orphan as no other articles link to it . please introduce links to this page from related articles ; try the find link tool for suggestions . august 2014 post brothers apartments industry real estate development founder matthew pestronk and michael pestronk headquarters philadelphia united states area served philadelphia area website postrents.com post brothers apartments is a multi family property development company based in philadelphia and has carried out various large scale projects in the city . since the company s formation in 2007 the company has acquired and renovated numerous residential apartment buildings in the philadelphia area . post brothers is responsible for the restoration and development of the historic goldtex building in downtown philadelphia and the renovation of rittenhouse hill a 624 unit project in northwest philadelphia totaling over 250 million in value purchased and is beginning the renovation of garden court a 105 unit apartment building in university city part of a 250 million investment strategy in the neighborhood ; 1 and presidential city a 200 million redevelopment of the historic 1 000 unit complex on city avenue among other projects . contents 1 history 2 other notable projects 3 non union contractors 4 accolades 5 references history edit founded by brothers matthew and michael pestronk in 2007 post brothers is a vertically integrated residential real estate company . 2 in november 2011 post brothers began work on the rehabilitation of an existing building known as rittenhouse hill in germantown philadelphia which would eventually contain 624 housing units including a mixture of studios one bedroom and two bedroom apartments and over 30 000 square feet in retail space . 3 multi million dollar renovations were completed in july 2013 . the build was highlighted by multi housing news for its implementation of many green building features including energy efficient lighting and a heating and air conditioning system utilizing a high efficiency electric heat pump . 4 the building is completely powered by wind generated power and became the first building in philadelphia of this size to use wind energy as the sole source of energy . 5 in 2012 post brothers announced that they would commence with the refurbishment of the goldtex building at an estimated cost of 40 million . when completed the building would be home to approximately 160 loft style apartments ranging from studios to three bedrooms ; and 7 000 square feet of retail space . in january 2016 goldtex received philadelphia s first leed gold level certification for a residential high rise with green building features such as 100 % wind generated power energy star rated appliances highly efficient heating and air conditioning system balancing demand throughout the building . 6 goldtex has a close proximity to center city philadelphia and had previously been a shoe factory built in 1905 . 7 shortly after the announcement of the building project the company was criticized by several local unions as the project was offered to non union contractors . 8 in 2012 post brothers purchased a historic four building known as the presidential city apartments . after renovations are complete the complex will feature 1038 apartments approximately 8 000 square feet of retail and an outdoor lounge and pool area . 9 post brothers purchased a 320 000 square foot partially vacant office building out of foreclosure located on 260 south broad street in philadelphia for over 27 million in july 2012 . post brothers is expected to convert the former office building into residential apartments or condominiums . 10 post brothers most recent redevelopment projects include the purchase of garden court plaza a 1920 s era 13 story 146 unit apartment complex located in university city and roosevelt apartments located in center city . other notable projects edit post brothers apartments has been responsible for a number of other notable building projects throughout philadelphia . the company was responsible for the renovation of the historic delmar morris apartments in east falls philadelphia . other projects in east falls area include the 42 unit pastorius court apartments that was gut renovated in 2010 ; cloverly park apartments finished in 2009 ; and a 92 unit copley manor apartments that were sold in 2013 . non union contractors edit in 2012 post brothers apartments hired a number of non union workers for a large downtown development project and was involved in an acrimonious battle with representatives of the local construction labor unions when the union affiliated workers were awarded only 40 % of the project including demolition and electrical work . 11 the two founders commented on the project stating that they were backed into the situation of opening the project to non union labor because of project costs rather than having political motives . 11 accolades edit the founders of the company matthew pestronk and michael pestronk were both part of philadelphia magazine s 20 best philadelphians list . 12 references edit jennings james . post brothers betting big on university city ; plans garden court revamp . philadelphia magazine . jim nez lutter marta . post brothers apartments . construction today . steele jeffrey july 18 2012 . rittenhouse hill development redefining green in philadelphia . multi housing news . mosbrucker kristen 28 march 2012 . rittenhouse hill developers get funding for major overhaul of germantown site . newsworks . philly deals rittenhouse hill apartment renovations moving forward . philadelphia inquirer . 28 march 2012 . philly.com goldtex apartments get leed gold level tag by jacob adelman january 14 2016 ballinger barbara october 24 2013 . great adaptations derelict warehouse transformed in downtown philly . multi family executive . saffron inga . changing skyline unions developers stuck in standoff over philadelphia building . philadelphia inquirer . a 100m renovation of the once elegant presidential city on city ave. planned . philadelphia business journals . distefano joseph n. 23 july 2012 . offices to apartments s. broad tower sold for 22m . philadelphia inquirer . a b volk steve 25 october 2012 . the brothers who busted philly unions . for good . . philadelphia magazine . 20 best philadelphians august 2013 . philadelphia magazine . pp. 119 120 . retrieved from https en.wikipedia.org w index.php title post brothers apartments & oldid 743705888 categories housing organizations in the united stateshidden categories orphaned articles from august 2014all orphaned articles navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 10 october 2016 at 20 15 . text is available under the creative commons attribution sharealike license ; 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