Accelerating Growth: 2022 Report to the Community

Accelerating

GROWTH 2022 REPORT TO THE COMMUNITY

Looking Back on 2021 On behalf of King of Prussia District’s Board and staff, we’re pleased to present you with the 2022 Report to the Community. While last year was not normal by any means, we are once again reminded of the resilience and ingenuity of this community as we navigate this unprecedented time together.

Despite the ongoing global pandemic, both King of Prussia and King of Prussia District fared extremely well in 2021. This performance is likely tied to three primary factors: Diversification of Industry Types: A rapid diversification of industries over the past ten years helped stave off steep declines in commercial occupancy throughout the township. Specifically, substantial growth in medical, life sciences, warehousing, manufacturing and technology firms brought a rapid rise in industries where remote work was much less likely than the traditional office sector.

Housing Boom: Development of nearly 4,000 residential units during the past seven years, combined with a “work-from-home” environment, helped sustain restaurants and retailers. In fact, Forbes Magazine just recognized King of Prussia as the 5th fastest growing residential location in Pennsylvania.

Delay in Leasing Renewals/Modifications: Companies remain current on their lease payments, despite a reduction in the number of employees working in the office. We have not yet experienced the full effects of what may happen regarding commercial office leasing decisions, and that helped maintain a relatively low vacancy rate during the past year.

The development pipeline also remains strong with numerous projects in construction or late stages of the approvals process, including Topgolf and several large residential developments. The recent opening of the $298M Middleman Family Pavilion at Children's Hospital of Philadelphia's KOP campus was a particularly bright spot during the past year.

Our organization made great progress in 2021, completing Phase One of the Linear Park on First Avenue and accepted bids for Phase Two. We completely redesigned VisitKOP.com, bringing the same vibrancy and excitement of this continually evolving community into the site. We continued our advocacy efforts for King of Prussia Rail, a project that saw incredible forward momentum in 2021. Finally, we were all thrilled for the return of some of our in-person events, including a record-breaking KOP Beerfest Royale in October and our long-delayed 10th Anniversary Gala & Awards in December.

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 2022 and wish you much success and prosperity!

Carol McCoy

Chair, Board of Directors

Eric T. Goldstein President & CEO

O P E N I N G L E T T E R 1

KING OF PRUSSIA, PA

King of Prussia King of Prussia District is a private, not-for-profit, 501(c)3 business improvement district that serves as a catalyst for economic development and job growth. King of Prussia District elevates property values in Upper Merion Township through its focused and strategic programs and services.

Established in 2010 by Upper Merion Township (UMT) Ordinance, King of Prussia District partners with UMT and 437 commercial, industrial and multifamily residential properties within the established 1,935 acre boundary that defines the District. King of Prussia District develops and executes strategies that instill resident, corporate and investor confidence. The organization’s programs and services, and its impact on economic development, help drive revenue for UMT, Upper Merion Area School District, Montgomery County, Montgomery County Community College and the Commonwealth of Pennsylvania.

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King of Prussia District

By The Numbers

1,935 Acres

437 Properties

$2.28B Total Assessed Property Value

4,021 Companies

- census.gov 2012

63,578 Employees

- OnTheMap 2019

A C C E L E R A T I N G G R O W T H 3

Mission & Programs King of Prussia District engages public and private partners to collaboratively improve the economic environment in King of Prussia by making it more vibrant, attractive and prosperous.

Physical Improvements From public parks and bike lanes, to signage and landscaped medians along some of King of Prussia’s most visible and highly-traveled corridors, King of Prussia District manages design, construction and maintenance of projects that enhance KOP’s aesthetic.

Land Use & Zoning King of Prussia District works closely with the Township and County to develop strategies for a comprehensive and cohesive forward-thinking vision for KOP’s future.

Tax Policy King of Prussia District continually monitors existing business taxes in the region’s largest commercial centers to ensure that UMT remains competitive and attractive to companies, employees and residents.

Transportation King of Prussia District is dedicated to making life flow in KOP, effecting game-changing transportation solutions that enhance vehicular, pedestrian, bicycle and public transportation access.

Marketing & Communications Committed to keeping KOP in the spotlight and building on its reputation as one of America’s great edge cities, King of Prussia District executes robust marketing and advertising campaigns and produces award-winning events throughout the year.

Funding King of Prussia District programs are funded through a special assessment fee made possible by commercial, industrial and multifamily residential properties within its boundary. The assessment fee is 0.00089 MILS, or 3.19% of the total real estate tax bill for property owners. The millage rate has remained the same since the District was founded in 2010. King of Prussia District’s $7.15M budget was paid for by private contributions, management fees, grants and sponsorships.

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In 2021, King of Prussia District assessed property owners contributed significant real estate tax revenue to the local economy: $888K to Montgomery County Community College $6.4M to Upper Merion Township $8.9M to Montgomery County $47.3M to Upper Merion Area School District – Montgomery County Information & Technologies Solutions 2022

$7.15M King of Prussia District's 2021 budget, paid for by private contributions, management fees, grants and sponsorships.

KOP IN THE NEWS KOP Development Boom: Upper Merion logged more than $4 billion in new projects over the last decade, transforming the suburban community

CONTENTS 4

King of Prussia District

8

Economic Development

16 Commercial Real Estate & Employment 24 Hospitality & Attractions 30 Retail & Dining 34 Healthcare & Life Sciences

“In all, about $1.3 billion of projects are currently underway and contributing to the more than $4 billion in

38 Physical Improvements

development that has transformed

44 Transportation

Upper Merion — particularly King

46 King of Prussia Rail

of Prussia — over the last decade, solidified it as the center of

48 Land Use & Zoning

Philadelphia’s western suburbs, and

50 Community & Housing

positioned it to rival the city for

56 Education

employers and residents.”

60 Community Events

– Philadelphia Business Journal

66 Revenue & Functional Expense Summary

Greenphire doubles King of Prussia headquarters, plans to add hundreds of employees “The company has found maintaining its base in King of Prussia enables it to draw employees from a wide radius and provides them with convenient access to major

King of Prussia office building off Gulph Road trades for $25.8M of Philadelphia's hottest submarkets," Motley said.

“In that time, King of Prussia has increasingly become a hotbed of development and real estate investment.”

other amenities.”

– Philadelphia Business Journal

– Philadelphia Business Journal

– Philadelphia Business Journal

68 Event Sponsors

“King of Prussia is one

highways, restaurants and

Retail king stays on top: King of Prussia Mall exceeds pre-pandemic sales, even as other malls falter

67 Board of Directors & Staff

SEPTA’s King of Prussia rail proposal gains entry into federal funding program – Philadelphia Business Journal

Let's

SOCIAL STATS KOP BEERFEST

2,837 Likes

55

Blog posts published in 2021

KING OF PRUSSIA DISTRICT

13,429 Likes KOP RESTAURANT WEEK

1,150 Likes KOP RAIL COALITION

604 Likes KOP BEERFEST

715 Followers KING OF PRUSSIA DISTRICT

7,279 Followers KOP RAIL COALITION

285 Followers

KING OF PRUSSIA DISTRICT

1,145 Followers

Advertising Highlights Let’s Go, KOP Launched in summer 2020 as part of recovery efforts, Let’s Go, KOP continued into 2021 with placements on bus shelters, digital billboards and social media. The goal of the campaign, which ended fall 2021, was to encourage visitors from key demographics to return to KOP to safely shop, play and stay.

KING OF PRUSSIA DISTRICT

3,104 Followers

WEB STATS VISIT KOP

84,847 Visitors KOP RESTAURANT WEEK

99,396 Visitors KOP RAIL COALITION

3,304 Visitors KOP BEERFEST ROYALE

42,837 Visitors January 1 – December 31, 2021

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Make the Move After a pause for the pandemic, the Make the Move advertising campaign, which targeted C-Suite executives and promoted the many benefits of owning and operating a business in King of Prussia, resumed fall 2021 and concluded at the end of the year. The campaign included placements on buses, LinkedIn and sponsored dedicated emails.

EVENT SPOTLIGHT King of Prussia District’s 10th Anniversary Gala & Awards

10

On December 16, 2021, after two years of rescheduling due to the pandemic, we were finally able to welcome our sponsors, partners and friends to celebrate a decade of working together to transform KOP. Following a cocktail hour complete with a champagne ice sculpture to toast the occasion, King of Prussia District President & CEO Eric Goldstein shared a walk down memory lane during a seated dinner. The presentation highlighted a decade of organizational accomplishments as well as KOP’s impressive growth. The evening concluded with an awards presentation, honoring a few of the companies and advocates that played an important role in KOP’s transformation over the years.

Award Recipients: Economic Development: Realen Properties Commercial Office: Brandywine Realty Trust Leadership: Upper Merion Township Board of Supervisors & Upper Merion Area School District Transportation: PennDOT District 6-0 Hospitality: Valley Forge Tourism & Convention Board Residential Development: 251 Dekalb & The Hanover Company Retail & Dining: Simon Property Group Friends of King of Prussia District: Conlin’s Print, PA State Representative Tim Briggs & All Seasons Landscaping King of Prussia Rail Advocate Award: Montgomery County Commissioner Dr. Valerie Arkoosh Founders Awards: Ronald Wagenmann, Richard Kubach, Arthur Powell (posthumously), Clint Cochran, Skip Kunda & Scott Sibley Pinnacle Award: Brian McElwee See the Community Events section for additional events produced by King of Prussia District.

Economic Development Since 2010, nearly $4B was invested in a wide range of projects in King of Prussia. Despite a pandemic, KOP's impressive transformation shows no sign of slowing down.

