All Access KOP: 2023 Report to the Community

ALL ACCESS KOP

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

King of Prussia District

King of Prussia District engages public and private partners to collaboratively improve the economic environment in King of Prussia through programs and services designed to make the community more vibrant, attractive and prosperous. Established in 2010 by Upper Merion Township (UMT) Ordinance, King of Prussia District is funded by 431 commercial, industrial and multifamily property owners within its 1,965 acre boundary. The organization’s programs and services help drive resident, corporate and investor confidence and are designed to boost property values. Significant revenue increases for the Township, Upper Merion Area School District, Montgomery County and Montgomery County Community College come from the organization’s success.

431 Properties Within the District Boundary

$2.3B

Total Assessed Property Value Within the District Boundary

4,021 Companies Within Upper Merion Township – census.gov 2012

63,578 Employees Within Upper Merion Township – OnTheMap 2019

In 2022, King of Prussia

District assessed property owners contributed significant real estate tax revenue to the local economy:

$898K to Montgomery County Community College

$7.76M to Upper Merion Township

$9.04M to Montgomery County

$49.43M to Upper Merion Area School District

– Montgomery County Information & Technologies Solutions 2023

Mission & Values

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.

Through an exploration process in summer 2022, the staff engaged an outside consultant to help determine individual and company core values. These values drive our organizational work and the way we work with each other and others outside of the organization. We are now operationalizing these values across multiple platforms in the organization including printed and digital collateral, position descriptions and simple day-to-day reminders.

PROGRESSIVE

We realize opportunity, challenge convention and pursue our vision with passion.

DETERMINED

We strive for excellence, produce with purpose and inspire collaborations that strengthen community.

FUN

We value humor and personality as much as accomplishment, create extraordinary experiences and have fun while we get sh*t done!

KOP IN THE NEWS

Most Admired CEOs 2022: Eric Goldstein, King of Prussia District

“King of Prussia has been booming over the past decade. As of 2021, Upper Merion Township added more than $4 billion in new projects, helping transform the community into one of the suburb’s hottest towns.”

– Philadelphia Business Journal

King of Prussia District CEO says area is set up ‘perfectly’ with more development on tap for 2023

“King of Prussia remained a hotbed for development throughout the Covid-19 pandemic, and the building boom is on track to continue into 2023 with several major projects underway.”

– Philadelphia Business Journal

In uncertain office market, Keystone's Glazer says 'future of development is about placemaking'

“The winners, by and large on a market level, are going to be the Conshohockens, the King of Prussias, the urban, walkable, placebased places.”

– Philadelphia Business Journal

MLP Ventures expanding King of Prussia office building to include more life science space

– Philadelphia Business Journal

Life Sciences Pennsylvania moving HQ from Wayne to King of Prussia

– Philadelphia Business Journal

New pharmaceutical ingredients manufacturing plant opens in King of Prussia

– Philadelphia Inquirer

SEPTA approves $125M for KOP Rail project's final design

– Philadelphia Inquirer

King of Prussia Town Center adds new tenants, closes in on 100% occupancy

– Philadelphia Business Journal

100% of King of Prussia District’s operating budget is paid for by private fees, event revenues and corporate sponsorships.

King of Prussia District programs are funded through a special assessment fee made possible by commercial, industrial and multifamily properties within its boundary. The assessment fee is 0.00089 MILS, or approximately 3.05% of the total real estate tax bill for property owners. The millage rate has remained the same since the District was founded in 2010.

Program Plan

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 landscapes 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 researches and analyzes existing tax codes of 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.

2023 is the 13th consecutive year without an increase in the organization’s assessment fee rate.

WEB STATS

VISITKOP.COM

New & Improved

Early in 2022, King of Prussia District launched a new website designed by our creative partner, AgileCat. The site incorporates fresh photography and new features like an interactive development map, small business directory, parks and trails page and information about KOP’s booming healthcare and life sciences scene. Reflecting the District’s expansion, the site now features a page for Renaissance Park, with information about King of Prussia District’s projects to improve this important commercial center.

visitKOP.com

52 blog posts in 2022

12 executives profiled via the KOP Insiders series

Advertising Highlights

HQ KOP

In early 2022, King of Prussia District launched HQ KOP, an advertising campaign targeting the C-Suite and site selection community. Supported by a landing page, HQKOP.com, the campaign highlights KOP’s incredible assets and positioning and showcases KOP as the ultimate destination for meeting, working, recruiting and living. The 2022 campaign included digital ads with the Philadelphia Business Journal and LinkedIn, and a partnership with KYW for their “Headquartered Here” series. Through that promotion, we featured soundbites with executives from companies headquartered in KOP including CSL Behring, Greenphire, Qlik, Eigen X and Center for Breakthrough Medicines. The HQ KOP campaign continues in 2023 with a combination of digital and out-of-home advertising.

KOP Wellness Week

To promote our inaugural KOP Wellness Week, we targeted people living and working in the KOP area with paid ads on Facebook, Instagram, LinkedIn and TikTok. The campaign resulted in 3.6M impressions with a reach of 1.6M people.

