DESPITE THEIR months-long troubles with construction unions protesting outside the Goldtex Building in Callowhill, the Pestronk brothers are optimistic about plans for a mixed-use retail-residential project at the Atlantic Building, which they just purchased, on the northwest corner of Broad and Spruce streets, across from the Kimmel Center.
Michael Pestronk, a partner in Post Brothers Apartments, said Monday that the Goldtex protests have not dissuaded his brother Matthew and him from investing in the city.
"But the other incidents, which are building-trade-union-related — violence, city political problems, slander, etc. — those things are certainly a factor in our decision making, just like anything else, [such as] real-estate taxes, demand from renters, proximity to schools," Michael Pestronk said.
