It’s the end of an era.
PhillyClout has learned that Democratic City Committee is selling their longtime party headquarters on Walnut Street near Broad. The building, smack in the middle of the Center City shopping district, commanded a price of about $2 million, according to sources.
Party chairman U.S. Rep. Bob Brady said he was sad to move from the place that local Democrats have called home for more than fifty years, but that the building was just too big and expensive for his needs.
“It’s very, very sentimental, but it doesn’t make any sense to keep the building,” Brady said. “We don’t need all those floors. The building needs work. We would never generate money in the party to renovate it.”
Brady, who declined to say who had bought the building, said the sale was expected to close by the end of the year. He said the party machine was moving to a rental property on Delaware Avenue, near Spring Garden street, with plans to buy or build a new headquarters soon.
The Walnut Street building was never officially up for sale, but Brady said he’s had offers over the years and he was advised that this was a good price because the building needs substantial work.