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Baldwin Towers sale eyed to spark 850 jobs in Eddystone
Delco officials approve a plan to sell the vacant Baldwin Towers to Preferred Real Estate Investments for 1.52 million cash. The eight story octagonal building, once the Baldwin Lima Hamilton Locomotive Works, will be redeveloped into an office complex housing about 20 companies with at least 850 employees. Preferred plans a 7.8 million upgrade including a new bridge, landscaping, utilities, a lobby and lighting to attract tenants within two years. The deal, tied to RTC transfer and county redevelopment funds, signals a major southern Delaware County rebirth as riverfront confidence grows.
MENTIONED IN THIS ARTICLE
Céunty
J. Patrick Killian
Delaware County
Paul G. Mattus
Baldwin
Preferred Real Estate
Route 291
Chester Pike
Resolution Trust Corp
Congress
Savings
RTC
Killian
Baldwin Towers
Lee Tire
County Redevelopment Authority
Philadelphia
Riverfront
Ivery Flat
Steve Italiano
CB Commercial Real Estate Group, Inc
Wayne
Baldwin-Lima-Hamilton
Concordia Federal Bank For Savings of
Lansing
Ill
Federal Deposit Insurance Corp
Laurence Esmonde
Esmonde
County Een Authority
Redevelopment Authority
Eddystone
Ridley