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A Schwenksville developer wants to convert a former Pennsburg factory into an apartment complex. On Tuesday, Lance Silver and a Pennsburg engineer appeared before the borough's planning commission for a review of his proposal to rehabilitate the former Mutual Industries C & D Battery factory into an apartment complex.
Silver, the principal of Silver Rhino Development, recently submitted a sketch plan to the municipality to create 13 rental units in the two-story structure next to the St. Mark's Evangelical Lutheran Church Cemetery. The developer told the commission that he has reached an agreement of sale with the current owner of the property at 300 Penn Street, Edmund Dunn, CEO of Mutual Industries.
Dunn, with a mailing address of West Grange Street in Philadelphia, has owned the property since 1991. Its appraised value is $247,510, according to property tax information posted on Montgomery County's website. The current owner is utilizing the structure to store industrial fabrics.
Most of the apartments will feature ...