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C H I L D R E N ’ S H O S P I TA L O F P H I L A D E L P H I A

A C C E L E R A T I N G G R O W T H 9

ECONOMIC DEVELOPMENT Now Complete 1.

Children’s Hospital of Philadelphia

2.

Element Valley Forge

3.

Target Distribution Center

4.

The George Apartments

5.

Valley Forge National Historical Park Visitor Center

21 12 6

5

Projects 2022 and Beyond

422 Moore Park

6. Amazon Distribution Center 7. King of Prussia Mall 8. York Factory

11

13

276

9. Overlook at Town Center 10. Stonebrook at Upper Merion

18

11. 650 Park

4

12. King of Prussia PennDOT 13. Topgolf 14. Upper Merion Area High School 15. Purolite Corporation 16. Dekalb Plaza Shopping Center 17. Steelyard Sports 18. Sheraton Valley Forge Hotel 19. MLP Ventures Multifamily Development 20. Innovation 800 21. The Malvern School of Valley Forge 22. Mavis Tire Center 23. 201 S. Gulph Rd.

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2 7 9

1

The Village at Valley Forge

202

Boundaries King of Prussia District Renaissance Park Moore Park The Village at Valley Forge

202

276

14 10

16 22

20 3

8 15

Renaissance Park 19

23

76

17

COMPLETED ECONOMIC DEVELOPMENT PROJECTS

The Village at Valley Forge

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 will create an additional 500 new jobs by the third year of operation.

480 N. Gulph Rd.

900 River Rd.

The Village at Valley Forge

Element Valley Forge

Target Distribution Center

The George Apartments

Adjacent to their other KOP hotel, Sheraton Valley Forge, Wurzak Hotel Group opened the Element Valley Forge in June 2021. The 120-room eco-friendly hotel offers suites with kitchenettes designed for extended stay or short term stay options, as well as an all-natural indoor saline pool and 24-hour fitness room.

Construction is now complete on a 331,428 SF distribution center, developed by Novaya Foxfield Industrial on the 29-acre property which was formerly home to the Johnson Matthey Inc. chemical plant. The building is leased to Target Corp., which will utilize it to distribute to stores as well as e-commerce distribution directly to customers.

Chicago-based UDR Inc.’s $68M, 200unit multifamily development is now welcoming residents. KOP’s newest apartment community features studio, one and two-bedroom units with smart home technology and modern finishes.

The community also features 7,000 SF of indoor amenity space and a 25,000+ SF outdoor courtyard.

1400 N. Outer Line Dr.

Valley Forge National Historical Park Visitor Center In June 2021, Valley Forge National Historical Park began a phased reopening of its Visitor Center following a $12M renovation, its first comprehensive overhaul since 1976. Features include 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.

The next phase, projected for spring 2022, will include new exhibits.

The renovated theatre is expected to open summer 2022.

– NPS Photo

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FUTURE ECONOMIC DEVELOPMENT PROJECTS

Moore Park

180 N. Gulph Rd.

Amazon Distribution Center

York Factory

In June 2021, Amazon purchased the two-story, 230,000 SF former offices of BNY Mellon at 760 Moore Rd. for $26.5M, a regional first for the company that typically leases in the Philadelphia area.

Hudson’s Bay Co. is redeveloping the Lord & Taylor at King of Prussia Mall into a two-story, 119,345 SF office space known as York Factory. Plans include the addition of windows and skylights, a spacious interior atrium and a rooftop lounge. Amenities will include a gym and yoga studio, concierge services, weekly events and the potential to include full-time licensed child care programs.

160 N. Gulph Rd.

King of Prussia Mall Simon Property Group, Inc. is pursuing plans to redevelop the vacant JCPenney and surrounding surface parking lots. While no approvals have been obtained to date, Simon, like many other mall owners around the country, is studying the concept of adding other uses that include hotel, office, entertainment and residential.

The Village at Valley Forge

Overlook at Town Center Toll Brothers is under construction on their third project in The Village at Valley Forge, a 142-unit townhome development located on seven acres along Guthrie Road. The for-sale homes are priced from the low $500,000s and feature modern open floor plans with optional basements and rooftop terraces.

Saulin Blvd. & Dekalb Pk.

Stonebrook at Upper Merion Toll Brothers is building 65 single-family, detached houses and 206 attached townhouses on 80-acres formerly known as the Glasgow Tract. The project includes significant improvements to the signalized Saulin Blvd. intersection as well as an extension of Price Frederick Rd. The two-story open concept townhomes start at $576,995.

Moore Park

650 Park Brandywine Realty Trust is seeking tenants for a new fourstory 100,000 SF Class A office building designed by Coscia Moos Architecture on 3.7 acres in the heart of Moore Park. The building will include open-air amenity spaces, innovative work environments and a fourth-floor terrace designed for classes, lunch meetings and evening gatherings. The project will also seamlessly incorporate designs for the First Avenue Linear Park.

A C C E L E R A T I N G G R O W T H 13

FUTURE ECONOMIC DEVELOPMENT PROJECTS

Renaissance Park

Renaissance Park

Purolite Corporation

MLP Ventures Multifamily Development

Purolite is building a $14M, 74,000 SF manufacturing facility at 3700 Horizon Blvd., just blocks from their global headquarters. Purolite plans to invest $25M for fit out and equipment. The project is slated for completion summer 2022. Purolite, which reports annual sales around $400M and employs roughly 1,000 people in 30 countries, was acquired in 2021 by Ecolab Inc. for $3.4B.

Construction will begin in April 2022 on the first multifamily housing development in the bustling Renaissance Park. MLP Ventures’ community at 2901 Renaissance Blvd. will feature 292 studio, one and twobedroom units as well as eight two-story townhouses.

The community, which is adjacent to SEPTA’s Hughes Park station, will feature a premier fitness center, indoor and outdoor lounge areas and a demonstration kitchen.

Construction is expected to take 22 months.

Moore Park

440 Crossfield Rd.

King of Prussia PennDOT

Upper Merion Area High School

The Pennsylvania Department of Transportation (PennDOT) broke ground in October 2020 on a new, $59M District 6 Regional Traffic Management Center and parking structure. The two-story, 43,000 SF facility will connect to PennDOT’s current Engineering District 6-0 Office at 7000 Geerdes Blvd., and is on schedule for a late 2022/early 2023 completion. The new parking structure opened in July 2021.

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Construction of the new Upper Merion Area High School began April 2020 on the high school’s current property. The 300,000 SF high school is expected to open September 2022, and will include an indoor track, auditorium, fitness center and a greenhouse. Following the opening, the existing high school will be demolished and converted into athletic fields.

201 S. Gulph Rd. Industrials Investments received final approvals to construct a 144,040 SF best-in-class last mile delivery project. The new project benefits from excellent visibility from Route 76 and easy access to 76, 276, 202 and 422.

330 W. Dekalb Pk.

480 N. Gulph Rd.

Dekalb Plaza Shopping Center

Sheraton Valley Forge Hotel

Kravco is in the early stages of the approvals process for two pad site retail locations in the parking lot of the Dekalb Plaza Shopping Center.

Wurzak Hotel Group’s Sheraton Valley Forge Hotel completed renovation of its 180 hotel rooms, with the restaurant, lobby and bar to undergo an overhaul later in 2022.

Moore Park

Topgolf Land development and site preparation is underway for a new Topgolf facility at 588 N. Gulph Rd., the former headquarters for the American Baptist Church. The 68,000 SF Topgolf will feature state-ofthe-art golf entertainment for all ages along with a restaurant and numerous bars. Following a 12-month build, Topgolf expects to open in spring 2023.

Renaissance Park

800 Mancill Mill Rd.

243 S. Henderson Rd.

Innovation 800

The Malvern School of Valley Forge

Mavis Tire Center

Significant renovations are underway at 800 River Rd., the former printing plant of The Philadelphia Inquirer.

MLP Ventures purchased the 674,000 SF building on more than 45 acres in February 2021 for $37M.

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

This new 6,730 SF building will feature an eight-bay tire and vehicle repair store and is estimated to open late July 2022.

A C C E L E R A T I N G G R O W T H 15

Commercial Real Estate & Employment

MOORE PARK Formerly known as the King of Prussia Business Park, Moore Park is a progressive, thriving community where commercial, residential, retail, dining and industrial spaces work together to grow business, enhance lifestyle and seize opportunity. Located in the heart of KOP at the confluence of Routes 276, 76, 23 and 422, Moore Park is home to approximately 20,000 employees, 100,000 SF of corporate meeting and event space, five hotels, 561 units of recently completed luxury housing, the Valley Forge Casino Resort, 3.6M+ SF of commercial and industrial space, and a number of notable companies including GeoBlue, Radial, Arkema, CSL Behring, First Quality Enterprises and more. Moore Park is an economic powerhouse in the suburban Philadelphia region.

KOP District Initiative

MOORE PARK HIGHLIGHTS: • Rezoned as a mixed-use district in 2014 (KPMU) • Installed the First Avenue Linear Park Demonstration Project in 2017 • Rebranded as Moore Park in 2018 • First Avenue Road Diet complete in 2019 • Seven landscape projects completed between 2014-2019 • Phase One of the First Avenue Linear Park complete in 2021 • Moore Road Multimodal Trail Study is underway • Construction of Phase Two of the First Avenue Linear Park slated for spring/summer 2022

20,000 Employees

3.6M+ Commercial & Industrial Space

M O O R E PA R K

A C C E L E R A T I N G G R O W T H 17

RENAISSANCE PARK Renaissance Park (Renaissance) is a 333 acre business park located on the east side of Upper Merion Township.