KOP Restaurant Week & KOP Shops for CHOP

We used digital and out-of-home advertising to promote the 8th annual KOP Restaurant Week and KOP Shops for CHOP. Facebook and Instagram ads ran for five weeks, yielding 1.3M impressions. Partnering with Carvertise, five cars were wrapped with Restaurant Week creative and drove a combined 7,032 miles throughout the region during our five-week run, yielding over 1M impressions. To reach a new audience, we targeted visitors of the Movie Tavern in Collegeville and the Regal UA in King of Prussia.

KOP Beerfest Royale

We kept it digital to promote our final KOP Beerfest Royale, placing ads with Facebook, Instagram and Google. The campaign resulted in 2.4M impressions with a reach of 314,870 people.

KOP Takes Out Hunger Food Drive & Igloo Garden on the Green

To promote our annual food drive and pop up dining installation, we invested in paid ads on Facebook and Instagram, resulting in 412,669 impressions. Through a partnership and gift card giveaway with B101, we reached an additional 497,600 people in the tri-state area.

The 12-week campaign with KYW for HQ KOP reached an estimated 2.2M people across the tri-state area.

See the Community Events section for more information about these and other events produced by King of Prussia District.

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.

Now Complete

20.

22.

24.

Projects 2023 and Beyond

27.

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

Renaissance Park

1400 N. Outer Line Dr.

800 Mancill Mill Rd.

440 Crossfield Rd.

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.

850 Mancill Mill Rd. Mancill Mill Townhomes

160 N. Gulph Rd.

Saulin Blvd. & Dekalb Pk.

180 N. Gulph Rd.

Moore Park

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.

Moore Park

Renaissance Park

Moore

ADVANCED THERAPIES PARK

Located on the same campus as Innovation 411, Innovation 511 and Innovation 611 will make up Advanced Therapies Park, MLP Ventures’ 2.8M SF R&D and cGMP Manufacturing campus. Designed for life sciences, each building will have a rooftop mechanical penthouse for critical life sciences infrastructure as well as 20’ clear ceiling heights.

manufacturing and office space across ten build-to-suit buildings ranging from 130,000 to 400,000 SF with over 3,000 new parking spaces. Buildings can be combined for a larger footprint.

R&D labs and cGMP manufacturing space across five buildings ranging in size from 100,000 to 300,000 SF with over 2,500 new parking spaces. Buildings can be combined for a larger footprint.

201 S. Gulph Rd.

Industrial Investments is proposing a 144,040 SF distribution warehouse at 201 S. Gulph Rd. Formerly home to American Reading, the new building features excellent visibility from the Schuylkill Expressway, 33 tailgate doors, two drive-in bays and 36’ ceilings. The property will also include 29 trailer parking spaces and 150+ car parking spaces.

500 American Ave.

Built in 1965 and renovated in 2022, the former Amazon Distribution Center on 500 American Ave. is now available for lease. The 121,500 SF building sits on 8.3 acres and features 23’-24’ ceilings, three drive-in bays and 12 exterior dock doors.

Mediplex King of Prussia

Mediplex Property Group’s complete renovation of the existing 16,000 SF building will be home to a new reproductive medical center with a state-of-the-art surgical suite, laboratory and medical offices. The facility is scheduled to open in 2023.

Moore Park

230 Mall Blvd. Lockheed Martin

Maryland-based Lockheed Martin plans to add to its 90-acre King of Prussia campus with a new two-story 55,000 SF research and testing building alongside its existing 784,000 SF building. Plans also call for extensive landscaping along Goddard Blvd., including heavily-landscaped stormwater basins.

555 Flint Hill Rd.

EQT Exeter’s proposed 112,500 SF building will be a modern warehouse space that features 36’ clear height with a solarready TPO roofing system and 16 dock positions.

Maurice Stephens House in Valley Forge National Historical Park

Valley Forge Park Alliance (VFPA) is working with the National Park Service to reposition this long-vacant building into the VFPA headquarters. The Maurice Stephens house is set in the Grand Parade, the location of the formation of the Continental Army during the American Revolution. When complete, the project will also house a public coffee shop with a deck overlooking the spectacular, and recently restored, meadow. The $1M project is expected to open in late 2023.

Vimco Inc.

Family owned and operated since 1960, Vimco Inc. a manufacturer and distributor of construction supplies and accessories, is building a new 24,000 SF manufacturing facility in 2023.

446/456/588 Swedeland Rd.

EQT Exeter’s proposed 150,000 SF building will be a modern warehouse space that features 36’ clear height with a solar ready-TPO roofing system and 29 dock positions to meet distribution and warehousing needs.

250 Hansen Access Rd.

COMMERCIAL REAL ESTATE & EMPLOYMENT

Total Employee Trips

At 6.7M trips, 2022 traffic represents 2/3 of pre-pandemic levels (2019). Most importantly, trips increased consistently throughout 2022, indicating a more normal return to historical work patterns in 2023.

Total Trips

53,037

63,578

60,586 WORKERS COMMUTE INTO UPPER MERION

13,982 RESIDENTS COMMUTE TO JOBS OUTSIDE UPPER MERION

2,992 RESIDENTS LIVE AND WORK IN UPPER MERION

In the past five years, the number of employees that are residents of KOP increased by 5%. This is a reflection of the desirability of new housing constructed since 2015 and a welcomed stat as more people living and working in KOP reduces traffic and congestion and helps support the local retail and dining community.

