Morning Headlines: Mixed-Use Development Planned Near King of Prussia Mall
King of Prussia Malls’s planned addition isn’t the only thing coming to the area: the Inquirer’s Jason Laughlin reports that the former Valley Forge Golf Course, a 135-acre parcel of land near the mall, is set to get apartments, a hospital, and further shopping.
Laughlin says that the on-site Wegmans, which has been there for two years, will eventually be in the company of a “Children’s Hospital of Philadelphia facility, 249,985 additional square feet of retail, […] 365 residential units” and, one day, an extension of the Norristown High Speed Line. If you’re wondering why this development would warrant an elevated line extension, that’s because the community is expected to grow in coming years.
From the Inquirer:
The long-term future, officials hope, lies in a recently rezoned business park that will allow people to live near where they work, shop, and play – a development designed to feed young adults’ appetites for urban-style convenience, where cars aren’t necessary and home has a sense of community.
“I think that it is King of Prussia embracing its ultimate destiny as an edge city,” said Matt Popek, a member of the Upper Merion Township Planning Commission.
Officials, Laughlin writes, estimate that the projects will reel in $300 million in tax benefits and create 5,000 new jobs within the next two decades. Furthermore, 2017 could see an additional 600,000 square feet of new commercial space.
• King of Prussia poised for burst of development [Inquirer]
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