Renaissance was constructed in the 1980s and 90s and includes nearly 2M SF of lab, manufacturing, office and industrial space. Renaissance Park's commercial and industrial buildings are home to a number of prominent tenants including Jefferson Health, Children’s Hospital of Philadelphia, Tosoh Biosciences, AmerisourceBergen/World Courier, Proteovant, Center for Breakthrough Medicines, Vertex, Purolite and Recovery Centers of America.

KOP District Initiative

RENAISSANCE PARK HIGHLIGHTS: • In 2020, Upper Merion Township voted to expand King of Prussia District’s boundaries to include Renaissance Park • Renaissance Park Stakeholder Engagement Study complete in 2020 • Fall 2021, 2,200 linear feet of landscaped medians were installed along Renaissance Blvd.

• Improved gateway and wayfinding signage planned for 2022

Employment in King of Prussia

63,578 60,586 EMPLOYEES

WORKERS COMMUTE INTO UPPER MERION

53,037 EMPLOYEES

13,982

2 019 _

2 010

RESIDENTS COMMUTE TO JOBS OUTSIDE UPPER MERION

20%

2,992

INCREASE SINCE 2010

RESIDENTS LIVE AND WORK IN UPPER MERION – US Census Bureau, Center for Economic Studies, LEHD

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Commercial Property SF

6,211,587 RETAIL

8,381,614 OFFICE

6,551,255 INDUSTRIAL

4,164,472 FLEX

831,667 HEALTHCARE

– CoStar 2022

26,140,595 SF TOTAL COMMERCIAL PROPERTY - CoStar 2022

644 COMMERCIAL PROPERTIES - CoStar 2022

7.5% AGGREGATE COMMERCIAL PROPERTY VACANCY

$35.12 NNN AGGREGATE COMMERCIAL LEASE PRICE/SF

MASCHELLMAC

COMMERCIAL OFFICE STATISTICS CLASS A

CLASS B

CLASS C

4,533,386 SF

2,176,646 SF

282,628 SF

49

56

13

Properties

Properties

Properties

17.2%

9.2%

9.6%

Vacancy

Vacancy

Vacancy

2020: 15.2%

2020: 11.3%

2020: 19.5%

$39.90

$21.76

$24.14

Price/SF

Price/SF

Price/SF

2020: $39.90

2020: $22.82

2020: $25.46

– CoStar 2022. Data on this page reflects ONLY non-owner occupied office property over 10K SF A C C E L E R A T I N G G R O W T H 19

Commercial Property Statistics INDUSTRIAL

144 PROPERTIES 6,551,255 SF 0.1% VACANCY

All Office Inventory

All Leasable Office Over 10K SF

includes owner-occupied with all office sizes

excludes owner-occupied buildings

2020: 0.2%

Q4 2021 Vacancy

Q4 2021 Vacancy

$10.77/NNN PSF

$34.83/SF

$35.19/SF

8.4M Total SF

7.0M Total SF

2020: $10.68

FLEX

73 PROPERTIES 4,164,472 SF 16.0% VACANCY

12.2%

Average Lease Rate

14.3%

Average Lease Rate

Largest 2021 LEASE TRANSACTIONS Address

SF

900 River Rd.

331,428

411 Swedeland Rd.

150,000

2020: 12.6%

$37.66/NNN PSF

3700 Horizon Dr.

68,000

411 Yerkes Rd.

50,000

499 S. Henderson Rd.

44,825

1016 W. 9th Ave.

29,348

630 Allendale Rd.

26,000

250 King Manor Dr.

25,000

630 Freedom Business Center Dr.

23,370

310 Hansen Access Rd.

16,800

421 Feheley Dr.

15,085

640 Freedom Business Center Dr.

13,377

421 Feheley Dr.

10,125

2020: $37.86

RETAIL

202 PROPERTIES 6,211,587 SF 2.6% VACANCY 2020: 2.7%

$28.52/NNN PSF 2020: $26.81 – CoStar 2022

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Largest 2021 REAL ESTATE SALE TRANSACTIONS Address

Sale Price

King of Prussia Center

$30,000,000

211 S. Gulph Rd.

$25,800,000

760 Moore Rd.

$24,000,000

250 Hansen Access Rd.

$18,500,000

900 River Rd.

$16,000,000

2100 Renaissance Blvd.

$13,883,344

Comparison of Philadelphia Suburban Submarkets (Office SF)

2.3M 2.9M

Plymouth Meeting

Bala Cynwyd

4.1M 5.1M

Conshohocken

250 King Manor Dr.

$9,650,000

1021 W. 8th Ave.

$9,100,000

300 S. Gulph Rd.

$7,650,000

305 E. Church Rd.

$4,875,158

801 Third Ave.

$4,470,000

499 S. Henderson Rd.

$4,100,000

630 Clark Ave

$2,700,000

– CBRE Research, Q4 2021

164 E. Dekalb Pk.

$2,690,000

200 Mall Blvd.

$2,575,000

Comparison of King of Prussia to Select Mid-Atlantic Commercial Office Submarkets

451 Yerkes Rd.

$2,500,000

514 Shoemaker Rd.

$2,200,000

122 Crooked Ln.

$1,400,000

Horsham/Willow Grove

9.4M

Exton/Whitelands

16.8M King of Prussia/Valley Forge

5.1M

The Meadowlands, NJ

6.8M 9.4M

26,140,595 SF

Downtown Wilmington, DE

TOTAL COMMERCIAL PROPERTY IN KOP

11.7M

– CoStar 2022

Rosslyn, VA

Baltimore CBD

12.9M Newark, NJ

16.8M King of Prussia/Valley Forge – CBRE Research, Q4 2021

A C C E L E R A T I N G G R O W T H 21 GEOBLUE

– CoStar 2022

– CoStar 2022 22 2 0 2 2 R E P O R T T O T H E C O M M U N I T Y

– CoStar 2022

– CoStar 2022

A C C E L E R A T I N G G R O W T H 23

KING OF PRUSSIA'S HOTEL SCENE The global pandemic had, arguably, the most significant impact on the hospitality industry.

Sharp declines in room nights, revenue and meetings/conferences challenged hotel bottom lines around the world and led to substantial industry layoffs. King of Prussia was certainly no exception. Corporate travel shrank substantially as most in-person conferences and company meetings were postponed or canceled in the last two years. Leisure travel also declined as weddings, reunions and sports tournaments were canceled. Fortunately, 2021 resulted in better overall numbers than 2020, however, there is still a long way to go until we are back at pre-pandemic levels.

2021 Hotel Stats Saturday was the highest hotel occupancy at 72.2% and $123.53 ADR Average weekend occupancy: 68.5% Average weekday occupancy: 45.2% The King of Prussia region accounted for 35% of hotel room demand and 36% of hotel room revenue within Montgomery County – STR Trends Report 2021 Data from Valley Forge Casino Resort & Conference Center is not included

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– Hammer & Fire at the Alloy King of Prussia - a DoubleTree by Hilton

Hospitality & Attractions

Whether you’re traveling for business or pleasure, booking a conference or in need of an extended stay home away from home to rest your head, King of Prussia’s 15 hotels are ready to welcome you.

A C C E L E R A T I N G G R O W T H 25

Endless Entertainment Whether you’re planning date night, a corporate team-building experience or a group hang, KOP’s got you covered with a variety of entertainment options:

ELEMENT

Hotel the Alloy King of Prussia – a DoubleTree by Hilton

Total Rooms

Meeting Space (SF)

327

25,500

Best Western Plus, The Inn at King of Prussia

168

2,020

Crowne Plaza – Philadelphia/King of Prussia

227

24,000

Element Valley Forge

120

1,075

Extended Stay America

140

0

80

0

Fairfield Inn Philadelphia – Valley Forge Hampton Inn – King of Prussia

149

528

Holiday Inn Express Hotel & Suites – KOP

148

0

Home2 Suites

115

0

HYATT House King of Prussia

147

3,011

HYATT Place – Philadelphia/KOP

129

1,064

Motel 6 – King of Prussia

170

0

Sheraton Valley Forge

180

25,000

SpringHill Suites Philadelphia/Valley Forge/KOP

131

350

Valley Forge Casino Resort & Conference Center Total

Beer Tasting Conshohocken Brewing Company Workhorse Brewing Company

Escape Rooms Amazing Escape Room Escape Room Mystery Expedition Escape The Escape Game

Unique Experiences Bury the Hatchet: Axe Throwing iFLY Indoor Skydiving Shoot Indoors KOP King Shooters Supply Cork & Candles

Nightlife 445

100,000

2,676

182,548

The Vault (Temporarily Closed) The Venue Valley Beach

Movie Theaters Regal UA King of Prussia 4DX & IMAX

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Double Down on a Good Time The region’s only full-amenity gaming resort, Boyd Gaming’s Valley Forge Casino Resort (VFCR) boasts a 40,000 SF gaming floor featuring 850 of the most popular slot machines and 50 table games. If sports get your blood pumping, VFCR’s FanDuel Sportsbook offers 1,800 SF of sports betting with seven betting windows, 27 television screens and two sports tickers. At night, the Resort comes alive, with a variety of entertaining nightlife options, from tribute acts to comedy shows.

With nearly 500 hotel rooms, a spa and 8 dining options, you can make a weekend out of it!

