Veyko Inc, a metal manufacturer, is building a new manufacturing facility on American Street, which has been one of the last bastions of Kensington's declining industrial power. South Kensington is consumed in a flurry of warehouse to loft conversions and residential development, but this new manufacturing plant signals a potential move back to industry.
It's hard to tell eaxactly where the facility is located: none of the articles about mention where on American Street it is. They do, however mention that it falls within the Empowerment Zone that runs from Girard to Lehigh, which means that the new facility can't be too far north. It's close to South Kensington developments like the SoKo Lofts, and other new residential developments. Will new residents be able to cope with living near heavy industrial buildings?
· Metal fabricator building $2.1M facility in Kensington [Philadelphia Business Journal]
· The End of an Industrial Era for American Street? [Curbed Philly]