Phoenixville Named 'Hottest Suburban Philadelphia Town' By Philly Mag

PHOENIXVILLE, PA -- Phoenixville was named one of the area's "10 Hottest Suburban Philadelphia Towns" in Philadelphia Magazine's March issue.

Phoenixville was one of three Chester County towns to be included on the list. Other local towns include Malvern, West Chester, Ardmore, and Newtown. Click here to see the full list.

"This borough is a case study in downtown revitalization, with a main street that gets more vibrant every year," the magazine said.

Here's what Philly Magazine had to say about the Steel City:

Here’s something to consider: Rent for a two-bedroom apartment in Phoenix Village — one of a few newly opened upscale apartment buildings here — is around $2,000 a month. There’s a reason for that. The historic Colonial Theatre — of The Blob fame — is currently getting a state-of-the-art redo, and revamped theaters are traditionally boons to local economies. That downtown life brought in the apartment buildings, including a 2016 Toll Brothers project called Riverworks that has a rock wall and dog spa; proposals could see another 1,000 rental units in the next few years.

The magazine also cited the Schuylkill River Trail, affordable pricing on homes on the edge of town, and the proximity to business centers in Malvern and King of Prussia.

Overall, home values in Phoenixville have increased 16 percent over the last five years.

Patch file photo