Reading may have a new developer for the long-stagnant Dana South site.
City Council at its regular meeting Monday introduced an ordinance that would authorize the sale of the former industrial property at 1 Berkshire Place to C&B Development LLC for $5 million.
The property would be developed for industrial, warehouse, distribution and manufacturing purposes.
Council held an executive session to discuss the sale before the public meeting.
The parcel is part of the city’s Riverview Industrial Park and formerly part of the Dana Corp. manufacturing complex, once one of Reading’s largest industrial employers. That facility, which produced automotive components including axles and drivetrain parts, closed in the early 2000s.
The city bought the property in 2019 for about $1.54 million.
Council voted in 2023 to sell the parcel to NewCold USA Real Estate Holding LLC for $4.5 million. The company had been working to secure necessary approvals for a cold-storage warehouse at the site. It withdrew its plans in January 2025, citing issues that included height restrictions and the site’s location within the flight path of Reading Regional Airport.
Subsequent efforts have focused on preparing the site for future investment, including securing a $250,000 state grant in 2025 to conduct environmental studies, infrastructure evaluations and other planning work needed to attract new industrial development.
Reading awarded $250,000 PA grant to help redevelop former Dana site
Officials have said the property’s size, infrastructure and industrial zoning make it one of the few locations in the city capable of accommodating large-scale manufacturing or distribution facilities.
Further details about the proposed development, including potential tenants or construction timelines have not yet been made public.
Council could vote on the matter as early as its March 23 meeting.