Catellus Development Corporation Developer for the Base

The Horsham Land Redevelopment Authority (HLRA) has identified Catellus Development Corporation as the master developer for the redevelopment of the former Naval Air Station – Joint Reserve Base (NAS-JRB) Willow Grove.

The Horsham Land Redevelopment Authority (HLRA) Board directed its staff and counsel to begin negotiations with Catellus on an Exclusive Negotiation Agreement (ENA).  The ENA is the first step in establishing a master developer agreement (MDA) between the HLRA and Catellus by establishing a certain time frame for exclusive negotiations on the terms and conditions for a MDA and to identify key issues that must be addressed prior to successful redevelopment of the property. The ENA will also detail the assistance that Catellus will provide the HLRA in the upcoming negotiations with the U.S. Navy on the Economic Development Conveyance property transfer.

The HLRA Board identified Catellus after a detailed review of the proposals submitted by four development teams in late 2014.  In addition to the Catellus proposal, proposals were also received from The Hankin Group, Lennar/Toll Bros. and K. Hovnanian et al.   Each of the firms was considered highly qualified by the HLRA Board and all had experience in developing large parcels of property.  The Board interviewed representatives of each team and visited several examples of developed properties to determine which team best fit the Horsham project.

Catellus is a national leader in mixed-use redevelopment. With nearly 30 years of experience as a master developer, Catellus has transformed former airports, military bases and urban industrial sites into thriving retail, residential and commercial communities. Catellus’ past experience on similar projects include Prairie Glen Corporate Campus (Glenview, IL), Bayport/Alameda Landing (Alameda, CA) and Mueller (Austin, TX). 

This entry was posted in Concerns, In The News. Bookmark the permalink.