After a six-year process, Korman Communities and Goodman Properties have broken ground on AVE Horsham, a 274-unit luxury apartment building at 723 Dresher Road in Horsham, replacing a demolished former Telerx call center the partners bought for $2.9 million in 2020. The four-story building is expected to be completed by early 2028 and will offer studios, one- and two-bedroom units averaging 1,000 square feet, along with 13,000 square feet of indoor amenities, two outdoor courtyards and over 440 parking spots. Korman co-CEO Brad Korman credited Horsham Township officials for their unusually welcoming stance toward the project, contrasting it with the typical suburban resistance to apartment development. The developers frame the project as a better use of the site than a vacant office building, generating more tax revenue while adding to the Philadelphia suburbs' tight housing supply — a market where Korman's similar AVE properties in King of Prussia, Blue Bell and Malvern are running at 95% to 97% occupancy.
Source: Philadelphia Business Journal; 5/6/2026