Saturday, April 19, 2014
Inquirer Daily News

Bucks apartments to rise on ex-office site

New Britain Corporate Center replaced by Madison New Britain 'luxury apartments'

Bucks apartments to rise on ex-office site

In the latest sign the suburban office market is (dead) slow, BPG Properties' Madison Apartment Group division plans to break ground Wednesday on 232 "luxury one and two bedroom apartments," to be called Madison New Britain, 1500 Manor Drive, Chalfont, Bucks County.

The property was previously marketed as the New Britain Corporate Center in hopes of attracting office tenants. BPG, led by Dan DiLella, recently had the land rezoned for apartments, given weak suburban office demand and the fact that home purchases have dried up, leaving more tenants in search of rental homes. 

Joseph N. DiStefano
About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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