Stalled Apartment Development Near Conshohocken Train Station Potentially Moving Forward with New Developer

Back in 2014, O’Neill Properties received approval to build an apartment building at 51 Washington Street in Conshohocken (top image shows location on map).

Shortly after receiving approval, O’Neill flipped the development to Mack-Cali, which was going to move forward with the project under its Roseland division.

Roseland was never able to move forward (they took down a building and dug a little when water filled the hole in 2017).

This week, the Philadelphia Business Journal published an article about a new developer LCOR having the property under agreement and looking to move forward with an apartment building.

From the Philadelphia Business Journal:

LCOR is also exploring a development opportunity on land it has under agreement at 51 Washington Ave. in Conshohocken. It is buying the land from Roseland, an affiliate of Mack-Cali, which bought the 3.24-acre property in December 2014 for $14.1 million, according to Montgomery County property records. The company had plans to build a $70 million, 298-unit apartment project on the property but never did and decided instead to put it up for sale. LCOR expects to start construction on a project early next year, DiLullo said.

More to come.