A new high-end Center City residential tower is hitting the market, just as many experts fear an apartment glut

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The building at 219 South 12th St. is mostly studios and one-bedroom units, and the developer says its geared toward young professionals looking to work and live in Center City.

A new high-end Center City residential tower is hitting the market, just as many experts fear an apartment glut

“You can look at the market in totality and yes, there’s a record number of units coming online,” said John Usdan, CEO of Midwood. “But we look at the real estate business in terms of a specific block, a specific neighborhood.

The building is largely completed, and Midwood plans for leasing to begin this spring, and the first occupants to move in this summer. The final touches will be completed in the fall. Originally, mural artist Michelle Angela Ortiz and Midwood were in talks to create a new version of the mural, or another related work, but when the company

 

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