#4 Of 17 PA casinos in total revenue for 2020

$471M Revenue in 2021 Up from $278M in 2020 - Pennsylvania Gaming Control Board on Revenue by Operator for Retail Slot Machines, Sports Wagering, Retail Table Games, and iGaming.

A C C E L E R A T I N G G R O W T H 27

Destination Wellness With more than 100 businesses dedicated to helping you look and feel your best and many prominent medical institutions and practitioners, look no further than KOP to live your best life. From zumba to kickboxing, dance to crossfit, there are plenty of fitness studios and gyms in KOP to level up your fitness goals. Athletes of all ages and experience can go next-level at Steelyard Sports, a state-of-the-art sports complex with indoor and outdoor turf fields. Competitive Edge Sports boasts five regulation basketball courts and seven volleyball courts. The versatile facility welcomes 500,000+ people each year as hosts for large tournaments and sporting events.

35 Parks and open spaces in Upper Merion Township

100+ Businesses dedicated to helping you look and feel your best

28 2 0 2 2 R E P O R T T O T H E C O M M U N I T Y

Fresh Air Fitness Prefer your fitness al fresco? Upper Merion Township has you covered with 35 parks and open spaces. Lace up your sneakers and enjoy a run or walk on the Schuylkill River West Trail, a multi-use, 15.5-mile continuous trail and greenway that runs through the township. Or, hop on the Schuylkill River Trail at the Betzwood Trailhead, part of Valley Forge National Historical Park, and take the 24.5-mile multi-use path into Center City, Philadelphia.

Social runners may also enjoy group runs led by Philadelphia Runner in KOP Mall and Road Runner Sports in King of Prussia Town Center.

History All Around Us History buffs and nature lovers come from around the world to experience the beauty of our backyard, Valley Forge National Historical Park. The site of the 1777-78 winter encampment of the Continental Army features 3,500 acres of monuments, meadows and woodlands and close to 30 miles of trails.

Historical storytellers and incredible year-round events bring the past to life for the more than 2M people who visit the park each year.

$24M 382 $36M

Spent in Communities Near the Park

Jobs Supported

Cumulative Benefit to the Local Economy – 2019 National Park Service (NPS) Report

Valley Forge National Historical Park welcomes over 2.4M visitors each year

A C C E L E R A T I N G G R O W T H 29

Retail & Dining When it comes to world-class shopping and diverse dining options, King of Prussia reigns supreme.

30 2 0 2 2 R E P O R T T O T H E C O M M U N I T Y

KING OF PRUSSIA MALL A crown jewel in Simon Property Group’s portfolio, King of Prussia Mall welcomes over 20M people to its 450+ retailers and 30+ eateries each year. Always evolving, King of Prussia Mall has quadrupled in size to 2.8M SF since its opening in 1963. The retail giant, which boasts annual sales in excess of $1.1B, plans to redevelop the former JCPenney site among other significant redevelopment and leasing changes.

450+ Retailers

30+ Eateries

A C C E L E R A T I N G G R O W T H 31

King of Prussia Town Center Offering an urban vibe with suburban ease, King of Prussia Town Center attracts hordes of eager shoppers and diners drawn to its main street appeal and year-round events. Anchored by Wegman’s and nestled in the middle of The Village at Valley Forge, just steps from Main Line Health, Children’s Hospital of Philadelphia, Anthology King of Prussia and nine of KOP’s most popular apartment communities, it’s no wonder that Town Center is a hot spot.

Valley Forge Shopping Center Located in the heart of KOP on Dekalb Pk., this shopping center is anchored by Target, Michael’s Craft Store and Bed Bath & Beyond and is also home to locally-owned eateries Peppers by Amedeo’s and the King of Prussia Diner and Wild Rooster Bar.

Dekalb Plaza Shopping Center The 101,911 SF outdoor shopping center is home to a wide range of retailers including Bob’s Discount Furniture, Hobby Lobby and new in 2021, Yardbird.

King of Prussia Center Located at the corner of Henderson Rd. and Dekalb Pk., King of Prussia Center offers a mix of shopping and dining opportunities. Aldi, Deluth Trading Company and Sam Ash headline, joining Subway, Papa John’s, Walgreens and locally-owned Cigar Mojo, among other tenants.

Courtside Square Located at the corner of Allendale Rd. and Dekalb Pk., KOP's first mixed-use development includes over 126,000 SF of retail, restaurant and office space, in addition to 74 residential apartments.

32 2 0 2 2 R E P O R T T O T H E C O M M U N I T Y

6,211,587 SF TOTAL KING OF PRUSSIA RETAIL SPACE

2.6% RETAIL VACANCY Q4 2021

$28.52/NNN PSF AVERAGE LEASE RATE

202 PROPERTIES

Comparison of Select Philadelphia Suburban Retail Markets (SF)

Restaurants Now Open in KOP

Plymouth Meeting/Blue Bell

3.0M

Cherry Hill, NJ

8.2M

Marlton, NJ

3.3M

Exton

4.1M

KING OF PRUSSIA

6.2M

EDDIE V 'S

Bonchon

Mezeh Mediterranean Grill

Capital One Cafe

Morgan’s Brooklyn Barbecue

Copper Whisk

Pizzeria Vetri

Day & Night Cereal Bar

Pure Roots Provisions (takeout only; in-restaurant dining fall 2022)

Doc Popcorn/Dippin’ Dots Dutchy Fries King of Prussia Diner & The Wild Rooster

The Melting Pot (new location)

Retailers Now Open in KOP AE77

MINISO

Ardene

Novesa London

Blue Nile

Octane Jeans

Bookish

Psycho Bunny

Carter Wear

Purple

Circa Lighting

PXG Philadelphia

Cork & Candles

Scotch & Soda Amsterdam

CubeSmart

See’s Candies

Designer Looks Furniture

SelfieWRLD Philly (pop-up)

Diamonds International

Sola Salons

Free People Movement

SPERGO

Guess

Therabody

Hi Level Fashion

Ummah Shop

Levante Brewing (pop-up)

Variazioni Italy

Lidl

Venus et Fleur

LIT Method

Warped Reality Tattoo

Lux Skin Lasers

Yardbird

Marc Jacobs

Zuted Vintage

Restaurants Coming Soon Day & Night Cereal Bar PrimoHoagies Taku Steak House

Within KOP Retail (Q4 2021)

2.6%

Retailers Coming Soon Arabian Oud Mavis Tire Center Topgolf

Vacancy

$28.52/NNN PSF Average Lease Rate – CoStar 2021

What's A C C E L E R A T I N G G R O W T H 33

CHILDREN’S HOSPITAL OF PHILADELPHIA CHOP’s King of Prussia Campus expanded this year with the opening of the Middleman Family Pavilion, a 250,000 SF, $298M inpatient hospital - CHOP’s first outside of its primary Philadelphia location. The 108-bed hospital houses a broad range of pediatric specialties and features a 24/7 20-bay emergency department specializing in pediatric care and an operating room suite. The KOP Campus also includes a Specialty Care & Surgery Center featuring 68 exam rooms, over 30 medical and surgical subspecialties, a sports medicine gym, developmental PT/OT gym, Pediatric Imaging Center, day hospital for oncology patients, sleep center, urgent care center and ambulatory surgery center.

State of the Art 34 2 0 2 2 R E P O R T T O T H E C O M M U N I T Y

Healthcare & Life Sciences With a growing number of leaders in cell and gene therapeutics and healthcare, King of Prussia is developing a reputation as our region's "Cellicon Valley" and a hot spot for health and wellness.

A C C E L E R A T I N G G R O W T H 35

The Discovery Labs Discovery Labs is the largest privately held life sciences real estate portfolio in the United States totaling over 2.9M SF on over 300 acres across three properties: Innovation 411 is the 996,284 SF former GlaxoSmithKline Research and Development headquarters.

Innovation 800 is a 859,838 SF former Philadelphia Inquirer printing plant and Innovation Renaissance is an 1,056,135 SF life sciences park located within Renaissance Park.

Discovery Labs is home to prestigious companies including Children’s Hospital of Philadelphia, AmerisourceBergen/World Courier, Jefferson Health, Tosoh Biosciences, GlaxoSmithKline, WuXi Biologics, University of Pennsylvania, Life Sciences PA, Seed Therapeutics, NeuExcell Therapeutics, Proteovant Therapeutics and Center for Breakthrough Medicines.

By 2025, over 2,500 employees will be based at companies in the Discovery Labs portfolio.

Over $3.5B will be invested across the portfolio over the next 10+ years with over $1B invested in lab and life science infrastructure alone. Nearly $500M will be invested over the next year.

36 2 0 2 2 R E P O R T T O T H E C O M M U N I T Y

Center for Breakthrough Medicines (CBM) The Center for Breakthrough Medicines is a cell and gene therapy focused contract development and manufacturing organization that occupies over 500,000 SF at Discovery Labs. Service offerings include plasmid manufacturing, cell therapy production, viral vector manufacturing, testing and analytical services. CBM’s supply chain disruption mitigation strategies, end-to-end program management expertise and unique platform technology, provide an industry-leading solution so that patients can get the groundbreaking cures they so desperately need.

Center for Breakthrough Medicines recently completed $350M in financing from SK Inc. and a 15-year sponsored research and joint manufacturing collaboration with the Gene Therapy Program at the University of Pennsylvania. CBM now has 200 employees at their location in Discovery Labs.

500K SF Contract Development & Manufacturing Organization

A Selection of KOP’s Healthcare Hot Spots 200 Mall Blvd.

Dermatology Partners Dermatology Partners specializes in medical, chronic and cosmetic dermatology, including a full spectrum of diseases of the skin, hair, and nails, as well as the detection and treatment of skin cancers.

