Strategically located along the Route 202 Corridor in Malvern, Chester County, PA, Uptown Worthington is transforming the site of a former Worthington Steel factory into a national model for the principals of New Urbanism. When complete, the 1,600,000 square foot, Mixed-Use, 100-acre parcel will include 753 luxury residences, 745,000 sq. ft. of upscale, lifestyle retailing and an estimated 185,000 sq. ft. of Class 'A' office space-along with a new tree-lined town center and Main Street, a restored, environmentally-significant creek, parks, gazebos and theaters.
Uptown Worthington is adjacent to the Great Valley Corporate Center, which was built in the 1970s without regard to workforce housing. Major occupants include Vanguard (7,000 employees), Shared Medical Systems (6,500 employees), and QVC (5,000 employees). Other prominent employers include Allstate, ACME Markets, Wachovia, GE Capital, IKON, Microsoft, SCT, Siemens, Verizon and Vishay Intertechnology. An additional 30 million sq. ft. of office space is within a 15-minute drive of the location. The Great Valley office submarket contains over 2.8 million sq. ft. and the industrial submarket (including flex) measures over 2.1 million sq. ft.
A recent multi-million dollar improvement to Route 202, a major regional artery that links the property to King of Prussia, the Schuylkill Expressway (I-76), and the Pennsylvania Turnpike (I-276), has considerably reduced commute times from King of Prussia and Center City Philadelphia. In addition, the construction of the Route 30 Bypass from Route 202 to beyond Downingtown, PA has improved drive time efficiencies in the western suburbs of Philadelphia. Secondary access is provided by Route 29, Swedesford Road, Phoenixville Pike and Route 30 (Lancaster Avenue), which is the main thoroughfare along Philadelphia's historic Main Line that connects the affluent towns of Berwyn, Paoli, and Malvern. A new slip ramp along Route 29 will provide residents with direct access to the Pennsylvania Turnpike (I-276).
Chester County, one of the three original counties of Pennsylvania, itself is highly affluent. Within a 7-mile radius surrounding Worthington, the average household income is $104,978, with 35.76% of all households with income levels over $100,000. In a recent article published in the Philadelphia Inquirer, Chester Springs, which is less than 9 miles from Uptown Worthington, was identified as the "new hot spot" of the Philadelphia region. The article, entitled "19425: It's the Hot New Spot," explains how the zip code of Chester Springs (19425) is the "Newest pearl in the heirloom string of neighborhoods of the Main Line." The article identifies the area's horse farms, hills, wealth and snob appeal for contributing to a growth rate that has seen the County expand 15.2% over the past 10 years, and home values increase 12% from 2002 to 2003. Even with such growth, the County has maintained its country appeal, offering 175,365 acres of farmland and equestrian attractions that include Radnor Hunt and The Devon Horseshows grounds, both revered as premier centers of the sport.
Uptown Worthington will echo many of the region's sentiments. The community is being designed to include footpaths, sidewalks and outdoor dining to create a pedestrian-friendly, walkable community that lessens residents' dependence on automobiles, and provides a complete community in which to live, work and play. Included too will be upscale chains as well as outdoor café's and bistros from top regional restaurateurs.
As part of the development, Little Valley Creek will be reclaimed. The creek currently runs underground through an encapsulated concrete culvert. The newly restored creek will be terraformed to the contours of the land and will run through the community along tree-lined walking and jogging trails. Amenities include a world-class fitness center, infinity pools and ample parking for both workers and residents. Parking for residences is being designed inside the "core" of each building-concealed from roadside view. This design maintains the street profile while allowing residents to park directly in back of and on the same level as their town home. Street level parking is conveniently located near retail stores and offices.
Uptown Worthington is central to a number of colleges, universities and world-class preparatory schools. Villanova University is directly down Route 30 and the Malvern campus of Penn State University is directly adjacent to the Great Valley Corporate Center. Malvern Prep, Villa Maria Academy, The Phelps School, The Woodland School, Devon Prep and the Westtown School are within 20-minute drives of the property. Nearby country clubs include White Manor County Club, Chester Valley Country Club, Waynesborough Country Club, Stonewall Country Club, Applebrook Golf Club, Aronimink Golf Club, Merion Golf Club and Overbrook Country Club.
Uptown Worthington is also located close to a number of the country's most treasured historical attractions. Valley Forge National Historical Park, where George Washington sheltered his troops during the winter of 1777, is just north of the property. The Brandywine Battlefield Park, in Chadds Ford, PA, is within a 15-munute drive. Cultural attractions include nearby Longwood Gardens, a world premier horticultural display garden, and the Brandywine River Museum, home to hundreds of works of art by American master Andrew Wyeth.