A remote patch of rolling hills just outside Chester County has been transformed into a thriving hub of business activity thanks to the vision of a man far ahead of his time, according to a feature in the Philadelphia Business Journal. Fred Weitzman, a Concord area developer, put 80 acres of land “under agreement” in the 1990’s. Now it’s paying off.

“It’s just booming out here,” Karmar Realty Group President and CEO Marshall Soss said of Concord, which has grown tremendously at the intersection of key roads and job centers. “There’s easy access to King of Prussia and Malvern, Wilmington, Philadelphia, South Jersey and even Lancaster. … It’s a centralized area that was untapped for a long time.”

That changed quickly over the past decade, however, as Concord witnessed a 73 percent jump in population and an influx of cash, the article stated. “Within a three-mile radius, the average household income is $136,753.”

“It’s not quite as affluent as the Main Line nor does it have the residential density of the Main Line, but because of the road networks, it pulls more regionally than the Main Line,” Michael Salove Co. Retail Broker Doug Green said in the article.

Read much more about visionary Fred Weitzman and the development of the area’s newest hotspot in the Philadelphia Business Journal here.

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Top photo credit: Storm Crypt via photopin cc