Philadelphia Business Journal
'This is our best site': Last parcel at Village at Valley Forge in KoP up for sale
September 1, 2019
The Village at Valley Forge, a 126-arce mixed-use community that has provided King of Prussia with a contemporary version of a downtown, has reached a remarkable milestone; The last of its developable sites is up for sale.
A 3.19-acre parcel referred to as One Market St. that fronts North Gulph Road and is located across from the entrance to the Schuylkill Expressway and Pennsylvania Turnpike has hit the market.
“It’s literally the last site,” said Dennis Maloomian of Realen Properties, which is the master developer of the Village at Valley Forge. “This is our best site. It always has been.”
Saving the best for last was always part of the development plan for the Village at Valley Forge and it may well be the priciest piece of ground to be sold there. Based on past transactions, prices for land at the development has been steadily rising with each sale and now trades for around $10 million an acre. This parcel has the potential to trade for just as much if not more.