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Vacant Center City Philadelphia Building to Become High-End Apartments

The old Goldtex textiles factory, on 12th Street between Vine and Callowhill streets, has been empty and eroding for years.  Until now….someone has bought the vacant Philadelphia building and the plan to gut it and renovate it into 160 upscale rental apartments.

Although the sale went through just a month ago, work is already under way.  Construction is expected to start in about six months, with the goal of opening in two years, according to the company.

I am okay with this idea since they are rentals and not condos (have enough of them in center city Philadelphia)!

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November 18, 2010 - Posted by | Uncategorized | , ,

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