Friday, May 29, 2015

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. 

About this blog

PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

Reach Joseph N. at,, 215.854.5194 or 302.652.2004.

Reach Joseph N. at or 215 854 5194.

Joseph N. DiStefano