Hankin Group Plans Nearly 1,000 Apartments in Downingtown/Exton Area

April 6th, 2018

“Apartment living has been gaining traction in the suburbs and now apparently even in the exurbs. ‘There’s a lot of pent up demand for it,’ said Michael Hankin, Chief Operating Officer of Hankin Group.” See how Hankin Apartments is helping to fill that need:

Article via Bisnow and VistaToday

Downingtown Demo Day

January 22nd, 2018

On Friday, January 19th, the stacks of the old Sonoco paper mill in Downingtown, PA were imploded. Apartments, shops and a new train station will be built in place of the dilapidated and abandoned paper mill. We’re looking forward to working with the town to create a new gateway to Downingtown. Watch this video for a recap of the day’s events!


Hankin Group sets sights on new apartments in Exton

November 20th, 2017

Hankin Apartments is developing Keva Flats, a 21-acre, five-building community that will contain 240 units on Business Route 30 just west of Route 100.
An artist’s rendering of what one part of Keva Flats will look like when it’s built.

Hankin Group is working on its latest apartment project in the Downingtown-Exton area and plans to have it open for occupancy in August.

Hankin Apartments, headquartered in Exton, is developing Keva Flats, a 21-acre, five-building community that will have 240 units on Business Route 30 just west of Route 100, between Whiteland Towne Center and Otto’s Mini car dealership.

The styling of the new apartments “blends natural materials with floor to ceiling windows, bold angles and open floorplans,” the company announced in a recent statement updating the project.

In addition, the apartments will feature modern finishes such as quartz counters, tile back splashes, plank flooring and Grohe faucets.

Designed by the international architectural firm Norr, Keva Flats will mix one- and two-bedroom units and will include covered parking. The project’s final price tag will be about $60 million. The buildings will be four stories over parking areas.

Michael Hankin, chief operating officer, and Rebecca D. Reeves, vice president of operations at Hankin Apartments, said the development will be walkable.

A sidewalk will go along Lincoln Highway to connect Keva Flats to the Whiteland Town Center. There will also be a sidewalk along Waterloo Boulevard to meet up with Miller Park. Eventually, the developers hope to link the sidewalks to the Chester County trail system.

Millennials and residents moving from single-family homes are the likely market for the apartments that will rent for $1.365 to $2,450 a month, Hankin and Reeves said in an interview last week.

The apartment market in the Exton area is hot right now but, Hankin pointed out, “we’re first in line.”

“It’s a real shift in living preferences,” Hankin said of the trend toward apartments. Millennials with added school loan debt aren’t ready to invest in housing as early as preceding generations, while many Baby Boomers are interested in getting away from home ownership maintenance responsibilities, he noted.

There are 1,000 rental units expected to go online in the Exton-Downingtown area in the next five years, Reeves said.

Another reason for the popularity of apartments?

“There’s not as much of a supply in Chester County of affordable new houses,” said Hankin.

Keva Flats will include a clubhouse with a coffee bar, business lounge and a multi-sport simulator. It also will have a fitness center and yoga studio, a private dining room, a club room with demo kitchen and a rooftop terrace with fire pits, grill and seating. There is a sport court that offers basketball, tennis and volleyball. Adjacent to the sport court will be an outdoor pool with grilling stations. Dogs will be welcome, too, the developers said.

“This is an exciting project for us,” Reeves said. “At Keva Flats, our goal is to develop a sense of place and simplify life.”

The Hankin Group is also busy in nearby Downingtown. It has acquired 68 acres at the intersection of Boot Road and Route 322 (Brandywine Avenue) on the former Sonoco property. It plans to build 442 apartments atop 14,200 square feet of retail space there.

The approved conditional use application for that development includes a mixed-use transit oriented development at the site of what officials hope will be the new Downingtown Amtrak/SEPTA Train Station, according to a recent report in the Daily Local News.

Hankin Group: Developing Communities

November 7th, 2017 | Tags: ,

Check out our new video to learn more about who we are and how we’re developing communities. Click here to watch.

