Tuesday, September 29, 2009

Centenary Tower Up for Auction

The Centenary Tower at 1530 Locust is scheduled to hit the auction block tomorrow at noon at the Civil Courts building.

The 100-unit apartment building was vacated more than two years ago by its former owner, Centenary Housing of Portland, Maine. The top seven floors of the 10-story building contain the apartments, while a YMCA occupies the lower floors. The YMCA's portion of the building is not included in the sale.

Built in 1925, Centenary Tower primarily served as housing for seniors and the disabled for more than three decades before it was shut down due to unsafe conditions.

It will be good to get this building under new ownership and hopefully filled with residents again at some point. With redevelopment of the adjacent Leather Trades Building coming soon as well, the 1500 and 1600 blocks of Locust could have a bright future ahead of them.

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