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, 63,000+ SF of corporate meeting and event space, five hotels, 561 units of new luxury housing, Valley Forge Casino Resort, Topgolf (opening 2023), 3.6M+ SF of commercial and industrial space, and a number of notable companies including GeoBlue, Radial, Arkema, CSL Behring, PSI Pharma and more. Moore Park is an economic powerhouse in the suburban Philadelphia region.

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 landscaped medians and planting beds installed between 2014-2019

• Phase One of the First Avenue Linear Park complete in 2021

• Phase Two of the First Avenue Linear Park complete in spring 2023

• Moore Road Multimodal Trail Study complete in spring 2023

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, Vertex, Purolite and Recovery Centers of America. The Discovery Labs and GSK are immediately adjacent to Renaissance.

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

• In fall 2021, 2,200 linear feet of landscaped medians installed along Renaissance Blvd.

• Wayfinding Master Plan complete in 2022

• Improved gateway signage complete in spring 2023

• Renaissance Boulevard Pedestrian connection to Hughes Park Station complete in spring 2023

KOP District Initiative

COMMERCIAL OFFICE STATISTICS

6,469,702

8,374,309

6,405,315 INDUSTRIAL

4,186,722

827,671

TOTAL COMMERCIAL PROPERTY 28,697,344 SF

TOTAL COMMERCIAL PROPERTIES 668 AGGREGATE COMMERCIAL PROPERTY VACANCY 5.7%

Does not include multifamily

HOSPITALITY & ATTRACTIONS

Double Down on a Good Time

The region’s only full-amenities gaming resort, Boyd Gaming’s Valley Forge Casino Resort (VFCR) boasts a 40,000 SF floor featuring 850 of the most popular slot machines and 50 table games. 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 nightlife options, from tribute acts to comedy shows. With nearly 450 hotel rooms, a seasonal outdoor pool, and six dining options, you can make a weekend out of it!

#3

In the state for total revenue in 2022

$601M Revenue in 2022 Up 27.5% from 2021 at $471M – Pennsylvania Gaming Control Board on Revenue by Operator for Retail Slot Machines, Sports Wagering, Retail Table Games, and iGaming.

2022 Hotel Stats

670,326 hotel rooms booked in 2022

Saturday was the highest hotel occupancy at 69.2%

Average weekend occupancy 66.15%

Average weekday occupancy 48.2%

The King of Prussia region accounted for 34.5% of hotel room demand and 34.9% of hotel room revenue within Montgomery County – STR Trends Report 2023 Data from Valley Forge Casino Resort & Conference Center is not included.

ENTERTAINMENT

Whether you’re planning date night, a corporate team-building experience or a group hang, KOP’s got you covered!

Brewery Tours & 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

Cork & Candles

iFLY Indoor Skydiving

King Shooters Supply

Shoot Indoors King of Prussia

Sur La Table Cooking Classes

Thrillz High Flying Adventure Park

Nightlife

The Venue

Valley Beach

Movie Theater

Regal UA King of Prussia 4DX & IMAX

Destination Wellness

Home to prominent medical institutions and a thriving health and wellness community of 100+ businesses, look no further than KOP to live your best life. From kickboxing to crossfit and everything in between, there are plenty of fitness options to help you with your 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 tournaments and sporting events.

Fresh Air Fitness

Upper Merion Township has 35 parks and open space areas to explore. Lace up your sneakers and hit the Schuylkill River West Trail, a multi-use, 2.2-mile trail and greenway that runs through the Township (complete trail will be 15.5 miles). 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 the 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 over 35 miles of trails. Historical storytellers and incredible year-round events bring the past to life for the more than 1.9M people who visit the park each year.

In February 2022, Valley Forge National Historical Park opened a new museum exhibition about the 17771778 winter encampment featuring many Revolutionary War artifacts. Accompanying the artifacts are new accessible display panels, interactive videos, a toy log hut building activity and a complete audio walkthrough for visually impaired visitors. The new exhibition marks the end of an extensive renovation to the park’s Visitor Center.

King of Prussia District was proud to contribute $75,000 in November 2022 to Valley Forge Park Alliance for their $1M proposed adaptive reuse of the Maurice Stephens House at Valley Forge National Historical Park. The gift was made possible through King of Prussia District reserves generated from private shuttle service management. For more information on the project, see the Economic Development section.

ANNUALLY OVER THE PAST DECADE.

VALLEY FORGE NATIONAL HISTORICAL PARK WELCOMED AN AVERAGE OF 1.92M VISITORS

RETAIL & DINING

KING OF PRUSSIA MALL

Simon Property Group’s 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.

KING OF PRUSSIA TOWN CENTER

King of Prussia Town Center attracts hordes of eager shoppers and diners drawn to the urban vibe with suburban ease. Anchored by Wegman’s and centered in 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 and Michael's Craft Store and is also home to locally-owned eateries Peppers by Amedeo’s and the King of Prussia Tavern.

DEKALB PLAZA

The 101,911 SF outdoor shopping center is home to a wide range of retailers including Bob’s Discount Furniture, Hobby Lobby and 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, Duluth 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 across four multistory buildings.