EINSTEIN

210 Mall Blvd.

Einstein Healthcare Network Einstein's KOP outpatient facility features a wide range of specialists and services, including primary care, obstetrics and gynecology, orthopedics, radiology and outpatient laboratory services.

Einstein KOP also offers physical medicine and rehabilitation from MossRehab.

120 Valley Green Ln.

Main Line Health

M A I N L I N E H E A LT H

Offering services in over 15 medical specialities, Main Line Health’s KOP facility is designed to provide patience with a coordinated continuity of care. In addition to primary care, services include cardiology and cardiac testing, endocrinology, neurology, general surgery, orthopedics, imaging, physical therapy and lab services. The center also includes a specialty care center for women in partnership with Axia Women’s Health.

950 Pulaski Dr.

Philadelphia Hand to Shoulder Center

PHIL ADELPHIA HAND TO SHOULDER CENTER

"It seems as if, for the foreseeable future, King of Prussia will stand as one of the brighter extensions of the Delaware Valley’s expanding “Cellicon Valley,” where medical innovation, scientific research, and treatment development are in the midst of an ongoing renaissance."

–Delaware Valley Journal, June 16, 2021

Philadelphia Hand to Shoulder Center diagnoses, treats, repairs and manages the complete rehabilitation of injuries to the hand, wrist, arm, elbow and shoulder. Surgical services include general orthopedic surgery, spine surgery, total joint replacements, trauma and fracture care and sports medicine.

234 Mall Blvd.

Rothman Orthopaedic Institute With experts in orthopaedic subspecialties including spine, hip and knee, foot and ankle, shoulder and elbow, hand and wrist, sports medicine, physical medicine and rehabilitation, orthopaedic oncology and trauma, Rothman is internationally recognized for excellence in clinical treatment methods, research, education and technology.

A C C E L E R A T I N G G R O W T H 37

Physical Improvements

38 2 0 2 2 R E P O R T T O T H E C O M M U N I T Y

Linear Park/Demonstration Project Grants & Contributions DVRPC TCDI Linear Park/Demonstration Park Concept Design Local Share Grant for Demonstration Project Corporate Contribution for Demonstration Project

$88,000 $122,940 $20,000

PennDOT Multimodal Fund

$1,200,000

PennDOT TIIF-STP Fund

$1,200,000

2018 MONTCO 2040 Implementation Grant

$100,000

PA Department of Community & Economic Development MTF

$421,699

PA Redevelopment Assistance Capital Program 2020 Montco 2040 Implementation Grant

$1,000,000 $190,000

Total = $4,342,639 Road Diet Grants Road Diet Study – DVRPC TCDI Road Diet TAP Grant

$25,000 $430,856

Total = $455,856

A C C E L E R A T I N G G R O W T H 39

KOP District Initiative

First Avenue Linear Park – Phase One King of Prussia District introduced a new multimodal trail and open space along First Avenue in 2020/2021. The Linear Park lets employees, residents and visitors walk or bike this mixeduse corridor in Moore Park. New amenities include public outdoor seating areas interspersed between a rain garden, planting beds, trees and stone seating walls. These features span ten properties and create the perfect meeting points for employees, residents and visitors to relax and enjoy a respite in Moore Park.

Following the success of Phase One, construction for Phase Two begins this spring on 6 additional parcels along First Avenue to create a continuous multimodal pathway between Allendale and N. Gulph Rd. In addition to 8-10 ft-wide pathways, the project includes new pedestrian lighting, improved bus stop facilities, a precast concrete boardwalk along Trout Creek and accessible curb ramps. Phase Three of this multimodal project is currently being designed.

Funding the Park The First Avenue Linear Park is made possible by the generous contributions of public easements from commercial properties owners in Moore Park. This new public amenity is managed by King of Prussia District and made possible by a $2.4M multimodal federal and state grant administered by PennDOT with a $100,000 grant from Montgomery County for new solar-powered bus shelters. Phase Two construction in 2022 is funded by King of Prussia District with $1M from the Commonwealth of Pennsylvania’s Redevelopment Assistance Capital Program (RACP), $422,000 from the PA Dept. of Community and Economic Development’s Multimodal Transportation Fund and $190,000 from Montgomery County’s 2040 Implementation Grant.

King of Prussia District is grateful for the support and advocacy from State Representative Tim Briggs’ office and the Upper Merion Township Board of Supervisors to move this important complete-streets project forward.

3,500 40 2 0 2 2 R E P O R T T O T H E C O M M U N I T Y

linear feet of multimodal asphalt trail and concrete sidewalk

First Avenue Linear Park Phase One by the Numbers

1

287

RAIN GARDEN

LBS OF GRASS SEED

41 TREES

LINEAR FEET OF SPLIT-RAIL FENCE

163

1,635

SHRUBS

293

ORNAMENTAL GRASSES

1,900 PERENNIALS

3,793

GROUND COVER PLUGS

280

6

SOLAR-POWERED BUS SHELTERS

6

BENCHES

13

CUBIC YARDS OF PLANTING AND AMENDED SOILS

BISTRO TABLES

29

BISTRO CHAIRS

ADA-COMPLIANT CURB RAMPS

72

SOLAR-POWERED LIGHT FIXTURES

52

36

ADIRONDACK CHAIRS

9

TRASH RECEPTACLES

A C C E L E R A T I N G G R O W T H 41

KOP District Initiative

Placemaking Partner Initiative King of Prussia District unveiled a new program in 2021 that partners with commercial and multifamily property owners to create amenities to promote a return-tooffice. The Placemaking Partner Initiative provides matching funds, up to $10,000, to design and construct physical improvements, placemaking features, active spaces and sustainable transportation enhancements.

King of Prussia District will partially reimburse welldesigned improvements that enhance aesthetics in mixed-use districts and produce dynamic places for employees, residents and visitors to enjoy.

JUDGE GROUP

KOP District Initiative

Median Improvements King of Prussia District, in partnership with Renaissance Park, added nearly ½ acre of planted medians on Renaissance Blvd. in 2021 that will grow into a vibrant landscape for commuters to enjoy in the coming years.

This project brings the total planted right-of-ways in King of Prussia to 6.9 acres across 42 beds, medians and verges. Since 2011, King of Prussia District planted and maintained 166 trees, 2,425 shrubs, 24,998 perennials, 15,000 bulbs and 6,758 ornamental grasses. This beautiful and sustainable vegetation includes bluestars, chokeberry, purple coneflower, sage, feather reed grass, fragrant sumac, red maple, honey locust and black-eyed susan to name a few of the varieties of perennials, ornamental grasses and trees. The plantings reduce stormwater runoff through increased permeability and enhance the aesthetic of the roadways.

King of Prussia District invested over $5M to fund the design, construction and maintenance of these physical environmental improvements since 2011.

42 2 0 2 2 R E P O R T T O T H E C O M M U N I T Y

Infrastructure Enhancements Route 422 Schuylkill River Crossing Project Major construction on this $100M segment between Trooper Rd. and First Ave. was completed in December 2020. The new roadway and replacement of five bridges around Valley Forge and King of Prussia will improve multimodal capacity and safety for 92,000 daily motorists, between the Route 363 and 23 interchanges. Overall, construction on the 24-mile improvement project along the 422 corridor in Montgomery and Chester counties, including multiple Schuylkill River crossings, enters into the seventh year with estimated completion in 2030.

Chester Valley Trail Extension Montgomery County started construction in 2020 on this 3.5-mile link between the Chester Valley and Schuylkill River Trails. Significant progress to date includes paving most of the trail base and partial realignment of the intersection at Route 202 and Saulin Blvd. to create a signalized crossing. The remaining work in 2022, including installation of two trail bridges over S. Gulph and Henderson Rds., will complete the connection through Upper Merion Township, Bridgeport and Norristown Borough to the 14-mile Chester Valley Trail from Exton to the Schuylkill River Trail that runs from Philadelphia to Reading.

Crow Creek Trail Project Upper Merion Township started construction on the multimodal trail along Crow Creek in 2020 and completed most of the work in fall 2021. The remaining connection will be completed with the high school complex in 2022. This new trail will ultimately connect Walker Field to Bob Case Park and the Schuylkill River West Trail. The trail design includes a continuous multi-use pathway with ADA-compliant crossings at roadway intersections. Upper Merion received a grant from the state to create this 2-mile corridor for bicyclists and pedestrians that will join residential, civic, retail centers and schools from King of Prussia Mall to West Beidler Rd. KOP District Initiative

Renaissance Park Pedestrian Gateway King of Prussia District, in partnership with Renaissance Park property owners, is improving the connection between the business park and SEPTA’s Hughes Park Station and creating a new pedestrian gateway for commuters, residents and visitors. The new multimodal path will address recommendations identified in the 2018 Safe Routes To Transit report by the Delaware Valley Regional Planning Commission, including trail enhancements between Crooked Ln. and Renaissance Blvd. Stuart & Associates, a KOP landscape architecture, planning and design firm, prepared drawings for this prominent gateway into Renaissance Park that include new hardscape, seating, planting beds and pedestrian lighting improvements. Construction is planned for 2022.

A C C E L E R A T I N G G R O W T H 43

Transportation

44 2 0 2 2 R E P O R T T O T H E C O M M U N I T Y

KOP District Initiative

theconnector Shuttle This public shuttle provides a reliable service for commuters going to work every weekday from the Norristown Transportation Center and Wayne Station. This service complements SEPTA’s Regional Rail and Norristown High Speed Line routes and serves as a “last mile” service to 14 commercial office properties. theconnector started in June 2013 using a federal CMAQ grant with additional funding from Montgomery County, Upper Merion Township, commercial property owners, ticket sales, advertising and King of Prussia District.

