Providence Town Center Explained

Providence Town Center
Location:Upper Providence Township, Montgomery County, Pennsylvania, United States
Coordinates:40.1654°N -75.478°W
Opening Date:October 2009
Developer:Brandolini Companies, Inc.
Manager:Finmarc Management Inc. and KPR Centers
Owner:Finmarc Management Inc. and KPR Centers
Number Of Stores:70
Floor Area:7580000NaN0[1]
Publictransit: SEPTA bus:

Providence Town Center is a lifestyle center located near Collegeville in Upper Providence Township, Montgomery County, Pennsylvania. It is located at the interchange between U.S. Route 422 and Pennsylvania Route 29. The Providence Town Center has Wegmans, Movie Tavern, Best Buy, LA Fitness, Dick's Sporting Goods, Michaels, and PetSmart as anchors.

History

Providence Town Center was developed by Brandolini Companies, Inc. The first phase of Providence Town Center opened in October 2009, consisting of Wegmans and several other large retailers.

At this time, the center was 73 percent leased and several retailers had pulled out of plans of opening stores at the center because of the Great Recession that was occurring. These issues caused the second phase of the Providence Town Center to be delayed.[2]

Movie Tavern opened at the Providence Town Center in spring 2011. By this time, more retailers started showing interest in opening at Providence Town Center.

In 2012, work on the second phase of Providence Town Center took place, adding several new retailers and restaurants.[3]

In 2022, Providence Town Center was sold by Brandolini Companies, Inc. to Finmarc Management Inc. and KPR Centers for $161.75 million.[4]

Notes and References

  1. Web site: Providence Town Center. January 20, 2014. Brandolini Companies, Inc.. https://web.archive.org/web/20140201222323/http://www.brandolinicompanies.com/Documents/PDF/PTC%2011x17%20Brochure_Nov%202013.pdf. February 1, 2014. dead.
  2. News: Mastrull. Diane. November 8, 2009. A vacant village. The Philadelphia Inquirer. January 20, 2014.
  3. Web site: Kostelini . Natalie . January 20, 2014. Providence Town Center closing in on leasing goal. Philadelphia Business Journal . March 30, 2012.
  4. Web site: Kostelini . Natalie . February 19, 2022. Providence Town Center in Collegeville sells for $162M. Philadelphia Business Journal . February 18, 2022.