Philadelphia - Suburban New Construction & Proposed Multifamily Projects 2Q20
87 Lloyd Farm / Wild Meadows Age 120 ID PROPERTY UNITS Qualified Residential Community
1 The Gathering at University Village 147 88 Route 30 324 68 4 Hanover Exton Square 360 89 Route 30 Development 230 92 Swedesford Plaza Redevelopment 250 7 The Airdrie at Paoli Station 153 9 Hanover Town Center 390 Total Prospective 2,518 13 J Creekside at Exton 291 Total Lease Up 1,341
22 Sellersville Senior Residences 50 23 New Hanover Town Center 734 22 24 Sanatoga Green 310 69 25 Luxor at Phoenixville 205 34 26 Residences at Providence Town Center 586 83 27 Lansdale Luxor 205 23 1 28 Mainland Pointe 60 76 29 Walnut Crossing 210 73 75 30 2501 Renaissance Blvd 290 72 74 28 31 2901 Renaissance Blvd 300 32 Kennedy Kenrick Senior 206 29 77 33 Montgomery Park Phase II 50 24 27 34 The Intelligencer 220 37 Exton Knoll 324
38 Lochiel Farm 141 71 39 The Royal Worthington Phase II 250 40 The Royal Worthington Phase III 250
Total Planned 4,391 26
68 Broad Street 62 25 70 32 69 Holly Road 204 33 70 Phoenixville Senior Housing 50 81 71 Trappe Village 96 72 Derstine Reserve 56 82 9 30 73 Derstine Run Phase IV 60 92 31 74 Forty Foot Road Subdivision 326 75 Oak Drive 133 40 7 76 Oak Drive Town Homes 62 39 4 38 37 77 The Village of Windsor 186 13 88 81 Bridgeview 250 89 82 King of Prussia Mall Renovation 50 87 83 Main Street 59 1 mi Source: Yardi Matrix
LEGEND Lease-Up Under Construction Planned Prospective Philadelphia - Suburban New Construction & Proposed Multifamily Projects 2Q20
ID PROPERTY UNITS
2 Jefferson Mount Laurel 490 5 Residences at the Promenade 402 12 Willow Pointe 246 14 Haddon Point 240 Total Lease Up 1,378
15 200 Witmer Road 256 17 202 Park 192 35 85 18 Residences at Renaissance Square 338 78 19 503 Fellowship Road 144 21 Pearl Pointe 184 Total Under Construction 1,114 15 67
5 12 86 35 Prickett Run At Edgewood 200 79 60 56 Victory Commons Townhomes 81 80 84 104 57 Harvest House 52 58 Mount Holly Gardens 150 66 59 Gerard's Riverview 66 59 60 Ocean Spray Plant Redevelopment 86 103 21 63 Hampton Road 252 64 Victory West 370 65 The Residences at Wexford 300 66 Cedar Lane 240 67 Route 206 Multi- 272 Residential Development Total Planned 2,069 58
14 78 Willow Grove Air Base 500 65 Redevelopment 2 79 Ambler Crossings 115 102 80 Longfield Farm Townhomes 58 101 63 19 84 1125 Virginia Drive 300 17 85 Arcadia Green 76 86 New Falls Road 58 Residential Development 56 57 18 101 Lanning Square Washington & 100 West Street 64 102 307 Harper Drive 75 103 Burlington Dream 360 104 Rivergate Bordentown 175 Waterfront Phase II Total Prospective 1,817 1 mi Source: Yardi Matrix
LEGEND Lease-Up Under Construction Planned Prospective Philadelphia - Suburban New Construction & Proposed Multifamily Projects 2Q20
ID PROPERTY UNITS 94 90 3 The Flats Phase III 77 91 6 2000 Pennsylvania Avenue 166
8 The Reserve at Westown 168 93 10 Rockwood Phase II 258 41 11 West Creek Village Phase II 140 Total Lease Up 809
16 The Flats at Kennett 175 16 20 Columbia Place 50 36 Total Under Construction 225 96 95
