During the late 1950s the majority of the housing was built by the Korman Corporation as a planned community to be called Parkwood Manor A neighborhood commercial center was added in the 1960s at Byberry and Academy Roads, and it is still owned by Korman. During the late 1970s and early 1980s, the City of Philadelphia established Byberry Industrial Park and approved development of the Franklin Mills Mall (now Philadelphia Mills Mall) on the former Liberty Bell Park (race track). Soon after, the Community College of Philadelphia opened its Northeast location in the Parkwood area.