A new development project is coming to King of Prussia.
Woodfield Investments, a North Carolina based real estate company, received approval to construct a 320-unit apartment building to be called Woodfield Valley Forge.
According to Bis Now Philadelphia, Woodfield closed on $31.3M of equity financing for the project. It is planned to have a 495-space parking garage, a gym, and a sky lounge, among other amenities.
It will be constructed in the Village at Valley Forge, the mixed-use area at King of Prussia Town Center that contains retail, office, and green space. Although ground has yet to be broken on the new project, the company says that it expects the structure to be completed by 2019.
This new development is helping to transform King of Prussia into a mixed-use hub where people can work, live, and play.
Photo courtesy ofWoodfield Investments/Phillips Realty Capital