97 36 State Street Lofts 187 20 41 Franklin Mint Property 302 42 268 East Main Street 56 46 43 Avon Site Redevelopment 220 48 44 College Square Redevelopment 306 47 98 6 45 Dickinson Housing Development 91 53 3 50 55 46 Avenue North 335 51 52 47 Barley Mill Plaza Redevelopment 113 100 49 48 The Reserve at Rockford Falls 346 49 210 Market Cooper Mixed Use 90 42 50 517 North Shipley Street 208 43 51 New Compton Townhouses 76 45 44 Renovation 11 52 Quaker Arts 53 53 Riverside Redevelopment 74
54 Glasgow Farm 330 10 55 Tavistock Townhomes 78 61 99 61 Rudy Park Redevelopment 150 54 62 Southfields of Elkton Mixed-Use 1,000 Total Planned 4,015 62
90 Crebilly Farm II 319 91 Matlack Street Apartment Building 205 93 Promenade at Granite Run 208 94 Residences at Marple Preserve 140 95 Waterfront Redevelopment 225 96 Brandywine Country Club 360 97 The Concord Phase II 166 98 Paladin Club XII 64 99 Rockwood Phase III 180 100 Richwood Village 1,200 Total Prospective 3,067 8 1 mi Source: Yardi Matrix
LEGEND Lease-Up Under Construction Planned Prospective Philadelphia - Suburban New Construction & Proposed Multifamily Projects
PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP
1 The Gathering at University Village 409 East Butler Avenue New Britain PA 18901 Lease-Up 147 Doylestown 08/01/2019 12/31/2020 06/12/2020 2 Jefferson Mount Laurel 12000 Knox Way Mount Laurel NJ 08054 Lease-Up 490 Mount Holly 01/26/2018 12/31/2020 04/17/2019
3 The Flats Phase III 615 North Bancroft Pkwy Wilmington DE 19805 Lease-Up 77 Wilmington - West 07/31/2019 10/31/2020 05/05/2020 4 Hanover Exton Square 181 North Pottstown Pike Exton PA 19341 Lease-Up 360 Exton - Downingtown 01/31/2019 10/31/2020 03/30/2020 5 Residences at the Promenade 200 Dryden Road Dresher PA 19025 Lease-Up 402 Hatboro - Warminster 01/29/2019 10/31/2020 04/17/2019 6 2000 Pennsylvania Avenue 2000 Pennsylvania Avenue Wilmington DE 19806 Lease-Up 166 Wilmington - West 05/01/2018 09/30/2020 06/01/2020 7 The Airdrie at Paoli Station 9 East Central Avenue Paoli PA 19301 Lease-Up 153 Malvern 12/11/2018 09/30/2020 04/01/2020 8 The Reserve at Westown 500 Westown Way Middletown DE 19709 Lease-Up 168 Middletown 05/01/2019 08/31/2020 05/01/2020 9 Hanover Town Center 350 Village Drive King of Prussia PA 19406 Lease-Up 390 Norristown 11/29/2018 08/31/2020 02/28/2020 10 Rockwood Phase II 100 Cindy Drive Newark DE 19702 Lease-Up 258 Bear 11/01/2016 08/31/2020 02/01/2017 11 West Creek Village Phase II 1600 West Creek Village Drive Elkton MD 21921 Lease-Up 140 Cecil County 01/01/2014 08/31/2020 09/01/2014 12 Willow Pointe 2405 Maryland Road Willow Grove PA 19090 Lease-Up 246 Hatboro - Warminster 01/31/2019 07/31/2020 11/27/2019 13 J Creekside at Exton 360 Creamery Way Exton PA 19341 Lease-Up 291 Exton - Downingtown 12/11/2018 07/31/2020 11/18/2019 14 Haddon Point 2100 Haddonfield Road Pennsauken NJ 08110 Lease-Up 240 Cinnaminson 09/30/2017 07/31/2020 11/01/2018 Total Lease-Up 3,528 15 200 Witmer Road 200 Witmer Road Horsham PA 19044 Under Construction 256 Hatboro - Warminster 11/27/2019 05/31/2021 16 The Flats at Kennett 603 Millers Hill Kennett Square PA 19348 Under Construction 175 Oxford - Kennett