Trammell Crow and CBRE Study: New Turnpike Ramp Drives $2.5 Billion Into Malvern

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Malvern Interchange
Malvern Interchange Vista Today Chester County Business News
Gov. Tom Corbett cut the ribbon on the interchange in 2013--via Patch

Since the 2011 groundbreaking of the the Pennsylvania Turnpike’s Malvern interchange, more than $2.5 billion in business development has jumped into the fast lane.

Jeff Goggins, Trammell Crow.
Jeff Goggins, Trammell Crow.

“The impact of the interchange was felt as soon as they broke ground on it, and the momentum has continued ever since,” Trammell Crow Senior Managing Director Jeff Goggins said in a Philadelphia Business Journal report.

It’s an economic acceleration rivaled only by King of Prussia and the Philly neighborhoods of Center City and University City.

Based on a fresh study by Trammell Crow and CBRE, the Route 29 and Route 202 corridor activity encompasses a diversity of development, including “General Warren Village, which involves a 128-room Marriott hotel with 14,000 square feet of retail space; Atwater Village, which has a Wawa, bank, hotel and restaurants, plus a multifamily complex with 326 apartments and 549 townhouses; Pickering Crossing, which has 76 carriage and townhouses; Spring Oak, a residential community with 184 single-family and townhouses; Devault Village, another 72-unit residential community;” Liberty Property Trust’s massive redevelopment of Great Valley Corporate Center; and O’Neill Properties Group’s upscale expansion at Uptown Worthington.

Read more about the economic impact of Malvern’s turnpike interchange in the Philadelphia Business Journal here, and check out previous VISTA Today coverage of new developments at Great Valley here and Uptown Worthington here.

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