Montgomery County Planning Commission Maintaining and improving the County’s quality of life Jody L. Holton, AICP, Executive Director

Montgomery County’s Regional Position 820,000 people 500,000 jobs 57 miles of highways, 1.2 billion auto trips 41 stations on 6 rail lines 90 miles of regional trails + more local trails The high quality of life hasn’t happened by accident. Leadership of our residents, business owners, and the municipal family. Where have we been and where do we want to go and be in 2040?

Montgomery County 2015 New Construction 1,100,000 sf new nonresidential space 51% increase over the prior year 1,838 housing units constructed 15% increase over the prior year New residential construction represents $287M of taxable property value The high quality of life hasn’t happened by accident. Leadership of our residents, business owners, and the municipal family. Where have we been and where do we want to go and be in 2040?

Montgomery County 2016 Median Housing Price 11,441 market rate sales of homes Overall median sales price: $278,500, a 2.9% increase New homes: $448,524, a 14.2%increase Existing Homes: $268,000, a 3.1% increase The high quality of life hasn’t happened by accident. Leadership of our residents, business owners, and the municipal family. Where have we been and where do we want to go and be in 2040?

Montgomery County’s Future Homes By 2040, 94,000 more people in 38,000 new housing units 32% of households are single- headed (11% in 1960) – household size has shrunk The senior population will grow 58% between 2010 and 2040 2nd highest median household income in the state Poverty is rises The high quality of life hasn’t happened by accident. Leadership of our residents, business owners, and the municipal family. Where have we been and where do we want to go and be in 2040?

MONTCO 2040: A SHARED VISION COMPREHENSIVE PLAN The Montco 2040 Comprehensive Plan is a roadmap for making Montgomery County the best place to live, work, and open a business. Key Points Describe the three themes and why important Connected Communities – people felt the county could play an important role in connecting people Sustainable Places – people like their communities and want to sustain them and the natural environment Vibrant Economy – the economy remains a concern since the Great Recession MCPC MCPC

MONTCO 2040: A SHARED VISION COMPREHENSIVE PLAN County Trail Development Montco 2040 Grant Program Farmland Preservation Program County Road Projects Key Points Describe the three themes and why important Connected Communities – people felt the county could play an important role in connecting people Sustainable Places – people like their communities and want to sustain them and the natural environment Vibrant Economy – the economy remains a concern since the Great Recession MCPC MCPC

Montgomery County The effect of county projects on the housing market

Providence Town Center Perkiomen Trail opened in 2004 422 Corridor Improvements Corporate campuses expanding - SEI, GSK, Dow/Pfizer Providence Town Center 758,000 sf retail including Wegmans

Providence Town Center Toll Brothers & Madison Residential Projects 75 units built in 2014-2015 White Springs at Providence (Toll Brothers) 67 units built in 2014-2015 Providence Corner (Ryan Homes) Proposed 656 units at Residences at Providence Town Center 656 Units Proposed Residences at Providence Town Center 67 Units Providence Corner

Median Sold Price

Change in Median sold Price from 2011-2016 Providence Town Center +10.9% Montgomery + 9.2% TREND + 9.6% Change in Median Price from the Peak Year Providence Town Center 2006 + 0.4% Montgomery 2006 - 5.5% TREND 2007 - 4.5%

Days on Market

Months Supply of Inventory

Conshohocken Area Blue Route fully opened in 1992 Schuylkill River trail opened in 1995 Office growth between 1980s-90s Riverfront 2.7M sf of office 423 hotel rooms 1,400 new apartments/multi-family units added 2005-2015

Conshohocken Area Proposed: 1.27M sf of office, 920 apartments, and one hotel 610 units 418-401 Washington

Conshohocken Area 300,000 SF Office; 200-room Hotel One Conshohocken 400 W Elm

Median Sold Price

Median Sold Price Resales

Change in Median sold Price from 2011-2016 Conshohocken + 21.6% Conshohocken Resales Only + 17.4% Montgomery + 9.2% TREND + 9.6% Change in Median Price from the Peak Year Conshohocken 2005 + 12.7% Conshohocken Resales Only 2008 + 12.9% Montgomery 2006 - 5.5% TREND - 4.5%

Days on Market

Months Supply of Inventory

Ambler/Upper Dublin SEPTA improvements to Ambler (2012) & Ft Washington (2007) Stations $2.1 M in county funded downtown Ambler improvements Wissahickon Green Ribbon Trail & Open space program

Ambler/Upper Dublin Fort Washington Office Park Flooding structures - 2014 New zoning - 2013

Median Sold Price

Change in Median sold Price from 2011-2016 Ambler/Upper Dublin +11.1% Montgomery + 9.2% TREND + 9.6% Change in Median Price from the Peak Year Ambler/Upper Dublin 2005 + 2.6% Montgomery 2006 - 5.5% TREND 2007 - 4.5%

Days on Market

Months Supply of Inventory

The Perkiomen Trail Perkiomen Trail opened in 2004 (19 miles long) Oaks to Green Lane through Collegeville and Schwenksville

Median Sold Price

Change in Median sold Price from 2011-2016 Perkiomen Trail +27.7% Montgomery + 9.2% TREND + 9.6% Change in Median Price from the Peak Year Perkiomen Trail 2006 + 0.9% Montgomery 2006 - 5.5% TREND 2007 - 4.5%

Days on Market

Months Supply of Inventory

Lansdale Borough SEPTA express service less than 1 hour to city (SEPTA improvements have reduced travel time by over 10 minutes) $1.6 M in county funded downtown improvements PA Turnpike NE Extension Expansion

Lansdale Borough

Median Sold Price

Change in Median sold Price from 2011-2016 Lansdale Boro + 5.4% Montgomery + 9.2% TREND + 9.6% Change in Median Price from the Peak Year Lansdale Boro 2007 - 2.0% Montgomery 2006 - 5.5% TREND 2007 - 4.5%

Days on Market

Months Supply of Inventory

Montgomery County’s 2040 Plan: Turnpike Corridor Reinvestment Reinvigorate business parks between the Valley Forge and Willow Grove interchanges of the Pennsylvania Turnpike Existing corridor 10,500 acres 27 million SF of office 16.5 million SF of industrial 2.8 million SF of retail

Montgomery County’s 2040 Plan: Turnpike Corridor Reinvestment 7 interchange improvements (3 new; 4 improved) - new toll revenue pays for these improvements over a 20 year period Changing the Turnpike Corridor’s Business Parks with New Zoning and Interchanges adds 26,500 new jobs 4,150 new homes Employment Centers Draft rezoning of the Pennsylvania and Horsham Business Parks Source: Horsham Master Plan Illustration New interchanges

FUNDED – COMPLETION 2021 FUNDED – COMPLETION 2019

Montgomery County’s 2040 Plan: KOPRail Project 5-mile extension of rail service to KOP Mall and Business Park Connecting the region’s three largest employment centers – KOP, University City, & Center City $1.2 billion construction cost Estimated value of additional development spurred by KOPRail over 20 years source: Economy League of Greater Philadelphia

Montgomery County’s 2040 Plan: Trail Expansion

Thank you! Have a Bright day!