Five development teams were
short-listed to explore becoming master developer of the former Naval air base
in Willow Grove, Pa.
The five are:
- Catellus Development Corp. from Oakland, Calif.
- Hankin Group of Exton, Pa.
- A team comprised of K. Hovnanian of Red Bank, N.J., Basser-Kaufman of Woodmere, N.Y., Oxford Properties Group, which is a Canadian company with presence in the United States and Korman Communities of Plymouth Meeting, Pa.
- Lennar Corp. of Miami.
- Toll Brothers Inc. of Horsham, Pa.
The K. Hovnanian team was a
late entry to the original group that responded earlier this spring to a
request for qualifications from the Horsham Land Redevelopment Authority, which
is overseeing the redevelopment of the 862-acre former air base. In all, 11
companies or development teams responded.
Aside from the five picked to
move on to the second phase, the other companies that threw their hats into the
competition were American Real Estate Development of Souderton, Pa., LCOR of
Berwyn, Pa., NVR Inc. of Reston, Va., O’Neill Properties Group of King of
Prussia, Pa., and Realen Properties of Berwyn.
HRLA said in a statement the
teams were evaluated on a range of criteria including “organizational structure
and key personnel assigned to the project, experience on similar projects and
past performance of the firms on each team.”
The five selected now need to
submit detailed plans on what they would pursue for the site and one is
expected to be selected by the end of the summer as master developer.
The third and final phase of
this process will involve the newly named master developer to move forward with
a plan that the HLRA, with community input, came up with for the site. Those
plans include building a town center, residential, office, retail, recreational
and educational uses.
Source: Philadelphia
Business Journal
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