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The buyer, Philly Office Retail, proposes mixed-use development of the properties in the 400 block of Penn Street. A purchase price has not yet been determined and will be based on the properties’ assessments, City Auditor Maria Rodriguez said.
Seven property owners were selected for outstanding work by the city's Historical Architectural Review Board.
In the plans to repartition the apartments, some of the units would be slightly less than the required minimum size for studio apartments.
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