Square 10/05/2019 05/31/2021 17 202 Park 202 Park Blvd Cherry Hill NJ 08002 Under Construction 192 Cherry Hill 01/06/2020 03/31/2021 18 Residences at Renaissance Square 101 East Route 70 Marlton NJ 08053 Under Construction 338 Marlton - Medford 10/01/2018 10/31/2020 19 503 Fellowship Road 503 Fellowship Road Mount Laurel NJ 08054 Under Construction 144 Marlton - Medford 07/01/2019 09/30/2020 20 Columbia Place 100 Garden of Eden Road Wilmington DE 19803 Under Construction 50 Wilmington - West 05/20/2019 07/31/2020 21 Pearl Pointe High Street & Pearl Blvd Burlington NJ 08016 Under Construction 184 Willingboro 06/13/2018 07/31/2020 Total Under Construction 1,339 East Clymer Avenue & 22 Sellersville Senior Residences Sellersville PA 18960 Planned 50 Perkasie Diamond Street 23 New Hanover Town Center 1886 Swamp Pike Gilbertsville PA 19525 Planned 734 Pottstown 24 Sanatoga Green 313 Evergreen Road Pottstown PA 19464 Planned 310 Pottstown 25 Luxor at Phoenixville 723 Wheatland Street Phoenixville PA 19460 Planned 205 Phoenixville Residences at Providence Upper Providence 26 Arcola Road & South Collegeville Road PA 19426 Planned 586 Audubon Town Center Township 27 Lansdale Luxor 117 South Broad Street Lansdale PA 19446 Planned 205 Lansdale Lower Salford 28 Mainland Pointe 210 Main Street PA 19438 Planned 60 Lansdale Township 29 Walnut Crossing 43 West 3rd Street Lansdale PA 19446 Planned 210 Lansdale 30 2501 Renaissance Blvd 2501 Renaissance Blvd King of Prussia PA 19406 Planned 290 Norristown 31 2901 Renaissance Blvd 2901 Renaissance Blvd King of Prussia PA 19406 Planned 300 Norristown 32 Kennedy Kenrick Senior 250 East Johnson Hwy Norristown PA 19401 Planned 206 Norristown 33 Montgomery Park Phase II 1301 Powell Street Norristown PA 19401 Planned 50 Norristown Source: Yardi Matrix Yardi Source: Philadelphia - Suburban New Construction & Proposed Multifamily Projects
PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP
34 The Intelligencer 333 North Broad Street Doylestown PA 18901 Planned 220 Doylestown 35 Prickett Run At Edgewood 930 Stony Hill Road Morrisville PA 19067 Planned 200 Feasterville - Langhorne 36 State Street Lofts 600 West State Street Kennett Square PA 19348 Planned 187 Oxford - Kennett Square 37 Exton Knoll 921 East Lincoln Hwy Exton PA 19341 Planned 324 Exton - Downingtown 38 Lochiel Farm 891 East Lincoln Hwy Exton PA 19341 Planned 141 Exton - Downingtown 39 The Royal Worthington Phase II 41 Morehall Road Malvern PA 19355 Planned 250 Malvern 40 The Royal Worthington Phase III 45 Creekside Lane Malvern PA 19355 Planned 250 Malvern 41 Franklin Mint Property 1408 West Baltimore Pike Media PA 19063 Planned 302 Media 42 268 East Main Street 268 East Main Street Newark DE 19711 Planned 56 Newark 43 Avon Site Redevelopment 2100 Ogletown Road Newark DE 19711 Planned 220 Newark 44 College Square Redevelopment 100 College Square Newark DE 19711 Planned 306 Newark 45 Dickinson Housing Development 404 Academy Street Newark DE 19716 Planned 91 Newark 46 Avenue North 1800 Concord Pike Wilmington DE 19803 Planned 335 Wilmington - West 47 Barley Mill Plaza Redevelopment