TOTAL KING OF PRUSSIA RETAIL SPACE:

202 Properties

6,469,702 SF

3.2% Vacancy

KING OF PRUSSIA MALL

92.3% of pre-pandemic trip levels

#1 KOP MALL DESTINATION

NORDSTROM

Over 1.7M visits in 2022

KOP TOWN CENTER

90.3% of pre-pandemic trip levels

#1 TOWN CENTER DESTINATION

WEGMANS

2.1M visits in 2022

– Placer.ai 2023

Restaurants Now Open in KOP

Capital

Pizzeria Vetri Pressed

PrimoHoagies

Pure Roots Provisions

Day

King of Prussia Grille

Kong Dog

Spread Bagelry

Stir Fry 88

Taku Japanese Steakhouse

Retailers Now Open in KOP

Akira Allbirds

Arabian Oud

Attya

Bonefly

Brick

Bucherer

Buff

Burberry Lola Pop Up

Lidl

Marc Jacobs

Mavis

MINISO Moghant Omega Papaya

PureNaissance

PXG Philadelphia

Savage Fenti

Dolce&Gabbana

Gilly

Restaurants Coming

Retailers Coming

HEALTHCARE & LIFE SCIENCES

The Discovery Labs

Once complete, The Discovery Labs will be one of the largest privately held life sciences real estate portfolios in the United States, totaling over 4.5M SF on over 300 acres across four segments: Innovation 411 is the 1M SF former GlaxoSmithKline Research and Development headquarters recently converted to cGMP labs and manufacturing. Innovation Renaissance is an 800,000 SF life sciences campus located across the street at Renaissance Park. Advanced Therapies Labs, consisting of Innovation 511 and Innovation 611, is under development to deliver 2.7M SF.

The 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, Proteovant Therapeutics and Center for Breakthrough Medicines.

By 2025, there will be over 2,500 employees based at companies in the The Discovery Labs portfolio. Over $3.5B will be invested across the portfolio over the next 10+ years with over $1B of that invested in lab and life science infrastructure alone. Nearly $500M has, or will be, invested over the next year.

Center for Breakthrough Medicines

The Center for Breakthrough Medicines (CBM) is a cell and gene therapy focused contract development and manufacturing organization (CDMO) headquartered at The Discovery Labs. Over 500,000 SF and growing, 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 at $350M 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 400 employees at their location in The Discovery Labs.

A Selection of KOP’s Healthcare Hot Spots

From global leaders in pediatrics, to women’s healthcare pioneers and a handful of specialized medical centers, King of Prussia is home to some of the best medical care in the region.

Children’s Hospital of Philadelphia (CHOP)

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.

200

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.

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.

Main Line Health

Offering services in over 15 medical specialities, Main Line Health KOP provides patients 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.

Philadelphia Hand to Shoulder Center

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.

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.

550 S. Goddard Blvd.

950 Pulaski Dr.

120 Valley Green Ln.

Mall Blvd.

234 Mall Blvd.

PHYSICAL IMPROVEMENTS

RENAISSANCE PARK EXTERIOR SIGNS AND WAYFINDING

King of Prussia District engaged D2 Branding to develop an exterior wayfinding and signage master plan for Renaissance Park, culminating in new sign design guidelines and a comprehensive wayfinding system in 2022 for this burgeoning mixeduse district. With input from stakeholders, this placemaking effort includes the design and construction of new gateway and wayfinding signage throughout the business park. The first set of signs were installed at the beginning of the year at Renaissance Park entrances while the next set of directional signs inside the commercial district will be installed by year’s end.

MEDIAN IMPROVEMENTS

Since 2011, King of Prussia District planted and now maintains seven acres of vibrant landscapes in 43 locations. Landscaped projects now include 170 trees, 2,454 shrubs, 25,128 perennials, 15,100 bulbs and 6,818 ornamental grasses. This beautiful and sustainable vegetation includes bluestars, chokeberry, purple coneflower, Russian 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.

Over the past 12 years, King of Prussia District invested more than $7.2M in general operating revenue or grant monies to fund the design, construction and maintenance of these physical improvements and recreational amenities.

KOP District Initiative

KOP District Initiative

KING OF PRUSSIA BEEHIVE

A new pilot project in Moore Park caused quite a buzz! King of Prussia District partnered with Alveole, a commercial beekeeping group, to install a new hive along the Linear Park at 935 First Ave. From May through December, the beehive and beekeepers were very active, reaching up to 50,000 inhabitants at the height of the season, all working to maintain the colony and harvest the extra honey. Over the summer and fall, King of Prussia District sponsored two free workshops and seven hiveside sessions for the public to get hands-on experience. In December we distributed the fruits of our honey bees’ labor at the Moore Park Pop-up Cafe, handing out 150 sample jars of honey harvested from the hive. King of Prussia District looks forward to next season for the Moore Park Beehive and the new Renaissance Park Beehive, coming in 2023.

KOP District Initiative

MOORE PARK PING-PONG TABLE

In addition to constructing multimodal paths, King of Prussia District partners with property owners along the Linear Park to add public amenities. In 2022, we were thrilled to add the Linear Park’s first active amenity, an outdoor ping-pong table. This new recreational feature at 935 First Ave. was installed in October and debuted at the inaugural Moore Park PingPong Tournament and Pop-up Beer Garden. The event drew players and spectators for a fun night of free ‘pong, beer and pizza. The table is now open to the public with play sets distributed to Linear Park property owners and the Upper Merion Community Center.

