Tower Health announced it is selling 80 acres in Spring Township to developers who plan to build a high-end retail and restaurant complex.
The Goldenberg Group, based in Blue Bell, and TCH Realty & Development Co. LLC, of Staten Island, have agreed to buy the undeveloped land, part of 103-acre parcel bordered by Broadcasting and Paper Mill roads and Route 222.
Tower Health and Timothy C. Harrison, principal of TCH Realty & Development, declined to comment on the sale price.
Tower Health, which owns the remaining 23 acres, said it could develop the land for a variety of outpatient and ambulatory services.
“As this area has grown, we are seeing increasing demand for convenient access to outpatient health care,” Clint Matthews, president and CEO of Tower Health, said in a statement.
TCH Realty & Development and The Goldenberg Group developed the Broadcasting Square Shopping Center on Paper Mill Road in Spring Township in 2001 and the Hamilton Crossings Shopping Center in Lower Macungie Township, Lehigh County, in 2016.
The 550,000-square-foot Hamilton Crossings was built for $140 million on a 72-acre site that was a former blighted iron mine off the Route 222 Bypass.
Hamilton Crossings includes a mix of big-box retailers, such as Whole Foods, Costco, Dick’s Sporting Goods, Target and high-end retail, such as Nordstrom Rack, and restaurants. The Spring Township development is also expected to include big-box retailers, according to a news release.
“We are excited about the economic and community benefit that will come as this property is developed,” Matthews said.
“Development of this location will allow Tower Health to better serve the community, and we look forward to working with the community and the township as our plans move forward,” he said.