To date, theconnector provided over 79,000 rides, reduced single-occupied vehicles driven by 1.65M miles and saved 1.3M pounds of Carbon Dioxide.

Due to stay-at-home orders, King of Prussia District suspended shuttle service in April 2020. We look forward to resuming theconnector shuttle service during the AM and PM rush-hour once a critical mass of commercial tenants return to offices.

1.3M

POUNDS OF CARBON DIOXIDE SAVED F I R S T A N D M O O R E / VA L L E Y F O R G E K I N G O F P R U S S I A R A I L S TAT I O N R E N D E R I N G

A C C E L E R A T I N G G R O W T H 45

King of Prussia Rail King of Prussia Rail (KOP Rail) is a proposed 4-mile extension of SEPTA’s existing Norristown High Speed Line into the heart of King of Prussia's most populated employment centers.

Once complete, this transformative project will connect the three largest commercial centers in the Philadelphia Region - Center City, University City and King of Prussia.

The project will serve as a catalyst for economic development and job growth for the entire region.

For more information and renderings, visit KingofPrussiaRail.com.

46 2 0 2 2 R E P O R T T O T H E C O M M U N I T Y

Project Updates • Pending Completion of 30% Design Work in April 2022: SEPTA and HNTB will release 30% design work in April 2022, which will refine the project design and address a range of issues, including rail alignment, station locations, property and environmental impacts, maintenance, rail operations and other details. These design refinements are a result of public input, coordination with affected property owners and engineering criteria, as well as existing land use and future economic development opportunities.

• Entry into Federal CGI Program: In 2021, King of Prussia Rail was granted entry into the Project Development Phase under the Federal Transportation Administration’s (FTA) Capital Investment Grant (CIG) program. Acceptance into the Project Development Phase demonstrates SEPTA’s commitment to the project and serves as a critical milestone in seeking federal funding and continued coordination with the FTA. The CIG program appropriates funds for light, heavy and commuter rail projects, streetcar and bus rapid transit projects. New Starts provides approximately $2.3B per year in federal funding to transit projects across the US, including extensions to existing systems like KOP Rail.

• Transit Oriented Development Grant: SEPTA continues to utilize a federal grant to work with Stantec to study transitoriented development opportunities in and around each of the proposed rail stations for the project.

King of Prussia Rail Coalition King of Prussia District is proud to serve as a strong advocate and driving force behind this transformative project. In 2015, King of Prussia District led efforts to form the King of Prussia Rail Coalition, a regional consortium of commercial property owners, elected officials, employees, residents, visitors, economic development and job growth agencies, building trades, chambers of commerce and more.

The King of Prussia Rail Coalition is guided by an Advisory Committee of regional non-profit and for-profit leaders who believe KOP Rail is necessary for our region to remain competitive. The Coalition is led by Chairman Jerry Sweeney, President & CEO of Brandywine Realty Trust.

Gold Supporters

Additional support from: Bala Consulting Engineers, Children's Hospital of Philadelphia, Drexel University, GVF, IBEW Local 98, Keystone Property Group, Main Line Chamber of Commerce, Montgomery County Chamber of Commerce, Philadelphia Council AFL-CIO, Simon Property Group, The Chamber of Commerce for Greater Philadelphia, Universal Health Services, University of Pennsylvania Health System, Valley Forge Tourism & Convention Board, Villanova University

Why Endorse KOP Rail?

KOP Rail is expected to create up to 6,300 construction jobs, stimulate 5.3M SF of development and boost property values across the region by $2.5B, including a $1.8B increase in existing residential property values and more than $700M in new residential and commercial development. KOP Rail will save drivers travel time estimated at 1.7-2.1M hours per year, valued at $36.4-$44.5M annually.

For more information and to endorse the project, visit KOPRailCoalition.com

EXISTING KOP PUBLIC TRANSPORTATION Norristown High Speed Line Current KOP station stops at Gulph Mills, Hughes Park and Dekalb St.

Regional Rail (no direct access) Manayunk/Norristown and Paoli/ Thorndale lines require transfer service to KOP.

Rambler Shuttle Serving various Upper Merion Township locations via two routes that run from 9 AM to 4 PM, M-SA.

SEPTA Buses 92 connecting Exton to KOP

2021 KOP Rail Coalition Advertising Highlights King of Prussia District continues to manage the Coalition's marketing and advertising efforts. The 2021 campaign included refreshed creative for regional digital billboards and digital display ads, ads on the back and sides of SEPTA buses and expanded bus shelter ads including locations around King of Prussia Mall.

95 connecting Easter Montco to KOP 99 connecting Phoenixville to KOP 123 connecting Upper Darby to KOP 124 connecting Center City, Phila to KOP 125 connecting Center City, Phila to KOP 139 connecting Limerick to KOP

A C C E L E R A T I N G G R O W T H 47

KOP District Initiative

Renaissance Park, GSK and Discovery Labs Stakeholder Engagement In 2020, King of Prussia District and Upper Merion Township expanded the District’s boundary to include Renaissance Park, Discovery Labs and the GlaxoSmithKline facility. King of Prussia District engaged Stantec, a multi-disciplinary consulting firm, to facilitate a series of meetings with commercial property owners, public agencies, business tenants and residents. The process also included a visioning exercise, interviews and surveys that culminated in an action plan for the business park. This generated Renaissance Park, GSK and Discovery Labs Stakeholder Engagement: Ideas and Actions for the Future.

The plan is focused on early action items that include physical improvements and brand development.

King of Prussia District hired Stuart & Associates, a landscape architecture and planning firm in King of Prussia to create landscape plans for the Renaissance Park island medians in partnership with the Renaissance Park condo association. These medians were planted in 2021.

King of Prussia District also engaged D2 Groups to develop an exterior wayfinding and a signage master plan for Renaissance Park. The signage master plan will culminate with the design and construction of new gateway and wayfinding signage.

Growth 48 2 0 2 2 R E P O R T T O T H E C O M M U N I T Y

D I S C O V E RY L A B S

Land Use & Zoning

A C C E L E R A T I N G G R O W T H 49

Community & Housing

50 2 0 2 2 R E P O R T T O T H E C O M M U N I T Y

With high-quality schools, low real estate taxes and incredible shopping, dining and healthcare options all in your backyard, KOP is one of Pennsylvania’s best places to live.

A+ #3

Overall Niche Grade

Best suburbs for young professionals in Pennsylvania

#29 Best places to live in Pennsylvania

#42 Best suburbs to raise a family in Pennsylvania – 2021 Rankings Niche.com 2022

$90,136 MEDIAN HOUSEHOLD INCOME

$1,456 MEDIAN RENT – Niche.com 2022

A C C E L E R A T I N G G R O W T H 51

King of Prussia Housing Market Trends In November 2021, King of Prussia home prices were up 7.4% compared to 2020, selling for a median price of $399,000.

$399,OOO MEDIAN HOME PRICE - Redfin.com 2022

Community Assets Upper Merion Township is rich with assets and community services that make it an ideal location to live and work.

KOP District Initiative

Thanks to the generosity of 2021 First Responder Appreciation Week Sponsors, King of Prussia District donated $3,800 to Upper Merion Area Community Cupboard and $3,000 to Upper Merion Township’s fire companies to purchase fire alarms for residents.

52 2 0 2 2 R E P O R T T O T H E C O M M U N I T Y

431 W. Valley Forge Rd.

Upper Merion Community Center The Upper Merion Community Center is a 70,000 SF, state-of-the-art facility offering residents and nonresidents a variety of classes, camps and activities. The center features an indoor track, fitness rooms, multiple sport courts, meeting spaces and a cooking studio. Within the center, the 431 Art Gallery, features works by the Montgomery County Guild of Professional Artists.

431 W. Valley Forge Rd.

Upper Merion Township Pool Located on the same property as the Community Center, the pool is open from Memorial Day weekend through Labor Day, and is only open on the weekends while Upper Merion schools are still in session. Community Center passholders enjoy a discount on pool membership.

135 E. Valley Forge Rd.

Upper Merion Community Garden at Sunny Hill Farm

H O L I D AY V I L L A G E

Founded in 2018, the community garden provides a collaborative and community garden space to share produce with those in need and provide education to reconnect residents with the process of sustainable, organic gardening. The garden features sixty 10’ by 10’ garden plots and is part of the non-profit Upper Merion Township Foundation.

431 W. Valley Forge Rd.

Senior Service Center Located within the Community Center, the Senior Service Center provides a multi-use environment for physical, educational and recreational activities for senior residents.

670 N. Henderson Rd.

Nor-View Farm

U P P E R M E R I O N C O M M U N I T Y G A R D E N AT S U N N Y H I L L FA R M

Nor-View is a real working farm operated by the township, complete with a plant nursery, mini farm and petting zoo and ice cream shop. Visitors are encouraged to observe the animals from spring to fall, shop for potted plants and flowers and take advantage of the well water available for purchase.

191 Town Center Rd.

Upper Merion Area Community Cupboard Upper Merion Area Community Cupboard (UMACC) is open to anyone who lives within the bounds of the Upper Merion Area School District and is hungry or food insufficient. Located in the Valley Forge Presbyterian Church, UMACC is a collaborative and empathetic community response of township schools, municipalities, businesses, communities of faith and caring neighbors to strengthen the most vulnerable neighbors.