KOP District Initiative

“KING OF PRUSSIA BEEHIVE.”

TRANSPORTATION

FIRST AVENUE LINEAR PARK

King of Prussia District introduced a new multimodal trail along First Avenue in 2020. The Linear Park allows employees, residents, and visitors to walk or bike this mixed-use corridor in Moore Park. Park amenities include a paved multimodal path, public seating areas, a ping-pong table, rain gardens, pedestrian lighting, trash receptacles and new bus shelters. 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 was completed on six additional parcels in 2023. The goal of creating a contiguous path along First Avenue between Allendale and N. Gulph Rd. is beginning to take shape. The $2M Phase Two project includes a precast concrete boardwalk along Trout Creek near the intersection of American Ave. and First Ave. Phase Three is currently in the design and engineering phase and expected to be complete by the end of 2024.

The First Avenue Linear Park is made possible by the generous contributions of public bikeway easements from commercial property owners in Moore Park. This new public amenity is managed by the King of Prussia District with Phase One funding provided by a $2.4M multimodal federal and state grant administered by PennDOT with a $100,000 grant from Montgomery County. Phase Two was funded by King of Prussia District for design and construction grants totaling $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.

Linear Park/Demonstration Park Grants & Contributions

DVRPC TCDI Linear Park/Demonstration Park Concept Design

Local Share Grant for Demonstration Project

Corporate Contributions for Demonstration Project

PennDOT Multimodal Fund

PennDOT TIIF-STP Fund

2018 MONTCO 2040 Implementation Grant

PA Department of Community & Economic Development MTF

PA Redevelopment Assistance Capital Program

2020 MONTCO 2040 Implementation Grant

2022 MONTCO 2040 Implementation Grant

Road Diet Grants

Road Diet Study – DVRPC TCDI Road Diet TAP Grant

TOTAL

$25,000 $430,856 $455,856

Property owners along the Linear Park make a yearly contribution to support the Linear Park’s maintenance and programming. In 2022, we hosted:

2 POP-UP CAFES

2 WELLNESS WEDNESDAY WORKOUTS

2 FOOD TRUCK TUESDAY EVENTS

2 BEE WORKSHOPS

1 PING-PONG TOURNAMENT

1 POP-UP BEER GARDEN

Infrastructure Enhancements

CHESTER VALLEY TRAIL EXTENSION

Montgomery County started construction in 2020 on this 3.5-mile link between the Chester Valley and Schuylkill River Trails. The paving and installation of two trail bridges over S. Gulph and Henderson Rds. were complete in 2022 and the project is expected to open in early 2023. This segment provides access through Upper Merion Township, Bridgeport and Norristown Borough and connects the 14-mile Chester Valley Trail from Exton to the Schuylkill River Trail that runs from Philadelphia to Reading.

CROW CREEK TRAIL

Upper Merion Township completed construction on the multimodal trail along Crow Creek in 2022. This new trail connects Walker Field to Bob Case Park and the Schuylkill River West Trail and features a continuous multi-use pathway with ADA-compliant crossings at roadway intersections. The trail joins residential, civic, retail centers and schools from King of Prussia Mall to W. Beidler Rd. Upper Merion received a grant from the state to create this two-mile multimodal corridor.

SCHUYLKILL RIVER WEST TRAIL

In 2022, Upper Merion Township completed the final section of a 2.2-mile section of trail that begins at Sullivan's Bridge and ends at Abrams Mill Rd. & W. Beidler Rd. in Bob Case Park. This wide paved trail roughly parallels the southern side of the Schuylkill River and provides residents, employees and visitors of Upper Merion Township/King of Prussia direct access to VFNHP via a paved connection underneath Route 422.

PLACEMAKING PARTNER INITIATIVE

King of Prussia District invites property owners to create amenities that promote a return-to-office. 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 reimburse well-designed improvements that develop pedestrian corridors, promote accessibility, generate investment in sustainable modes of transportation, enhance aesthetics in mixeduse districts and produce dynamic places for employees, residents and visitors to enjoy.

RENAISSANCE PARK PEDESTRIAN GATEWAY

In 2022, King of Prussia District, in partnership with Renaissance Park property owners, constructed a new pedestrian connection between the business park and SEPTA’s Hughes Park Station. The new pedestrian path addresses 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, designed the $100,000 project. The project includes a new 10-foot wide paved path, seating areas, planting beds, trash receptacles and pedestrian lighting. The project will be complete in early 2023.

KOP District Initiative

KOP District Initiative

NORTH GULPH ROAD

Several local organizations are working on plans to design and build a multimodal trail connection on N. Gulph Rd. to connect The Village at Valley Forge with Valley Forge National Historical Park (VFNHP). The concept includes tying in the First Avenue Linear Park to provide seamless connections for pedestrians and cyclists between Moore Park, the Village and VFNHP. King of Prussia District will lead the initial planning efforts in 2023.

CONNECTIVITY STUDY IN RENAISSANCE PARK

The next phase of pedestrian improvements in Renaissance Park will be outlined in a new connectivity study in 2023. The study will engage property owners, businesses and stakeholders to outline pedestrian and bicycle infrastructure improvements that connect properties within the commercial district. This project stems from the 2020 Renaissance Park Stakeholder Engagement Study by King of Prussia District recommending multimodal and access improvements.

