Categorized | Business

New Activity Stirs For Gateway At Sanatoga Project

An artist's rendering of the proposed Gateway At Sanatoga project.

LIMERICK PA – With its Uptown Worthington shopping center set to open 24 miles away in Malvern next month, and fresh out of a Philadelphia courtroom Monday (June 21, 2010) – where it has lodged an $297 million lawsuit against a regional bank – it may be that O’Neill Properties Group is ready to turn its attention back to Limerick (PA) Township and the languishing Gateway At Sanatoga retail project.

O’Neill, the King of Prussia PA-based developer that first proposed Gateway (initially known as “Sanatoga Springs”) during August 2008, has not made any public announcements to that extent. However surveyors and other small work crews have been seen on the project site, at the southwest side of the Sanatoga interchange of U.S. Route 422, during the past two weeks.

In addition, a 13-page promotional brochure which the company refers to as a “pattern book” and which is dated 2010 insists Gateway’s first tenant, a Costco warehouse store, intends to open before year-end. Costco representatives could not be reached Thursday (June 24) for confirmation, although construction sources say it is unlikely the store would be completed and operating within six months.

The same brochure indicates that, in addition to Costco, O’Neill also has secured commitments for an L&T outlet store of clothing retailer Lord & Taylor, an Off 5th outlet store of Saks Fifth Avenue, and a Bloomingdale’s unit.

News about Gateway has been scarce since December (2009), when the Limerick Board of Supervisors approved a list of waivers for the project. No construction schedule was announced at the time.

Both Limerick and neighboring Lower Pottsgrove Township continue to collaborate on plans to control development across what is called the interchange district. Just last week, Lower Pottsgrove’s Board of Commissioners authorized a consultant to draw up an official district map to graphically show builders and property owners how it wants traffic to flow there. Limerick approved a similar map earlier in the month.

O’Neill is a company accustomed to juggling many balls at once; it currently has residential, mixed use, and commercial projects under way in several states. Its attention has been focused lately, however, on Worthington, where a Wegman’s supermarket similar to the one in Collegeville and a Target department store are scheduled to open in July; and on a lawsuit over financing for Worthington that pits O’Neill against Citizens Bank of Pennsylvania.

Attorneys for O’Neill and Citizens were Philadelphia Common Pleas Court on Monday, arguing over the merits of O’Neill’s claim that the bank did not provide funding the company said it had promised.

Related:

Artist’s rendering from O’Neill Properties Group

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2 Responses to “New Activity Stirs For Gateway At Sanatoga Project”

  1. Evergreen says:

    Great Scoop!

    Leave it to the Sanatoga Post to be out ahead of the papers on this one.

    Sanatoga is electric with the rapid growth!

  2. Evergreen says:

    Only concern, which is a major concern, is this plan continues to show only Lightcap Road as the entrance into this 400 acre campus.

    O Neill ran into issues with Wegmans on this same issue.

    We should hope our public safety directors take a look at this situation as this could be a disaster waiting to happen. Essentially Sanatoga development is two times larger than the King of Prussia Mall and Court. There are 16 entrances into those complexes.

    One road is dangerous.

    The Supervisors approved this development without traffic improvements. They are opening our town up problems. The Chief of Police should weigh in on this as he will be responsible for control if something happens.

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