Realen Properties is planning to break ground this summer on the first phase of a residential development at the Village at Valley Forge.
Many know the property off North Gulph Road in King of Prussia, Pa., for the Wegman’s that is located there and the building Children’s Hospital of Philadelphia is constructing.
Realen plans to build an apartment complex with 363 units at the foot of what will be the Main Street of the site’s town center, said Dennis Maloomian, president of Realen Properties, which is developing the Village at Valley Forge in a joint venture with Northwestern Mutual. The complex will sit at the corner of Guthrie Road and Swedesford Road. Maloomian declined to disclose the project cost.
The design of the apartment building is different than what has traditionally been constructed in the Philadelphia area, Maloomian said. Called a “wrap” or “Texas donut,” the apartment building is wrapped around a parking structure, which is basically hidden from plain view. Read more about the new complex on PBJ.com
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