Media  Contact:    Brooke  Hersh,  King  of  Prussia  District  (C)  215.601.6640  brooke@kopbid.com      

KING  OF  PRUSSIA  DISTRICT  (KOP-­‐BID)  CELEBRATES  UNPRECEDENTED  DEVELOPMENT  IN  KING  OF  PRUSSIA  

KOP-­‐BID  Releases  2016  Annual  Report  to  the  Community,  Highlighting  $1B  In  Economic  Development  Projects  

 King  of  Prussia,  PA  (March  25,  2016)  –  King  of  Prussia  District  (KOP-­‐BID)  released  its  2016  

Report  to  the  Community  at  an  event  at  Maggiano’s  Little  Italy  in  King  of  Prussia  (KOP)  on  

Thursday,  March  24,  2016.  With  $1B  in  economic  development  projects  underway,  KOP  

continues  to  provide  a  culture  of  growth  and  opportunity  for  business.    

 

The  Report  provides  a  comprehensive  overview  of  the  KOP  

retail,  dining,  tourism,  hospitality,  commercial  real  estate  and  

housing  sectors,  and  it  offers  a  glimpse  into  future  plans  that  

will  help  KOP  remain  competitive  in  the  Philadelphia  region.    

 

 KEY  FACTORS  DRIVING  KOP’S  MOMENTUM  

• $1B  in  Economic  Development  Projects  |Upper  

Merion  Township  (UMT)/KOP  is  experiencing  an  

unprecedented  amount  of  economic  development.  

UMT/KOP  leads  Montgomery  County  in  development  

SF  under  construction  and  slated  for  construction.    

o With  350,000  SF  of  proposed  non-­‐residential  

development,  (accounting  for  24%  of  Montgomery  County’s  total),  KOP  

ranks  #1  in  the  County.    

King  of  Prussia  District  2016  Annual  Report  to  the  Community  officially  released  

March  24,  2016.    

 

• 415,000  SF  of  New  Retail  |  KOP  is  currently  home  to  5.8M  SF  of  retail  space,  and  it  

will  add  260,000  SF  at  the  King  of  Prussia  Town  Center  and  155,000  SF  at  the  King  of  

Prussia  Mall  in  2016.  Additional  redevelopment  projects  are  slated  for  DeKalb  Pike  

from  Henderson  Road  to  S.  Gulph  Road.    

o $11.3B  in  annual  retail,  food  and  beverage  sales  in  KOP  (source:  InfoUSA  and  

Tourism  Economics,  2014)  

• 6  New  Housing  Projects,  Totaling  1,700  Units  |  To  keep  pace  with  a  continually  

increasing  employment  base  that  overwhelmingly  commutes  from  areas  outside  of  

UMT,  KOP  is  pleased  to  welcome  six  new  housing  projects  in  The  Village  at  Valley  

Forge  and  the  rezoned  KOP  business  park,  totaling  1,700  units.  An  additional  650  

units  are  being  redeveloped  at  251  DeKalb  and  1,000  additional  units  are  currently  

proposed  in  UMT.  

o Current  multi-­‐family  housing  developments  are  the  first  in  more  than  15  

years  in  UMT/KOP.    

• Total  Employment  Approaching  60,000  |  Currently,  KOP  has  59,129  jobs  but  that  

number  is  expected  to  climb  above  60,000  in  the  next  few  years  as  many  of  the  

development  projects,  now  under  construction,  come  online.    

o KOP  is  the  largest  employment  center  in  the  suburban  Philadelphia  

region.      

 

“2015  was  an  incredible  year  in  King  of  Prussia,  with  construction  cranes  dotting  the  

landscape  throughout  the  retail  and  commercial  corridors,”  said  Eric  Goldstein,  King  of  

Prussia  District  Executive  Director.  “We  are  energized  by  the  momentum  in  KOP  and  believe  

that  excitement  is  captured  in  our  2016  Report  to  the  Community.  We  encourage  you  to  

share  the  Report  with  colleagues,  friends,  investors  and  partners.”    

 

To  recognize  the  investment  in  KOP  each  year,  KOP-­‐BID  presents  its  Annual  King  of  Prussia  

District  Awards  to  individuals  and  companies  in  KOP  that  exemplify  the  goals  and  mission  of  

KOP-­‐BID.    

 

2016  AWARD  RECIPIENTS    

• Leadership  |  PA  Secretary  of  Transportation,  Leslie  Richards  

 

• Commercial  Office  Property  |  CSL  Behring  

• Economic  Development  Project  |  The  Children’s  Hospital  of  Philadelphia’s  King  of  

Prussia  Specialty  Care  &  Surgical  Center    

• Planning  |  Upper  Merion  Township  &  Simon  Property  Group  

• Hospitality  |  Valley  Forge  Casino  Resort  

• Retailers  of  the  Year  |  Bonefish  Grill  &  Primark  

• Community  Outreach  |  Conlin’s  Digital  Print  &  Copy  Center  and  Megan  Tomlinson  

 ###      ABOUT  KING  OF  PRUSSIA  DISTRICT  King  of  Prussia  District  (KOP-­‐BID)  is  a  501(c)(3)  not-­‐for-­‐profit,  special  services  organization.  KOP-­‐BID  engages  public  and  private  partners  to  collaboratively  improve  the  economic  environment  in  King  of  Prussia  by  making  it  more  vibrant,  attractive  and  prosperous.      visitKOP.com  |  connectKOP.com    Facebook  @KOP-­‐BID  Twitter  @KOPBID  Instagram  @visitKOP