The Hankin Group has 373 units set to come online in Chester County by the end of 2026 as part of the second phases of three projects in Downingtown and Exton. In Downingtown, Hankin is building its River Station complex around the future location of the Downingtown SEPTA station, and recently broke ground on the project’s 160-unit, $45 million second phase. At Eagleview, an 800-acre master-planned community in Exton, Hankin’s newest project is a 117-unit independent living facility. Elsewhere in Exton, the developer is moving onto the second phase of its Keva Flats development. The first phase saw 242 units built off of Waterloo Boulevard, and phase two calls for 96 units across two buildings. The Philadelphia suburbs ranked as the fifth-hottest rental market in the nation, according to a July report from RentCafe. Suburban Philadelphia apartments had a 94.9% occupancy and saw a renewal rate of 77.9%, which was the highest among the top 20 markets.
Source: Philadelphia Business Journal; 8/14/2025