Last month, the Upper Dublin Planning Commission received a proposal on behalf of Dresher-based BET Investments to build a residential, retail and commercial development on the Prudential tract at 2101 Welsh Road in Dresher.

Today, the Philadelphia Business Journal provided additional details about the project, which, all told, calls for 600 apartments, 160 stacked townhomes, 150 senior and assisted living units, a 100-room hotel, 106,000 square feet of shops and restaurants, 100,000 square feet of medical or office space, a police substation and connected trails with outdoor exercise stations.

BET Investments President Michael Markman told the Journal that it’s their “legacy project.”

“It’s just taking into account the planning on a very large parcel of ground on an infill location. It’s rare we have the opportunity to do that,” Markman told the Journal. “Because we are here and it’s where my office is, we put much, much more thought into it than we have in a lot of other occasions. It puts us in a situation where we can make one of the most interesting projects that’s ever been built in the Philadelphia suburbs.”

According to Markman, a text amendment for a zoning change to allow for the hotel, townhomes and senior living units could take three to four months and the following conditional use and site plan approval could take most of 2025.

Construction for the apartments could begin by the end of 2025 while the majority of the project is expected to be finished within five years. Demolition is planned to begin in mid-August.

Monthly rent for studio, one-bedroom and two-bedroom apartments is projected to average $2,500, a price tag which would include an indoor and outdoor pool, office spaces, podcast rooms and a large fitness center, according to the article.

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Rendering: Gilmore & Associates Inc., | Photo: Google