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Hightop Development Breaks Ground on Whole Foods-Anchored Mixed-Use Center in Collegeville

Hightop Development Breaks Ground on Whole Foods-Anchored Mixed-Use Center in Collegeville

Collegeville, PennsylvaniaSource: Bisnow
MarketsPolicyZoning

Construction has commenced on The District at Black Rock, a significant mixed-use development in Collegeville, Montgomery County, Pennsylvania. Hightop Development has broken ground on the 28-acre project, located at 1201 Collegeville Road on a former Quest Diagnostics campus. Slated for delivery in the fourth quarter of 2027, the development will feature 120,000 square feet of retail space alongside 120 owner-occupied townhomes.

The retail component is already 89% preleased, attracting major tenants such as Whole Foods Market, L.L. Bean, Sephora, and Barnes & Noble. This project is notable as it represents a rare new shopping center in the submarket, where no similar developments have emerged in nearly two decades. Developer Hightop took on significant zoning risk to advance the project, a factor that deterred other institutional groups. High construction costs have generally hindered new retail development in the Philadelphia suburbs, despite existing low vacancy rates and strong demand. The successful groundbreaking of The District at Black Rock demonstrates a developer's willingness to navigate complex zoning and market conditions to meet demand in a supply-constrained area.

Topics

collegevillehightop-developmentmixed-usemontgomeryretailtownhomeswhole-foodszoning-risk

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