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

2. 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?

3. 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?

4. 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?

5. 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?

6. 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

7. 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

8. Montgomery County
The effect of county projects on the housing market

9. 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

10. Providence Town Center
Toll Brothers & Madison Residential Projects
75 units built in White Springs at Providence (Toll Brothers)
67 units built in 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

11. Median Sold Price

12. Change in Median sold Price from 2011-2016
Providence Town Center %
Montgomery %
TREND %
Change in Median Price from the Peak Year
Providence Town Center %
Montgomery %
TREND %

13. Days on Market

14. Months Supply of Inventory

15. 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

16. Conshohocken Area
Proposed: 1.27M sf of office, 920 apartments, and one hotel
610 units
Washington

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

18. Median Sold Price

19. Median Sold Price Resales

20. Change in Median sold Price from 2011-2016
Conshohocken %
Conshohocken Resales Only %
Montgomery %
TREND %
Change in Median Price from the Peak Year
Conshohocken %
Conshohocken Resales Only %
Montgomery %
TREND %

21. Days on Market

22. Months Supply of Inventory

23. 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

24. Ambler/Upper Dublin Fort Washington Office Park
Flooding structures
New zoning

25. Median Sold Price

26. Change in Median sold Price from 2011-2016
Ambler/Upper Dublin %
Montgomery %
TREND %
Change in Median Price from the Peak Year
Ambler/Upper Dublin %
Montgomery %
TREND %

27. Days on Market

28. Months Supply of Inventory

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

30. Median Sold Price

31. Change in Median sold Price from 2011-2016
Perkiomen Trail %
Montgomery %
TREND %
Change in Median Price from the Peak Year
Perkiomen Trail %
Montgomery %
TREND %

32. Days on Market

33. Months Supply of Inventory

34. 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

35. Lansdale Borough

36. Median Sold Price

37. Change in Median sold Price from 2011-2016
Lansdale Boro %
Montgomery %
TREND %
Change in Median Price from the Peak Year
Lansdale Boro %
Montgomery %
TREND %

38. Days on Market

39. Months Supply of Inventory

40. 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

41. 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

42. FUNDED – COMPLETION 2021
FUNDED – COMPLETION 2019

43. 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

44. Montgomery County’s 2040 Plan:
Trail Expansion

45. Thank you! Have a Bright day!