Latest from Arrow Real Estate
Sep 01,2016 staff
Phoenix Village is the area’s pre-eminent mixed use development project offering 275 apartment units with full amenities and 20,000 sq. ft. of prominent “Main Street” style retail. Patio seating is an option for the restaurants.
In addition to the existing 275 residential units, there are an additional 800 residential residences (Single Family, Town, Carriage style homes and apartments) within 1000 feet to 1 mile under construction and/or in the approval process. The construction in the immediate area is an excellent indicator of the demand in the Phoenixville, PA market.
Phoenix Village is centrally located in a growing market. Many who attended the open house were surprised by the amount of activity on the streets. They also mentioned that Phoenixville was very comparable to West Chester or Media.
The 5-mile area in which Phoenix Village is located is populated with 94,000 people, with an average annual income of $108,572. 4,004 businesses employ 64,624 people. 12,635 people live within a 1-mile radius of Phoenix Village, with an average annual income of $73,634. Over 634 companies serve the 1-mile area, employing 5,112 employees.
Once a prominent steel mill and manufacturing town, Phoenixville, PA has re-invented itself as an art, entertainment, and restaurant district for Chester County. It is now home to numerous events like the Dogwood Festival, Blues Fest, First Fridays, Blobfest, and Food Festivals to name a few. These events draw in 200,000 attendees.
“It (Phoenix Village) is a great draw of complimentary retailers and the right mix of residences,” said Jackie Christman who is heading up the leasing team for Phoenix Village, along with Brooke Henningsen, one of Arrow’s Founding Partners, and Sales Associate Damon Di Placido.
Jackie feels Phoenixville is “…attractive to both baby boomers and their children, along with echo boomers.” “Quality of life is a top priority (in Phoenixville). Living in a city within a walking, vibrant, mixed-use neighborhood setting provides an authentic experience centered on active and engaging environments with food, arts, culture and entertainment.”
Arrow Real Estate Services partners have leased millions of square feet in the region. We approach each project with the long-term view that comes from long leasing relationships with many of the most successful owners and developers in the region. We also have the long-term view of owners so that we place the highest priority to creating the ideal tenant mix that characterizes any successful development. Arrow Real Estate Services is the leading commercial real estate company in the region.
Arrow Real Estate Services
Bala Cynwyd Office
555 E. City Line Ave
Bala Cynwyd, PA
717 Limekiln Road
Doylestown, PA 18901