Though public record doesn’t suggest that ownership has changed, a new owner has clearly stepped forward with plans to redevelop this property. And they’re looking to do an adaptive reuse.
According to Hidden City, the property in question is over a hundred years old and was constructed as a power substation for mass transit. The building immediately next door, in fact, still fills that purpose for Septa.
via Really Cool Adaptive Reuse On The Way for Former Power Station | NakedPhilly.