New Costco planned for Gateway at Sanatoga, Limerick Township, Pa.

King of Prussia, Pa. O'Neill Properties Group announced that Costco has completed the purchase of 14 acres at Gateway at Sanatoga in Limerick Township, Pa.

Costco will anchor the first phase of the 450,000-sq.-ft. retail development with an opening scheduled in the spring of 2011.

Gateway at Sanatoga will open Phase I in spring of 2011 with Costco and an additional 76,500 sq. ft. of retail, restaurants and banks. Phase II, comprising approximately 190,000 sq. ft. is scheduled to open fall of 2011. Anchors, junior boxes, specialty retail, hotels and restaurants are being sought.