DE-141 & Lancaster Pike Wilmington DE 19805 Planned 113 Wilmington - West 48 The Reserve at Rockford Falls 49 Bancroft Mills Road Wilmington DE 19806 Planned 346 Wilmington - West 49 210 Market Cooper Mixed Use 214 North Market Street Wilmington DE 19801 Planned 90 Wilmington - Central 50 517 North Shipley Street 517 North Shipley Street Wilmington DE 19801 Planned 208 Wilmington - Central 51 New Compton Townhouses Renovation 831 Towne Court Wilmington DE 19801 Planned 76 Wilmington - Central 52 Quaker Arts 801 West Street Wilmington DE 19801 Planned 53 Wilmington - Central 53 Riverside Redevelopment 1400 Todds Lane Wilmington DE 19802 Planned 74 Wilmington - Central 54 Glasgow Farm 2467 Pulaski Hwy Newark DE 19702 Planned 330 Bear Woolwich 55 Tavistock Townhomes Center Square Road & Tavistock Drive NJ 08085 Planned 78 Bridgeport - Woodstown Township 56 Victory Commons Townhomes 1223 Haddonfield Berlin Road Cherry Hill NJ 08034 Planned 81 Haddonfield 57 Harvest House 52 East Main Street Marlton NJ 08053 Planned 52 Marlton - Medford NEC Mt. Holly Avenue Bypass & 58 Mount Holly Gardens Mount Holly NJ 08060 Planned 150 Mount Holly Rancocas Road 59 Gerard's Riverview Bordentown Road & US Route 130 Bordertown NJ 08505 Planned 66 Willingboro 60 Ocean Spray Plant Redevelopment 104 East Park Street Bordentown NJ 08505 Planned 86 Bordentown - Browns Mills 61 Rudy Park Redevelopment 150 East Main Street Elkton MD 21921 Planned 150 Cecil County Augustine Herman Hwy & 62 Southfields of Elkton Mixed-Use Elkton MD 21921 Planned 1,000 Cecil County Frenchtown Road 63 Hampton Road Cuthbert Blvd & Hampton Road Cherry Hill NJ 08002 Planned 252 Cherry Hill 64 Victory West 110 Woodcrest Road Cherry Hill NJ 08003 Planned 370 Marlton - Medford 65 The Residences at Wexford 1788 State Route 38 Lumberton NJ 08048 Planned 300 Mount Holly Burlington 66 Cedar Lane 2054 130 Rte PA 08016 Planned 240 Willingboro Township Route 206 Multi-Residential 67 596 Route 206 Bordentown NJ 08505 Planned 272 Bordentown - Browns Mills Development Total Planned 10,475 Source: Yardi Matrix Yardi Source: Philadelphia - Suburban New Construction & Proposed Multifamily Projects
PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP
68 Broad Street 1409 West Broad Street Quakertown PA 18951 Prospective 62 Perkasie
69 Holly Road Holly Road & Industrial Drive Gilbertsville PA 19525 Prospective 204 Pottstown
70 Phoenixville Senior Housing 115 Buchanan Street Phoenixville PA 19460 Prospective 50 Phoenixville
71 Trappe Village 118 West 7th Avenue Trappe PA 19426 Prospective 96 Audubon
72 Derstine Reserve 18 Derstine Road Hatfield PA 19440 Prospective 56 Lansdale
73 Derstine Run Phase IV 84 Derstine Road Hatfield PA 19440 Prospective 60 Lansdale
74 Forty Foot Road Subdivision Forty Foot Road & McArthur Drive Hatfield PA 19440 Prospective 326 Lansdale
75 Oak Drive Harleysville Pike & Oak Drive Harleysville PA 19438 Prospective 133 Lansdale
76 Oak Drive Town Homes NEC Harleysville Pike & Oak Drive Harleysville PA 19438 Prospective 62 Lansdale
77 The Village of Windsor 981 North Wales Road Gwynedd PA 19454 Prospective 186 Lansdale