TRANSPORTATION ACTION PLAN

Beyond SEPTA’s King of Prussia Rail Extension, we are eager to explore more opportunities to advance important transportation improvements, including the proposed PA Turnpike slip ramps at Valley Forge Interchange and Henderson Rd. and the N. Gulph Rd. multimodal trail connecting VFNHP to The Village at Valley Forge, S. Warner Rd., Devon Park Dr. and the Chester Valley Trail. King of Prussia District is engaging a consultant to create a transportation action plan to outline and prioritize projects by identifying need, impact, funding sources and partners.

MOORE ROAD STUDY

With Phase One and Phase Two of the First Avenue Linear Park complete, King of Prussia District turns its attention to Moore Rd. with an eye towards extending the Linear Park down both sides of the road. The Moore Road study also addresses opportunities to connect the project to the recently completed Schuylkill River West Trail. Completing this segment will provide a direct connection into VFNHP. Simone Collins Landscape Architecture & Planning of Norristown, PA is the lead on this project. The final report was released by King of Prussia District in early 2023.

Perkiomen Trail

KOP District Initiative

KOP District Initiative

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)

KING OF PRUSSIA RAIL

King of Prussia Rail (KOP Rail) is a proposed four-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 employment 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.

PROJECT UPDATES

•

30% Design Work Completed in 2022

SEPTA and HNTB released 30% design work in 2022. This phase of the project refined the overall design and addressed 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, comments at the public hearings, coordination with affected property owners and engineering criteria, as well as existing land use and future economic development opportunities.

•

Entry into Federal CIG 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 Communities Planning Grant

SEPTA continues to utilize a Federal Transit Administration grant to analyze future land use and potential connections around KOP Rail’s five planned stations. The lead consultant, Stantec, conducted a series of community open houses to gather input on development opportunities around the rail extension.

• In 2022, SEPTA’s Board of Directors allocated $390M towards the project from its capital budget. This allocation of funds is intended to help with land and right-of-way acquisition in advance of the projected project start in 2025.

For more information and renderings, visit KingofPrussiaRail.com

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.

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 2017, 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.

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

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.

2022 SUPPORTERS

Drexel University

Kravco Company LLC

Radial

The Chamber of Commerce for Greater Philadelphia

Simon Property Group

Universal Health Systems

Valley Forge Tourism & Convention Board

Villanova University

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

2022 KOP Rail Coalition Advertising

King of Prussia District continues to manage the Coalition's marketing and advertising efforts. The 2022 campaign featured a new tagline, "Together We Ride", and included placements on digital billboards, bus shelters and ads in stations along SEPTA’s Norristown Regional Rail Line and within 320 rail cars in SEPTA’s Regional Rail fleet. Online, the Coalition targeted adults within a 20-mile radius through Google display ads.

LAND USE & ZONING

As part of King of Prussia District’s Land Use program, we worked with the Township in 2014 to create a mixed-use district (KPMU) in the former King of Prussia Business Park (Moore Park). The mixed-use district permits property owners to develop multifamily projects along with service, retail and professional services. In 2022, the Township added hospitals as a by-right use in the KPMU. Since the creation of the KPMU, two extremely successful residential projects were completed: Park Square and SKYE 750.

Upper Merion Township is working on several land use documents that the District supports and believes are critical to the future planned growth of the community. They include:

UPPER MERION 2040 COMPREHENSIVE PLAN

In 2019, Upper Merion Township contracted the Montgomery County Planning Commission to help them update their comprehensive plan. While the document has yet to be approved, it does outline critical infrastructure improvements and smart growth strategies to help the Township manage a growing residential and employment population.

TRANSIT-ORIENTED COMMUNITIES PLAN

SEPTA received a Federal grant to study land uses surrounding the proposed five KOP Rail stations in the Township. Stantec, a multidisciplinary firm based out of Canada, completed the study that included several open houses to gather public input.

MOORE PARK MASTER PLAN

Upper Merion Township hired the Montgomery County Planning Commission to complete a Master Plan for Moore Park. The Master Plan has recommendations for future development throughout Moore Park, planning around future KOP Rail stations and concepts for improving multimodal accessibility.

King of Prussia District will continue to advocate for these plans to be passed by the Township.

RENAISSANCE PARK, GSK, AND DISCOVERY LABS STAKEHOLDER ENGAGEMENT

In 2020, King of Prussia District and Upper Merion Township expanded the business improvement district 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.

TAX POLICY

Every five years, King of Prussia District performs a location analysis of the largest commercial centers in the Philadelphia suburbs to measure our total tax burden on businesses of varying sizes and industries relative to competitive jurisdictions. The 2022 report showed that Upper Merion Township ranked third lowest in terms of total tax burden on business. This ranking is the culmination of more than a decade where Upper Merion has not raised real estate taxes thanks, in large part, to its substantial commercial tax base relative to neighboring jurisdictions.

“COMPETING AGAINST LOW COST, LOW AMENITY JURISDICTIONS AND HIGH COST, HIGH AMENITY JURISDICTIONS IN THE REGION, UPPER MERION TOWNSHIP IS WELL POSITIONED AS A LOCATION OF CHOICE BECAUSE IT OFFERS WHAT EMPLOYERS AND EMPLOYEES WANT WHILE SUSTAINING A LOW TAX BURDEN.”

