Jenkintown-based Goodman Properties has won the bid to
develop a 200-acre-plus parcel on Sproul Road in Marple Township, property
owned by the Archdiocese of Philadelphia that backs up to Cardinal O'Hara High
School.
The development could consist of as many as 300 houses and
800,000 to 1,000,000 square feet of commercial space, including a Wegman's
supermarket, said real estate brokers familiar with the deal.
"All I can say is we're very excited to be selected as
developer," Bruce Goodman, owner of Goodman Properties, said Friday.
"Other than that, I can't comment at this time."
He would not say how much the deal was worth. Competing
developers said the winning bid totaled $44 million for the property at 1971
Sproul Rd. Jeff Cohen of CBRE-Fameco was the broker.
An agreement of sale has not yet been signed, said
archdiocesan spokesman Kenneth Gavin.
In an e-mail, Gavin wrote: "The property on Sproul Road
was marketed for sale by the archdiocese some time ago and consists of over 230
acres. . . . As has been our past practice, we will make a public announcement
about a transaction if and when we reach such an agreement."
The parcel stretches from Eagle to Reed Roads, extending
along Reed to the Lawrence Park Industrial Center.
With the goal of selling the entire tract except for the
high school grounds, the archdiocese solicited requests for proposals, said
Marple Township Solicitor Adam Matlawski. The township did not participate in the
evaluation or selection process.
"The anticipated proposed development is very large and
very significant," said Matlawski, a partner in the Media law firm
McNichol, Byrne & Matlawski.
"The review process they have to go through will
necessarily involve hard looks at everything, including quality of life,
traffic, storm-water runoff, as well as experts in engineering and urban
planners," he said Friday.
The developer will be required to appear before the township
commissioners, the Planning Commission, and the Zoning Hearing Board for
conditional use and other relief, Matlawski said, adding, "There will be a
number of public hearings."
Source: Philly.com
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