78 Willow Grove Air Base Redevelopment County Line Road & Easton Road Easton PA 19044 Prospective 500 Lansdale
79 Ambler Crossings 201 South Chestnut Street Ambler PA 19002 Prospective 115 Ambler
80 Longfield Farm Townhomes Butler Pike & West Skippack Pike Norristown PA 19405 Prospective 58 Ambler
81 Bridgeview 5 West Front Street Bridgeport PA 19405 Prospective 250 Norristown
82 King of Prussia Mall Renovation 160 North Gulph Road Philadelphia PA 19110 Prospective 50 Norristown
83 Main Street 263 North Main Street Doylestown PA 18901 Prospective 59 Doylestown
84 1125 Virginia Drive 1125 Virginia Drive Fort Washington PA 19034 Prospective 300 Hatboro - Warminster Newtown 85 Arcadia Green Buck Road & Newtown Bypass PA 18940 Prospective 76 Feasterville - Langhorne Township New Falls Road Residential 86 7405 New Falls Road Levittown PA 19055 Prospective 58 Fairless Hills - Morrisville Development Lloyd Farm / Wild Meadows Age 87 32 East Lancaster Avenue West Bradford PA 19335 Prospective 120 Exton - Downingtown Qualified Residential Community 88 Route 30 Exton Bypass & Pottstown Pike Exton MD 19341 Prospective 324 Exton - Downingtown
89 Route 30 Development Lancaster Avenue & Woodbine Road Caln Township PA 19335 Prospective 230 Exton - Downingtown South New Street & 90 Crebilly Farm II West Chester PA 19382 Prospective 319 West Chester West Rosedale Avenue 91 Matlack Street Apartment Building 956 South Matlack Street West Chester PA 19382 Prospective 205 West Chester
92 Swedesford Plaza Redevelopment 400 Swedesford Road Berwyn PA 19312 Prospective 250 Berwyn
93 Promenade at Granite Run 1067 West Baltimore Pike Media PA 19063 Prospective 208 Broomall
94 Residences at Marple Preserve Reed Road & Sproul Road Marple Township PA 19008 Prospective 140 Broomall
95 Waterfront Redevelopment West 2nd Street & Highland Avenue Chester PA 19013 Prospective 225 Chester
96 Brandywine Country Club 2822 Shipley Road Wilmington DE 19810 Prospective 360 Wilmington - West
97 The Concord Phase II 3575 Silverside Road Wilmington DE 19810 Prospective 166 Wilmington - West
98 Paladin Club XII 400 Paladin Drive Wilmington DE 19802 Prospective 64 Claymont - Wilmington North
99 Rockwood Phase III 100 Cindy Drive Newark DE 19702 Prospective 180 Bear Source: Yardi Matrix Yardi Source: Philadelphia - Suburban New Construction & Proposed Multifamily Projects
PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP
100 Richwood Village SWC Aura Road & Mullica Hill Road Mullica Hill NJ 08062 Prospective 1,200 Bridgeport - Woodstown Lanning Square Camden - Pennsauken 101 SWC Washington Street & West Street Camden NJ 08103 Prospective 100 Washington & West Street Township 102 307 Harper Drive 307 Harper Drive Moorestown NJ 08057 Prospective 75 Cinnaminson
103 Burlington Dream 1101 East Pearl Street Burlington NJ 08016 Prospective 360 Willingboro Rivergate Bordentown 104 500 Bluff View Circle Bordentown NJ 08505 Prospective 175 Bordentown - Browns Mills Waterfront Phase II Total Prospective 7,402
TOTAL PHILADELPHIA - SUBURBAN 22,744 Source: Yardi Matrix Yardi Source:
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