Bob Hankin: Executive of the Year

November 6th, 2017 | Tags:

Thursday, November 3rd, Longwood Gardens hosted The Chester County Chamber of Business & Industry’s annual dinner where our CEO, Bob Hankin, was honored as Executive of the Year. Congratulations Bob! Read more about the dinner here.

New Project in Downingtown

August 28th, 2017 | Tags: , ,

Exciting news! We are proud to work with the Downingtown Borough on our latest project. Read more about it here:

CII council

Jack Purcell – VP of Commercial Leasing & Sales Wins CII Council Award

April 26th, 2017

Last week, Jack Purcell, our VP of Commercial Leasing & Sales, was awarded Most Significant Flex Lease by the CII Council. Congrats, Jack! Read more here.

Hilton Garden Inn – LEED News

April 19th, 2017

Solar usage at hotels and resorts is becoming more popular around the globe. Our hotel, the Hilton Garden Inn Exton/West Chester was featured in a Green Lodging News article on the power and benefits of solar usage! Read the full article, Mature Technology Makes Solar a Powerful Option for Water Heating, for more information.


Hankin Expands to Florida – Take a Peak at Our Latest Acquisition!

April 17th, 2017

Hankin Group Acquires Tioga Town Center


Company Ownership Has Strong Gainesville Ties


GAINESVILLE, Florida; April 13, 2017 – Hankin Group, developer and manager of distinctive commercial, residential, hospitality and retail properties, today announced the purchase of Tioga Town Center in Newberry, Florida.


Known for its mix of open air shopping, dining, professional tenants, education and luxury apartments, Tioga Town Center has been a fixture in the region since it opened in 2004. The 300,000-sq. ft. community combines the friendly feel of small town America with all the conveniences expected by area residents and visitors to the region.


“We are proud of the Hankin family’s significant, lengthy involvement with the Gainesville community, which makes this an even more meaningful acquisition,” said Hankin Group’s Chief Operating Officer Michael Hankin. “I have fond memories of growing up in the region and two of our partners, Sam and Richard Hankin, are proud UF alumni who developed residential and commercial projects in the region during 1970s and 80s, including Avalon/Weatherstone and the Meridian Office Park.”


Hankin Group is committed to the principles of town planning and walkable, mixed use development and was an early member of the Congress for the New Urbanism. Robert Hankin, Hankin Group’s CEO, said, “Tioga Town Center is the first community that we have found that was built by another developer and meets the high standards of quality in construction, design and planning that we seek in building our portfolio of town center communities. We are excited about the completion of Tioga Town Center and look forward to making it an even more vibrant community.”


In addition to acquiring all the commercial space at Tioga Town Center, Hankin Group’s Hankin Apartments’ division will oversee The Flats at Tioga Town Center, 40 popular luxury apartments that are an integral part of the community. Hankin Apartments is the multi-family division of Hankin Group, a division that has been building and managing residential communities for more than 60 years. Hankin is working with Front Street Commercial Real Estate Group to assist with the day-to-day operations for Tioga Town Center, including The Flats.


“We have truly enjoyed our experience as owners of Tioga Town Center and look forward to seeing it continue to grow under new ownership,” said Horst Ferrero. “We will continue to own multiple properties locally and pursue new developments across the region. I have great confidence in the new ownership at Hankin Group and it’s heartening to know that they have such meaningful ties to the community.”


Both Hankin Group and Front Street operate with a strong philanthropic philosophy in mind. Hankin Group’s Hankin Foundation, founded in 1984, is dedicated to supporting local and global community institutions, non-profit organizations and other selective charitable efforts. The foundation, which emphasizes building relationships with quality charitable organizations offering programs that make a difference in their communities, contributes to about 100 charitable organizations per year. Similarly, Front Street supports the community through its INVESTED program, which gives 10 percent of all brokerage revenue to local, cause-related organizations.

Click here for more information on this acquisition.

philly mag article

Philly Mag Writes about Suburban

February 28th, 2017

Thanks Philly Mag for writing about Suburban Restaurant and Beer Garden! As the opening of Eagleview Town Center’s latest restaurant quickly approaches, our excitement grows. Suburban’s Chef, Eric Yost, is a Chester County native with extensive experience in the restaurant industry. Click here to read Philly Mag’s full article for more information on Eric and his new restaurant.