C O M M U N I T Y FA I R

Upper Merion Park Partners Upper Merion Park Partners is a program to provide residents, organizations and businesses with opportunities to protect and enhance the township’s 35 parks and open spaces, as well as educate people about the importance of parks and open spaces.

For more information, visit umtownship.org.

UPPER MERION TOWNSHIP POOL

A C C E L E R A T I N G G R O W T H 53

Resident Profile by Age 5,389 15%

Percentage of Population

4,023 3,654

3,169

10%

2,136 1,843 1,478

5%

1,458

1,720

1,819

1,684

1,290

597 0 <5

5-9

10-14

15-19

20-24

25-34

35-44

45-54

55-59

60-64

65-74

Age

Resident Profile

by Race

75-84

85+

– 2019, ACS 5-Year Estimate

64.6% 19% 7.3% 6.1% 3% White

Asian

African American

Hispanic

Other

– US Census Bureau, 2020 DEC Redistricting Data

64.4%

OWNER-OCCUPIED

35.6%

RENTER-OCCUPIED

– US Census Bureau 2019 ACS Five Year Estimate

Total Housing Units

15,991 2020

– US Census 2020 Redistricting Data

12,800 2010

– US Census 2010 Redistricting Data

Rental Units Within the King of Prussia District Boundary

10,760 RESIDENTS LIVE WITHIN THE KING OF PRUSSIA DISTRICT BOUNDARY, REPRESENTING 32% OF THE UMT RESIDENT POPULATION – Census 2020

Resident Population

33,613 2020

– US Census 2020 Redistricting Data

30,260 2019

– US Census 2019 ACS 5-Year Estimate 54 2 0 2 2 R E P O R T T O T H E C O M M U N I T Y

90% OCCUPANCY AVERAGE – King of Prussia District Residential Survey

6,243

UNITS

45.5%

ONE PERSON/UNIT

29.9%

TWO PEOPLE/UNIT

12.4%

THREE PEOPLE/UNIT

12.1%

FOUR PEOPLE/UNIT – Census 2020

31

32

22

202 28 15

422

21

17

41 18

33

MOORE PARK

26 22 37

276 9

4 2

19

10

16 5

11 13

6

25 36

12

35 KING OF PRUSSIA MALL

276

23

1

7

40 3 43

38

24

202

42

27

THE VILLAGE AT VALLEY FORGE

RENAISSANCE PARK

14

30

8

76

39 29

Multifamily Properties in Upper Merion Township King of Prussia District Boundary

1.

251 Dekalb

16. Omnia at Town Center

31. Glenn Rose

2.

575 South

17. Park Square

32. Hamlet Drive

Multifamily Property Within King of Prussia District Boundary

3.

Abrams Run Apartments

18. SKYE 750

33. Heather Hill

4.

AVE King of Prussia

19. The Smith Valley Forge

34. Heritage Manor

5.

The Brownstones

20. Valley Forge Suites

35. King of Prussia Arms

6.

Canvas Valley Forge

36. King Manor

7.

Courtside Square Apartments & Suites

21. Valley Forge Towers North 22. Beidler Knoll

38. Prussian Woods

Multifamily Property Outside King of Prussia District Boundary

37. Pinecrest

8.

Gulph Mills Village

23. Carmella Court

39. Rebel Hill

9.

The George Apartments

24. Cooper Mills Station

40. Schoolhouse Commons

11. The Point at King of Prussia

25. The Court at Henderson I

41. Valley Forge Towers (South and West)

12. Henderson Square Apartments

26. The Court at Henderson II

42. Williamsburg Commons

13. Indigo 301

27. Crooked Lane Crossing

14. Kingswood Apartments & Townhomes

28. Deer Creek

15. The Lafayette at Valley Forge

30. Glen Arbor

10. Cirro King of Prussia

29. Enclave

43. Willow Manor

NEW UPPER MERION AREA HIGH SCHOOL Construction is nearly complete on UMASD’s new Upper Merion Area High School, which is situated next to the high school’s current property at 440 Crossfield Rd. The new 300,000 SF high school connects with the middle school and features a threestory academic wing, amphitheater, indoor track, fitness center and greenhouse. This new building will allow UMASD to provide collaboration spaces for students and staff and will reflect, in many ways, academics at a college setting. Following the opening in September 2022, the existing high school will be demolished and converted into artificial turf and grass athletic fields.

Upper Merion Area High School Rankings Top 50 (#47) of the best high schools in the Philadelphia region and #66 in Pennsylvania 93% Graduation Rate 42.5% Minority Enrollment – US News & World Report 2022

Our Future 56 2 0 2 2 R E P O R T T O T H E C O M M U N I T Y

Education Upper Merion Area School District’s (UMASD) highly-rated academic and extracurricular public school programs are an asset for KOP’s resident and business communities alike.

Select UMASD 2020/2021 Achievements UMASD, like schools across the nation, continues to face tremendous challenges as a result of the COVID-19 pandemic. Despite these unprecedented times, UMASD remained dedicated to providing exceptional instruction while supporting the emotional needs of its students and parents. UMASD’s teachers, staff, administrators, students and families demonstrated incredible flexibility, transitioning from virtual to in-person learning during the course of the academic year.

2021 EDUCATION RANKINGS

“A” 4,314 Rated School District

Total enrollment – Niche.com 2022

A few of UMASD’s achievements, as shared by teachers, staff and administrators: UMASD’s elementary schools adapted the Positive Behaviour Intervention Support Framework (PBIS) for a virtual learning environment. PBIS is an evidence-based approach to the development of a positive school culture that is built on the premise that behavioral expectations must be positively stated, clearly defined, taught directly and systematically reinforced.

Caley Elementary celebrated its 8th year as a No Place for Hate school, an initiative developed by the Anti-Defamation League that creates inclusive school environments that celebrate diversity, promote respect for differences and challenge bias and bullying.

Upper Merion Area Middle School’s STEM department partnered with Team Flight Control to offer Drone Camp.

Three camps were offered to middle school students and four camps were offered to traditionally underrepresented groups in STEM, including African American students, LGBTQ+, English learners and girls in STEM. The 8th Grade Basil Lemonade Student Entrepreneur project continued for its 5th year. Approximately 350 students participated in 12 student run companies, working in different departments including CEO/CFO, production, farming, traditional and social media marketing, media/documentary and legal. The 5-month project culminated with the production, marketing and sale of 12 original basil lemonade recipes.

During UMAHS College and Career Readiness Day, students in grades 9, 10, and 12 took part in virtual college and career readiness presentations, virtual college visits and resume building. Eleventh grade students were given optimal conditions to take the PSAT in a safe and calming environment with the ability to be eligible for National Merit Scholarships.

The Operations Department completed numerous projects during the pandemic while focusing on the legacy elementary schools. Projects included painting all classrooms in the Middle School, Bridgeport, Candlebrook and Roberts as well as painting most of the other spaces in those buildings including the hallways and cafeterias with festive accent colors. New cafeteria tables, window blinds and carpet were also installed in the legacy elementary schools.

Funding completed for the High School Project with Moody's Aa1 Rating.

UMASD families supported those in need through incredibly fruitful food drives benefitting Upper Merion Area Community Cupboard.

58 2 0 2 2 R E P O R T T O T H E C O M M U N I T Y

28 AREA COLLEGES & UNIVERSITIES

KOP District Initiative

Colleges

UMASD Student Scholarships King of Prussia District is proud to invest in the leaders of tomorrow by supporting the Upper Merion Area School District student scholarship and teacher grant funds each year!

$5,000 DONATED IN 2021

1.

American College

2.

Bryn Mawr College

3.

Cabrini College

4.

Chestnut Hill College

5.

Delaware County Community College

6.

Haverford College

7.

Montgomery County Community College

8.

Philadelphia College of Osteopathic Medicine

9.

Rosemont College

10. Swarthmore College

$20,500 DONATED SINCE 2018

11. The Restaurant School at Walnut Hill College 12. Ursinus College 13. Valley Forge Christian College

Universities

2021/2022 Enrollment School

1.

Arcadia University

2.

Alvernia University, Philadelphia Campus

3.

Delaware Valley University

4.

Drexel University

5.

Eastern University

6.

Immaculata University

7.

La Salle University

Grades

Enrollment

Bridgeport Elementary

K-4

275

Caley Elementary

K-4

398

Candlebrook Elementary

K-4

326

8.

Penn State University, Delaware County

Roberts Elementary

K-4

290

9.

Penn State University, Great Valley

Gulph Elementary

K-4

443

10. Philadelphia University

Upper Merion Area Middle School

5-8

1,293

11. Saint Joseph’s University 12. University of Pennsylvania

Upper Merion Area High School

9-12

1,289

13. University of the Sciences 14. Villanova University 15. West Chester University A C C E L E R A T I N G G R O W T H 59

Community Events King of Prussia will keep your social calendar lively with events throughout the year. From beer festivals to fitness events, there’s always something to do in KOP. Please confirm event details with organizers as info is subject to change.

60 2 0 2 2 R E P O R T T O T H E C O M M U N I T Y

KOP District Initiative

– NEW IN 2022!

KING OF PRUSSIA WELLNESS WEEK Every February

KOP’s thriving health and wellness community comes together for seven days that will take your health and fitness goals to the next level. Flex your shopping muscles with deals on athletic apparel, beauty products, salon treatments, health consultations and coaching and more.

Purchase a Sweat Pass to try out workout classes throughout the week at participating KOP fitness studios and score a swag bag of goodies. Throughout the week, optimize your health with in-person and virtual special events from participating businesses and practitioners, ranging from cooking demos to lectures, wellness assessments to group runs.