– Econsult Solutions, Inc.

COMMUNITY & HOUSING

A+ Overall Niche Grade

COMMUNITY ASSETS

Upper Merion Township is rich with assets and community services that make it an ideal location to live and work. For more information, visit umtownship.org.

431 W. Valley Forge Rd. Upper

Merion Community Center

2022 Rankings #4 Best suburbs for young professionals in Pennsylvania #22 Best suburbs to live in Pennsylvania #27 Best places to live in Pennsylvania

$90,136 Median Household Income $327,000 Median Home Value $1,539 Median Rent

– Niche.com 2023

The Upper Merion Community Center is a 70,000 SF, state-of-the-art facility offering residents and non-residents 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 work members of the Montgomery County Guild of Professional Artists.

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.

431 W. Valley Forge Rd. Upper

Upper Merion Community Garden at Sunny Hill Farm

Founded in 2018, the community garden provides a collaborative and community garden space to share produce with those in need and provides 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.

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.

Nor-View Farm

Nor-View is a real working farm operated by the Township, complete with a plant nursery, mini farm, 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

The 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 response of Township schools, municipalities, businesses, communities of faith and caring neighbors to strengthen the most vulnerable in the community.

Upper Merion Park Partners

Upper Merion Park Partners is a program that provides residents, organizations and businesses with opportunities to protect and enhance the Township’s 35 parks and open spaces, and educates people about the importance of parks and open spaces.

135 E. Valley Forge Rd.

431 W. Valley Forge Rd.

670 N. Henderson Rd.

Multifamily Properties in Upper Merion Township

1. 251 Dekalb

2. 575 South

3. Abrams Run Apartments

4. AVE King of Prussia

5. The Brownstones

6. Canvas Valley Forge

7. Courtside Square Apartments & Suites

8. Gulph Mills Village

9. The George Apartments

10. Cirro King of Prussia

11. The Point at King of Prussia

12. Henderson Square Apartments

13. Indigo 301

14. Kingswood Apartments & Townhomes 15. The Lafayette at Valley Forge

EDUCATION

A Smart Addition to Upper Merion Area School District

In August 2022, Upper Merion Area School District opened the doors to a 300,000 SF, $150M state-of-the-art high school, serving students from 6th through 12th grade. The award-winning building features a three-story academic wing with a STEAM based center and multiple project and team-based spaces. The facility also features an indoor track, indoor pool, fitness center, a 650-seat performing arts complex, and a two-story student commons which is utilized for multiple activities throughout the day. The District is in the process of demolishing the old high school, where they will install new turf fields.

SELECT UMASD 2022/2023 ACCOMPLISHMENTS

• Moody's upgraded Upper Merion Area School District’s Credit Rating to Aaa from Aa1. UMASD became one of seven Districts in Pennsylvania and one of 91 Districts in the Country to earn this top tier credit rating. The District saves millions of dollars in interest expense as a result of its strong credit rating.

• All seven UMASD schools implemented Positive Behavioral Interventions and Supports (PBIS) with fidelity. PBIS is an evidence-based, tiered framework for supporting students’ behavioral, academic, social, emotional and mental health. When implemented with fidelity, PBIS improves social emotional competence, academic success and school climate.

2022 EDUCATION RANKINGS

4,398

Total enrollment

DESIGN AWARDS

Upper Merion Area High School Rankings Top 50

27 Area Colleges & Universities COLLEGES

Bryn

Chestnut Hill College

Delaware County

Community College

Haverford College

Montgomery County

Community College

Philadelphia College of Osteopathic Medicine

Rosemont College

Swarthmore College

Ursinus College

Walnut Hill College

UNIVERSITIES

Arcadia University

Cabrini University

Delaware Valley University

DeVry University

Drexel University

Eastern University

Immaculata University

La Salle University

Penn State University, Brandywine

Penn State University, Great Valley

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!

Saint Joseph’s University

Thomas Jefferson University

University of Pennsylvania

University of Valley Forge

Villanova University

West Chester University

Widener University

COMMUNITY EVENTS

Please confirm event details with organizers as info is subject to change.

KING OF PRUSSIA WELLNESS WEEK ANNUALLY

Take your goals to the next level with this annual celebration of KOP’s health and wellness scene. Flex your shopping muscles with deals on athletic apparel, beauty products, salon treatments and more. Purchase a Sweat Pass to try out different KOP fitness centers throughout the week and score a swag bag of goodies. Optimize your health with special events all week.

kopwellnessweek.com

2022 WELLNESS WEEK HIGHLIGHTS

• 45 participating businesses

• 27 virtual and in-person events

• 6 participating gyms

• $100 worth of products and samples in Sweat Pass swag bags

2022 Wellness Week was featured on FOX’s Good Day Philadelphia.

New in 2023, Wellness Week kicked off with a free event at KOP Mall featuring workouts, product samples and demos from participating businesses.

KOP WELLNESS WEDNESDAYS

MAY 3, MAY 17, MAY 31 & JUNE 14, 2023

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

kopwellnessweek.com

85 people attended Wellness Wednesdays workouts in 2022.

