Suburban New Construction & Proposed Multifamily Projects
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Philadelphia - Suburban New Construction & Proposed Multifamily Projects 1Q19 ID PROPERTY UNITS 45 Burlington Dream 360 46 Broad Street 62 47 10 Skye 750 248 47 Easton & Durham 192 46 12 Promenade at Upper Dublin, The 402 48 Elmhurst Gardens 115 14 Smith Valley Forge, The 320 49 Sellersville Senior Residences 50 15 Madison Lansdale Station 181 50 Sanatoga Green 490 16 Residences at Bentwood, The 261 51 Wynstone 700 Total Under Construction 1,412 52 Phoenixville Senior Housing 50 53 Forty Foot Road Subdivision 375 18 Limerick Town Center 160 54 Hillstone 51 48 19 Residences at Providence Town Center 656 55 Mainland Pointe 60 49 20 Limekiln Golf Club Residential 56 Willow Grove Air Base 500 Subdivision 475 Redevelopment 21 Walnut Crossing 210 57 Ambler Crossings 115 22 St. Mary's Villa 250 58 Longfield Farm Townhomes 60 23 2501 Renaissance Blvd 290 59 401 Washington Street 285 51 26 24 2901 Renaissance Blvd 300 60 Bridgeview 250 54 25 Kennedy Kenrick Senior 206 61 Hanover Village 390 26 University Village 147 62 Montgomery Park Phase II 50 53 55 41 Pearl Pointe 184 63 200 Witmer Road 100 Total Planned 2,878 64 2405 Maryland 246 15 21 65 Arcadia Green 76 50 18 88 Route 2016 Multi-Residential 272 20 Development 56 65 90 Rivergate Bordentown Waterfront Phase II 175 Total Prospective 5,024 63 88 19 12 64 16 57 22 58 52 62 25 90 10 60 14 23 24 41 45 61 59 2 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective a Berkshire Hathaway and Jefferies Financial Group company Philadelphia - Suburban New Construction & Proposed Multifamily Projects 1Q19 ID PROPERTY UNITS 32 66 Route 30 Development 230 29 67 Bentley Carriage Home 1 Concord, The 340 70 169 30 31 Community 2 Keva Flats 240 2 67 68 Residential Multi Family - 300 3 50 at Granite Run 192 Route 30 in Exton 11 68 5 West Creek Village Phase II 140 66 69 Crebily Farm 300 6 Pearl, The 51 70 Brightview Senior Living 171 7 Apartments at Charlestown 71 71 Ellis Preserve Town Center Phase II 310 Crossing Phase II, The 92 72 Promenade at Granite Run 174 9 Rockwood Phase II 258 Phase II 73 Residences at Marple Preserve 232 Total Lease Up 1,313 73 69 74 College Square Redevelopment 299 11 Parkview at Oaklands 291 76 Dickenson Housing Development 65 72 17 Linden Hill Station 62 77 Avenue North 335 Total Under Construction 353 3 78 Barley Mill Plaza Redevelopment 100 33 79 Brandywine Country Club 360 80 Flats Phase III, The 102 27 Lofts at State Street, The 175 81 Paladin Club XII 70 28 Ravello, The 175 82 Church Road & Grand National 29 Royal Worthington Phase II, The 250 Lane 90 30 Royal Worthington Phase III, The 250 28 Total Prospective 3,307 31 Station Square 153 27 32 Swedesford Square 244 79 33 Franklin Mint Property 302 34 Avon Site Redevelopment 220 35 1 35 Columbia Place at Garden of Eden Road 50 77 36 DuPont 180 37 Glasgow Farm 330 78 81 42 Rudy Park Redevelopment 150 80 36 Total Planned 3,581 17 6 74 34 76 5 9 42 82 37 7 2 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective a Berkshire Hathaway and Jefferies Financial Group company Philadelphia - Suburban