April 19, 2017
By Connie Capone | December 2, 2016 | Home & Real Estate
More shops, restaurants, and homes hit King of Prussia while work is underway on the hotly-anticipated W Hotel.
Two distinctly different hotels under one roof: the W Philadelphia and Element Philadelphia will share an address at 15th and Chestnut Streets.
More is more in King of Prussia. First, the mall unveiled its new corridor of designer stores in September; now the King of Prussia Town Center adds even more hot restaurants and retailers to the mix. The 260,000-square-foot outdoor lifestyle complex is home to Ulta Beauty, LA Fitness, Nordstrom Rack, and Center City favorite Davio’s Northern Italian Steakhouse. “We have been very strategic in working to assemble a healthy, complementary mix of businesses to create a destination that brings a unique community gathering space to this thriving area,” says Tom Sebastian, senior vice president of development with real estate investment firm The JBG Companies.
Outdoor accents include fountains and a 60-foot fire wall along the communal Town Square. Nineteen properties are slated to open in the Town Center throughout next summer. This is JBG Companies’ first construction outside of the Washington, DC, area. Not far from the hustle of King of Prussia, town home community The Brownstones at The Village at Valley Forge is taking shape. The latest Toll Brothers venture is a prime locale for commuters, shoppers, and wayfarers. Sales began this fall for the modern three-bedroom units, offering two unique design layouts, the Dennison and Hasen.
The King of Prussia Town Center.
Homebuyers have hundreds of personalization options, while staple features include open floor plans, nine-foot ceilings, and granite countertop kitchens. “Toll Brothers is thrilled to be a part of an outstanding project that complements the wonderful restaurants and shops at the neighboring King of Prussia Town Center,” says Adam Lampl, project manager. Another bonus: Easy access to attractions like Valley Forge National Historical Park and the Schuylkill River Trail.
The first major property built west of Broad Street in over two decades, the dual branded W Philadelphia and Element Philadelphia hotels at 15th and Chestnut Streets signal Philly’s best days are ahead, says Jeff Cohen, president of Vine Street Ventures Incorporated. Leading the development of the 51-story tower, now under construction, is VSV Subsidiary Vine Street Matthews. The W and Element will function simultaneously, with 295 and 460 rooms respectively.
King of Prussia is in the midst of another building boom thanks to new projects like the Brownstones at the Village at Valley Forge.
A full amenity floor including a spa and a rooftop pool will be W’s signature perks, while Element suits extended-stay guests with full kitchens in every room. The properties share 40,000 square feet of meeting space, which Cohen feels will fit the influx of business brought by the nearby Convention Center. “We thought we could create a unique product that Philadelphia has never seen before, operating two distinct hotels while also being attuned to the needs of the city’s business district,” says Cohen. “From a brand perspective, W has been trying to get into Philly for the last 20 years.” The hotels are expected for completion in mid-2018
April 21, 2017