Sunday, December 21, 2014

O'Neill site on Main Line faces auction

Apartments may replace gun factory at 1400 Mill Creek, Gladwyne, Lower Merion

O'Neill site on Main Line faces auction

1400 Mill Creek Road, Gladwyne, Lower Merion Township, a 2.2-acre ex-industrial site now zoned for apartments, will be sold at auction by Sheldon Good & Co., via sealed bids, due Dec. 12. More here.

The site, east of Conshohocken State Road (PA 23) and west of Belmont Hills (West Manayunk), which includes an early 1800s former stone gun factory and ammo depot, is owned by O'Neill Properties, Brian O'Neill's King of Prussia redeveloper.

O'Neill has turned the region's former "brownfield" former industrial sites into apartments and commercial sites in Conshohocken, Exton, Valley Forge, Wilmington, and in New Jersey and New England.

O'Neill received Lower Merion approval to renovate the stone buildings and build new apartments, for a total of 33 units, but plans to liquidate its interest and let someone else execute the plan (or some other), according to Good coo Mark Troen.

Joseph N. DiStefano
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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 or 215 854 5194.

Joseph N. DiStefano
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