New Construction & Proposed Multifamily Projects 1Q19 ID PROPERTY UNITS 4 Haddon Point 240 8 11 Cooper 156 Total Lease Up 396 40 4 13 Jefferson Mount Laurel 492 Total Under Construction 492 13 8 38 Harvest House 52 87 86 89 39 Woodcrest Road 370 43 40 Mount Holly Gardens 150 43 North Park Drive 192 44 Residences at Renaissance Square 338 44 38 Total Planned 1,102 39 75 Delaware Avenue 50 83 Rockwood Phase III 180 84 Richwood Village 1,600 85 Stratford Plaza Redevelopment 212 85 86 Lanning Square Washington & West Street 100 87 Hampton Road 252 89 503 Fellowship Road 145 Total Prospective 2,539 84 75 83 2 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective a Berkshire Hathaway and Jefferies Financial Group company Philadelphia - Suburban New Construction and Proposed Multifamily Projects PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 1 Concord, The 3575 Silverside Road Wilmington DE 19810 Lease-Up 340 Wilmington - west 10/31/2017 09/30/2019 02/20/2019 2 Keva Flats 350 Waterloo Blvd Exton PA 19341 Lease-Up 240 Exton -Downingtown 09/05/2017 09/30/2019 07/09/2018 3 50 at Granite Run 50 Middletown Road Media PA 19063 Lease-Up 192 Broomall 02/01/2018 05/31/2019 02/20/2019 Pennsauken 4 Haddon Point 2100 Haddonfield Road Township NJ 08110 Lease-Up 240 Cinnaminson 09/30/2017 05/31/2019 11/01/2018 5 West Creek Village Phase II 1600 West Creek Village Drive Elkton MD 21921 Lease-Up 140 Cecil County 01/01/2014 05/31/2019 09/01/2014 6 Pearl, The 300 East 8th Street Wilmington DE 19801 Lease-Up 51 Wilmington - central 01/08/2018 04/30/2019 02/22/2019 Apartments at Charlestown Crossing Phase II, 7 The 400 West Claiborne Road North East MD 21901 Lease-Up 92 Cecil County 12/31/2017 04/30/2019 02/20/2019 Camden - Pennsauken 8 11 Cooper 11 Cooper Street Camden NJ 08102 Lease-Up 156 Township 04/30/2018 04/30/2019 10/01/2018 9 Rockwood Phase II 100 Cindy Drive Newark DE 19702 Lease-Up 258 Bear 11/01/2016 04/30/2019 02/01/2017 Total Lease-Up 1,709 10 Skye 750 750 Moore Road King of Prussia PA 19406 Under Construction 248 Norristown 06/01/2018 04/30/2020 11 Parkview at Oaklands 350 Creamery Way Exton PA 19341 Under Construction 291 Exton -Downingtown 12/11/2018 03/31/2020 12 Promenade at Upper Dublin, The Dreshertown Road & Welsh Road Dresher PA 19025 Under Construction 402 Hatboro - Warminster 11/28/2018 01/31/2020 13 Jefferson Mount Laurel 3101 Knox Way Mount Laurel NJ 08054 Under Construction 492 Mount Holly 01/26/2018 01/31/2020 14 Smith Valley Forge, The 580 South Goddard Blvd King of Prussia PA 19406 Under Construction 320 Norristown 01/31/2018 08/31/2019 15 Madison Lansdale Station 325 Madison Street Lansdale PA 19446 Under Construction 181 Lansdale 01/08/2018 05/31/2019 16 Residences at Bentwood, The 201 East Germantown Pike East Norriton PA 19401 Under Construction 261 Norristown 06/27/2018 04/30/2019 17 Linden Hill Station 4500 New Linden Hill Road Wilmington DE 19808 Under Construction 62 Stanton - Pike Creek 08/23/2017 04/30/2019 Total Under Construction 2,257 18 Limerick Town Center West Ridge Pike & Swamp Pike Limerick PA 19468 Planned 160 Royersford 19 Residences at Providence Town Center Arcola Road & South