As Hankin Group opens a new 113,000-square-foot life sciences building at 240 Sierra Drive to tenants, the developer is planning its next lab building as part of its massive master-planned Eagleview development in Exton. Hankin Group is scheduled to break ground on a 63,000-square-foot life sciences building this fall at 100 Arrowhead Drive in Upper Uwchlan Township. The reason for the new building, dubbed Arrowhead, is evidenced by Eagleview's 1.1 million square feet of lab space being 98% leased, according to COO Michael Hankin. Arrowhead is being scheduled to be built as Hankin Group plans a separate $700 million pipeline of five future large-scale, mixed-use multifamily projects. The five multifamily projects could ultimately add up to more than 1,500 new apartments in the next five years between properties in Exton, Downingtown, Lancaster and Downingtown, and Gainesville, Florida. The residential units are planned to be a mix of market rate and senior housing. Hankin is still determining timelines for when the projects could begin.
Source: Philadelphia Business Journal; 8/20/2024