KOP District Initiative

KOP District Initiative

KOP District Initiative

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. New in 2023, KOP Network@Nite events combine informal networking with a unique KOP experience!

visitKOP.com

2023 BUSINESS NETWORKING EVENTS

• KOP Network@Nite | May 4 & September 7

• Annual Report Luncheon | March 30

• Holiday Reception | December 15

KING OF PRUSSIA RESTAURANT WEEK & KOP SHOPS FOR CHOP

MARCH 13–24, 2023

Block Party for CHOP

APRIL 30, 1–4 PM, 2023

Produced by King of Prussia District each spring, KOP Restaurant Week and KOP Shops for CHOP are the region’s only dining and shopping events with a charitable beneficiary, Children’s Hospital of Philadelphia (CHOP). KOP Restaurant Week features prix-fixe two-course 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 pledge to support CHOP through the Community Champions program, making this a true community-wide fundraising event.

IN 2022, PARTICIPATING BUSINESSES RAISED $69,140 FOR CHILDREN’S HOSPITAL OF PHILADELPHIA, BRINGING OUR GRAND TOTAL TO $290,124 IN EIGHT YEARS!

KOP District Initiative

KING OF PRUSSIA BEERFEST ROYALE

NEARLY 3,000 BEER AND FOOD LOVERS JOINED US IN 2022 FOR THE FINAL KOP BEERFEST ROYALE!

Cheers to 11 wonderful years and big thanks to longtime presenting sponsor Budget Maintenance!

FOOD TRUCK TUESDAY

MAY 9 & 23, JUNE 6 & 20,

SEPTEMBER 12, OCTOBER 3, 2023

Escape the office during your lunch break! King of Prussia District brings incredible eats from area food trucks, live music with local artists and a gaming zone to different parking lots throughout KOP. visitKOP.com

FIRST RESPONDERS APPRECIATION WEEK

OCTOBER 23–27, 2023

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

205 MEALS SERVED TO FIRST RESPONDERS IN 2022!

$3,000 DONATED TO UMT’S DEPARTMENT OF PUBLIC SAFETY THANKS TO THE GENEROSITY OF SPONSORS!

KOP TAKES OUT HUNGER FOOD DRIVE

NOVEMBER 1–30, 2023

Igloo Garden on the Green

NOVEMBER 7–14, 2023

King of Prussia District and Conlin’s Print partner up for a month-long community-wide food drive benefiting Upper Merion Area Community Cupboard (UMACC). In addition to collecting food, King of Prussia District hosts Igloo Garden on the Green, a dreamy takeout experience in KOP Town Center to raise money for UMACC. For one week only, six beautifully furnished igloos will take center stage in Town Center’s green space. These magical igloos are available by reservation only, with a per-person donation to UMACC. visitKOP.com

The 2022 Food Drive included 30 boxes in 23 locations throughout KOP and generated 3,262 lbs of food!

KOP District Initiative

UPPER MERION FARMERS MARKET

OUTDOORS EVERY SATURDAY MAY THROUGH NOVEMBER

INDOORS & OUTDOORS EVERY SATURDAY LATE NOVEMBER TO LATE APRIL

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 VENUE & VALLEY BEACH AT VALLEY FORGE CASINO RESORT

Valley Forge Casino Resort offers two unique venues for live performances, bringing top-rated musicians, epic tribute bands, comedians and more to KOP every weekend. vfcasino.com

CONCERTS UNDER THE STARS

SUNDAYS LATE-MAY THROUGH AUGUST

This iconic, free concert series at the Upper Merion Township Building Park features a beer garden, food vendors and a family-friendly atmosphere. umtownship.org

VALLEY FORGE REVOLUTIONARY 5-MILE RUN ®

APRIL 16

For 17 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” has raised $550,000 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

2021 & 2022 REVENUE & FUNCTIONAL EXPENSE SUMMARY

*Notes: Transportation revenue decline reflects a corporate fee-for-service contract that ended 9/2021.

2021 vs 2022 Revenue & Expense Summary

All revenues and the Functional Allocation of Expenses reflect draft audited financial statements from December 31, 2021 and December 31, 2022. The reduction in Transportation expenses is due to a private shuttle management contract that expired in September 2021.

Completed copies of the December 31, 2022 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.

Board of Directors

CHAIR

Lea Anne Welsh

Ave by Korman Communities

VICE CHAIR

Eric Davies

Wurzak Hotel Group

TREASURER

Richard Kubach

Best Western Plus, The Inn at King of Prussia

SECRETARY

Bob Hart

Simon Property Group

PAST CHAIR

Carol McCoy

Ronald Bailey Valley Forge Casino Resort

John Bown III

Industrial Investments

Michael Brookshier

Keystone Development + Investment

Jeff DeVuono Brandywine Realty Trust

Staff

Eric T. Goldstein

President & CEO

Rachel Ammon

Director, Marketing & Communications

Chris Basler

Director, Capital Projects & Planning

Julie DeMasi

Manager, Finance & Administration

Shauna Sanchez

Content Marketing Manager

Lauren Sliva

Events Manager

Cheryl Gebeline-Myers

Children’s Hospital of Philadelphia

Audrey Greenberg The Discovery Labs

Anthony Hamaday Upper Merion Township

Andrew Horning Bala Consulting Engineers, Inc.

Peter Karakelian The Autowash Group, Inc.

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