town Center

Toll Brothers is constructing their third project in The Village at Valley Forge, a 142-unit townhome development in thirteen buildings located on seven acres facing Guthrie Road. The for-sale townhomes are priced from the upper $500,000s and feature modern open floor plans with optional basements and rooftop terraces.

Stonebrook at Upper Merion

Adding to their developments in KOP, Toll Brothers is building 65 singlefamily, detached houses and 206 attached townhouses on an 80-acre property known as the Glasgow Tract. The project includes significant improvements to the signalized Saulin Blvd. intersection as well as an extension of Prince Frederick Rd. The two-story open concept townhomes start in the mid-$500,000s, while the single-family homes start in the upper $700,000s.

650 Park

Brandywine Realty Trust received land use approvals for a new 220,000 SF Class A office building and 5-storyparking garage. The building was designed by Coscia Moos Architecture and will be constructed on 3.7 acres in the heart of Moore Park. The project will also seamlessly incorporate elements of the First Avenue Linear Park.

The Hudson

HBC Properties and Investments is redeveloping Lord & Taylor at King of Prussia Mall into a two-story, 120,354 SF project known as The Hudson. The interior of the building was demolished in 2022 and renovations call for the addition of energy-efficient windows and two semi-depressed truck wells. There is considerable interest in the marketplace for medical offices at The Hudson. In January 2023, HBC announced their first tenant, New York-based Convene, which operates coworking spaces. Convene will occupy approximately 30,000 SF.

Former JCPenney

Simon Property Group, Inc. is pursuing plans to redevelop the vacant JCPenney and surrounding surface parking lots. While no lease is fully executed, Simon is working with a major international online merchandiser on plans to fully renovate the old department store and add publicly-accessible amenity spaces including a possible rooftop bar/restaurant.

The Mancill Mill Road Company received approval for 119 townhomes on a 15-acre site off W. Valley Forge Rd.

Topgolf

Construction is underway for Topgolf at 588 N. Gulph Rd., the former headquarters of the American Baptist Church. The 68,000 SF Topgolf will feature state-of-the-art golf entertainment for all ages along with a restaurant and numerous bars. Following a 12 month construction schedule, Topgolf will open in summer 2023.

The Discovery Labs is now marketing a new commercial lab building that will add 163,800 SF of life science space to Renaissance Park. This four-story building will feature state-of-the-art lab space with 20’ slab-to-slab height, 150 psf floor load and advanced mechanical systems to meet the demanding standards of premier life science tenants.

Park King of Prussia PennDOT

The Pennsylvania Department of Transportation (PennDOT) broke ground in October 2020 on a new, $59M District 6 Regional Traffic Management Center (RTMC) and parking structure. The new RTMC will expand existing capabilities by providing a larger, modern facility to actively manage PennDOT’s expanding Intelligent Transportation Systems. The two-story, 43,000 SF facility will connect to PennDOT’s current office at 7000 Geerdes Blvd., and is scheduled to open in February/March 2023.

MLP Ventures Multifamily Development

MLP has land use approvals for the first multifamily development in the bustling Renaissance Park. The community at 2901 Renaissance Blvd., which is directly adjacent to the SEPTA’s Hughes Park station, will feature 300 units and resort-style amenities including a premier fitness center, indoor and outdoor lounge areas and a demonstration kitchen.

hotel. The newer section of the Best Western, built around 2011, will be a separate hotel called The Prussia Inn. The development will also feature ground floor retail with a restaurant. The project is expected to break ground in spring 2023 with a 2024 completion date.