Dynamic Suburban Location with Exceptional Job-Growth. Madison Providence is a 304-unit, Class A apartment community on 32.32 acres in Upper Providence Township, Montgomery County. The Property is situated along Campus Drive, off Arcola Road, with immediate access to a Wegmans anchored 750,000 SF Lifestyle Center and over four million square feet of Class A office and biopharmaceutical research facilities occupied by GlaxoSmithKline, Dow Chemical, Pfizer, SEI Investments, and Quest Diagnostics, among others. The immediate area has experienced exceptional population and job growth but demand for quality rental apartments has been underserved. The Dow-Dupont merger has only since contributed to the location’s growth.
The Project is less than one mile to the interchange of the Route 422 Expressway providing convenient access to other major Montgomery and Chester County employers. The Valley Forge, Malvern/Exton, Great Valley, and King of Prussia submarkets are all within a 20-minute drive of Madison Providence.
Madison Providence’s strong position in the market has allowed it to increase front door pricing over the years along with consistently increasing renewal rates. Retention has hoovered around 70%, which is well above industry averages. The Class A finishes, along with direct access to units, has been a differentiator in the market.
