Equus Capital Partners scored a huge win for itself and developers across the state when the Pennsylvania Supreme Court ruled in its favor regarding a proposed mixed-use development in Newtown Square, Pa.

The 4-to-3 ruling issued yesterday concludes a years-long battle over Ellis Preserve Town Center and a so-called planned residential development ordinance Newtown Square officials signed off on in 2009. A planned residential development, or PRD, is a state law that allows mixed-use development in municipalities.

The case has far reaching implications for developers and townships. The ordinance had the potential to totally alter the way developers and municipalities have approached land development and planning for more than four decades.

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"It confirmed how developers and legal practitioners had been using the PRD statute and law," said Rob Palumbos, an attorney with Duane Morris who represented Equus Capital, a Philadelphia real estate firm. Rob Byer, Marc Brookman and Andrew Sperl were also on the Duane Morris legal team.

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