The inaugural KOP Wellness Week (Feb. 7-13, 2022), presented by Children’s Hospital of Philadelphia, included participation from 45 businesses. kopwellnessweek.com

KOP District Initiative

– NEW IN 2022!

May 4, May 18, June 1 & June 15, 2022.

KOP Wellness Wednesdays We’re bringing the workout to you! Wellness Wednesdays features pop-up fitness classes in Moore Park and Renaissance Park, taught

by KOP based instructors.

A C C E L E R A T I N G G R O W T H 61

KOP District Initiative

April 4-10, 2022

King of Prussia Restaurant Week & KOP Shops for CHOP KOP Restaurant Week and KOP Shops for CHOP are the region’s only dining and shopping events with a charitable twist. A portion of the proceeds benefit Children’s Hospital of Philadelphia’s King of Prussia Campus.

In 2021, participating businesses raised $68,484 for Children’s Hospital of Philadelphia, bringing our grand total to $220,984 in seven years!

KOP Restaurant Week features prix-fixe twocourse lunch menus and three-course dinner menus from KOP’s best restaurants. In addition, KOP’s fast casual restaurants offer deals and donation days, as do the generous retailers participating in KOP Shops for CHOP, held concurrently. Businesses can also pledge to support CHOP through the Community Champions program, making this campaign a true community-wide fundraising effort. In 2022, Restaurant Week kicks off with a Block Party for CHOP on April 3 from 1-4 PM at King of Prussia Town Center.

koprestaurantweek.com

Takeout Under the Tents In response to the pandemic, King of Prussia District hosted an outdoor dining oasis in the King of Prussia Mall parking lot as part of Restaurant Week in 2021. The beautifully landscaped space featured dining tents and igloos that were available for takeout dining with a reservation and a $15/ pp donation to CHOP. We kept the space lively, hosting Family Fun Day on Saturday, April 17 and live music on Thursdays and Sundays.

712

COVERS OVER 10 DAYS

300+ $13,681

GUESTS WELCOMED AT FAMILY FUN DAY

62 2 0 2 2 R E P O R T T O T H E C O M M U N I T Y

RAISED FOR CHOP THROUGH IGLOO RESERVATIONS AND FAMILY FUN DAY

King of Prussia District Business Networking Series King of Prussia District brings together leaders from a variety of industries to network, explore opportunities for collaboration and stay up-to-date on KOP’s exciting future.

Speaker events focus on industry trends and forecasts and issues impacting communities like KOP across the country.

2022 Business Networking Events • • •

Annual Report Luncheon | March 31 Fall Networking Breakfast | September 15 Holiday Reception | December 15

visitkop.com

KOP District Initiative

King’s Plate: October 6, 2022 Main Event: October 8, 2022

King of Prussia Beerfest Royale King of Prussia District’s award-winning event and the biggest party in the ‘burbs’ features 100+ beers to sample, creative dishes from KOP’s hottest restaurants and the region’s best food trucks, live music, cocktails, a beer garden and more, all under grant tents in the King of Prussia Mall parking lot. During King’s Plate, restaurants and food trucks compete to win the “The Best of Beerfest” as voted on by attendees. Then, things heat up for the Main Event on Saturday, featuring 60+ brewers, live entertainment and a special VIP session.

Nearly 3,000 beer and food lovers joined us for KOP Beerfest Royale 2021!

kopbeerfest.com

KOP District Initiative

Throughout the Spring & Summer

Food Truck Tuesday King of Prussia District invites you to step out of your office to enjoy fresh air, live music and incredible eats from some of the best food trucks in the area. In 2022, we’ll deliver the fun to corporate parking lots during this lively series.

visitkop.com A C C E L E R A T I N G G R O W T H 63

KOP District Initiative

October 24-28, 2022

First Responder Appreciation Week King of Prussia District and Upper Merion Township (UMT) come together to recognize and celebrate UMT’s first responders with complimentary meals from some of KOP’s finest restaurants.

visitkop.com

KOP District Initiative

November 1-30, 2022

Annual Holiday Food Drive

November 14-20, 2022

Our 2021 drive, produced in

Takeout Under the Stars Each year, King of Prussia District and partners host a food drive to stock the shelves of the Upper Merion Area Community Cupboard (UMACC).

The 11th annual food drive was our largest yet and culminated with a day-long event in King of Prussia Town Center called Stuff-a-Truck, where generous donors helped to fill the back of a box truck with food. visitkop.com

partnership with Conlin’s Print, included 23 boxes in 17 different businesses and generated 3,500 lbs of food and $500 for UMACC! In 2022, we’re hosting Takeout Under the Stars, a temporary takeout dining space featuring furnished igloos in KOP Town Center to raise additional funds for UMACC!

64 2 0 2 2 R E P O R T T O T H E C O M M U N I T Y

Community

y

Indoors & Outdoors every Saturday late November to late April

Upper Merion Farmers Market A staple in the community since 2010, the award-winning Farmers Market serves up fresh goods and sustainable products from vendors as far as 100 miles away. The market also hosts seasonal special events. uppermerionfarmersmarket.org

The Vault, The Venue & Valley Beach at Valley Forge Casino Resort Valley Forge Casino Resort offers three unique venues for live performances, bringing top-rated musicians, epic tribute bands, comedians and more to KOP every weekend. vfcasino.com

April 24, 2022

Valley Forge Revolutionary 5-Mile Run® For 15 years, runners and walkers of all levels have laced up for Valley Forge Tourism & Convention Board’s five-mile, USATF-certified course through Valley Forge National Historical Park, the beneficiary of the race.

The “Rev Run,” as many affectionately call it, has raised $500,000 for Park infrastructure improvement projects and programming to enhance visitor experience. valleyforge.org/revolutionary-run

Events at King of Prussia Town Center KOP’s beloved shopping center keeps it bumping with movie nights, live music, fitness pop-ups and seasonal festivals. kingofprussia-towncenter.com

A C C E L E R A T I N G G R O W T H 65

KING OF PRUSSIA DISTRICT

Revenue & Functional Expense Summary Completed copies of the December 31, 2021 audited financial statements by Kreischer Miller for King of Prussia District are available upon request. Contact Julie DeMasi, Manager of Finance & Administration, at julie@kopbid.com.

Revenue Assessment Fees Corporate and Individual Contributions Commuter Shuttle Systems* Corporate Sponsorship Special Events Capital Improvements Interest/Fees Grants* TOTAL REVENUE

2020 $

2021 $

% Change

1,923,218

2,024,951

5.3

9,400

36,000

283.0

6,255,231

4,257,407

(31.9)

14,661

113,393

673.0

198,051

310,166

56.6

-

40,000

-

1,464

837

(42.8)

2,005,132

477,878

(76.2)

$10,407,157

$7,260,632

(30.2)

*Grants revenue represents funding received for construction of Linear Park Phase One. Project was completed in 2021. Transportation revenue decline reflects a corporate fee-for-service contract that ended 09/2021.

Functional Allocation of Expenses

2020 $

2021 $

% Change

Physical Improvements

174,794

493,434

182.3

Marketing & Communications

792,994

888,260

12.0

5,917,560

4,159,567

(29.7)

46,522

27,708

(40.4)

-

-

-

415,431

322,987

(22.3)

91,967

96,379

4.8

$7,439,268

$5,988,335

(19.5)

Transportation Land Use & Zoning Tax Policy Management & General Fundraising TOTAL EXPENSES

All revenues and the Functional Allocation of Expenses reflect audited financial statements from December 31, 2020 to December 31, 2021.

66 2 0 2 2 R E P O R T T O T H E C O M M U N I T Y

Board of Directors

Staff

CHAIR

Eric T. Goldstein

Carol McCoy Radial VICE CHAIR

Bob Hart Simon Property Group TREASURER

Richard Kubach Best Western Plus, The Inn at King of Prussia

President & CEO

Rachel Ammon Director, Marketing & Communications

Chris Basler Director, Capital Projects & Planning

Julie DeMasi Manager, Finance & Administration

SECRETARY

Lea Anne Welsh

Shauna Sanchez

AVE by Korman Communities

Content Marketing Manager

PAST CHAIR

Lauren Sliva

Eric Davies

Events Manager

Wurzak Hotel Group

Ronald Bailey Valley Forge Casino Resort

John Bown III Industrial Investments

Michael Brookshier Keystone Development + Investments

Jeff DeVuono Brandywine Realty Trust

Cheryl Gebeline-Myers Children’s Hospital of Philadelphia

Audrey Greenberg The Discovery Labs

Anthony Hamaday Upper Merion Township

Andrew Horning Bala Consulting Engineers, Inc.

Joseph Mancuso CBRE Global Investors

David McManus The Westover Companies

Steven Powell Kravco Company, LLC

Thank You 2021 Sponsors KOP Restaurant Week

First Responders Appreciation Week

KING OF PRUSSIA

68 2 0 2 2 R E P O R T T O T H E C O M M U N I T Y

10th Anniversary Gala & Awards

KOP Beerfest Royale

visitKOP.com 234 Mall Boulevard, Suite 150, King of Prussia, PA 19406 King of Prussia District’s 2022 Report to the Community was researched and written by King of Prussia District staff and designed by AgileCat. King of Prussia District has made every effort to avoid errors in this publication. View online at visitkop.com/what-we-do/research-publications/.

Stay informed by signing up for King of Prussia District monthly eNewsletters at visitKOP.com.

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