Collegeville Road Collegeville PA 19426 Planned 656 Audubon 20 Limekiln Golf Club Residential Subdivision 1176 Limekiln Pike Ambler PA 19002 Planned 475 Lansdale 21 Walnut Crossing 43 West 3rd Street Lansdale PA 19446 Planned 210 Lansdale 22 St. Mary's Villa 701 South Bethlehem Pike Ambler PA 19002 Planned 250 Ambler 23 2501 Renaissance Blvd 2501 Renaissance Blvd King of Prussia PA 19406 Planned 290 Norristown 24 2901 Renaissance Blvd 2901 Renaissance Blvd King of Prussia PA 19406 Planned 300 Norristown Source: Yardi Matrix Philadelphia - Suburban New Construction and Proposed Multifamily Projects PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 25 Kennedy Kenrick Senior 250 East Johnson Hwy Norristown PA 19401 Planned 206 Norristown East Butler Avenue & North Shady Retreat 26 University Village Road New Britain PA 18901 Planned 147 Doylestown 27 Lofts at State Street, The 600 West State Street Kennett Square PA 19348 Planned 175 Oxford - Kennett Square 28 Ravello, The 603 Millers Hill Kennett Square PA 19348 Planned 175 Oxford - Kennett Square 29 Royal Worthington Phase II, The 41 Morehall Road Malvern PA 19355 Planned 250 Malvern 30 Royal Worthington Phase III, The 45 Morehall Road Malvern PA 19355 Planned 250 Malvern 31 Station Square 37 North Valley Road Paoli PA 19301 Planned 153 Malvern 32 Swedesford Square 50 East Swedesford Road Malvern PA 19355 Planned 244 Malvern 33 Franklin Mint Property 1408 West Baltimore Pike Media PA 19063 Planned 302 Media 34 Avon Site Redevelopment 2100 Ogletown Road Newark DE 19711 Planned 220 Newark 35 Columbia Place at Garden of Eden Road 100 Garden of Eden Road Wilmington DE 19803 Planned 50 Wilmington - west 36 DuPont 1007 North Market Street Wilmington DE 19899 Planned 180 Wilmington - central 37 Glasgow Farm 2467 Pulaski Hwy Newark DE 19702 Planned 330 Bear 38 Harvest House 52 East Main Street Marlton NJ 08053 Planned 52 Marlton - Medford 39 Woodcrest Road Burnt Mill Road & Woodcrest Road Cherry Hill NJ 08003 Planned 370 Marlton - Medford 40 Mount Holly Gardens NEC Mt. Holly Avenue Bypass & Rancocas Road Mount Holly NJ 08060 Planned 150 Mount Holly 41 Pearl Pointe High Street & Pearl Blvd Burlington NJ 08016 Planned 184 Willingboro 42 Rudy Park Redevelopment 150 East Main Street Elkton MD 21921 Planned 150 Cecil County 43 North Park Drive Donahue Avenue & Park Blvd Cherry Hill NJ 08002 Planned 192 Cherry Hill 44 Residences at Renaissance Square 101 East Route 70 Marlton NJ 08053 Planned 338 Marlton - Medford Total Planned 6,459 45 Burlington Dream 1101 East Pearl Street Burlington NJ 08016 Prospective 360 46 Broad Street 1409 West Broad Street Quakertown PA 18951 Prospective 62 Perkasie 47 Easton & Durham Easton Road & Durham Road Tinicum PA 18942 Prospective 192 Perkasie 48 Elmhurst Gardens East Park Ave & Silver Street Sellersville PA 18960 Prospective 115 Perkasie 49 Sellersville Senior Residences East Clymer Avenue & Diamond Street Sellersville PA 18960 Prospective 50 Perkasie 50 Sanatoga Green Evergreen Road & Linfield Road Sanatoga PA 19464 Prospective 490 Pottstown 51 Wynstone 1886 Swamp Pike Gilbertsville PA 19525 Prospective 700 Pottstown Source: Yardi Matrix Philadelphia